BBC News reports leftist protest leader Gabriel Boric has won the Chilean presidential runoff election, defeating rightist José Antonio Kast. With just over half the votes counted, Boric was ahead 56% to 45% and Kast has conceded.
Economically strong Chile now begins on a path which leads to the same sort of economic meltdown formerly wealthy Venezuela has experienced under Chavez and Maduro. How far down the path they go remains to be seen.
Latin America has once again demonstrated its characteristic cultural weakness, snatching economic defeat from the jaws of victory. I hypothesize the fault arises in the shared Iberian colonial heritage.
