10/21/2005 8:42:42 PM
Plz 2 research how Pinochet came to power.
10/21/2005 8:44:20 PM
Violent US supported regime topple of the democratically elected communist president.
10/21/2005 8:46:51 PM
Yes.
10/21/2005 8:48:23 PM
Now that is a fun fact, but what the classicals really try to hide under the rug was the economic experiement that followed. What was supposed to be an example of how great hands free capitalism works turned into undeniable proof of it's failure.
10/21/2005 8:56:25 PM
Well with regards to Latin America amd American support there never really was "free Capitalism." US business favored exporting of raw materials from Latin America to processing in the United States and resisted (and by extension pressured the US Government to also resist) any local attempts at a fair and balanced redistribution of territory and resources as well as unionization and organization of local workers.
10/21/2005 9:00:28 PM
This isn't as much about all of latin america, but specifically chile. Chile was a wonderful example of the huge flaws in capitalism.
10/21/2005 9:11:04 PM
Chilean failures root in grander LA issues.
10/21/2005 9:48:42 PM
I love this thread, Kris is acting like the second richest country in latin america is some disastrous economic shit hole, while his precious little Cuba has a GDP per capita that is less than a 1/3 of theirs.
10/21/2005 10:43:48 PM
The experiment isn't happening right now. It eventually got fixed back after they began to nationalize things agian and completely scrap the friedman ideas. The chile experiement failed miserably.Most of cuba's problems extend from their lack of international trade, you can't really blame that on them now can you?
10/22/2005 11:57:36 AM
The democratically elected governments have continued most of the economic reforms, including privatization, that was started under Pinochet. They have private social security, one of the world's freest trading policies with the universal tariff, and a very tight monetary policy to name a few. And btw here is the Chilean governments view of the economy from their APEC website:
10/22/2005 12:59:48 PM
10/22/2005 1:37:42 PM
10/22/2005 2:01:24 PM
10/22/2005 2:21:50 PM
10/22/2005 4:32:06 PM
10/22/2005 8:26:31 PM
Then what are you complaining about? The standard of living in Cuba is as good as it would be if the US didn't exist. But at least you admit America must be doing something right. We aren't the largest country, we aren't the most populous, but being cut off from our free markets is devastating.
10/23/2005 8:34:50 AM
10/23/2005 12:47:06 PM
http://www.lasvegassun.com/sunbin/stories/w-sa/2006/jan/05/010508277.html
1/6/2006 12:43:47 PM
1/6/2006 12:50:58 PM
1/6/2006 6:57:22 PM
I can't believe I missed this!I said: "The standard of living in Cuba is as good as it would be if the US didn't exist."Kris said: "So competition on goods doesn't drive the price down? This is news to me."I should have said: "Not if there is only one competitor, a state enterprise, kind of like you are always expousing." Zing!
1/6/2006 8:18:18 PM