Christian73 said...The problem is not that RJers cannot comprehend Riddler or your beliefs. The problem is that they have been done and have not worked. Ever. In any country at any time in history. In fact, in every country where they have been tried, poverty has soared, political instability rose and most of those countries are now far more socialist than even the much loathed Europe.
It is clear to me that some do not understand the concepts Riddler is presenting. Your reading of Europe is wrong. The instability has many factors that vary from country to country, but the common theme is often lavish entitlements, union domination, and reduced productivity. Countries are trying to move away from this model.
I wasn't referring to European countries, but those in Latin and South America who suffered through forced experimentation with the kinds of austerity and deregulation that Riddler endorses with disastrous results for their citizens. The majority of them are now far more socialist than Europe or the US has ever been.
Further, Riddler's concepts are not new or novel. They are retread of Ayn Randian philosophy, Miltonian economics, and the resulting vulture capitalism that has been responsible for the raping of entire countries' economies.
Right... you seem to operate in a world where always imperfect and failed socialist implementations and government interventions should be blamed on markets or the rich. The problem of course is that no one who understands capitalism or markets thinks that cronyism is markets or capitalism.
As for disastrous austerity and deregulation and the success of the Chilean economy for instance? Obviously you'd demagogue Milton in what he didn't actually do - but that's more because of your clear and deliberate misunderstanding of history. Retread? That'd be your old tired ideas that have been largely relegated to the dustbins of history - and rightfully so.
I operate in the actual world where the US has been engaged in the deregulation of markets for three decades with dire results. Wherever Friedman's acolytes have been in ascendance economic disaster, unrest and eventual socialism have reigned. In fact, you cannot point to single country that has engaged successfully in the kinds of policies you argue for, despite their rampant use in the Third World, Eastern Europe, and parts of Asia. In every case, huge swaths of the populace were plunged into poverty while a few connected to multinationals profited handsomely.
But by all means. Try.
Actual world success? Nice attempt at historical revisionism - revise that - make that a ridiculous attempt at historical revisionism - do you even believe what you say? There are no countries that are purely capitalist or free markets - and quite far from it. But what we do know is that countries that do implement greater economic liberty in specific policies see greater economic growth for both the poor and rich. Telecom deregulation? Airline deregulation? Let's look at the countries that have implemented Friedman's views over the years of economic liberalization - which pretty much includes all G7 nations or let's look at the doing business index by the World Bank (practically the only initiative that I think is useful of theirs), or the Heritage/WSJ economic liberty index.
Even financial deregulation has allowed for greater access - it's the warped market incentives created by governments that have allowed for the development and prolonging of bubbles that you so absurdly blame on markets and rapacious capitalists.
Sadly, poverty is the historical condition of man. It's markets and the brave few who strive to make the world better and create wealth who have made it so. I somewhat understand your partisan views - working in an industry isolated from market pressures and dependent on those who are economically productive in society with little to no understanding of how the real world works. It's sad or rather a an indictment of your self proclaimed knowledge that you refuse to acknowledge that what's changed in allowing for the massive growth in wealth and betterment in the condition of man isn't the tired dead ideas you flog but greater markets, entrepreneurs and capitalists.