1. Make the Economy Scream.
- Author
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BEVINS, VINCENT
- Subjects
- *
CUBAN Revolution, 1959 , *POLITICAL scientists , *GREAT men & women , *ENVY , *EDIBLE fats & oils , *FEDERAL government , *PUNK culture - Abstract
Now, in The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism, Edwards tries to separate the neoliberal project from the very illiberal regime that first put it into practice. In fact, Chilean inequality rose to levels that were high even by South America's abysmal standards, and Edwards concedes that, in practice, the privatization programs that handed hundreds of state-owned companies to private entities amounted to the transfer of national assets to the regime's cronies at fire-sale prices. "Pinochet lost the electoral battle", Edwards writes, "but the Chicago Boys won the 'war of ideas.'" This attempt at a victory lap is one instance where Edwards's close biographical approach proves lacking, as a reference to almost any other country over the same period would have proved instructive. But Edwards also wants to link the neoliberal "reforms" to Chile's relative prosperity now, as well as save the reputation of the Chicago Boys themselves, not just the economic ideas they espoused. [Extracted from the article]
- Published
- 2023