Reagan encouraging the Portuguese government in their recent move away from socialism. He outlines the keys to true and successful democracy.
Background from Wikipedia Portugal article: “Portugal bounced between socialism and adherence to the neoliberal model. Land reform and nationalizations were enforced; the Portuguese Constitution (approved in 1976) was rewritten in order to accommodate socialist and communist principles. Until the constitutional revisions of 1982 and 1989, the constitution was a highly charged ideological document with numerous references to socialism, the rights of workers, and the desirability of a socialist economy. Portugal's economic situation after its transition to democracy, obliged the government to pursue International Monetary Fund (IMF)-monitored stabilization programs in 1977–78 and 1983–85.”
