(no subject)
I think this is about it, but I'm not positive. If i have missed anything, i'd love it if you could inform me :P
with THAT being said, i give you (the gothic of the group) the study notes for this test tomorrow...
What did Friedman recommend governments everywhere do? And provide examples
first governments must remove all rules and regulations standing in the way of the accumulation of profits.
second, they should sell off any assets they pwn that corperations could be running at a profit.
third they should dramatically cut back funding of social programs
taxes, when they exist, should be low, and rich and poor should be taxed at the same flat rate.
corperations should be free to sell their products anywhere in the world, and governments should make no effort to protect local industries or local ownership
all prices, including the price of labour, should be determined by the market. there should be no minimum wage.
for privatization, friedman offered up healthcare, the post office, education, retirement pensions, even national parks
in short, any protection workers had, any services the state now provided, should be CANCELLED
Who were the Chicago boys? What role did they play in the coup d'etat in Chile?
any chilean student who either went to the chicago school, or it's unnoficial satellite schools (schools in chile where students of the original chicago school taught classes identical to the original school) were called los chicago boys. in these schools, chilean students were taught by americans that the economy of chile was backwards.
the point of admitting chileans to the chicago school was to basically assimilate the minds of those in chile and latin america to grow in the American way, as opposed to climbing out of poverty through communism, stallinism, etc, by "raining a generation of students "who would become the intellectual leaders of economic affairs in chile"
in the end, it didn't work. Chilean natives wanted companies like mines and telephones placed in the power of the state. the Chile project was an "expensive bust".
Allende, a man with a plan to place a number of American-owned business back in possession of the state (Chile) was voted into power. A number of American companies decided that he was a danger to their bottom line, and therefore went about a plan to have him removed from power. All this plotting was made possible by the election of Richard Nixon, who was considered to have "an imaginative, and on the whole effective, foreign pollicy".
these companies stopped american banks from loaning money to chile, tried to "put the squeeze" on the government and its activities, and even tried to anger the Chilean military by influencing dissent, to hopefully lead to a military revolt, a coup d'etat.
What was "the brick"?
the brick was a five hundred page "bible" made by los chicago boys-a detailed economic program that would guide the junta (military gov't) from its earliest days. 8 of the ten principal authors of the Brick had studied economics in the university of chicago.
with THAT being said, i give you (the gothic of the group) the study notes for this test tomorrow...
What did Friedman recommend governments everywhere do? And provide examples
first governments must remove all rules and regulations standing in the way of the accumulation of profits.
second, they should sell off any assets they pwn that corperations could be running at a profit.
third they should dramatically cut back funding of social programs
taxes, when they exist, should be low, and rich and poor should be taxed at the same flat rate.
corperations should be free to sell their products anywhere in the world, and governments should make no effort to protect local industries or local ownership
all prices, including the price of labour, should be determined by the market. there should be no minimum wage.
for privatization, friedman offered up healthcare, the post office, education, retirement pensions, even national parks
in short, any protection workers had, any services the state now provided, should be CANCELLED
Who were the Chicago boys? What role did they play in the coup d'etat in Chile?
any chilean student who either went to the chicago school, or it's unnoficial satellite schools (schools in chile where students of the original chicago school taught classes identical to the original school) were called los chicago boys. in these schools, chilean students were taught by americans that the economy of chile was backwards.
the point of admitting chileans to the chicago school was to basically assimilate the minds of those in chile and latin america to grow in the American way, as opposed to climbing out of poverty through communism, stallinism, etc, by "raining a generation of students "who would become the intellectual leaders of economic affairs in chile"
in the end, it didn't work. Chilean natives wanted companies like mines and telephones placed in the power of the state. the Chile project was an "expensive bust".
Allende, a man with a plan to place a number of American-owned business back in possession of the state (Chile) was voted into power. A number of American companies decided that he was a danger to their bottom line, and therefore went about a plan to have him removed from power. All this plotting was made possible by the election of Richard Nixon, who was considered to have "an imaginative, and on the whole effective, foreign pollicy".
these companies stopped american banks from loaning money to chile, tried to "put the squeeze" on the government and its activities, and even tried to anger the Chilean military by influencing dissent, to hopefully lead to a military revolt, a coup d'etat.
What was "the brick"?
the brick was a five hundred page "bible" made by los chicago boys-a detailed economic program that would guide the junta (military gov't) from its earliest days. 8 of the ten principal authors of the Brick had studied economics in the university of chicago.