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Economic FreedomWorld History
In recent decades, Chile set itself apart from the rest of Latin America with successful market reforms and a stable political system. Average Chileans prospered. But now that's all at risk.
Bureaucracy and RegulationEconomic FreedomTaxes and Spending
As we face a second wave of coronavirus outbreak in Europe, we know that the March measures and aggressive lockdowns were a grave mistake.
Bureaucracy and RegulationCronyism and CorporatismEconomic Freedom
Twenty years ago, it looked like Chile was well on its way to joining the world's small club of developed countries. But this path looks less and less likely as Chile abandons its commitment to freedom and markets.
Economic FreedomMonopoly and CompetitionOther Schools of Thought
In an unhampered economy, monopoly is not a framework distinguishable from “pure” competition. In fact, inefficient monopolies arise only in case of government interventionism.
Twenty-first-century socialism, which has been so popular in Latin America for many years, has failed in a way that mirrors the failure of twentieth-century socialism in other parts of the world.
Economic FreedomPovertyWorld History
Far from being a tool of "exploitation," industrialization and free trade are proven strategies to bring higher standards of living to the developing world.
Bureaucracy and RegulationEconomic Freedom
Leonard Read has explained how so many Americans arrived at the clearly false notion that a government post office is necessary.
Big GovernmentEconomic FreedomHealth
More threatened COVID lockdowns, and thus more bailouts and explosions of deficit spending, do not bode well for the global economy.
From rent to jobs, to marriage, government regulations are incessantly raising the cost of doing business.
Economic FreedomHealthPrice Controls
Our government is forever whining about, threatening against, high drug prices. Our pharmaceutical industry is “fighting” the Chinese in this economic “war” with both its hands tied behind its back.