Chile free-market experiment wealthiest Latin America

by Pavellim: Milton Friedman

To avoid being a poor country in the Western Hemisphere, all you need is to wipe the floor with the socialists. Chile conducted the most radical free-market experiment on the continent and became the wealthiest country in Latin America, while its neighbors remained poor. In the 1950s, a group of economists known as the Chicago Boys, trained at the University of Chicago under Milton Friedman, brought their ideas to Chile. They implemented policies of privatization, deregulation, and trade liberalization, transforming the eco #MiltonFriedman #Chile