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> first thing that came to mind was how anti-communism played out in vietnam, chicago boys of chile, and the contras in nicaragua What does this have to do wi

> first thing that came to mind was how anti-communism played out in vietnam, chicago boys of chile, and the contras in nicaragua What does this have to do with the Chicago school or libertarianism? > you could also argue the underdevelopment of the third world by washington consensus (free market) policies I have no idea where you got this from. The evidence indicates the complete opposite. Free markets and free trade are a boon to developing countries. China's economic liberalization reforms (agricultural decollectivization, privatization of industry, elimination of price controls, protectionist policies, and regulations) lifted millions out of abject poverty. India's economic liberalization reforms (making the economy more market-oriented, expanding the role of private investment, reducing import tariffs, deregulation of markets, reduction of taxes, and greater foreign investment) similarly led to a vast reduction in poverty and extraordinary economic growth, particularly in sectors opened to competition. > the seemingly detrimental policies enacted after the collapse of keynesianism in the 70s Which policies are you referring to, and why do you think they were detrimental? Regarding the Great Depression, I suggest you read what Friedman had to say about it.

f00_ 8y ago
literally the chicago boys, and right-libertarianism of reagan-thatcher how about russia's market reforms? tell me about that deng xiaoping liberalized china's economy, but now the greatest example of a capitalist economy is totalitarian and run by the state it's not like india became independent from britain, and used state intervention to develop their economy and protect industries with tariffs. oh wait friedman said the contraction was the result of bad fed policy, idk what you mean. he was literally a Keynesian when he wrote a monetary history pls make more unqualified generalizations
- throwaway37585 8y ago
  > literally the chicago boys, and right-libertarianism of reagan-thatcher So which economic policy are you referring to? > how about russia's market reforms? tell me about that I'm not sure which economic policy you're referring to, so you tell me. > deng xiaoping liberalized china's economy, but now the greatest example of a capitalist economy is totalitarian and run by the state I'm not sure what you mean by "greatest". And while a sizeable portion of China's economy remains state-owned for political reasons, the point is that the move away from state control led to one of the greatest increases in living standards and human welfare in history. > it's not like india became independent from britain, and used state intervention to develop their economy and protect industries with tariffs. oh wait The onus is on you to show that state interventionism and protectionism improved the livelihood of Indians, when the evidence suggests the opposite. As I pointed out in my earlier comment, it was India's liberalization which led to massive reductions in poverty. > he was literally a Keynesian when he wrote a monetary history Where's your source for this? > pls make more unqualified generalizations What "unqualified generalizations" are you talking about?
- dang 8y ago
  Please keep political battle and nationalistic flamewar off HN. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

f00_ 8y ago

literally the chicago boys, and right-libertarianism of reagan-thatcher how about russia's market reforms? tell me about that deng xiaoping liberalized china's economy, but now the greatest example of a capitalist economy is totalitarian and run by the state it's not like india became independent from britain, and used state intervention to develop their economy and protect industries with tariffs. oh wait friedman said the contraction was the result of bad fed policy, idk what you mean. he was literally a Keynesian when he wrote a monetary history pls make more unqualified generalizations

throwaway37585 8y ago
> literally the chicago boys, and right-libertarianism of reagan-thatcher So which economic policy are you referring to? > how about russia's market reforms? tell me about that I'm not sure which economic policy you're referring to, so you tell me. > deng xiaoping liberalized china's economy, but now the greatest example of a capitalist economy is totalitarian and run by the state I'm not sure what you mean by "greatest". And while a sizeable portion of China's economy remains state-owned for political reasons, the point is that the move away from state control led to one of the greatest increases in living standards and human welfare in history. > it's not like india became independent from britain, and used state intervention to develop their economy and protect industries with tariffs. oh wait The onus is on you to show that state interventionism and protectionism improved the livelihood of Indians, when the evidence suggests the opposite. As I pointed out in my earlier comment, it was India's liberalization which led to massive reductions in poverty. > he was literally a Keynesian when he wrote a monetary history Where's your source for this? > pls make more unqualified generalizations What "unqualified generalizations" are you talking about?
dang 8y ago
Please keep political battle and nationalistic flamewar off HN. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html