[tsimionescu]

You're disregarding the negative examples. Free markets have been tried and failed in Argentina, Russia, and to various degrees everywhere in most former 'communist' countries - they quickly turned into cleptocracy and corruption. China showed that you can get very wealthy without rule of law and without liberal democracy, and with massive government intervention in the market (but not with a planned economy).

In my own country, free markets only started bringing prosperity after getting at least some semblance of liberal democracy and rule of law - before that, in the absence of a strong state, it was a very literal robber barons' paradise.

[tptacek]

I think this is why Rayiner said the blueprint was "free markets, rule of law, liberal democracy", not "free markets" by themselves.

[ekiru]

Rayiner's own positive examples did not fulfill that blueprint, either, with the exception, I think, of Japan.