Home > Uncategorized > 40 years on Allende’s murder is still significant

40 years on Allende’s murder is still significant

Think Left

The global community continues to experience the direct consequences of the overthrow of the democratically elected President of Chile, Salvador Allende on 9/11/1973.  With the torture and deaths of 30+k people, Chile was turned into a real-world economic experiment, implementing Chicago-style monetary plans, now known as TINA (there is no alternative) or the Washington consensus.

Neoliberals call Chile’s 1974-90 period a miracle, but it is best seen as what should have been a warning against imposing similar policies in other countries. Under what became known as the Washington Consensus the economy was subjected to totalitarian libertarian doctrine. Public enterprises were given away to the junta’s supporters with virtually no money down. The result was mass bankruptcy, economic collapse, and a polarization of wealth and political power that transformed the country that had been one of Latin America’s most stable middle-class democracies.

STANDARD SCHAEFER

Fortunately, Mrs Thatcher’s determination to repeat the…

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