by Dan Mitchell | May 8, 2023 | Blogs, Free Market
For a few decades, Chile was very interesting for fans of free markets. The country became famous for its system of personal retirement accounts, but there were many other reforms that liberalized the economy. Everything from free...
by Dan Mitchell | May 7, 2023 | Uncategorized
I wrote a few days ago about Latin America’s “pink tide” and how statist policies are driving away jobs and investment. Today, let’s look at John Stossel’s interview with Gloria Alvarez about the grim future of the region. I especially like the...
by Dan Mitchell | Mar 23, 2023 | Big Government, Blogs, Economics, Socialism
In Part I of this series, I documented the dramatic decline in living standards ever since socialists took power in Venezuela. In Part II, I compared Venezuela’s decline to the other Latin American nations, particularly the success story of Chile....
by Dan Mitchell | Mar 13, 2023 | Blogs, Economics, Free Market, Socialism
Back in 2011, I shared a chart comparing economic growth in Chile, Argentina, and Venezuela between 1980 and 2008. My simple goal was to show that market-oriented nations enjoy very fast growth compared to nations with “mixed economies or socialist...
by Dan Mitchell | Mar 12, 2023 | Big Government, Blogs, Economics, Socialism
Socialism is an immoral system that has a horrible track record of misery and failure. One of the most tragic examples is Venezuela. It used to be the richest nation in Latin America. But per-capita GDP has collapsed...
