In 1975, of 72 countries, Chile was No 71 in economic freedom, today it is #4, ahead of the U.S.
Chile’s historic rate of economic growth (averaged 7% a year, 84-98)
Poverty went (from 45% to 15%)
How did this happen?
The Los Angeles Times said:
In the early 1970s, Chile was one of the first economies in the developing world to test such concepts as deregulation of industries, privatization of state companies, freeing of prices from government control, and opening of the home market to imports. In 1981, Chile privatized its social-security system. Many of those ideas ultimately spread throughout Latin America and to the rest of the world. They are behind the reformation of Eastern Europe and the states of the former Soviet Union today… which demonstrates, once again, the awesome power of ideas.
Don't tell me that prosperity can't occur in the far reaches of the undeveloped globe.
Market principles work, case closed. So to the economic leftists, if you really care and want to feel well of yourself, how about going cognitive and demand market principles around the globe instead of promoting smug ideologies that keep people in poverty.