Milton Friedman's talks were NOT boring. He was invited on popular talk shows in the 80s. He made his arguments interesting because he used everyday examples everyone can relate to.
Well by the 80s, he was well into talking about the politics as well as economics. Pinochet and Chile was the early 70s, and Friedman's book Free To Choose was published in 1980, again after Pinochet and Chile.
Yeah what she ignored was the thousands of people rounded up and murdered in their football stadiums. Sh e also ignored that the previous Gov was democratically elected. Friedman was an enemy of democracy, it is well known.
What's missing from this discussion is just what preceded the anti-Allende coup. Allende was a Castro idolator, and was plowing ahead with transforming Chile into another Cuba, after he'd been narrowly elected in a three way Presidential contest, with a little over 1/3 of the popular vote (Chile has since transformed their electoral laws to prevent this minority Presidency from happening again). Because of the disaster Chile had become, the people rose up against Allende. There were large demonstrations of housewives in the streets, truck drivers and taxi drivers were on strike, as were retailers, doctors and dentists. The Chilean Supreme Court ruled Allende was acting unconstitutionally, and he was impeached--and came within one vote of being convicted and removed legally from office. Allende made no secret of the fact that there were going to be no more elections in the country. He was going to abolish the Chilean legislature and replace it with a 'people's parliament, just like in Cuba. There were over 10,000 paramilitary forces, trained in Cuba infiltrated into Chile to support Allende. That is the background to the military coup. The violence that erupted after the coup was because of the necessity of defeating those Cuban (and Soviet) supported Marxist paramilitary forces. As late as 1986 they were able to stage a rocket attack on Pinochet's motorcade that came near to killing him. Out of all this, Chile survived to become a democracy. Largely thanks to Pinochet and the military.
@@darbyheavey406 The CIA had nothing to do with it, except for passing on any information about Cuba's incursions into South America countries generally.
@@OPOS-el7tj there are numerous sources. Three I recommend are James Rolph Edwards', 'Painful Birth: How Chile Became a Free and Prosperous Society', 'Buying the Night Flight' by Georgy Anne Geyer, and 'Persona Non-Grata' by Jorge Edwards.
Have you been to Chile? I have. Because of Friedman's influence there, Chile is the only country in South America which is not a 3rd world country. They have an actual middle class. They have a vibrant economy.
They also have a lot of copper, aren't landlocked, and have good growing conditions. But of course none of that can be utilized without sound free market capitalism.
When you got here? 10-20 years ago? Because after two right wing governments we got demoted back to 3rd world country, because Piñera wanted to play Trumps game and imported a million migrants from the Caribbean, because what our economy needed was people allergic to work and prone to criminal activity.
Well, this certainly helps explain why Free To Choose came out in 1980, a few years after his visit to Chile. That was essentially his "stronger statement" against authoritarianism.
😂😂 Wow the insane comments on this video is astounding. Pinochet brutally tortured rape and executed thousands of innocent civilians. But you have to desperately deflect on your fantasy of what the so-called Communists were going to do. 😂
From what I heard, Pinochet was a socialist, who believed in socialism, and assumed Chile was only failing cause the politicians were corrupt. So he took over in that famous coup and for TWO YEARS (she ssays one) he tried to implement socialism, and when realising that it wasnt corruption but the socialist ideology itself to blame. Anyway whenever its a subject where both sides have a vested interest in pushing a narrative its hard to know who to listen to, as both sides are going to leave things out, and focus on others. I think thr deciding factor is Chile did become South Americas richest nation after years of suffering, and things only started to change when policies changed
Youre absolutely delusional wtf. America implemented a fascist neoliberal who murders countless of innocent people and is being courted by all of the wests biggest capitalists and once hes gona and hes generally seen as a bad person yall have to delude yourselfs that he was in fact the complete opposite of who he was because otherwise your "team" wouldn't be the good ones. Get a grip on reality
You might be right, Chilean here 🖐🏻. First, allende fully trusted Pinochet. Second, it is a very plausible explanation for the early experimental years of the junta, which saw many economic advisors being replaced. Third, the soviet union offered to give him weapons after the us placed an arms embargo on Chile.
