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How Cronyism and Corruption Created a Libertarian Moment in Brazil

The libertarian moment might as well be the real deal in South America. But things didn’t change overnight.

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The Libertarian Moment Is Not Over

In August 2014, The New York Times pointed to the rise of Rand Paul as a potential signal that the long-awaited “libertarian moment” had finally arrived. Now that the Kentucky senator has dropped out of the presidential race, we can expect the naysayers to come out of the woodwork, declaring triumphantly that such a moment—if it ever existed—is definitively over. To them, I say, “Not so fast.”