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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (319678)1/10/2007 1:42:27 AM
From: tejek  Read Replies (2) of 1573433
 
South America? - Not many South American countries have been very strong on the idea of a free market. Instead you get either socialists, or "right wing" dictators who run the country for their own benefit and that of their close friends. Chile under Pinochet was fairly free market, and its economy did fairly well. Unfortunately it was also an abusive military dictatorship. Not as abusive as a number of socialist dictatorships that don't seem to draw nearly as much condemnation from the left in America, but still it had a very poor human rights record. But that record was hardly a failure of capitalism.

Brazil has its own form of socialism and is also doing very well economically. In fact, its a member of BRIC. Chile is also more socialistic than in the past and its economy is doing well. In fact, there are a number of successful nations in the world that combine socialism with capitalism.
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