Chile: inequality is the name of the game

Posted on November 17, 2013


Bachelet_MattheiToday the Chileans are called to elect a new president and the odds are overwhelming in favor of Michelle Bachelet to regain the post over the rightist candidate, Evelyn Matthei.

But this doesn’t mean there’s an easy task for her to comply. There are a lot of reforms her people claims for. Inequality in the first place. While macroeconomics figures set its economy as a model at the eyes of neoliberal economists, Chile’s population shows a sense of being fed-up with the cost of it. According to the OECD, Chile has the worst inequality record among its members. In fact, among its neighbors too.

Huge demonstrations by the students in the last years (started in fact under Bachelet’s previous term) raised to the front the drama behind the steady growing of GNP and modernization: people live indebted with the banks to pay private services; from education to health to water. While copper (which count for most of its exports) has growing prices for many years, allowing Chile to engross its sovereign funds while keeping taxes low, changing prospects in China and Europe are not so stable and a tax reform seems unavoidable.

The same happens with the political sistem inherited from Pinochet’s dictatorship, and his shadow looms over a country which has not yet been able to confront the wounds of its past. Bachelet campaigned on the promise to put and end to those debts. Now, if the reactionary 1% of richest and its military friends will abide to these reforms and renounce to their privileges without resistence, then you can call it a real “miracle”.