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Building Capitalism in Iraq

The Knowledge Problem makes a good point:

Why has this administration said so little publicly about the development of capitalism, not merely democracy, in Iraq? Vernon [Smith] said that it's probably because we don't know how to "build" a market, and certainly Hayek and other Austrians would agree.

If the neocons are going to argue for aggressively promoting our values while toppling totalitarian regimes, they better figure out how to do it.

Posted on November 25, 2004 at 04:27 PM | Permalink

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