brian0918 Posted January 18, 2010 Report Share Posted January 18, 2010 I found this bit of good news this morning amid the news about further nationalizations in Venezuela: Chile has elected a free-market-promoting economist to the presidency, after several decades of failed social programs and nationalizations. The only potential roadblock I saw in the story is that he's from Harvard. Quote Link to comment Share on other sites More sharing options...
softwareNerd Posted January 18, 2010 Report Share Posted January 18, 2010 (edited) Not sure about exact dates, but at some point a group of Chileans who had studied at Chicago and had been influenced by its free-market focus and its monetarism, returned home and had quite some influence over the economy. Some called them "the Chicago boys". If my memory serves, one of them became part of the top leadership (President? Finance minister? something like that), and was instrumental in reforming Chile's social-security system, which was facing a future bankruptcy. For more commentary (albeit perhaps overly optimistic) about Chile's economy check the Carpe Diem blog. Edited January 18, 2010 by softwareNerd Quote Link to comment Share on other sites More sharing options...
Alexandros Posted January 18, 2010 Report Share Posted January 18, 2010 Very interesting. Quote Link to comment Share on other sites More sharing options...
Zip Posted January 18, 2010 Report Share Posted January 18, 2010 Good news! Quote Link to comment Share on other sites More sharing options...
Black Wolf Posted January 18, 2010 Report Share Posted January 18, 2010 Maybe there's some hope for Detroit after all. Quote Link to comment Share on other sites More sharing options...
01503 Posted January 18, 2010 Report Share Posted January 18, 2010 For more commentary (albeit perhaps overly optimistic) about Chile's economy check the Carpe Diem blog. I have Mark Perry on my RSS feed, but I agree that most times he seems to have a head-in-the-sand optimism. Quote Link to comment Share on other sites More sharing options...
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