Important!-----The fall of Chile is a warning to America

The fall of Chile is a warning to America

"Back in the 1970s, the nation of Chile embarked on one of the boldest sets of free market economic reforms in history. 

The government called in the Chicago Boys, as they were called, led by Milton Friedman and other University of Chicago free market economists.

They were given a free hand to redesign the Chilean economic system with property rights, a low flat tax, privatization of the Social Security system, and industry deregulation. 

In 1991, Friedman wrote that Chile now has "the three freedoms: economic freedom, political freedom, and human freedom. It will be interesting to see if they can keep it."

For four decades, the experiment worked better than anyone could have imagined. 

• According to a study by economist Axel Kaiser for the Cato Institute: "Between 1975 and 2015 per capita income in Chile quadrupled to $23,000, the highest rate in Latin America (CNP 2016). 
• As a result, from the early 1980s to 2014, poverty fell from 45 percent to 8 percent (CNP 2016)." 
• Chile became one of the wealthiest nations in South America. 
• And it happened in three decades, an eye blink of history.
  

...Eventually, the leftists pulled off a political coup. 

In 2013, the Left won the Chilean presidency. 

The free market reforms were systematically replaced with "spread the wealth" platitudes. 

In October 2020, voters approved a rewrite of the constitution, and now property rights and the rule of law are in danger.

• Chile is now in economic free fall. 
• The poor are getting crushed. 
• The rich are pulling their money out of the country. 
• They have arrived at "equality." 

Nearly everyone is suffering...Read all.