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Election Of Socialist Is Bad Omen For Free-Market Chile
Investor's Business Daily ^ | 16 Dec 2013 | Editorial

Posted on 12/17/2013 8:03:25 PM PST by IBD editorial writer

Leftism: Chile has long been a global model of free-market economics. But on Sunday, it elected socialist Michelle Bachelet, who ran on a platform of tax hikes and "free" education. What drives a country to reject success? Bachelet took an astonishing 62% of the vote against her more conservative rival, Evelyn Matthei, who drew just 38%. It wasn't entirely surprising: Bachelet projected a cheery, confident, maternal demeanor and made few gaffes, quite unlike the less polished Matthei. She also had a good record: As president from 2006 to 2010, she left office with a phenomenal 84% popularity rating — in part, because she resisted the left's calls to spend Chile's state copper revenues on wild schemes. Her record of fiscal discipline was, in fact, the best of any of Chile's leaders since the nation's return to democracy in 1990, based on IMF data. But that isn't the ticket she ran on this time around. Aligning herself this time with the communists and Chile's spoiled student protest leaders, Bachelet adopted a far more aggressive socialist program than in the past, vowing to raise the corporate tax rate from 20% to 25% to pay for a new scheme to make higher education "free." It's a recipe for trouble.

(Excerpt) Read more at news.investors.com ...


TOPICS: Editorial; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: chile; chileanmiracle; michellebachelet; socialism
Beware of big-smile socialists.
1 posted on 12/17/2013 8:03:26 PM PST by IBD editorial writer
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To: IBD editorial writer

Electing politicians because they promise you goodies is like taking candy from a stranger. They are nice to the camera, but other times socialists are often terrible people to be around.

The problem is that the masses ususally have to go through socialism and get shot out the other end to know what it is.


2 posted on 12/17/2013 8:08:10 PM PST by Telepathic Intruder (The only thing the Left has learned from the failures of socialism is not to call it that)
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To: IBD editorial writer

Socialism is on the rise.

Sucks to be us. :(


3 posted on 12/17/2013 8:11:27 PM PST by Tzimisce
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To: IBD editorial writer

Seems like the French, Italians and Germans run everything I to the ground down there.


4 posted on 12/17/2013 8:14:40 PM PST by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: IBD editorial writer

They deserve what they get. They will suffer.....and NEVER know why.


5 posted on 12/17/2013 8:15:24 PM PST by RushIsMyTeddyBear (Great vid by ShorelineMike! http://www.youtube.com/watch?v=KOZjJk6nbD4&feature=plcp)
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To: Tzimisce

Socialism/Fascism has been on the rise in South America for many decades. Many Nazis settled there to escape prosecution.


6 posted on 12/17/2013 8:16:54 PM PST by RushIsMyTeddyBear (Great vid by ShorelineMike! http://www.youtube.com/watch?v=KOZjJk6nbD4&feature=plcp)
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To: Vendome

It is the eternal battle between good and evil. Evil seems to be winning. Let us hope there is a change!


7 posted on 12/17/2013 8:17:08 PM PST by MtnClimber (Lets turn back the clock and leave j@ck@ss mccain in vietnam, seemingly his utopia)
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To: MtnClimber

Seeing the words, “Omen” and “Socialism”, together a lot lately. Maybe an “omen”?


8 posted on 12/17/2013 8:18:55 PM PST by jsanders2001
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To: RushIsMyTeddyBear

Uh, I don’t think you can blame the Nazis for this one.


9 posted on 12/17/2013 8:23:10 PM PST by 1rudeboy
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To: 1rudeboy

Quite frankly, I don’t see any difference in the parties. They BOTH are about death.


10 posted on 12/17/2013 8:29:16 PM PST by RushIsMyTeddyBear (Great vid by ShorelineMike! http://www.youtube.com/watch?v=KOZjJk6nbD4&feature=plcp)
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To: IBD editorial writer

It won’t any better for them than it has for us.


11 posted on 12/17/2013 8:38:34 PM PST by hometoroost
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To: IBD editorial writer

What’s the worry?

We have seen how well this sort of regime has worked in Venezuela.

No problemo, asi?


12 posted on 12/17/2013 8:40:03 PM PST by freedumb2003 (Fight Tapinophobia in all its forms! Do not submit to arduus privilege.)
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To: IBD editorial writer
A baby boom some years back created a country that is full of unemployed 16-24 year olds.

