Dr. Rainer Zitelmann is a German historian, sociologist, and the author of several books including, most recently, “How Nations Escape Poverty: Vietnam, Poland, and the Origins of Prosperity.” Why do certain countries that previously suffered under totalitarian regimes emerge stronger, economically, than others? What factors contribute to a nation’s financial success? And what holds it back? Economic growth, which comes from free market capitalism. Some countries emerging from totalitarian rule succeed and others languish? Like Poland, from Socialism to Prosperity. For 3 decades now Poland has been the economic champion of Europe. They started small, with private property rights, opened teh economy, welcomed foreign investors, had to solve problems like 100% inflation and huge debt. Because of the problems, when you start with free market reforms, things become worse, before they get better. For example, hidden unemployment becomes open unemployment. Communist countries always had 0% unemployment, but the reality was always different. With Socialism, no freedom of the press so everything in the media says everything was great. GDP declined for the first 2 years, just like they did in UK under Thatcher before they turned around.

Not only did the economic system change, but also the political system as new parties came in.

These reforms work. Argentina and other need to try them to fix their problems.

Watch the 5 minute Video From EPOCH TV: