by Dan Mitchell | Dec 14, 2021 | Blogs, Economics, Free Market, Socialism
If you want visual proof of Chile’s “improbable success,” this chart tells you everything you need to know. Thanks to free-market reforms in the 1980s and 1990s, growth exploded, Chile became the Latin Tiger and poverty plummeted. It’s remarkable how...
by Dan Mitchell | Dec 1, 2021 | Big Government, Blogs, Economics, Free Market, Government Spending
A couple of years ago, to help build the case against socialism, I showed how West Germany enjoyed much faster growth and much more prosperity than East Germany. The obvious lesson to be learned from this example of “anti-convergence” is that...
by Dan Mitchell | Nov 28, 2021 | Blogs, Free Market
Back in 2016, I shared a television program about the “Improbable Success” of Switzerland. Today, here’s a follow-up look at that “sensible country.” There are elements to this video that are outside my area of expertise, such as the role of the reformation. But the...
by Dan Mitchell | Nov 15, 2021 | Blogs, Economics, Free Market
Back in May, as part of a discussion about the tradeoff between free markets (efficiency) and redistribution (equity), I put together a chart to show how poor people are better off in the long run if policy makers focus on the former rather than...
by Dan Mitchell | Nov 3, 2021 | Blogs, Free Market, Trade
I’ve shared several videos (here, here, here, and here) that use rigorous data to show that grinding poverty and severe material deprivation was the norm for humanity – until capitalism gained a foothold a few hundred years ago. Fortunately, as free...
