1 Burst results for "Pinochet Jay"
"pinochet jay" Discussed on The Daily
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Pant in my bathtub. Her drinks are served also in the bathtub. She makes the menu that she wants wants to make. I don't have potatoes menu because you and I don't like sweet potatoes and if you don't want sweet potatoes on your menu you don't need to put sweet potatoes on your menu at MIT cooking. We want out to provide that inspiration for you to build your own menu. Shape it to your taste your cooking level and your ambition so just head on over to N. Y.. T. COOKING DOT com slash Thanksgiving and get inspired. She's coming out boy feel like I'm having a baby obviously never had a baby. I know this is not as hard as having a baby. ooh And what exactly were those economic policies that the Chicago boys were finally able to implement under Pinochet Jay so they were really the basket policies that we now know as neoliberalism. The idea was that the government was supposed to get out of the way of the free market so oh state-owned enterprises were privatized. Pension system was privatized. The education system was partially privatized. There was a real reduction in in regulations cuts in taxes it was essentially the remaking of the economy along the lines that the most influential free market economists had imagined in their research at the time. So this is a kind of extreme version of a free market economy where you remove social safety nets and allowed the market to take control exactly and these ideas were pretty prominent in a lot of parts of the world at the time Margaret Thatcher was influenced inspire them in the UK. Ronald Reagan the United States. But they didn't go. Nearly as far in implementing them the United States still had social security. The U K. You still had the national health system but in Chile instead of incremental changes are incremental reforms. They really kind of went for it. And in one thousand nine hundred eighty they wrote and imposed a new constitution and these ideas were really interwoven throughout the constitution in order to kind of lock in these reforms. And what effect do these policies have. Do they do what the Chilean government had hoped they would do. In many ways yes. Inflation was down. The economy grew and Chile became a richer country than its neighbors in Latin America. And many people saw this as as Juliet by all odds the best success story in Latin America Today Best Success Story a Latin America. They called it. The miracle of Chile Milton. Friedman was very proud of it more than willing to share in the credit for the extraordinary job that our students did down there and these policies let's see state. They were maintained by the subsequent Democratic governments. Even those that were sent her left so from the outside Chile looked looked like the Chilean miracle was continuing but it turned out that four Chileans all of that economic growth came with an asterisk and end. That Astra's was that as the years went on. It was true that the country's economy was growing but a lot of those gains accruing to the very rich middle-class lands porch lands. Were not seeing their lives improve and in fact the country's weak social safety net was making that even more difficult. So for instance instance the retirement plan after it was privatized. It took a long time before the first generation to participate in that plan started retiring in large numbers burgers and when they did in the last few years it became clear that the consequences of this plan were poverty for for a lot of chew as elderly. And I mean that in the most literal technical sense. The median payment under the private pension program is less than the poverty line for or one person in Chile that means that fifty percent of people are at that or less and the minimum payment the payment that the government will guarantee not as long as you have paid into the system for twenty years which is a big if is even lower works out to about one hundred thirty. US dollars a month which is just not enough money to get you very far in Chile. So this idea that by privatizing these systems you're letting the market take care of what the government cannot that has really not panned out. That's right and so. When the current President Sebastian Theon Pierra who has continued to really embrace these right wing? Neoliberal economic policies announced that they were raising the metro fares. I by thirty pesos. Four cents that felt to a lot of people like the final Straw. The last thing that it just confirmed to them that the government didn't have their interests at heart. It might have stopped there. You had the president not taken the step of calling the military out into the streets because that was what really confirmed for a lot of Chileans that as a common chant and you know slogan of the protests said. It's not thirty pesos. It's thirty years that made a lot of people feel like they were not just protesting the metro hike. They were not protesting the specifics of retirement policy. They were protesting thirty years in which they felt that they had still been kind of trapped under the shadow of the dictatorship because its policies policies. Were still reaching out and affecting their lives.