Can Chile Escape Stagnation?

Chile recently held a national referendum to approve or reject a new constitution proposed by an elected constituent assembly. With 99% of the vote tallied, the proposal failed, meaning that Chile will keep its current constitution, which has been amended multiple times to ensure democracy. The vote was seen as anticlimactic, as extremist efforts to upend Chile's democracy were thwarted when right and center-right parties gained control of the constituent assembly. The main source of popular discontent in Chile is sluggish economic growth, along with concerns about high crime rates, limited access to quality education, and corruption. This was Chile's second attempt at a new constitution, with the first draft being rejected in 2022. The article suggests that the unrest in Chile was not a rejection of economic freedom but rather a desire for economic stability and growth. [Extracted from the article]