An economist can support a leader's economic policy without supporting the other actions. The Chicago Boys saved Chili economically. 90% of all the government's deaths occurred within the first year. The Shah of Iran also gets a raw deal from history.
😂😂 What revision is fantasy Benefited the wealthy and destroyed the already struggling poor. He took away free milk from the schools that people were spending 74% of their income on bread it was a disaster thousands were tortured raped and executed.
@greenvelvet the CIA didn't bomb the presidential palace or restructure the economic model and most importantly they didn't kidnap the citizens suspected of communism and torture/execute them. That was the chilean people themselves. The CIA gets waaaay too much credit for what pinochet himself did.
Read the paper authored by Jean Kirkpatrick…she argued, correctly that right wing authoritarian governments were more likely to turn to free market economics than a left wing government. She seems to have been correct.
Chilean here: -Pinochet was a conservative. -Our military was nationalistic and more closer to fascism than to the economic ideas of Friedman. -Friedman did not supported Pinochet, in fact, when the economic policy of the Junta failed, they turned to the Chicago boys. -The ideas of Friedman were a complete failure at first, thing is, the private sector was as corrupt as the military goverment. So you had a very corrupt stablishment running things. -The Chilean miracle really started when Pinochet was defeated on an election. And the Concertacion created the conditions for our country to get foreign investment. -Was that foreign investment, plus the Concertación ending Pinochet cleptocracy what really saved our country. The right wing and the Concertacion created something they called "the democracy of the accords". That allowed our nation to create good institutions and the climate for the investments to actually benefit the society and not the pockets of the military mafia. Friedman's ideas are good, but Pinochet was a corrupt tirant that got sanctioned into oblivion and our country was very poor until the end of that dictatorship. Tl;dr Allende was a failure, Pinochet too, but at least the tyrant adopted some of Friedman's ideas and then the Concertacion improved them.
🤦 the Chicago boys were proxies of Milton friedman. They came from his school his ideology taught his philosophy of economics. And when his experiment was going badly he flew down there himself to advise Pinochet to apply shock therapy to the economy, Which was more austerity more slashing a social benefits for the working people in benefiting the wealthy
Note: Democracy is not the same as political freedom. Secure pre-political rights creates both political and economic freedoms. Mob rule is not any kind of freedom.
@@rappakalja5295 Fascism compatible with democracy. When the early American Progressives had to rebrand due to their human rights abuses over the Wilson administration, a leading Progressive (HG Wells) suggested the name "Liberal Fascists" which he thought captured the ethos of the Progressive movement due to its value of a liberal (ie democratic) selection of leaders with fascist (big government) goals. Of course that was before the term "fascist" fell out of favor with the public. Nothing changes but the names.
La gringa mezcla fechas. No fue Friedman el que aconsejó al régimen. Éste fue aconsejado por un programa llamado "el ladrillo" que fue escrito por los Chicago boys para el gobierno de Alessandri, varios años antes. El que vendió la idea al gobierno militar fua Cauas, un economista liberal. Friedman visitó Chile años después que ya se aplicaba el modelo, viajó a ver invitado por sus ex alumnos que le querían mostrar cómo funcionaba el modelo y, ahí, visitó a Pinochet. Él no tuvo que ver en la implantación del programa. Los gringos se pasan películas .
No this is desperate revisionist history trying to distance capitalism laissez-faire libertarian philosophy, a failed economic experiment trying to distance themselves from a bloodthirsty dictatorship which they supported and advised
Milton Friedman sent his Chicago boy proxies to implement their experiment of free markets which caused hyperinflation. And when things were going wrong Milton Friedman flew down there himself there's photos of it. of him advising Pinochet
@@vedinthorn That's sill evil though. He didn't use his powers to setup a libertarian utopia, just rode on the "commie-bad" train as an excuse to do whatever he liked. He could have set the stage and shown the world what Libertarianism looks like but as always, authorities gonna auth. Javier Milei in Argentina though, at least he's sticking to his principles so I have some hope this time.
