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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (22963)	1/5/2004 1:58:16 AM
From: frankw1900	Read Replies (1) of 793707

The "Chicago Boys" tried to install our economic system around the world, and found that economic freedom by itself was always corrupted in these other countries. These are mercantilist societies. Like 17th century gents they believe in licences, patronage, bounties, subsidies, tariffs. They believe economic life is a zero sum game and a public position is a franchise and that includes customs inspectors and minor policemen. Everything Adam Smith criticized and demolished is working in these societies. Pre-Enlightenment. Britain and the US and the others are post enlightenment The poor of course, don't have the luxury of benefittting from these beliefs and do what they gotta do. The permits and mordita are worth two years revenue, so they just disregard it all and buy and sell but their status doing so is not "legal." de Soto points out the poor have no secure title to assets and often there is no land registry that functions and no real property law. No title, no credit. No credit, few improvements and very slow business expansion. Etc. US is trying a new tack lately and pushing legal rather than economic reforms: human rights and that has to include property rights.

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