| | Ignored by Friedman and much of the media, Chile's rapid transition to free market was done by mass executions of liberals and widespread torture. Thousands disappeared in the night, never to seen again. The economic collapse in 1982 is attributed to Pinochet's reforms under the guidance of Friedman. Hyper-inflation and too much privitization destroyed the governments ability to its debt and tripled the poverty levels in Chile. <ref> | | Ignored by Friedman and much of the media, Chile's rapid transition to free market was done by mass executions of liberals and widespread torture. Thousands disappeared in the night, never to seen again. The economic collapse in 1982 is attributed to Pinochet's reforms under the guidance of Friedman. Hyper-inflation and too much privitization destroyed the governments ability to its debt and tripled the poverty levels in Chile. <ref> |
| | During its 16 years in power, Chile moved away from economic statism toward a largely free market economy that fostered an increase in domestic and foreign private investment. In a plebiscite on October 5, 1988, General Pinochet was denied a second 8-year term as president. Chileans voted for elections to choose a new president and the majority of members of a two-chamber congress. On December 14, 1989, Christian Democrat Patricio Aylwin, the candidate of a coalition of 17 political parties called the Concertacion, was elected president. Aylwin served from 1990 to 1994 and was succeeded by another Christian Democrat, Eduardo Frei Ruiz-Tagle (son of the previous President), leading the same coalition, for a 6-year term. Ricardo Lagos Escobar of the Socialist Party and the Party for Democracy led the Concertacion to a narrower victory in 2000 presidential elections. His term ended on March 11, 2006, when President Michelle Bachelet Jeria took office. | | During its 16 years in power, Chile moved away from economic statism toward a largely free market economy that fostered an increase in domestic and foreign private investment. In a plebiscite on October 5, 1988, General Pinochet was denied a second 8-year term as president. Chileans voted for elections to choose a new president and the majority of members of a two-chamber congress. On December 14, 1989, Christian Democrat Patricio Aylwin, the candidate of a coalition of 17 political parties called the Concertacion, was elected president. Aylwin served from 1990 to 1994 and was succeeded by another Christian Democrat, Eduardo Frei Ruiz-Tagle (son of the previous President), leading the same coalition, for a 6-year term. Ricardo Lagos Escobar of the Socialist Party and the Party for Democracy led the Concertacion to a narrower victory in 2000 presidential elections. His term ended on March 11, 2006, when President Michelle Bachelet Jeria took office. |