Quote:
Originally Posted by microbet
That reminds me of a book I read, Capitalism and Freedom. It was written by a guy who took part in the economic planning when we overthrew a democratically elected government and installed a dictator. Another notable Capitalist who was involved commented:
Friedman's role was a 45 minute meeting with Pinochet. It was minimal. But his students did a very good job. Chile is the wealthiest country in South America today because of it. Chile is a success story.
Allende was a tyrant. Price controls caused shortages. His gov't mandate to raise wages reduced real wages by 80%. His plan to alleviate shortages by confiscating farms and businesses caused capital flight out of the country. And the combination of those things plus out of control spending lead to hyperinflation.
Whether the US should have been involved in Chile is debatable. Had I lived in Chile I would have begged for US involvement to help overthrow Allende.
Quote:
"I don't see why we need to stand by and watch a country go communist due to the irresponsibility of its people. The issues are much too important for the Chilean voters to be left to decide for themselves."
I see nothing disagreeable with that statement. In fact, I endorse it. You don't have the right to vote for a Marxist. If 51% vote to enslave the other 49%, that is not okay.
Last edited by glenrice1; 11-06-2017 at 02:38 AM.