@@whitehavencpu6813 I was partly joking earlier, but I'm not sure we should treat commies like equals in reality. They don't afford us the same luxury, so appeasement and following rules of conduct for them means they always win.
Yeah tell that to the thousands of families who had their family members tortured raped in executed. People will never have closure because they'll never find their bodies. You complete sociopath
He advised a bloodthirsty dictatorship that tortured raped and executed thousands of innocent civilians in order to maintain control in order to run their libertarian experiment of free markets. That's why it matters. Richard Nixon ordered the CIA to overthrow their democratically elected president while we claim to stand for freedom and democracy.
When is economics not tied to politics? It seems too idealistic to think that economics is not tied to politics. Private industry also has the right to petition the government in the pursuit of profit. The petitions are generally in the form of political donations which, in any democracy, are legal. The life blood of politicians is money, and as such, politics and economics are very connected.
While acknowledging the horrific brutal executions of thousands of innocent people who had no affiliation with communism, as somehow being a good thing. Well you people are insane
@@LG-pt5ktYeah and the USSR was never Communist because Communism is a stateless ideology. You Libertarians have zero fucking spine to face reality, you're even worse than the Communists.
Plenty of us have, Read Hoppe, Democracy the God That Failed. It's quite obvious to most of us that Democracy will never lead to a society that values freedom and individual liberty, quite the contrary actually.
Oh boy some inconvenient history that you would like to be forgotten huh? Oh sorry as long as there's living families of those who were brutally tortured raped and executed this history won't go away no matter how much you like.
Ecuador's elected president (probably for life) Rafael Correa studied under Friedman and it's one of the few south american governments that hasn't been destroyed by socialist ideas is the last two decades. (To my knowledge, I was there when he was elected and have kept a side eye on it since.)
"communism", what's basically country saying we don't want to be under colonial rule we want to forge our own path and be an independent country. That's what "communism" was
Milton Friedman's talks were NOT boring. He was invited on popular talk shows in the 80s. He made his arguments interesting because he used everyday examples everyone can relate to.
Well by the 80s, he was well into talking about the politics as well as economics. Pinochet and Chile was the early 70s, and Friedman's book Free To Choose was published in 1980, again after Pinochet and Chile.
you didn't understand what she said
Okay tyrant lover
If this is the worst thing that anyone has on Dr Friedman, then my admiration and estimation of him has just gone up two fold.
Wow you applaud the systematic torture rape and executions of thousands of innocent civilians. What a true patriot you are!
😂
Yeah what she ignored was the thousands of people rounded up and murdered in their football stadiums. Sh e also ignored that the previous Gov was democratically elected. Friedman was an enemy of democracy, it is well known.
What's missing from this discussion is just what preceded the anti-Allende coup. Allende was a Castro idolator, and was plowing ahead with transforming Chile into another Cuba, after he'd been narrowly elected in a three way Presidential contest, with a little over 1/3 of the popular vote (Chile has since transformed their electoral laws to prevent this minority Presidency from happening again). Because of the disaster Chile had become, the people rose up against Allende. There were large demonstrations of housewives in the streets, truck drivers and taxi drivers were on strike, as were retailers, doctors and dentists. The Chilean Supreme Court ruled Allende was acting unconstitutionally, and he was impeached--and came within one vote of being convicted and removed legally from office.
Allende made no secret of the fact that there were going to be no more elections in the country. He was going to abolish the Chilean legislature and replace it with a 'people's parliament, just like in Cuba. There were over 10,000 paramilitary forces, trained in Cuba infiltrated into Chile to support Allende. That is the background to the military coup. The violence that erupted after the coup was because of the necessity of defeating those Cuban (and Soviet) supported Marxist paramilitary forces. As late as 1986 they were able to stage a rocket attack on Pinochet's motorcade that came near to killing him.
Out of all this, Chile survived to become a democracy. Largely thanks to Pinochet and the military.
And the CIA.
