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I really Hayek fan and I agree that he was wrong here. Allende was not as socialistic and not as much in control as Hayek thought. Since WW2 Hayek had a huge f
by nickik 10y ago
I really Hayek fan and I agree that he was wrong here.
Allende was not as socialistic and not as much in control as Hayek thought. Since WW2 Hayek had a huge fear of democratic socialism turning into what we would now call stalisim.
This fear never really came to pass because there is to much vested interest in the markets, thus the change happens slowly. Most democratic countries realize that they have gone to far, and then go back.