Libertarian Economic Experiments.
Part of the "Critiques of Libertarianism" site.
Last updated 05/30/09.
Chile and New Zealand are often cited by libertarians as sites
of successful libertarian economic reform. They tend to cite
a few "benefits", but there are many downsides....
A Google search of "libertarian" and "somalia"
also finds many
libertarians praising the anarchy in Somalia. Go figure.
Tinker Bell, Pinochet and The Fairy Tale Miracle of Chile
Greg Palast points out that Chile's success was
due to Keynesian policy and socialist measures such as the nationalized
copper industry and agrarian reform, not neoliberalism.
Chile, capitalism and liberty for the rich.
Iain MacSaorsa debunks libertarian claims of great benefits to Chile.
New Zealand Today - An Alternative View
Life In The Economic Test-Tube:
New Zealand "experiment" a colossal failure.
Two brief articles based on Jane Kelsey's books "Rolling Back the State:
Privatisation of Power in Aotearoa/New Zealand" and "Economic
Fundamentalism: The New Zealand Experiment - A World Model for
Old wine in new bottles: A bitter taste.
Noam Chomsky describes Jane Kelsey's "The New Zealand Experiment"
(which was critical of privatizations) in its historical context.
He discerns recurrent patterns of "reform" inflicted on the helpless
for the private benefit of the "reformers", and classifies Kelsey as
a fellow observer. Part of the
Symposium on "The New Zealand Experiment"
published in the
Electronic Journal of Radical Organisation Theory.
New Zealand's Vaunted Privatization Push Devastated The Country, Rather Than Saving It.
New Zealand was the site of a neoliberal/libertarian policy triumph,
which Murray Dobbin describes as catastrophic.
Lessons Of Chile's Voucher Reform Movement
Professor Martin Camoy of Stanford points out that real voucher
reforms have failed to improve test scores, and have widened the
gap between privileged and underprivileged. From
Libertarianism and Poverty
Dennis Loo makes the case that libertarians claims about poverty fail on
moral, econometric, and historical grounds. From
The Ethical Spectacle
Free market reform in New Zealand: an Australian perspective (PDF)
The foremost market liberalization experiment has failed badly. John
Quiggin surveys the excuses and possible reasons.
The 'freest economies in the world'.
John Berthelsen of the
points out that the Cato Institute's 'economic freedom' index seems to
have no idea of the reality of government intervention and market
oligopoly in Hong Kong and Singapore.
Castles In The Sea: A Survey of Artificial Islands and Floating Utopias
James Lee surveys a number of historical and planned artificial utopias,
including some libertarian ones.
Democracy For $ale: Libertarian Paradise
Jack Miller points out that Somalia has all the features a libertarian
Goodbye Washington Consensus, Hello Washington Confusion?
Dani Rodrik, of Harvard University, points out that the neoliberal
prescription of free markets, privatization, and non-interference
has been a great failure for developing nations. India and China have
done vastly better with their own prescriptions.
The links here are to
Amazon.com, through their associates program, primarily because of the
review information. Books without links are generally out of print,
and can often be easily found at
AddAll Used and Out Of Print Search.
Good sites for bargain shopping for sometimes expensive new books are
Online Bookstore Price Comparison
AddAll Book Search and Price Comparison.
Both of those list applicable coupons. Another is
"Rolling Back the State: Privatisation of Power in Aotearoa/New Zealand"
Paul & Co Publishing Consortium 1996. And
"Economic Fundamentalism: The New Zealand Experiment - A World Model for Structural Adjustment?"
Pluto Press 1996.
Two books that detail the unhappy consequences of a real-world libertarian
"Everything for Sale: The Virtues and Limits of Markets"
Why mixed economies would outperform pure markets. Essential for countering
libertarian economic arguments.
"Not So Free To Choose"
An extensive criticism of Milton Friedman's economic and social philosophy.
Copyright 2007 by Mike Huben ( firstname.lastname@example.org ).
This document may be freely distributed for non-commercial purposes if it is reproduced in its textual entirety, with this notice intact.