The Week in Review: August 13, 2016

by Mises Institute

This week the world’s attention turned to Rio this week with Brazil’s Olympics games. As the biggest corporatist scam of all time, these games have cost the Brazilian people $12 billion dollars, most of it going to the pockets of the politically well connected. Hopefully the obvious injustice will help spur more Brazilians to follow Rothbard’s example and learn to hate the state. Like their neighbor Venezuela, the Brazilian people will have to choose between capitalism or chaos. Luckily the growing success of Austrian economics in the country still offers it the chance to finally live up to the hype of being “the country of the future.”

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