Re:Breakfast cereal is in long-term decline
by andrepd on Sunday September 17, 2023 @09:32PM
(#37551185)
Ah okay I see, "it was not true capitalism" :)
Re:Breakfast cereal is in long-term decline
by WalterBright on Sunday September 17, 2023 @10:12PM
(#37551425)
Progressives are entirely capable of wrecking free market success.
https://www.cato.org/cato-journal/fall-2020/fall-chile#expla...
Re:Breakfast cereal is in long-term decline
by avgcorrection on Monday September 18, 2023 @10:41AM
(#37556768)
To be fair (although I don't agree with him in the slightest): he did say “free market” to begin with, which in the common vernacular is contrasted with more state intervention.
Nope. Protectionism hurts the economy because it is an impediment to free trade.
> South Korea for an example of a country that was built with protectionist capitalism.
Protectionism hurts the economy, but not enough to sink it. Free markets are remarkably resilient to damage.
> Not Russia.
Russia's economy is a kleptocracy.
> Chile
Installing a neoliberal government doesn't mean they actually instituted a free market. Chile has, as I said, gone back and forth between free markets and socialism. The country would get on its feet with the free markets, then switch back to socialism until it was on its knees again.