Chile’s former military dictator General Augusto Pinochet died Sunday at the age of 91. Cinderella’s Fairy Godmother, Tinker Bell and General Augusto Pinochet had much in common.
All three performed magical good deeds. In the case of Pinochet, he was universally credited with the Miracle of Chile, the wildly successful experiment in free markets, privatization, de-regulation and union-free economic expansion whose laissez-faire seeds spread from Valparaiso to Virginia.
All three performed magical good deeds. In the case of Pinochet, he was universally credited with the Miracle of Chile, the wildly successful experiment in free markets, privatization, de-regulation and union-free economic expansion whose laissez-faire seeds spread from Valparaiso to Virginia.
But Cinderella’s pumpkin did not really turn into a coach. The Miracle of Chile, too, was just another fairy tale. The claim that General Pinochet begat an economic powerhouse was one of those utterances whose truth rested entirely on its repetition.
Chile could boast some economic success. But that was the work of Salvador Allende - who saved his nation, miraculously, a decade after his death.
Please continue ...
Chile could boast some economic success. But that was the work of Salvador Allende - who saved his nation, miraculously, a decade after his death.
Please continue ...