Jamal Awil

← The Morals of the Market

Neither Hayek nor Friedman were detached observers of this 'miracle'. [fact]

This combination of vivid description of individual cases with legal analysis would ultimately become central to a new wave of international NGO-led human rights activism that looked dramatically different to postcolonial demands for self-determination and economic sovereignty. This new human rights activism had little impact on Hayek, who travelled to Chile and declared the dictatorial regime 'an example at the global level'. Hayek's fellow Mont Pèlerin Society member, the Chicago School economist Milton Friedman, later echoed this assessment, describing Chile as an economic and political 'miracle'. Neither Hayek nor Friedman were detached observers of this 'miracle'. Both men gave advice to Pinochet, and both had disciples in his authoritarian regime – Friedman among the Chicago-trained técnicos (or 'Chicago Boys'), who formulated the regime's economic 'shock' programme, and Hayek among the conservative Catholic gremialistas, who produced an institutional order to protect the economy from political challenge. These two civilian elite factions were to define the economic and political orientation of Pinochet's regime.

Jessica Whyte, The Morals of the Market, loc. 305