It's about macroeconomics, it doesn't mean that you can not have the state run anything at all. Austrian economists are not anarchists. For example I can point

It's about macroeconomics, it doesn't mean that you can not have the state run anything at all. Austrian economists are not anarchists. For example I can point to successful schemes in Saudi or China and still see that on the grand scheme of things private markets are a lot more efficient. You're pointing to the exception as a criticism of the rule. If they do it right this step makes a lot of sense for Chile. It doesn't negate the fact that socialist policies have economically ruined South America at large. Venezuela is the best example, it used to be the richest of them all not very long ago.