Posted on 03/21/2021 2:52:54 PM PDT by Rummyfan
Back in the 1970s, the nation of Chile embarked on one of the boldest sets of free market economic reforms in history. The government called in the Chicago Boys, as they were called, led by Milton Friedman and other University of Chicago free market economists
They were given a free hand to redesign the Chilean economic system with property rights, a low flat tax, privatization of the Social Security system, and industry deregulation. In 1991, Friedman wrote that Chile now has "the three freedoms: economic freedom, political freedom, and human freedom. It will be interesting to see if they can keep it.
For four decades, the experiment worked better than anyone could have imagined. According to a study by economist Axel Kaiser for the Cato Institute: "Between 1975 and 2015 per capita income in Chile quadrupled to $23,000, the highest rate in Latin America (CNP 2016). As a result, from the early 1980s to 2014, poverty fell from 45 percent to 8 percent (CNP 2016)." Chile became one of the wealthiest nations in South America. And it happened in three decades, an eye blink of history.
(Excerpt) Read more at washingtonexaminer.com ...
Both.
Why is it a “warning”...
America has already fallen...
Might as well leave the barn doors open now...
It doesn’t matter anymore...
” It will be interesting to see if they can keep it. “
The root problem? Marxists from outside the country.
I lived in Chile for over 5-years; would like to read the article...but access is blocked.
Here’s the entire article:
Unhappy people hate seeing happy people and will ruin everything for everyone to “get even”.
Similar to silver and gold bugs who hope for a total collapse of the currency because they hate successful people and want to see them brought down. They dream of ruling with their silver and gold bars, a laughable fantasy that will never come true even if everything collapses.
No mention whatsoever of who initially gave the Chicago Boys a free hand. None. Is Moore afraid to say his name?
—this worked for me-—
https://www.washingtonexaminer.com/opinion/the-fall-of-chile-is-a-warning-to-america
Link to article is at comment #6.
can’t read the article; it’s a subscription. What changed in Chile?
Chile has fallen? Why?
Much of South America was founded by conquistadors, plunderers, and those not all that geared for enterprise.
We Can Mock the Marxists,
but we Will be Targeted.
.
Old Single Guys ,OSG’s,
Can have a Few Laffs!
Saw Milton Friedman and the Chicago boys mentioned. Hopefully Pinochet will get some credit if not most. I wouldn’t mind spending winters there in Valparaiso if it’s stable. Someone named Pinera ran the country recently. His harvard brother changed their retirement system and I was hoping he’s be here to do the same.
Last there’s a big chunk of land spread amongst 3 countries down there just ripe for development(immigration). Could be our last refuge but then we’d need an army.
Satan has his hand on the levers.
try
I lived in Chile for over 5-years; would like to read the article...but access is blocked
Disable Javascript, reload the page and read on.
Know any teachers/professors?
Send this article to them, and say "It's YOUR fault!"
Leftists are incapable of self awareness. Group think rules.
Democrats worshiping themselves instead of God.
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