Quote from: someotherguy on July 28, 2011, 02:03:09 AM

Quote from: niemivh on July 26, 2011, 11:46:20 PM

Quote from: evoorhees on July 26, 2011, 07:59:42 PM

Quote from: niemivh on July 25, 2011, 06:32:38 PM

Since there are so many fans of Austrian economics here I'd like to ask for examples of success stories where a country used Austrian economic polices to become prosperous.

Please post what you find below, thanks!

Here are a few good examples of "free market" vs. "socialist" economic structures and you can understand the results pretty easily. Certainly, they're not "Austrian economics" countries, but the examples exemplify the principles of markets vs. coercion which is at the core of Austrian ideology.

- North Korea vs South Korea
- East Germany vs West Germany post WWII
- East Germany under USSR vs. East Germany after unification
- Haiti vs. Dominican Republic
- Cuba vs. Costa Rica
- Any Chinese City vs. Hong Kong
- China vs. Taiwan
- China under communism vs. China today
- India pre-market reformations vs. India post-market reformations
- Any Malaysian City vs. Singapore
- Vietnam vs. Singapore
- UK vs. Ireland over the past 20 years
- Chile pre-Pinochet vs post-Pinochet (not that Pinochet wasn't also a violent douchebag)
- Venezuela vs Chile
- Zimbabwe vs South Africa
- Burma vs. Thailand
- Syria vs. United Arab Emirates
- Communist Estonia vs. Post-USSR Estonia
- Soviet Russia vs. Russia post 1989

And surely I needn't mention US history from 1776 up through about 1920, when it was actually a generally capitalist, free-market nation and grew from mere peasantry to the world super power in 150 years.

Every single example above compares a territory that is/was more centrally planned vs a territory that is/was more free. This list doesn't prove anything, but you might want to take note OP.

Whoa (mis)information overload! Calm down buddy. Apparently the 'carpet bombing' technique was more popular on this forum than I originally thought. Nice list, but let's try to focus more on a single success story, not a laundry list of things deemed successes. I don't want to even start with the list because: the burden of proof isn't on me to disprove a claim (or else I'd spend the rest of my life writing a rebuttal to this post as you've listed so many countries) and we want "a success story" a single story, not a list. If we want to say that the 'opposite' of a 'free market' is the obvious failure of the system of true communism then we are in agreement; but that isn't the dichotomy here. It's not a choice between total laissez faire 'free markets' and total state controlled top-down Soviet style communism. I'm talking specifically about Austrian economic policy, views, beliefs or suggestions and how that was used as a framework for building a nation out of the primitive state of man: poverty. Observing a system that has an element of market dynamics isn't a Austrian phenomenon, the market doesn't belong to the Austrian school.

Maybe you should do US history, specifically how Austrian style "Free Market" views were critical in creating prosperity, just flesh out 1776 to 1920 and why you think that "when it was actually a generally capitalist, free-market nation and grew from mere peasantry to the world super power in 150 years". Why 1776? The US economic situation was in horrible disarray during and shortly thereafter the Revolutionary War; in addition there were multiple other economic and social calamities in this time frame. You don't even mention the Civil War.

You completely fail on so many levels Niemivh, I really don't know where to begin. Oh heck screw it, I got better things to do than deal your delusions.

Yep. Please don't bother explaining how and where I "fail" for that might expose your ignorance. After all the more you write the more opportunity you have to stick your foot in your mouth. Maybe that's maybe why I'm not afraid to post more than a few sentences at a time.

Get back to 'doing better things' like playing World of Warcraft.