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Originally posted by Greedy,Greedy,Greedy
Always get rich? Always turn into a Democracy?
First, I'm not sure you've got "free market" dictators, in these countries. Yeh, Singapore's pretty close, but Indonesia? Ever heard of Pertamina? Korea has had a significant nationalized industrial sector as well. We'll leave aside Fringey's point that torture defines your country, and market, as unfree, something your Chicago boys never got.
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So if you point out a few non free market aspects of these countries that blows my whole theory. Sorry. Doesn't work that way. That is like saying, well the US market isn't totally free so that shows socialism works. These countrys may not have been perfect in free markets, but the more free market the better they did. In Asia, the country with the freest markets did the best - Singapore. Countries with the most closed systesm did the worst.
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Originally posted by Greedy,Greedy,Greedy And, in terms of wealth, the number of Chilean's below the povery line doubled, from 20% to 40%, as a percentage of the population during the 70s and 80s. Chile also features an enormous bail out of private industry, with the government assuming $16 billion in debt (leaving it with one of the worst debt burdens of any country in the world) and subsidizing private industry by selling it nationalized businesses at fire-sale prices. And don't forget about the repression of labor unions -- but, wait, you're going to argue that the freedom to organize is not part of a market economy, right? So is all this what you mean by free market? Yeh, free-market Chrysler style. So are you sure you want Chile to be the post-child for free markets? .
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Where did you get this stuff? A cite would be nice. Are you saying that Chile did not do well in the 70s and 80s. Or that the economy was not free. Because if you are saying both that negates your argument. Chile had the freest economy in Latin America in the past thirty five years and it has had the strongest growth. Are you saying that is wrong?
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Originally posted by Greedy,Greedy,Greedy And, what about other so-called "free-market" dictatorships that have not become democratic? Iran would be one. .
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This is a joke right? Pro American does not necessarily equal pro free market and pro business.
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Originally posted by Greedy,Greedy,Greedy The fact is that there is a general trend in the world toward Democracy throughout the last couple of centuries, and it's not stopping, but I see almost all of the resulting economies also trending toward the practical, with some mix of free markets, regulated markets, and nationalized markets. There just ain't no pure model out there anywhere.
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To say that the trend is toward mixed economies is just ludicrous. If you draw a sliding scale from purely socialist to purely capitalist, the trend has been much closer to the capitalist side.
