The failures of price controls and nationalizations have helped make traditional Latin American populism unpopular. If populism transforms itself into a program for a stronger welfare state, the results could be even worse for economic growth.
|Other Independent Review articles by Carlos Rodríguez Braun|
|Winter 2011||Bastiat as an Economist|
|Spring 2010||On Libertys Liberty|
|Summer 2008||Álvaro Flórez Estrada: Compromised Liberalism in Nineteenth-Century Spain|