@@darbyheavey406 The CIA had nothing to do with it, except for passing on any information about Cuba's incursions into South America countries generally.
What source is this from?
@@OPOS-el7tj there are numerous sources. Three I recommend are James Rolph Edwards', 'Painful Birth: How Chile Became a Free and Prosperous Society', 'Buying the Night Flight' by Georgy Anne Geyer, and 'Persona Non-Grata' by Jorge Edwards.
@@OPOS-el7tj Or, you could read the several blog posts I wrote several years ago: hisstoryisbunk.blogspot.com/search?q=pinochet
Have you been to Chile? I have. Because of Friedman's influence there, Chile is the only country in South America which is not a 3rd world country. They have an actual middle class. They have a vibrant economy.
I understand that things are often not well-defined, but namby pamby talking heads equivocating doesn't do much for me
They also have a lot of copper, aren't landlocked, and have good growing conditions. But of course none of that can be utilized without sound free market capitalism.
@@TreDogOfficialgood points. Compare Chile and Argentina.
Although, in recent years, there's been a movement to bring Socialism again in the land.
When you got here? 10-20 years ago?
Because after two right wing governments we got demoted back to 3rd world country, because Piñera wanted to play Trumps game and imported a million migrants from the Caribbean, because what our economy needed was people allergic to work and prone to criminal activity.
No ! He didn't!
He visited, gave advice, then left.
Well, this certainly helps explain why Free To Choose came out in 1980, a few years after his visit to Chile. That was essentially his "stronger statement" against authoritarianism.
The communists would’ve been much more brutal than Pinochet.
😂😂
Wow the insane comments on this video is astounding. Pinochet brutally tortured rape and executed thousands of innocent civilians. But you have to desperately deflect on your fantasy of what the so-called Communists were going to do.
😂
From what I heard, Pinochet was a socialist, who believed in socialism, and assumed Chile was only failing cause the politicians were corrupt. So he took over in that famous coup and for TWO YEARS (she ssays one) he tried to implement socialism, and when realising that it wasnt corruption but the socialist ideology itself to blame.
Anyway whenever its a subject where both sides have a vested interest in pushing a narrative its hard to know who to listen to, as both sides are going to leave things out, and focus on others. I think thr deciding factor is Chile did become South Americas richest nation after years of suffering, and things only started to change when policies changed
Youre absolutely delusional wtf. America implemented a fascist neoliberal who murders countless of innocent people and is being courted by all of the wests biggest capitalists and once hes gona and hes generally seen as a bad person yall have to delude yourselfs that he was in fact the complete opposite of who he was because otherwise your "team" wouldn't be the good ones. Get a grip on reality
you've heard very wrong
You might be right, Chilean here 🖐🏻. First, allende fully trusted Pinochet. Second, it is a very plausible explanation for the early experimental years of the junta, which saw many economic advisors being replaced. Third, the soviet union offered to give him weapons after the us placed an arms embargo on Chile.
@@mamutakada Isn't giving "lifetimes worth" of helicopter rides free rather socialist?😅
@@Cerberus984 it is actually capitalist because only some got it ;D
An economist can support a leader's economic policy without supporting the other actions. The Chicago Boys saved Chili economically. 90% of all the government's deaths occurred within the first year.
The Shah of Iran also gets a raw deal from history.
That's the price they were willing to pay.
😂😂
What revision is fantasy
Benefited the wealthy and destroyed the already struggling poor. He took away free milk from the schools that people were spending 74% of their income on bread it was a disaster thousands were tortured raped and executed.
@@javimiami92😂😂
The price they were willing to pay? Their government was overthrown by America in the cia. They didn't have a choice 😂😂🤦
@greenvelvet the CIA didn't bomb the presidential palace or restructure the economic model and most importantly they didn't kidnap the citizens suspected of communism and torture/execute them. That was the chilean people themselves. The CIA gets waaaay too much credit for what pinochet himself did.
No, but Benito Mussolini said John Maynard Keynes’ philosophy was completely compatible with fascism.
