WingNews logo WingNews
top | item 17605620

(no title)

throwaway37585 | 7 years ago

> first thing that came to mind was how anti-communism played out in vietnam, chicago boys of chile, and the contras in nicaragua

What does this have to do with the Chicago school or libertarianism?

> you could also argue the underdevelopment of the third world by washington consensus (free market) policies

I have no idea where you got this from. The evidence indicates the complete opposite. Free markets and free trade are a boon to developing countries.

China's economic liberalization reforms (agricultural decollectivization, privatization of industry, elimination of price controls, protectionist policies, and regulations) lifted millions out of abject poverty. India's economic liberalization reforms (making the economy more market-oriented, expanding the role of private investment, reducing import tariffs, deregulation of markets, reduction of taxes, and greater foreign investment) similarly led to a vast reduction in poverty and extraordinary economic growth, particularly in sectors opened to competition.

> the seemingly detrimental policies enacted after the collapse of keynesianism in the 70s

Which policies are you referring to, and why do you think they were detrimental?

Regarding the Great Depression, I suggest you read what Friedman had to say about it.

discuss

order