The video is in Spanish but don't worry if you don't speak the language, you don't need it in this one. Just turn the sound down and watch the powerful photos and graphics.
Monica Showalter "Economist Steve Hanke has found a terrific video treasure on Twitter from El Cato, the Spanish-language branch of the Cato Institute, comparing and contrasting the development arcs of Chile and Venezuela. Here it is:" . . .
Click here for the video
. . . "Well, because Venezuela took the express train to socialism, and Chile embraced free markets.
"Once upon a time, Chile was the country that was the socialist dump, in the early 1970s it was literally a vassal state of Cuba's Fidel Castro, who came down to that country under the regime of then-President Salvador Allende, and barked orders. That Castrofication, as well as a long baseline history of soft socialism before Castro showed up in the decades earlier- a long soggy socialist slide - made Chile the country that was the hellhole.
"Now it's Venezuela. And by the wildest coincidence, Venezuela, has embraced the ame Castro and all his minions, getting the exact same result.
"The uplifting element of the video is that Chile didn't stay a dump.
"Chile all by itself embraced free markets. It didn't have any American invasion or nation-builders in the works for it (cripes, when this happened, Jimmy Carter was president in the states), Chile actually did the whole thing itself. " . . .
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