The Roots of Chile’s Malaise
SANTIAGO – Margaret Thatcher famously once said that “there is no such thing as society.” Today, the people of Chile are showing just how wrong she was.
For more than a year, young Chileans have been taking to the streets to protest. Many foreign observers have declared themselves surprised. Why would the citizens of a successful emerging country be so upset? What could they be upset about?
Chile’s student-led protest movement has generated much re-thinking within the country. Intellectuals of the old left, pointing to persistently high income inequality, have argued that the economic gains made in the 22 years since the return of democracy were more illusory than real. In this view, Chile’s economic model has failed its citizens and is in the process of “collapsing.”
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