Well, the commie contagion has returned to Chile. They have a vote today whether to go full Cho Bai Den/Hugo Chavez and destroy their economy or continue with economic freedom. Appears they are going to choose poorly like we did.
https://danieljmitchell.wordpress.c...n-week-part-iv-whats-at-stake-in-todays-vote/
I’m always happy to sing the praises of free trade and condemn protectionism, but let’s keep the focus on today’s election in Chile and why it matters.
That’s why this tweet tells you everything you need to know.
Notice how Chile began to prosper after it began to shift to free markets around 1980 and notice how Venezuela began to fall after it shifted to statism starting around 2000.
https://twitter.com/i/status/1232647808412520448
Notwithstanding all this evidence, Boric is favored to win today’s election. Which would be a vote for national economic suicide – perhaps akin to the British people voting for the pro-nationalization Labour Party after World War II (described in this video, for those interested).
I hope I’m wrong, both about the results of the election and the potential changes to economic policy if Boric prevails.