Wednesday, 25 April 2018

Incentives matter: the Mr Market LOOOOOVES death squads

In 1970, Chile elected Salvador Allende, a socialist, to office; he instituted sweeping reforms aimed at ending the corrupt rule of a small, monied, brutal elite; in 1973, the dictator Augusto Pinochet led a US-backed military coup that involved horrific torture and mass executions of political enemies. (more…)