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Cuba Loosens Grip on Economy (VIDEO)

The Cuban government is relaxing its grip on the island's socialist economy, allowing the legal creation of private enterprise for the first time since the 1959 revolution.

In a bid to kickstart the sluggish economy and create jobs, the move is transforming the nation of 11 million people, as thousands acquire licenses to launch their own businesses.

This may cause social tension since now a business owner can make much more money than doctors or teachers.

Storyhunters Bill Gentile and Esther Gentile document these new developments in our latest dispatch:

Cuba Loosens Grip on Economy from Storyhunter on Vimeo.

If you're a professional video journalist with a great story to tell, join Storyhunter at www.storyhunter.tv. Also if you're in the New York area on Oct. 23 , stop by the ReRun GastroPub Theatre in Dumbo, Brooklyn, for our monthly Storyhunter Screen-Up NYC where we'll be showing some of our latest videos. Click here for more details.