OnTheIssuesLogo

Milton Friedman on Foreign Policy

Libertarian Economist

 


1975: Persuaded Pinochet's Chile to adopt market capitalism

In March 1975, economist Milton Friedman accepted an invitation to Chile to meet with Augusto Pinochet, who some 18 months before had toppled the democratically elected government of Salvador Allende. Friedman was criticized in the American press for making the trip, but there is no reason to suppose he approved of Pinochet. Friedman went to Chile to urge Pinochet's junta to adopt free-market capitalism--to trim the business regulations and welfare state that had grown under Chile's many years of democratic government and to open itself to trade and investment with the rest of the world. In a series of lectures he delivered in Chile, Friedman reiterated his long-held belief that free markets were a necessary precondition to political freedom and sustainable democracy. Pinochet took Friedman's free-market advice, but Pinochet's brutal dictatorship lasted another 15 years.
Source: Supercapitalism, by Robert Reich, p. 3 , Sep 9, 2008

  • Click here for definitions & background information on Foreign Policy.
  • Click here for a profile of Milton Friedman.
  • Click here for VoteMatch responses by Milton Friedman.
  • Click here for AmericansElect.org quiz by Milton Friedman.
Other pundits on Foreign Policy: Milton Friedman on other issues:


Opinion Leaders on the Right:
Cato Institute
Milton Friedman (Nobel Economist)
Rush Limbaugh (Radio Talk Show Host)
Ayn Rand (Author and Philosopher)
Heritage Foundation (Think Tank)
Libertarian Party
Republican Party
Ronald Reagan(President,1981-1989)
Joe Scarborough (Former Congressman; Radio Host)

Opinion Leaders on the Left:
American Civil Liberties Union
Democratic Party
Noam Chomsky (Author and Philosopher)
Green Party
Arianna Huffington (Internet Columnist)
Robert Reich (Professor and Columnist)
Howard Schultz (CEO of Starbucks)
John F. Kennedy(President,1961-1963)
Sierra Club 		Abortion
Budget/Economy
Civil Rights
Corporations
Crime
Drugs
Education
Energy/Oil
Environment
Families/Children
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Immigration
Infrastructure/Technology
Jobs
Principles/Values
Social Security
Tax Reform
War/Iraq/Mideast
Welfare/Poverty





Page last updated: Apr 30, 2021