Tuesday, November 5, 2019

Chilean Capitalism on Trial Market policies have been successful. So why are people taking to the streets?

By Mary Anastasia O’Grady. Excerpts:
[Chile] "has seen the poverty rate fall below 9%, down from 68% in 1990. Income inequality has also been coming down."

"The central government already subsidizes nearly half the public transportation fare in Santiago. What’s more, student fares didn’t go up. The independent commission charged with setting the prices announced an increase of 3.75% for peak riders on the metro; off-peak fares were reduced."

"Even as the country has grown richer than any of its neighbors by defending private property, competition and the rule of law, Chileans marinate in anticapitalist propaganda. The millennials who poured into the streets to promote class warfare reflect that influence."

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