‘From 1990 to 2009, left-of-center governments largely maintained the market-based institutions and economic policies established under the 17-year rule of General Augusto Pinochet. However, under the center-right Alianza coalition, which took power in 2010, President Sebastian Piñera has raised corporate taxes and personally intervened to stop the construction of a coal-fired electric plant that had cleared all regulatory hurdles. None of that has satisfied the left, and large street protests have become an ongoing problem for the government. Despite Piñera’s clumsy political leadership, Chile still has the region’s best reputation among foreign investors. It is the first South American country to join the Organisation for Economic Co-operation and Development. Chile is the world’s leading producer of copper. The economy is very open to imports but is also an export powerhouse in minerals, wood, fruit, seafood, and wine.’ http://www.heritage.org/index/country/chile
The reality – which Maxy is not very good at – is that there is mainstream economic management and his fringe extremist fantasies.
Here’s another country – No. 3 on the economic freedom indeax.
http://www.heritage.org/index/country/australia
Monetary policy.
http://www.rba.gov.au/monetary-policy/
Economic growth.
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There are rational ways to manage modern economies – and the Nobel Prize winning work of Hayek is at the core of it. Forgetting these principles leads to Greece, Ireland and the US economic malaise.
The other principles of importance are those of classic liberalism. You know? Democracy, the rule of law, free markets? Are they arguing against this?
