Incentives matter: the Mr Market LOOOOOVES death squads

In 1970, Chile elected Salvador Allende, a socialist, to office; he instituted sweeping reforms aimed at ending the corrupt rule of a small, monied, brutal elite; in 1973, the dictator Augusto Pinochet led a US-backed military coup that involved horrific torture and mass executions of political enemies. Read the rest

A generation after American "libertarians" helped with mass disappearances, torture and murder of left-wing activists, Frente Amplio surge in Chilean elections

In 1973, the US government helped the brutal dictator Augusto Pinochet overthrow Salvador Allende, Chile's democratically elected socialist president, and then leading libertarians like Milton Friedman and Friedrich Hayek flew to Santiago where they helped Pinochet with his program of mass extermination, torture and terror, including 2,279 known executions, 27,255 verified torture victims, and 200,000 known exiles, with countless more uncounted and uncountable. Read the rest