December 21, 2009

GIVE US BACK THE CHILE THAT PINOCHET BEQUEATHED US:

Another Test for the Chilean Model: The likely election of a center-right president in Chile is evidence that citizens are not happy with the drift away from free-market policies. (MARY ANASTASIA O'GRADY, 12/21/09, WSJ)

[L]urking just beneath the surface there may be other more powerful factors at work, not the least of which is Chile's declining productivity under four successive ConcertaciĆ³n governments, and a growing sense that for the first time in 20 years, economically speaking, life for Chileans is no longer getting better. Mr. PiƱera, who got 44% of the vote to Mr. Frei's 30% in the first round, has promised to reverse these trends.

This matters to all of Latin America. Chile is the region's poster child for success through openness, competition, sound money, limits to government and equality under the law. Should the model begin to produce mediocre results, enemies of liberty will use it to discredit freedom.


It would be a shame to waste all that the necessary fascist interval achieved.

Posted by Orrin Judd at December 21, 2009 7:04 AM
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