Post
Topic
Board Economics
Re: Countries that followed the Austrian School to Prosperity
by
lemonginger
on 28/07/2011, 05:28:39 UTC
you're comparing Chile under Allende to North Korea? hyperbole much? A democratically elected government to a megalomaniacal dictator?

Christ compare Allende - a democratically elected leader to Pinochet's reign of terror, torture, disappearances, and imprisonment of dissenters. Seriously, you do know that Chile is like something out of a capitalist horror show right? Military takes over greatly helped by the CIA, installs dictator, who rules by terror/murder and installs US technocrats and economists as consultants....

You do realize that the "pure" phase of reforms (arguably the most Austrian phase) was by and large a failure, not only because the only way it could be sustained was through massive authoritarian structures of terror but because there was little GDP growth (late 70s and early 80s) and a full scale collapse that pushed 50% of the population back under the poverty line in like 83 or 84.

Anyway, end thread derail, if someone wants to debate Chile let's do it elsewhere.