Milton Friedman and the economics of empire – The road from serfdom

The friendly visit of Milton Friedman, the idol of Chicago Boys, to Pinochet was far beyond an isolated episode. The University of Chicago has already started, with state subsidies, the education of market fanatic economic cadres for Latin America as early as in the 50s. With the help of these cadres Pinochet's Chile became the first exemplar of the neoliberal model, from that Reagan's counter-revolution also gained inspiration. Friedman and other neoconservative theorists sought to give a new meaning to the idea of freedom and by this securing respect to the dictatorship of free markets.