The closest we've ever come in recent centuries to controlled political experiments: North vs. South Korea, 1950s-today East vs. West Germany, 1945-1989 Venezuela vs. Chile, 1973-today
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China is far more controlled political than Venezuela. I definitely don't agree with authoritarianism of any kind, but this is just cherry picking.
Chile, not China. Chile and Venezuela are culturally similar countries that both went through bouts of authoritarianism during this period, but for most of the period those authorities enforced very different economic systems (capitalism vs. socialism).
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Nick, are you familiar with the Unidad de Fomento (UF) unit of account adjusted to inflation that has been implemented in Chile since the late 60s?
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Chile and Venezuela are the opposite culturally. Venezuela from 1973 was capitalist with free market: 70's, 80's, 90's was governed by Rafael Caldera and Juan Andrés Pérez with high levels of corruption and violence!! Pinochet from Chile was directed by Kissinger and the CIA.
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Well, in Venezuela's case there is no more socialism, now it's a tyranny.
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I know you typed Chile. But I meant that China is an authoritarian government and achieved impressive things, like putting 500 million people out of poverty in the past decade.
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Sure, but authoritarianism is not the difference in these experiments.
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The ruling party of Venezuela is socialist. Their economy is not. It has: -A lower public sector than Norway, Denmark and China -private health care -Big multinationals like Empresas Polar -A top marginal income tax rate of 34% -25% of GDP is taxes, less than U.S
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Venezuela didn't have a dictatorship in the 60s, unlike every other Latin American country around it. There are no analogies between Ven and Chi except 'Spanish language'.
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Beyond, language, same continent and both with economies based in non renewable natural resources: oil and copper.
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There si no such thing as a perfect controlled experiment in social science, it doesn't mean that we can't learn from comparing countries that started under similar circumstances and ended with extremely different results after choosing a development path.
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These two (Ven & Chile) did not start under remotely similar circumstances. Panama and Colombia yes...used to be a single country. The other examples as well. The choice of this contrast is polemics, no more.
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