Saturday, November 22, 2008

"The theories of Milton Freidman gave him the Nobel Prize; they gave Chile General Pinochet."

Undeterred, Pinochet's economic team went into more experimental territory, introducing Freidman's most vanguard policies; the public school system was replaced by vouchers and charter schools, health care became pay-as-you-go, and kindergartens and cemeteries were privatized. Most radical of all, they privatized Chile's social security system. Jose Pinera, who brought in the program, said he got the idea from reading Capitalism and Freedom. George W. Bush's administration is usually credited with pioneering "the ownership society," but in fact it was Pinochet's government, thirty years earlier, that first introduced "a nation of owners." - The Shock Doctrine - Naomi Klein

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