Update Now listening to Naomi Klein on Latin America. It is impossible to overstate how little she knows about Latin American economic history. One could glean a more accurate and comprehensive view of Latin American economic conditions by renting Evita.
Update II NOOOOOOOOOOOOOOOOOOOOO!!!! She just defended import substitution!
Update III Then, when Greenspan says "What works better?" she claims she's just talking about not socialism, but mixed economies, which would be compelling if it were a good description of pre-Pinochet Chile, the original topic of conversation. Also very, very hard to get import substitution going without central planning.
Update IV Now he has to explain the difference between Indonesian-style crony capitalism, and America purchasing war planes from Lockheed Martin. She does not try to reconcile her view that America purchasing equipment from private suppliers=crony capitalism, with her previously stated faith in mixed economies.
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