So you think President Trump is doing badly? Some of the smarter leaders on the world scene are coming to other conclusions, which is to say the Trump revolution is spreading.
Late last year, Chile held a presidential election, and in its result, Chilean voters finally dumped its corruption-plagued, soggy socialist government, up ’til now led by Michelle Bachelet, and re-elected center-right past president, Sebastián Piñera, instead.
Piñera’s finest moment during his last presidency was in 2010, at the helm of the Chilean mining crisis, when 33 miners were trapped more than two miles underground amid few hopes for their rescue. Piñera had been told by his advisers just to keep the cameras away, because it was a losing political picture. He defied them, visited the campsite out in the remote Atacama desert up north, heaped resources onto the rescuers, and the spectacular rescue that followed, which was the result of his keen interest and willingness to defy the odds, was all his.
He’s now done something similar as he prepares to start his new term. According to El Mostrador, a Santiago-based Chilean newspaper (in Spanish), he’s called in the ICBMs of the economics world into his cabinet, the Chicago Boys, who are the embodiment of free-market economics. The Chicago Boys took their ideas straight from Milton Friedman in the 1970s, predating both Margaret Thatcher and Ronald Reagan, and their free-market reforms turned Chile into a first-world country. Chile is the home to the famous Chilean Model of private savings accounts for pensions that the left screams about, because that reform did more than anything to transform Chile.
El Mostrador reports that multiple people with high-firepower economic degrees are being lined up for Piñera’s cabinet as he takes office this month. Here is a Google translation, with a few clarifications in brackets from me:
The Chicago Boys in the cabinet and undersecretaries of the next term of office of Sebastián Piñera are Cristián Larroulet, as head of the Second Floor of La Moneda; Juan Andrés Fontaine, who will be in charge of the MOP [Ministry of Public Works] this time; José Ramón Valente, the doctrinaire future holder of Economy; Rodrigo Cerda, acting as Director of Budgets; and Alfredo Moreno, in the position of Minister of Social Development.