Tuesday, December 19, 2017

Chile Moves Modestly Right

Just a quick note to observe a mildly positive electoral outcome in Chile. The Weekly Standard reports former President Sebastian Piñera, whom they describe as "center-right," has been elected to a second, non-consecutive term.

Piñera replaces socialist, Michelle Bachelet, who unsurprisingly promised more than she was able to deliver. Chile needs to claw back some of the economic gains made under the guidance of Pinochet's Milton Friedman-trained Chicago economists and subsequently given up.

Piñera is a Harvard Economics PhD, which suggests he is closer to center-left than center-right. Whatever ... center-left is marginally better than solidly left.