August 6, 2014 Print

In his article, published last week by Chile’s Diario Financiero, Axel Kaiser from Fundación para el Progreso uses Chile as an example to explain the choice that countries now face between democracy and statism. He warns that countries can either trust in free markets or give into rent-seeking politics and the perils of catering to small interest groups. Politicians, he claims, “have once more bought into the anti-democratic logic that turns that state into a looter through which everybody endeavors to live at the expense of everybody else.” For Kaiser, it remains clear that there are two fundamental requirements for the existence of a democracy: solid economic growth and liberty, both economic and civil. Within that context fits the protection of private property, the existence of sound money, and limited regulations, all necessary if countries wish to “develop to their full potential and avoid the cancer that is populism.” To read the article in it’s entirety, click here.