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And so we turn back to morality...
Quote:
Originally posted by Replaced_Texan
It's here. You need real player or windows media player to hear it.
The article said everything you said, except the debt crisis thing.
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Not the part I read and linked to above:
- INTERVIEWER: Isn't it true that Chile was the real front-runner of these kinds of reforms, that the whole thing was tried there about 10 years earlier?
JEFFREY SACHS: Chile was probably the country in Latin America that first started rather radical market reforms after a long period of heavy state interventionism. Chile, though, operated these reforms under a quite brutal military dictatorship. Bolivia was really the first, in my view, combination of democratic reform combined with economic institutional change.
And Bolivia much more than Chile showed that you could combine political liberalization and democracy with economic liberalization. That's an extremely important lesson, to have both of those working in parallel and each one reinforcing the other.
Oddly, Sachs doesn't buy this whole "dictatorship plus markets equals democracy" thing. Maybe he's hung up on Russia.
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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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