Such people generally vote socialist.

13 posted on 12/17/2013 8:48:09 PM PST by freerepublicchat
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To: MtnClimber

Yup… a lot of bad omens these days… don’t even need to go all the way to chile to see them.

Don’t lose heart… the good guy always wins… stick with Him


14 posted on 12/17/2013 8:48:57 PM PST by longfellowsmuse (last of the living nomads)
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To: longfellowsmuse

Good thought, though it does become a challenge to remember that some days.

It sure feels as though the entire world is going into darkness. Not what I ever believed would happen.


15 posted on 12/17/2013 9:12:22 PM PST by AllAmericanGirl44 (Wishing all a very Merry Christmas)
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To: RushIsMyTeddyBear

They deserve what they get. They will suffer.....and NEVER know why.


The same here. It’s a shame that so many have to suffer because of them.


16 posted on 12/17/2013 9:15:24 PM PST by laplata (Liberals don't get it .... their minds are diseased.)
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To: IBD editorial writer

I thought Chilean citizens learned their lesson back in the 1970s with Allende. I still remember the photo of him hunkered down in the Presidential Mansion, with a helmet and sub machine gun, when the citizens and army came for him with blood in their eye.


17 posted on 12/17/2013 9:34:30 PM PST by Ruy Dias de Bivar (Sometimes you need 7+ more ammo. LOTS MORE.)
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To: RushIsMyTeddyBear

They deserve what they get. They will suffer.....and NEVER know why.

I know we a feeling the Aftermath of our little Socialist problem... Thanks to The American idiots who voted for him not once but twice we are paying the price!!!


18 posted on 12/17/2013 9:35:03 PM PST by tallyhoe
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To: Ruy Dias de Bivar

Chile and Argentina could be (and were) fairly wealthy countries...before WWII, Argentina had the 10th highest wealth per capita in the world. Gee, I wonder what happened...NOT.


19 posted on 12/17/2013 9:47:39 PM PST by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: IBD editorial writer

Where are Dick Nixon, Hank Kissinger and Pinochet
when you need them?


20 posted on 12/17/2013 9:50:27 PM PST by Oliviaforever
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To: IBD editorial writer

I know that what I am about to say will draw some eyebrows higher.. But I have been around a very long time and watched this country in thick and as now, very thin..

I have also watched, as an interested observer, the world go through many swings of ideological shifts, always emerging to the left of the previous positions..

The only incidents that drew the world to reflect on the course they drift is WAR, WORLD WAR to be precise.. The World needs a WAR, a major war that will shake the foundation of governments to their cores and draw all people to put things back into perspective..

A World financial crisis might do the same thing.. We need to allow the Financial Community to Rumble and Shake out all the shit, that we have covered for, over the last 40 odd years.. If we emerge, and that is an IF, we will be better for it, perhaps for another generation or two..


21 posted on 12/17/2013 9:50:55 PM PST by carlo3b (“Corrupt politicians make the other ten percent look bad,” Henry Kissinger)
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To: IBD editorial writer

You’d think with basket case Argentina next door they would know better.


22 posted on 12/17/2013 9:59:14 PM PST by aquila48
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To: IBD editorial writer; GeronL; GOPsterinMA; BillyBoy; fieldmarshaldj; AuH2ORepublican; ...

It surprises that that with all the socialists (and “Christian Democrats” allied with the socialist) that have mostly ruled Chile since Pinochet left (all except for the outgoing President who is from the right), that the country is in such good shape.

Clearly Chilean socialists are are cooler and less spicy than the South American standard. I don’t think we’re dealing with Chavez style COMMUNUSTS in this case. Still not good though.


23 posted on 12/17/2013 10:00:07 PM PST by Impy (RED=COMMUNIST, NOT REPUBLICAN)
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To: IBD editorial writer

People will vote for their own executioners if they promise to give them a cookie first.


24 posted on 12/17/2013 10:16:52 PM PST by headstamp 2 (What would Scooby do?)
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To: IBD editorial writer
She ran on the typical socialist lie, the 'rich' are going to pay for the 'free education'.

Ofcourse, it won't be long before the middle class find out that they are who the socialists consider to be the 'rich', but by then it is too late.

25 posted on 12/17/2013 10:31:40 PM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: Ruy Dias de Bivar

It seems each generation has to learn the same lessons.


26 posted on 12/17/2013 10:32:32 PM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: carlo3b
Are you out of your mind?

