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by nationcrafting
4586 days ago
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Chile is in the top-10 freest countries in the world right now, alongside Switzerland, Hong Kong, Singapore and other economic successes. Taxes are low, and there are huge incentives for people to start their own businesses. You can register a new business in 3 days, and registering trademarks is one of simplest processes in the world. This is in very sharp contrast to Argentina. Yes, copper is selling very well, and it takes up a large proportion of the country's exports, but you are mistaken to think that this is the driving cause of the country's increase in wealth over the last 20 years. The increase in wealth comes from the fact that incentives now exist for people to create wealth. Where wealth is created, there is more wealth. It's the same principle we have seen working throughout history. |
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