Tag Archives: chile

By Thomas PalleySeptember 11, 2023, marks the fiftieth anniversary of General Pinochet’s military coup against Chilean President Salvador Allende. While it is now widely recognized that Pinochet authorized large-scale human rights abuses, there is an accompanying narrative that he also unleashed an economic miracle via embrace of Milton Friedman’s “Chicago Boys” vision of a market economy.The “Pinochet economic miracle” narrative is profoundly misleading. Worse yet, it is a political menace...

[embedded content]Video of the lecture by Michael Lazzara and Esteban Pérez Caldentey, part of the seminar on Memories of Neoliberalism at Bucknell University.

After completing an “emergency mission” in Chile, European Parliament Members Miguel Urban and Idoia Villanueva on Wednesday reported that this South American country suffers repression levels similar to those seen in the last three years of the Augusto Pinochet’s dictatorship (1973-1990). Besides preparing a mission report, the leftist MEPs wrote an open letter adressing Federica Mogherini, the European Union (EU) High Representative for Foreign Affairs and Security Policy. They ask that...

It is not common for an OECD county to shoot and kill 16 people in two days of socially motivated riots. (Perhaps only Turkey, in its unending wars against the Kurdish guerilla, comes close to that level of violence.) This is however what Chilean government, the poster child of neoliberalism and transition to democracy, did last week in the beginning of protests that do not show the signs of subsiding despite cosmetic reforms proposed by President Sebastian Piñera.The fall from grace of...

More than 46 years of initially military imposed neoliberalism has finally exploded into widespread frustration, protest and violence. This neoliberalism culminated in 2017 with twelve businessmen, among them Chilean President Sebastián Piñera, monopolizing at least 17% of the national GDP, demonstrating the huge gap in wealth equity. There is little doubt why the latest protests have exploded violently, with 18 dead so far – Piñera had declared war on his own people to protect his...

The signals of unrest in Chile mounted for years amid corruption scandals, rising inequality, and new monopolies. The tax increase on public transport that sparked the protests was only the final straw. ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of BusinessHow Economic Concentration and Crony Capitalism Led to the Chaos in ChileDaniel Matamala | Host of 360 and CNN Prime at CNN Chile

The Empire at work. Is history about to repeat?Al Jazzera — OpinionVenezuela is about to explode Matias Vernengo | Associate Professor of Economics, Bucknell UniversitySee alsoNaked KeynesianismLula da Silva is a political prisoner. Free Lula!Matias Vernengo | Associate Professor of Economics, Bucknell University

Guest post by Jeff Mosenkis of Innovations for Poverty Action. This week’s Freakonomics episode, titled “Everything You Always Wanted to Know About Money (But Were Afraid to Ask)” (Apple podcasts) features an all-star cast of Jack Bogle on not trying to beat the market, Annamaria Lusardi on teaching basic financial tips to NFL players, and Harold Pollack on his index card of financial heuristics. Readers of this blog are all financial whizzes but, you know, for your friends and stuff....