Chile or the Tyranny of the Market

Chile is a wealthy country, with plenty of natural resources and a young population. It's a model of prosperity in South America, the prime example of the opportunities a radical free market policy can offer for emerging-market countries, with booming economy and growing incomes. But what's the real story? 40 years after the coup against Allende, this doc shows a portrait of Chile at the crossroads.



Students of wealthy town Viña del Mar have occupied their university. They've been robbed of their future, classes are cancelled. The owners siphoned off the endowment and college dues for their own profit. Even though the university is broke, the students still have to pay their college loans. Now they're in debt and have no degrees - victims of Chile, Inc. What happens when everything in a country becomes a commodity, when everything is privatized and liberalized? After Allende's fall, General Augusto Pinochet installed four experts, students of Milton Friedman's Chicago school of economics, to institute radical neoliberal policies in Chile. The policies of these "Chicago Boys" are still in force to this day. From water rights to mining concessions, energy utilities, and the health, retirement and education systems - the whole country is privatized. Most schools and universities are private enterprises, families have to pay 20-30% of their income for school. People fed up with this system took to the streets 2011. These education protests have grown into wider demands for an end of the Chile, Inc. and changes to the constitution, a vestige of the days of dictatorship.