Ever since the Chileans voted into the presidency leftist/communist Gabriel Boric in 2021, we’ve been despondent about Chile’s stroll back down the road to tyranny. Since the 1980s, Chile had become the jewel of South America thanks to private property rights, privatization, lower tax rates, and other free-market reforms. These reforms led to a tripling in Chile’s per capita income over thirty years, yet Boric promised to reverse course.
Thankfully, this week Chileans went to the polls and delivered Boric a big setback in the pursuit of the young leader’s progressive agenda. Right-wing candidates won a clear majority of seats on the Constitutional Council in charge of drafting a new charter.” The Left is despondent.
We’re ecstatic. There is hope for Chile after all.