Yea, lets have a major world war, that will help!

27 posted on 12/17/2013 10:33:46 PM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: fortheDeclaration

“There never was a good war or a bad peace” - Benjamin efin Franklin


28 posted on 12/17/2013 11:03:21 PM PST by dr_lew
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To: Tzimisce

Humanity is sinking back into the slavery from whence it came.

The past quarter-millenium was the aberration.


29 posted on 12/17/2013 11:33:46 PM PST by oblomov
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To: IBD editorial writer

did South America really need another Venezuela or Argentina?


30 posted on 12/17/2013 11:44:13 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: Impy

She aligned herself with the commies this time around, she is going to be really bad


31 posted on 12/17/2013 11:44:58 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: IBD editorial writer
RE: “Chile has long been a global model of free-market economics.”

I have always been skeptical about that claim.

Chile's GDP per capita is the best in Latin America.

However, internationally, Chile is ranked below many eastern European countries like Greece and Poland.

And compared to true free market countries like Hong Kong and Singapore, Chile's GDP is almost 70% lower.

32 posted on 12/17/2013 11:48:09 PM PST by zeestephen
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To: IBD editorial writer
Election Of Socialist Is Bad Omen For Free-Market Chile

It sure isn't working out very well here in the USA.


33 posted on 12/18/2013 4:02:17 AM PST by Iron Munro (Orwell: There are some ideas so absurd that only an intellectual could believe them.)
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To: Telepathic Intruder

I predict that the Chilean people will be the most surprised people on the planet when their determined return to socialism lowers their standard of living to the typical of Latin American. Like their U.S. cohorts, they will never understand.


34 posted on 12/18/2013 4:17:56 AM PST by Theodore R. (The grand pooh-bahs are flirting with Christie, but it's Jebbie's turn!" to LOSE!)
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To: oblomov

The American people hate the “slavery” of 1859, but will gladly set up their own form for 2013 and never understand.


35 posted on 12/18/2013 4:19:19 AM PST by Theodore R. (The grand pooh-bahs are flirting with Christie, but it's Jebbie's turn!" to LOSE!)
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To: IBD editorial writer

36 posted on 12/18/2013 4:20:22 AM PST by dfwgator
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To: carlo3b
We moved farther left during and after the Great Depression and moved even more left after WWII. Neither war or economic crisis will stop the left from wrapping their tentacles around the institutions that made our country great. It isn't how people vote every two or four years that will determine our future but it is how people live each and every day. As long as the left controls our institutions of education we will continue to falter.
37 posted on 12/18/2013 4:42:18 AM PST by Russ (Repeal the 17th amendment)
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To: IBD editorial writer
"What drives a country to reject success?"

Santa Claus. Santa Claus will win over hard work most every time.

38 posted on 12/18/2013 5:58:35 AM PST by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
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To: Theodore R.

Agree. Read your profile and like the same commentators you do.


39 posted on 12/18/2013 7:05:11 AM PST by oblomov
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To: headstamp 2
People will vote for their own executioners if they promise to give them a cookie first.

I think you've just come up with the ultimate tag line!

40 posted on 12/18/2013 9:32:22 AM PST by The Duke ("Forgiveness is between them and God, it's my job to arrange the meeting.")
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To: IBD editorial writer

So I guess the libertarians building their own “Galt’s Gulch” in Chile are going to be a mite disappointed?


41 posted on 12/18/2013 10:04:09 AM PST by oblomov
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To: GeronL

Yes, the whole left is together in coalition from the “Christian Democrats” (which in most countries could be a center-right party) to “Partido Comunista”. I think that’s always been the case.

It should be noted this witch was already President, serving just before the current outgoing President.

A least the no consecutive terms thing is helpful in avoiding a Chavez situation. Of course I think he had terms limits laws changed in his country.


42 posted on 12/18/2013 9:01:23 PM PST by Impy (RED=COMMUNIST, NOT REPUBLICAN)
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To: Impy; NFHale; BillyBoy; fieldmarshaldj; AuH2ORepublican; KC_Lion

“Clearly Chilean socialists are are cooler and less spicy than the South American standard. I don’t think we’re dealing with Chavez style COMMUNUSTS in this case. Still not good though.”

I don’t like this at all; Khent thinks might open up more opportunities in alternative entertainment venues.


43 posted on 12/19/2013 8:48:10 AM PST by GOPsterinMA (You're a very weird person, Yossarian.)
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