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Anorak | The Wall Street Journal thinks Egypt needs a General Pinochet

The Wall Street Journal thinks Egypt needs a General Pinochet

by | 8th, July 2013

n this 1974 file photo, Chilean dictator Gen. Augusto Pinochet speaks at an informal press conference in Santiago, Chile. Newly declassified U.S. documents indicate that Pinochet planned to use violence to annul the referendum that ended his brutal regime in 1988. The formerly secret documents posted by the independent U.S. National Security Archive on Friday, Feb. 22, 2013 showed U.S. officials warning Chilean leaders against violence if Pinochet tried to use force to stay in power if people voted against eight more years of his rule. They also show U.S. officials and agencies backed the anti-Pinochet campaign portrayed in the Oscar-nominated film "No," even though the U.S. government also had tried to undermine the socialist government Pinochet had overthrown. (AP Photo, File)

THE Wall Street Journal thinks Egypt needs a General Pinochet

And this has predictably outraged just about everyone else :

Egyptians would be lucky if their new ruling generals turn out to be in the mold of Chile’s Augusto Pinochet, who took over power amid chaos but hired free-market reformers and midwifed a transition to democracy.

What’s wrong with that of course is that Pinochet overthrew a democtratically elected President (Allende), tortued and murdered and then, when age caught up with him, brought back that democracy. Sorta.

What’s right with it is something more subtle and well expressed by Fraser Nelson here :

All this has been established by Hernando de Soto, a Peruvian economist who travelled to Egypt to investigate the causes of the Arab Spring. His team of researchers found that Bouazizi had inspired 60 similar cases of self-immolation, including five in Egypt, almost all of which had been overlooked by the press. The narrative of a 1989-style revolution in hope of regime change seemed so compelling to foreigners that there was little appetite for further explanation. But de Soto’s team tracked down those who survived their suicide attempts, and the bereaved families. Time and again, they found the same story: this was a protest for the basic freedom to own and acquire ras el mel, or capital.

Democracy is a fine and precious thing: but so to is personal and economic freedom. And there are indeed times when democratically elected politicians threaten those freedoms, the other than being allowed to vote for who you want freedoms.

And at heart this is what Hayek was talking about when he

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Posted: 8th, July 2013 | In: Money, Politicians Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink