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Old 06-28-2010, 12:21 AM   #36
EbrsaRynleot

Join Date
Nov 2005
Posts
543
Senior Member
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Yeah, But, Venezuela & Argentina were richer than Chile some 30 - 50 years ago.

Now, they are not.

Venezuela & Argentina were very well off 50 years ago.

But, Venezuela collapsed from too much socialism debt & a Internation Monetary Fund that made them a slave.

Argentina also was engulfed into debt from projects & the falkland wars wiith vidella.

Chile is stronger than Venezuela & Argentina today because of Augusto Pinochet Conservative poliicies helped in stimulating the economy.
Because the Free Market Economy and the Chicago Boys. Milton Friedman inspired most of the miracle. Pinochet was an ignorant that has no idea of economy. If you want to thanks somebody, thanks to Admiral Merino.

Argentina and Venezuela has lagged behind because they don't have the practical approach of Chileans to development. But it is something that is changing. Today the country that grows faster in the region is Peru, actually.
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