COMMENT: Military dictatorship and free-market economics in Chile – Sorting out propaganda from reality [Jeff Weintraub/Paul Krugman]

It should be too obvious to need emphasizing, but apparently it isn’t, that although the capitalist market economy and democracy are certainly compatible, and may even be mutually supportive in various ways, they are not the same thing. Indeed, along with their (potential) compatibility, both theoretical analysis and actual history show that there is also an inherent and inescapable tension between them.

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