Chile is in Danger of Becoming Just Another Crisis-Ridden Latin American Country

by Matheus Fialho Vieira
Mises.org

Although we Latin Americans thought Chile was immune to populism, small protests have grown into the largest ones since the nation’s re-democratization in the 90s. Initially, the protestors were groups of students complaining about a raise in the Santiago subway fare — an increase of 3.75 percent or about five US cents (which could add up to $1.15 during peak hours). They demanded that prices be held lower, and some even called for free passes.

Now, the movement has taken on a whole new character, with protestors’ complaints becoming about income inequality and a poor welfare state. Violence also entered the picture, as protestors started rioting, burning nineteen subway stations. President Sebastian Piñera then declared a state of emergency, calling in troops to restore order.

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