From 1980 to 2023 South America per captia income progresses… except one…
Argentina has been leading the way from socialism to capitalism thanks to Javier Meile’s election last year.
Any clue why Venezuela might not be experiencing GDP growth the past 30-some-odd years?
Capitalism is a winner.
True capitalism, not crony capitalism.
Adam Smith’s “invisible hand” is a metaphor describing how, in a free market, individuals pursuing their own self-interest can unintentionally benefit society as a whole. This occurs through the mechanisms of competition and supply and demand, where individuals acting in their own best interests can lead to efficient resource allocation and economic prosperity.
Capitalism.
Musical bonus: https://www.youtube.com/watch?v=6iqoBN6Rw78
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