
In the long period, it was contended, markets, including the labour market, can be expected to work smoothly. This state, long decried by critics of the macroeconomics advocated by Chicago economists, was brought to the attention of the general public on the occasion of the recent financial markrt economic crisis. But for cultural reasons, India, China, Brazil to a certain extent, and Africa would never grow, and the only solution for these countries was to remain poor and to get some support from the Western world. This means that the best way for a government in a time of crisis would be to do nothing. QUESTION: Since you are a charming European, would you analyze what is going on now in the European Union during the crisis, where some econmy of countries, like eastern Germany, and some areas that were just added to the Union in Eastern and Central Europe are suffering more than the others, is free market economy good or bad even the large countries are becoming more nationalistic?