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Tanya Rawal-Jindia — Ricardo Hausmann Is Taking Milton Friedman’s Lessons to Venezuela

Summary:
Will Venezuela become Pinochet's Chile redux? Is there a link running through neoliberalism, neoconservative, neo-imperialism, and neocolonialism that begins with the assumption that economic liberalism is the basis of liberalism and the so-called liberal order? Hausmann has been referred to as the informal mentor to Juan Guiadó. Indirect might be a better word to describe the mentorship, as there is a middleman between Hausmann and Guiadó: Leopoldo López, the leader of Popular Will. It is through Hausmann’s mentorship of López (who brought Guiadó under his wing and “plotted” his rise to lead the coup) that Hausmann’s plans are now coming to action. And, as with Milton Friedman in his time, the relationship between López and Hausmann gives us further insight into the use of academic

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Will Venezuela become Pinochet's Chile redux? Is there a link running through neoliberalism, neoconservative, neo-imperialism, and neocolonialism that begins with the assumption that economic liberalism is the basis of liberalism and the so-called liberal order?
Hausmann has been referred to as the informal mentor to Juan Guiadó. Indirect might be a better word to describe the mentorship, as there is a middleman between Hausmann and Guiadó: Leopoldo López, the leader of Popular Will. It is through Hausmann’s mentorship of López (who brought Guiadó under his wing and “plotted” his rise to lead the coup) that Hausmann’s plans are now coming to action. And, as with Milton Friedman in his time, the relationship between López and Hausmann gives us further insight into the use of academic capital to assert its will and, in turn, gain power....
It is this ongoing attempt to bring Venezuela to its knees through the strategic use of highbrow higher education and the formal education of economists that conjures up memories of Friedman’s role with Chile. Friedman was able to successfully implement a neoliberal system in Chile by way of Chilean economist Sergio de Castro—whom Friedman trained in a way that Hausmann’s training of López echoes.
Both López and de Castro were indoctrinated with ideas rooted in Milton Friedman’s 1962 manifesto Capitalism and Freedom, where he states:
“The kind of economic organization that provides economic freedom directly, namely, competitive capitalism, also promotes political freedom because it separates economic power from political power and in this way enables the one to offset the other.”...
Is there a link running through neoliberalism, neoconservative, neo-imperialism, and neocolonialism that begins with the assumption that economic liberalism is the basis of liberalism and the so-called liberal order? Sure sounds like it.
It is this tricky and somewhat contradictory sentence that people across the globe have been duped into believing—that if we have absolute freedom in the marketplace, we will, therefore, have absolute political freedom. Milton carried on with selling the idea that political freedom and economic freedom were somehow separate, but he did so only by intertwining the two. Somehow, divesting the people of public space—everything from schools to forests—for the sake of privatization was not considered a violation of political freedom. And the fact that individuals would be sharing their freedoms with corporations, in addition to the general lack of equity and capital shared by most individuals, got lost in his rhetoric....
Common Dreams
Ricardo Hausmann Is Taking Milton Friedman’s Lessons to Venezuela
Tanya Rawal-Jindia
ht Jonathan Larson at real economics
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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