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Neoliberalism is Austrian-school thinking put into practice; it's the best that governments can do given the economic and social realities of the day. People li
by scrod 15y ago
Neoliberalism is Austrian-school thinking put into practice; it's the best that governments can do given the economic and social realities of the day. People like Milton Friedman and other Chicago school economists drew heavily on the Austrians, and those Chicago school economists were directly advising developing nations from the '70s onward.
Responses like yours only reinforce my thesis: your philosophy can never be practiced successfully. Where it fails, the problem is only ever due to some sort of impurity or oversight in implementation. The market can never be "free enough".
- danssig 15y agoIf people actually saw what went on "free enough" would have been put to bed years ago. The Chicago boys were given free reign in Chile under Pinochet and nearly destroyed the country. They had to back off of their "free enough" goals to start the trend upwards again to be able to write their "The Chilean Miracle" propaganda piece [1]. [1] http://www.infoshop.org/page/AnarchistFAQSectionC11 http://www.infoshop.org/page/AnarchistFAQSectionC11 (sorry for a link that originates from the Anarchist FAQ but this is the best aggregated source on the subject I've found).
- philwelch 15y agoIf you're equating the Chicago school and the Austrian school, you don't know the first thing about either and you're not qualified to start the moronic, off-topic flame war about the subject you've gotten everyone into.