Marxist socialist leader [[Salvador Allende]] was popularly elected in Chile in 1970 under the Popular Unity Party. Allende's economic policy, known as the Vuskovic Plan, sought to achieve transition to socialism by democratic means. Strongly influenced by [[John Maynard Keynes]], the Vuskovic Plan involved nationalization of large foreign enterprises, land redistribution to farmers, and redistribution of income.
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Marxist socialist leader [[Salvador Allende]] was popularly elected in Chile in 1970 in a minority government run by the Popular Unity Party. Allende's economic policy, known as the Vuskovic Plan, sought to achieve transition to socialism. The Vuskovic Plan involved nationalization of large foreign enterprises, land redistribution to farmers, and redistribution of income. The majority in Parliament never supported it and the plan was never carried out as Allende was overthrown by the military.