"Green" parties gained too, and unfortunately, the big winners share an important similarity: they all advocate for more government interventionism in one way or another.
After the fall of the Berlin Wall, the newly freed former communist states welcomed companies like Coca-Cola, which brought both capital and managerial skill to economies ruined by communism.
Angela Merkel has caused cultural blowback with seemingly unchecked migrant flows while simultaneously harming business with higher taxes and more anti-business regulation. The results have not been great.
Chile would be even better off today had it adopted Mises-style laissez-faire over Milton Friedman's monetarism. But even a Friedmanian regime is far superior to the Keynesian economies that have ruined Argentina and Brazil.
According to Mises, economic nationalism "is incompatible with durable peace," and efforts to fan the flames of a trade war between the US and China are dangerous.
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