Capitalism on Trial in Chile

<p>Free-market economists once talked about “the miracle of Chile,” praising its policies as Latin America’s great economic success story. But recently, over a million people have flipped the script, taking to the streets and facing down a violent police response as they demand a reckoning on the promise of prosperity that never came.</p><p>Today, we explore how, in Chile, capitalism itself is now on trial.</p><p>Guest: <a href="https://www.nytimes.com/by/amanda-taub" target="_blank">Amanda Taub</a>, who explores the ideas and context behind major world events as a columnist for<a href="https://www.nytimes.com/column/the-interpreter" target="_blank"> The Interpreter</a> at The New York Times, spoke with Annie Brown, a producer for “The Daily.” For more information on today’s episode, visit nytimes.com/thedaily. </p><p>Background reading: </p><ul><li>“It’s not 30 pesos, it’s 30 years.”<a href="https://www.nytimes.com/2019/11/03/world/americas/chile-protests.html?smid=pc-thedaily" target="_blank"> Our correspondent went to Santiago</a>, the Chilean capital, to understand how a small hike in public transportation fares ignited mass protests.</li><li>After weeks of demonstrations, Chile’s president said<a href="https://www.nytimes.com/2019/11/11/world/americas/chile-protests-new-constitution.html?smid=pc-thedaily" target="_blank"> he would support a new Constitution</a>. But for many, it was too little, too late.</li><li>Our correspondent went inside a trauma unit in Chile that’s responding to “an epidemic” of protesters who have been shot in the eye by police pellet guns. Watch the video below.</li></ul>