Description
Book Synopsis: How Chile became home to the world’s most radical free-market experiment—and what its downfall suggests about the fate of neoliberalism around the globe
In The Chile Project, Sebastian Edwards tells the remarkable story of how the neoliberal economic model—installed in Chile during the Pinochet dictatorship and deepened during three decades of left-of-center governments—came to an end in 2021, when Gabriel Boric, a young former student activist, was elected president, vowing that “If Chile was the cradle of neoliberalism, it will also be its grave.” More than a story about one Latin American country, The Chile Project is a behind-the-scenes history of the spread and consequences of the free-market thinking that dominated economic policymaking around the world in the second half of the twentieth century—but is now on the retreat.
In 1955, the U.S. State Department launched the “Chile Project” to train Chilean economists at the University of Chicago, home of the libertarian Milton Friedman. After General Augusto Pinochet overthrew socialist president Salvador Allende in 1973, Chile’s “Chicago Boys” implemented the purest neoliberal model in the world for the next seventeen years, undertaking a sweeping package of privatization and deregulation, creating a modern capitalist economy, and sparking talk of a “Chilean miracle.” But under the veneer of success, a profound dissatisfaction with the vast inequalities caused by neoliberalism was growing. In 2019, protests erupted throughout the country, and in 2022 Boric began his presidency with a clear mandate: to end neoliberalismo.
In telling the fascinating story of the Chicago Boys and Chile’s free-market revolution, The Chile Project provides an important new perspective on the history of neoliberalism and its global decline today.
Details
Discover the captivating story that unveils the rise and fall of neoliberalism with The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism. Authored by Sebastian Edwards, this groundbreaking book takes you on a journey through Chile's transformation into the world's most radical free-market experiment.
Immerse yourself in the gripping narrative of how the neoliberal economic model took root in Chile during the Pinochet dictatorship and flourished over three decades of left-of-center governments. However, in a stunning turn of events in 2021, Gabriel Boric, a young former student activist, was elected president, pledging to bring an end to neoliberalism. Edwards presents this pivotal moment as a reflection of the global retreat of neoliberalism itself.
Uncover the origins of Chile's economic revolution through the lens of the US State Department's "Chile Project" of 1955, which aimed to train Chilean economists at the University of Chicago under the tutelage of Milton Friedman. Witness how General Augusto Pinochet, after overthrowing socialist president Salvador Allende, executed the purest form of neoliberalism for seventeen years, inaugurating a period of privatization, deregulation, and economic prosperity deemed miraculous by many.
However, hidden beneath this facade of success lurked a growing dissatisfaction with the severe wealth disparities engendered by neoliberalism. In 2019, nationwide protests erupted across Chile, culminating in Gabriel Boric's landslide victory in 2022 with an undeniable mandate to dismantle the neoliberalismo that had gripped the nation for so long.
By unfolding this captivating and often untold history of the Chicago Boys and Chile's free-market revolution, The Chile Project offers a fresh perspective on the rise and ultimate decline of neoliberalism worldwide. Don't miss your chance to gain invaluable insights into the legacy of neoliberalism and its repercussions in today's global economic landscape.
Don't miss out on this eye-opening journey through the rise and fall of neoliberalism. Get your copy of The Chile Project now!
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