Quote:
Originally Posted by Haech
Well there are some econometric data that indicates that privatization worked for liberal economies like Hong Kong and Singapore and the South American Miracles. I can't recall the exact source, but several minutes on wikipedia should do the trick. I'm as liberal inclined as the next person, but there are justifications for privatizing and using markets as tools. This view is well articulated by the works of Milton Friedman.
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I doubt that you can get convincing results on that issue though econometrics, but just from commonsense privatization and letting budget free from burden of subsidizing caused intensive economic growth. Tatcher era is a good example of this.
