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|
|Spring 2017||Pride and Profit|
|Winter 2017||Piketty Misreads Austen|
|Winter 2011||Bastiat as an Economist|
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