On Friedman, Hayek, Chile
by Stephen Schwartz
I note that Adam Tooze in his review of Samuelson Friedman: The Battle Over the Free Market has opted to deride Milton Friedman for his associations with Friedrich Hayek and with the alleged "politicking" of the Mont Pelerin Society ("Battle of the giants", Life & Arts, FT Weekend, October 16).
I was honoured to speak at the Mont Pelerin Society in 1987 on the future of the Latin American left. My guest discussants were the very distinguished intellectual Hilton Kramer and the querulous publisher Irving Louis Horowitz.
Tooze repeats the usual perfunctory comments about Friedman and Pinochet in Chile, without noting that the market policies promoted in that country were continued by the democratically elected administrations that succeeded the military regime.
One should not underestimate the moral damage inflicted by the military leaders as portrayed brilliantly by the author Roberto Bolano. But neither should one discount Chile's democratic transition.
Emeritus Director, Centre for Islamic Pluralism