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The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism 

Becker Friedman Institute University of Chicago
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In 1955, the United States launched the “Chile Project” to train Chilean economists at the University of Chicago. After General Augusto Pinochet overthrew Salvador Allende in 1973, Chile’s “Chicago Boys” implemented the purest neoliberal model in the world for the next seventeen years. But under the veneer of success, a profound dissatisfaction was growing.
Sebastian Edwards, Henry Ford II Professor of International Economics at UCLA’s Anderson Graduate School of Management, discussed his book “The Chile Project” in which he tells the remarkable story of how the neoliberal economic model came to an end in 2021, when Gabriel Boric, a young former student activist, was elected president.
Edwards’ presentation was followed by a fireside chat alongside James Heckman, who has been at the Department of Economics at the University of Chicago since 1973, moderated by Eduardo Porter, columnist and editorial board member at the Washington Post.

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26 авг 2024

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Комментарии : 3   
@pablogandolfo8057
@pablogandolfo8057 3 месяца назад
There has been no downfall at all of the succesfull free market system in Chile ("neoliberalism"). As a former member of the marxist government of president Salvador Allende, Edwards was led to believe that the young neocommunist president Gabriel Boric would attain his proclaimed goal of destroying capitalism in Chile and thus become a second Allende. But the people of Chile have voted massively to retain the economic system implemented by the Chicago Boys, including the 1980 Constitution signed by president Pinochet. Every poll now indicates that the next president will be either the daughter of a Junta member (Evelyn Mathei) or the brother of a prominent Chicago Boys (Antonio Kast), and of course both will keep and probably deepen the free market system.
@agomez13
@agomez13 3 месяца назад
The Economist's El Boletín newsletter sent me here. Thanks for posting the video.
@001Cherith
@001Cherith 3 месяца назад
Such a timely forum. Just amazing history for everyone to know. When UChicago was trying to set up an economic institute to honor the great economist, Milton Friedman, many leftest student protested for they thought Milton has helped the military dictator, but the fact was that he never had any close relationship with the regime. That's why the university named the new institute Becker Friedman Institute.
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