Read the paper authored by Jean Kirkpatrick…she argued, correctly that right wing authoritarian governments were more likely to turn to free market economics than a left wing government. She seems to have been correct.
Versus left wing authoritarian governments that support nationalizing industries which they control and use force to implement.
Is that because free market economics is fundamental right wing political philosophy?
🚁
🤸♂️
THE FACE THAT INSPIRED A GENERATION! Based
Chilean here:
-Pinochet was a conservative.
-Our military was nationalistic and more closer to fascism than to the economic ideas of Friedman.
-Friedman did not supported Pinochet, in fact, when the economic policy of the Junta failed, they turned to the Chicago boys.
-The ideas of Friedman were a complete failure at first, thing is, the private sector was as corrupt as the military goverment. So you had a very corrupt stablishment running things.
-The Chilean miracle really started when Pinochet was defeated on an election. And the Concertacion created the conditions for our country to get foreign investment.
-Was that foreign investment, plus the Concertación ending Pinochet cleptocracy what really saved our country. The right wing and the Concertacion created something they called "the democracy of the accords". That allowed our nation to create good institutions and the climate for the investments to actually benefit the society and not the pockets of the military mafia.
Friedman's ideas are good, but Pinochet was a corrupt tirant that got sanctioned into oblivion and our country was very poor until the end of that dictatorship.
Tl;dr Allende was a failure, Pinochet too, but at least the tyrant adopted some of Friedman's ideas and then the Concertacion improved them.
🤦 the Chicago boys were proxies of Milton friedman. They came from his school his ideology taught his philosophy of economics.
And when his experiment was going badly he flew down there himself to advise Pinochet to apply shock therapy to the economy,
Which was more austerity more slashing a social benefits for the working people in benefiting the wealthy
Did Milton really hate the state?
Friedman supported a consistent debasement of the currency which empowers the state and undermines markets.
Note: Democracy is not the same as political freedom. Secure pre-political rights creates both political and economic freedoms. Mob rule is not any kind of freedom.
"Mob rule is not any kind of freedom"
Did the fascist who overthrew democracy tell you that?
@@rappakalja5295 Fascism compatible with democracy. When the early American Progressives had to rebrand due to their human rights abuses over the Wilson administration, a leading Progressive (HG Wells) suggested the name "Liberal Fascists" which he thought captured the ethos of the Progressive movement due to its value of a liberal (ie democratic) selection of leaders with fascist (big government) goals. Of course that was before the term "fascist" fell out of favor with the public. Nothing changes but the names.
La gringa mezcla fechas. No fue Friedman el que aconsejó al régimen. Éste fue aconsejado por un programa llamado "el ladrillo" que fue escrito por los Chicago boys para el gobierno de Alessandri, varios años antes. El que vendió la idea al gobierno militar fua Cauas, un economista liberal. Friedman visitó Chile años después que ya se aplicaba el modelo, viajó a ver invitado por sus ex alumnos que le querían mostrar cómo funcionaba el modelo y, ahí, visitó a Pinochet. Él no tuvo que ver en la implantación del programa. Los gringos se pasan películas .
The brick and the Chicago boys were Milton Freeman's proxies they were pushing his policies 🤦
He supported free market economics. To the extent that it existed around the world, he supported it.
Yeah I was not aware that he didn’t go to Chile until a year after the coup.
So did the question get answered?
No this is desperate revisionist history trying to distance capitalism laissez-faire libertarian philosophy, a failed economic experiment trying to distance themselves from a bloodthirsty dictatorship which they supported and advised
Milton Friedman sent his Chicago boy proxies to implement their experiment of free markets which caused hyperinflation.
And when things were going wrong Milton Friedman flew down there himself there's photos of it.
of him advising Pinochet
NO.
Just dropped in to say that Pinochet was a wise man.
wise but did evil.
@@whitehavencpu6813 well no one is perfect. He missed a few commies, for instance. Got a few people as though they were when they weren't, too.
@@vedinthorn That's sill evil though. He didn't use his powers to setup a libertarian utopia, just rode on the "commie-bad" train as an excuse to do whatever he liked.
