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Inequality

The Dramatic Fall of Chile as Latin America’s Neoliberal Role Model

By: 
Ariela Ruiz Caro

After the outbreak of the most intense and massive social protests ever recorded in the history of Chile, on November 16 the government and most political parties signed an agreement to restore peace and public order and initiate a process to draft a new constitution.

The protests, triggered by the rise in subway fares on Oct. 18, called into question the supposed Chilean success story of the neoliberal economic model implemented in the country during the dictatorship of General Augusto Pinochet (1973-1989). Developed by the so-called Chicago Boys, successive administrations since the 1990 return to democracy in 1990 sustained the model as state policy.

A Green New Deal must deliver global justice

By: 
Asad Rehman

For too long the severity and scale of the climate crisis has been deliberately understated, but October’s release of the IPCC’s Special Report on the Global Warming of 1.5°c finally sent shockwaves into the populations of rich countries. The urgent need for action was clear with the world now in ‘decade zero’, when every decision taken in the coming years will determine the extent to which the critical 1.5°c guardrail is breached triggering run away climate change. Despite these warnings the UN estimates that current emission targets will put the world on a trajectory of at least 3.4°c and possibly up to 7°c warming.

Progressives and Markets

By: 
Dean Baker

The right would like us to believe that the inequality we see in the United States, and increasingly in other countries, is a natural outcome of market processes. Unfortunately, many on the left seem to largely share this view, with the proviso that they would like the government to alter market outcomes, either with tax and transfer policy, or with interventions like a higher minimum wage.

While redistributive tax and transfer policies are desirable, as is a decent minimum wage, it is an incredible mistake to not recognize that the upward redistribution of the last four decades was brought about by conscious policy, not any sort of natural process of globalization and technology. Not recognizing this fact is an enormous mistake from both the standpoint of policy and politics.

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