Capitalism on Trial in Chile

Friday 15 November 2019
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Free-market economists once talked about “the miracle of Chile,” praising its policies as Latin America’s great economic success story. But recently, over a million people have flipped the script, taking to the streets and facing down a violent police response as they demand a reckoning on the promise of prosperity that never came. Today, we explore how, in Chile, capitalism itself is now on trial. Guest: Amanda Taub, who explores the ideas and context behind major world events as a columnist for The Interpreter at The New York Times, spoke with Annie Brown, a producer for “The Daily.” For more information on today’s episode, visit nytimes.com/thedaily.  Background reading: “It’s not 30 pesos, it’s 30 years.” Our correspondent went to Santiago, the Chilean capital, to understand how a small hike in public transportation fares ignited mass protests.After weeks of demonstrations, Chile’s president said he would support a new Constitution. But for many, it was too little, too late.Our correspondent went i

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