He could have set the stage and shown the world what Libertarianism looks like but as always, authorities gonna auth.
Javier Milei in Argentina though, at least he's sticking to his principles so I have some hope this time.
@@whitehavencpu6813 I was partly joking earlier, but I'm not sure we should treat commies like equals in reality. They don't afford us the same luxury, so appeasement and following rules of conduct for them means they always win.
Hope so
I hope he did. I’d support that here. Yes, I’m that disillusioned and fed up.
Did he support?
Yes, and why not?
Yes he did and that was and is still a good thing
Yeah tell that to the thousands of families who had their family members tortured raped in executed. People will never have closure because they'll never find their bodies.
You complete sociopath
So what if he did?
He advised a bloodthirsty dictatorship that tortured raped and executed thousands of innocent civilians in order to maintain control in order to run their libertarian experiment of free markets.
That's why it matters.
Richard Nixon ordered the CIA to overthrow their democratically elected president while we claim to stand for freedom and democracy.
When is economics not tied to politics? It seems too idealistic to think that economics is not tied to politics. Private industry also has the right to petition the government in the pursuit of profit. The petitions are generally in the form of political donations which, in any democracy, are legal. The life blood of politicians is money, and as such, politics and economics are very connected.
Pinochet was awesome. He brought much needed sanity to Chile. Unfortunately, that sanity is now gone.
Free helecopter rides for comunists whats not to like ?
While acknowledging the horrific brutal executions of thousands of innocent people who had no affiliation with communism, as somehow being a good thing. Well you people are insane
I hope so!
Screw that noise
America needs a Pinochet
No it needs a Thomas Jefferson.
@@ShellshockDM187 Thomas Jefferson overthrew the American government and gave you the constitution
@@ShellshockDM187 After a Pinochet restores the republic because that's the only way it will happen
@@ShellshockDM187
If you widdled him down to the gems lol
“It wasn’t real capitalism!”
State capitalism ≠ Free Market Capitalism
Correct: Corporatism. When you take away the voluntary, you ain't in capitalism anymore.
@@LG-pt5ktYeah and the USSR was never Communist because Communism is a stateless ideology.
You Libertarians have zero fucking spine to face reality, you're even worse than the Communists.
MF providing economic insight.
helicopter rides for marxists.
eliminate the dictator takeover and it's a heartwarming story.
i mean the natural state for government is dictatorship
aw they shadowbanned your reply
More heartwarming than another Holodomor.
What if he did? Hayek supported Pinochet too. Sometimes positive changes require brutal methods You libertarians need to wake tf up!
Fascist
Plenty of us have, Read Hoppe, Democracy the God That Failed. It's quite obvious to most of us that Democracy will never lead to a society that values freedom and individual liberty, quite the contrary actually.
Libertarians are no different than communists in their ignorance of human nature.
@@kingfish2703 Yes and?
@@thekey1175 follow your leader
someone who knows what they’re talking about!
You mean someone who who confirms your narrow ideology what you need to believe.
FINALLY!!
How relevant is this video to anything at all? So now even "Reason" is joining the witch-hunting left. SMH
What are you talking about? Is he not completely exonerated in this interview?
Oh boy some inconvenient history that you would like to be forgotten huh?
Oh sorry as long as there's living families of those who were brutally tortured raped and executed this history won't go away no matter how much you like.
Ecuador's elected president (probably for life) Rafael Correa studied under Friedman and it's one of the few south american governments that hasn't been destroyed by socialist ideas is the last two decades. (To my knowledge, I was there when he was elected and have kept a side eye on it since.)
Was that milton friedman or danny devito
audio problem. turn it up
No he didn’t. He told them to empirics capitalism and reject communism.
"communism", what's basically country saying we don't want to be under colonial rule we want to forge our own path and be an independent country.
That's what "communism" was
Pinochet always reject communism
He was right wing dictators don't confused him with Castro who was Leftwing dictator
You people are monsters 🤣
War crimes
17 minutes ago