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And so we turn back to morality...
Quote:
Originally posted by Replaced_Texan
The NPR piece I linked to talked about these Chilean economists that went to the University of Chicago in the 50s and 60s under a US government program to spread the free market concept in Latin America.
They were Ivory Tower types until the coup. They were put in charge of the economy when Pinochet came into power in 1974. The article said that there was initial recovery until the debt crisis in the early 80s, and Chile was hit the hardest of all the Latin American countries. It seems that the current recovery started in the early 1990s.
The arcticle points out that the current government is socialist.
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Bad things that happened under Allende's rule were his fault, and a sign of the inevitable Cuba-ization of Chile. (Pay no attention to the man behind the curtain in Washington destabilizing the country.) Bad things that happened under Pinochet were unavoidable bumps in the road on the happy path to the eden promised by free markets.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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