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Fall 2009
ISSN 0890-913X
Volume 25, Number 1

Principled Engagement in an Imperfect World

José Piñera, CATO Institute
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TheJournalofPrivateEnterprise25(1),2009,1-4PrincipledEngagementinanImperfectWorldJoséPiñeraCatoInstituteInternationalCenterforPensionReformAbstractInLatinAmerica,asinmostpartsoftheworldtoday,thoseofuswhowanttocreateabetterworldmustbewillingtoengageanimperfectworld.Buttobesuccessfulinthatdifficultquestwehavetogoarmedwithstrongprinciplestoeducateabouttheidealsofafreemarketeconomy,limiteddemocracy,andtheruleoflaw.Yourgenerousrecognitionwillhelpmeinthisdifficultcause,onethatIdefineasaprincipledengagementinanimperfectworld.JELCode:O10Keyword:EconomicfreedomJosePiñerapresentedtheseinformalremarksafterreceivingthe2009AdamSmithAwardfromAPEEatadinnerattheUniversidadFranciscoMarroquín,CiudaddeGuatemala,April5,2009.IamhonoredtoreceivetodaythisAdamSmithAwardfromtheAssociationofPrivateEnterpriseEducationandmovedbythegenerousintroductionofmyfriendRobertoSalinas.IhavebeenaskedtospeakaboutthechallengesfacingLatinAmerica,soallowmetonowintroducethesubject,emphasizingtheconceptualframeworkthatinspiresmyworldwidefightforliberty.TheChileanRevolution,theradicaldashforfreemarketsandlimitedgovernment,wassuccessfullycompletedunderextremelydifficultinternalandexternalcircumstancesinthe1970sand1980s.Asyouknow,thosereforms,oncematuredandlegitimatedbyfivegovernmentsofdifferentpoliticalperspectives,haveplacedChileasnumbersixineconomicfreedomintheFraserInstitutes2008WorldReport,twoplacesabovetheUnitedStates.Overthelasttwocenturies,thepoliticalandeconomichistoryofLatinAmericahasbeenindirectcontrastwiththatoftheUnitedStates.ItiswellknownthattheNewWorldwasbornatalmostthe1
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