@OwenJones84 @K_Niemietz GDP per capita has not more than doubled @chavezcandanga

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Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

On the decline of socialism in the Americas

The impact of neoliberalism on labour market freedom in Argentina, Brazil, Chile and Venezuela

All was quiet on the neoliberalism front in Latin America for the last 20 years. In yet another defeat for the Mont Pelerin Society led transnational conspiracy, labour market freedom has declined in the four countries in figure 1. I’ve always had my doubts about the ability of a transnational conspiracy to be led by a society with such a crappy website.

Figure 1: Index of Economic Freedom, Argentina, Brazil, Chile and Venezuela, 95 – 2015

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Source: Index of Economic Freedom 2015.

The impact of neoliberalism on economic freedom in Argentina, Brazil, Chile and Venezuela since 1995

All was quiet on the neoliberalism front in Latin America for the last 20 years. In yet another defeat for the Mont Pelerin Society led transnational conspiracy, economic freedom has been pretty stable in Chile for 20 years and in the serious decline in Venezuela and Argentina – see figure 1. Not much happening in Brazil either on the neoliberalism front – see figure 1. I’ve always had my doubts about the ability of a transnational conspiracy to be led by a society with such a crappy website.

Figure 1: Index of Economic Freedom, Argentina, Brazil, Chile and Venezuela, 95 – 2015

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Source: Index of Economic Freedom 2015.

Major sovereign bond defaults in recent history

via Defaulting Debtors.

Argentina used to be as rich as Australia and New Zealand

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Sovereign defaults are mainly a Latin American thing

Default and Lost Opportunities: A Message from Argentina for Euro-Zone Countries – Dallas Fed

via Default and Lost Opportunities: A Message from Argentina for Euro-Zone Countries – Dallas Fed.

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