Post
Topic
Board Economics
Re: Countries that followed the Austrian School to Prosperity
by
niemivh
on 27/07/2011, 16:05:43 UTC
niemivh, is your whole point that "Austian" is a utopian ideas, like Objectivist or pure communist, which, although all compelling theories with a lot of solid ideas behind them, were never truly allowed to exist in this world? If that's your point, that Austian is just a theory at this point, then trolling f*cking accomplished.

I will be occasionally sarcastic against individuals who seem a little dense or unwilling to challenge their own views through ideological stagnation or intellectual laziness.

However it is not meant to 'troll' anyone.  This is to show that the success stories of the Austrian school don't exist or either are very few and far between.  What countries use to become industrial or modern economies is so far from the "Free Market" that it might surprise most here.  Transitioning from a 3rd world status to a 1st world status is nearly impossible if you open your doors to total free market polices.  Throwing your infant industries on the world market before they are able to compete only benefits the largest global interests in said market as they will easily be able to crush you via dumping their products at lower prices until those companies goes under. 

However a small minority of folks in said country will always do well in this Globalized system and be the regional vanguard of the neocolonialism that Globalization truly is. 

Gotta get back to researching Chile.