Sep 30, 2015

Venezuela: Without Liberals, There Is No Liberalism


The Venezuelan economy evolved from a growth miracle (1920–1957) to a growth disaster (1960 to the present). This paper describes the institutional collapse behind this reversal of fortunes. To cast light on Venezuela’s U-turn we provide a brief historical account, and we discuss the role played by educational organizations, the media and culture, and political and entrepreneurial elites in the destruction of liberal institutions. We also describe the most prominent liberal reactions to the pervasive institutional decay endured by the country. Finally, a major lesson emerges from this case study: illiberal mindsets coupled with the absence of leadership bring dire consequences for the people’s standard of living.
That is the abstract of a new article by Hugo J. Faria and Leonor Filardo in the new number of Econ Journal Watch. 

There is also this article on classical liberalism in Guatemala. 

43 comments:

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  26. Finding a genuine provider of financial instrument is very challenging but we are certified Financial Instrument providers in United Kingdom. Presently, we only focus on BG/SBLC,DTC IPIP, MT103/202 GPI CASH TRANSFER, MTN, LOAN for Lease and Sale transactions. However, our Lease BG/SBLC is 6+2% and Sale at 40+2%.

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  27. GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY/LEASE
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  28. GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY OR LEASE AT THE BEST AVAILABLE RATES
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  31. GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE.

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  32. $$Loan offer$$ Do you need an urgent loan? contact me now. Business loan and personal loans are available to be lease out to interested people. don't miss this golden opportunity to get that loan you seek. my interest rate is affordable 2% so repayment will not be your problem. Apply now. (Whats App) number:+919394133968 please contact email id : patialalegitimate515@gmail.com Mr Jeffery

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  33. Genuine provider for BG/SBLC specifically for lease, at leasing price of 4+2 of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.

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  34. GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY OR LEASE AT THE BEST AVAILABLE RATES
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  37. GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY OR LEASE AT THE BEST AVAILABLE RATES
    We offer certified and verifiable financial bank instruments via Swift Transmission from a genuine provider capable
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  41. Hello,

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    ReplyDelete
  42. DEAR SIR

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    WHATAPP NUMBER: +44 7535 963820

    Regards,

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    ReplyDelete