The legacy of the Chicago Boys lives on in Chile

[THEINVENTABLETHREAT]

This video has a lot of bull shit, why can't these interviews ever just come right out and say the truth. The period of Pinochet and the Chicago Boys totally free economic ideology was actually the worst social and economic disaster ever to face Chile, during this time 1974-91 Chile GDP was the worst in Latin America it wasn't until more controlled economic reforms that go against Friedman and the Chicago Boys principles that marks the rise of Chile.

[DB0blivion]

I guess there was no mass torture, wages didn't fall, unemployment didn't soar and income disparity didn't happen. I must have dreamt that up.

The imposition of radical neo-liberal policies without the consent of the public to test out University of Chicago theories was an amoral act of barbarism. The ends do not justify the brutal means.

What would Chile be like without the Sept 11, 1973 coup d'etat? Was it worth all the blood and torture? Ask the public, not the Chicago Boys.

[frogeagle53]

"The People" are not stupid. We understand that this economic theory only benefits the wealthy, while everyone else suffers. This theory is about profit only and in that sense it does work for the select few. Therefore this Friedman way of economics destroys people. I also truly believe that anyone that thinks that Shock Doctrine is bull, research more. Because I did and I found that her research is dead on and not based on speculation but historic facts.

[NoProbaloAmigo]

@frogeagle53 What evidence do you have? For example, Chile and Uruguay are among the most advanced countries in South America. And the Partido dos Trabalhadores of Brazil has had to eat its own nonsense on this issue, meeting Friedman halfway, or all the way on almost all issues, primarily, taxes, Oil companies, product markets, and starting businesses.

[DystopianFuture2day]

Read Naomi Klein's the Shock Doctrine. This video is bullshit.

[LogicalFlawDetector]

@DystopianFuture2day

Her leftist book is bullshit.

[NoProbaloAmigo]

@DystopianFuture2day Too bad Naomi Klein didn't write about "Mao's Shock Doctrine," and try and link it to Friedman, since Friedman advised the Chinese as well!

[nickfl1980]

You wan't to be like America? You will end up like America where corporate + government are in the same bed (Fascism). Truth is, Chile's economy is weak and only rises when prices of commodities go up. Once they go down, Chile has a problem. Free market isn't free folks, it's only free for the corporate crooks, the chicago boys or the gangsters in wall street.

[PATAGONIALOOP]

Pinochet was an omnipotent power, and set about building a social and economic model, consistent with theories of Milton Friedman...but... also... Friedrich von Hayek!!!. these ideas take a free-market model under a political democracy.

[grayhairandblueeyes]

M.F. lived for the super-rich elite. None of his bullshit is now in effect in Chile now. Infact most of what you hear here is lies...

[alilapointe1]

chicago boys =elite boys working for american interests,so unless you graduate from a milton Friedman class your prospects of heading towards poverty are certain.

[bonfirejovi]

Well I guess Namoi Klein has been proven wrong once again. Where would you rather live in modern latin america, in Chile or Venezuela? That should be the litmus test for choosing between capitalism and socialism.

[javyjedi]

Every month that I must to pay my credit cards quotes I remember these guys...

[javyjedi]

Could you translate please.

[beancube2010]

I don't believe this propaganda. If they're so free, oppressive militarism would be voted out of their public office. Free market is not real when they have to support such a big bureau of army. The army sucks a lot of blood and take away kids' new thinking. Corruptions in capital are big and court systems are wasting people's time.

[bonfirejovi]

@beancube2010 I think they are saying that Chile is economically free and therefore wealthier even though aren't politically very free.

[barrabacius]

Un claro ejemplo de como este nuevo sistema funciona, es que la vos y el voto del pueblo no hace ninguna diferencia, el resultado es el mismo, asegurandose de esta manera la continuidad de esta "doctrina" social la cual se ve claramente con los dictadores y presidentes despues del golpe de 1973. Chile vivio la gloria, libertad y democracia con Salvador Allende, y fue extraida hasta la fecha por un poder extranjero con la complicidad de oportunistas vendepatria.

[barrabacius]

Como los militares golpistas tuvieron la "escuela de las americas" Los politicos sediciosos tuvieron las ideas fascistas de Milton Friedman en la Universidad de Chicago. En otras palabras Chile se convirtio en un gran experimento social, en donde las riquezas naturales y empresas claves al desarrollo nacional pasaron a privatizarce, convirtiendo a las grandes coorporaciones en los nuevos amos de la politica, economia y riqueza de los paises. La UF es otra creacion de esta economia deplorable.

[goPistons06]

@barrabacius sabes algo de Milton Friedman? has leido algo de el o sobre el? fue un defensor de la libertad, nunca apoyo la violencia de la dictadura, solo las reformas economicas. al final dijo que estaba muy contento por la transicion de Chile a la democracia. gracias a tales reformas se ha reducido la pobreza y aumentado la riqueza para todo chile. como chucha se te ocurre decir que era fascista entonces. sabes acaso lo que significa fascista?!

[lasoif25]

good vidéo, well explained !