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“…there is no clear relationship between a country’s economic freedom and its political freedom. A lot of dictatorships have had very free market policies, while a lot of democracy, such as the Scandinavian countries, have low economic freedom due to high taxes and plenty of regulations. In fact, many believers in the individualist view would rather sacrifice political freedom to defend economic freedom (this is why Hayek praise the Pinochet dictatorship in Chile).”
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