Political Forums  

Go Back   Defending The Truth Political Forum > Political Issues > Money and Finance > Economics


Thanks Tree2Thanks
  • 1 Post By Sabcat
  • 1 Post By jetson
Reply
 
LinkBack Thread Tools Display Modes
Old May 24th, 2016, 08:28 AM   #1
Celebrating diversity
 
Sabcat's Avatar
 
Join Date: Dec 2013
Location: Earth
Posts: 21,947
5 Ways Capitalist Chile is Much Better Than Socialist Venezuela

he story of Chile’s success starts in the mid-1970s, when Chile’s military government abandoned socialism and started to implement economic reforms. In 2013, Chile was the world’s 10th freest economy. Venezuela, in the meantime, declined from being the world’s 10th freest economy in 1975 to being the world’s least free economy in 2013 (Human Progress does not have data for the notoriously unfree North Korea).



1. As economic freedom increased, so did income per capita (adjusted for inflation and purchasing power parity), which rose from being 31 percent of that in Venezuela to being 138 percent of that in Venezuela. Between 1975 and 2015, the Chilean economy grew by 287 percent. Venezuela’s shrunk by 12 percent.



2. As its economy expanded, so did Chile’s ability to provide good health care for its people. In 1975, Chile’s infant mortality rate was 33 percent higher than Venezuela’s. In 2015, almost twice as many infants died in Venezuela as those who died in Chile.



3. With declining infant mortality and improving standard of living came a steady increase in life expectancy. In 1975, Venezuelans lived longer than Chileans. In 2014, a typical Chilean lived over 7 years longer than the average citizen of the Bolivarian Republic.



4. Moreover, more Chileans of both sexes survive to old age than they do in Venezuela. As they enter their retirement, the people of Chile enjoy a private social security system that was put into place by Cato’s distinguished senior fellow Jose Pinera. The system generates an average return of 10 percent per year (rather than the paltry 2 percent generated by the state-run social security system in the United States).





5. Last, but not least, as the people of Chile grew richer, they started demanding more say in the running of their country. Starting in the late 1980s, the military gradually and peacefully handed power over to democratically-elected representatives. In Venezuela, the opposite has happened. As failure of socialism became more apparent, the government had to resort to ever more repressive measures in order to keep itself in power—just as Friedrich Hayek predicted.



5 Ways Capitalist Chile is Much Better Than Socialist Venezuela - Reason.com
Thanks from coke
Sabcat is offline  
Old May 24th, 2016, 08:38 AM   #2
Senior Member
 
jetson's Avatar
 
Join Date: Mar 2016
Location: Adelaide. South Australia.
Posts: 2,587
The subject you have picked to start a thread about is a fkn joke.
Thanks from coke
jetson is offline  
Old May 24th, 2016, 09:23 AM   #3
Banned
 
coke's Avatar
 
Join Date: Feb 2014
Location: nunya
Posts: 12,580
Quote:
Originally Posted by jetson View Post
The subject you have picked to start a thread about is a fkn joke.
Going to need a little more detail on that
coke is offline  
Reply

  Defending The Truth Political Forum > Political Issues > Money and Finance > Economics

Tags
capitalist, chile, socialist, venezuela, ways



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Chile vs Venezuela, Capitalism vs Socialism Sabcat Socialism 4 May 22nd, 2016 08:35 AM
Venezuela oh Venezuela, where art thy defenders now? coke Socialism 4 May 17th, 2016 02:10 AM
You Won't Believe What We Saw In Socialist Venezuela Hyperinflation and chaos ! Pilgrim Current Events 3 April 5th, 2016 08:18 PM
Capitalist fairy tale Athena Economics 20 February 10th, 2016 08:43 AM
Nostradamus predicts the collapse of the capitalist system davidmabus2006 Conspiracy Theories 5 May 7th, 2009 03:36 PM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.