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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