Just like after Pinochet Chile is a first world nation and Cuba totally blows
More disgusting right-wing re-writing of history. Put aside the harm to the Cuban economy of the US Boycott - the issue here is Chile, who was not 'Cuba'.
Chile's main industry before Pinochet was copper mines. In typical fashion, foreign companies came in and exploited the country, building mines and basically taking all the wealth from the mining giving almost nothing in return to the country.
The exploitation was bad enough that in the election. there were three candidates - left, center, right - and all said that the mining needed to be nationalized to keep its wealth for the country. The left candidate, Allende, won.
The country had a thriving democracy under Allende. Plenty of freedom, art, etc. It was Nixon that decided, Allende had to be kept from becoming president before Allende's election. That good old 'US champion of democracy' again. He ordered the CIA to keep Allende from getting elected, but their efforts failed and Allende won.
Then the policy became overthrowing Allende. The CIA again was ordered to do that. They organized a coup attempt, which tried to recruit the head of the military. That leader was a patriot and said he supported the constitution and democracy for Chile and would not join, so they made kidnapping him part of the coup plan.
They went to kidnap him, and he pulled his pistol and the coup plotters killed him. Finally, a military revolt was orchestrated by the CIA which resulted in Allende being killed.
A right-wing puppet who would let the foreign companies have the mining industry again took over, Pinochet. A far-right (but Nobel-winning) economist, Milton Friedman, was given carte blanche to use Chile as an 'experiment' to test and prove his right-wing economic policies using a nation. The results were largely quite bad, as documented in Naomi Klein's book, "The Shock Doctrine".
(This is the same Milton Friedman who, for example, after Hurricane Katrina, advocated using the shock of the event to get rid of public education in the area.
"Friedman’s suggestions were indeed radical: abandon the public school system and instead provide families with vouchers to offset the costs of for-profit schools. It seems like a blatant cash-grab, a hard sell under normal circumstances, but Friedman knew that the shock and disorientation produced by disaster is the perfect time to push through otherwise inconceivable changes…"
"At the behest of his economic adviser, Milton Friedman, Pinochet privatized publicly-owned companies, deregulated the financial sector, and slashed government spending on social programs while expanding his military. It did not go well:
In 1974, inflation reached 375 percent—the highest rate in the world and almost twice the top level under Allende… At the same time, Chileans were being thrown out of work because Pinochet’s experiment with “free trade” was flooding the country with cheap imports. Local businesses were closing, unable to compete, unemployment hit record levels and hunger became rampant."
When Pinochet wrote Friedman about the situation, the high priest of laissez-faire economics suggested “shock treatment”—deeper cuts to government, more privatization:
Pinochet and [Chilean finance minister Sergio] de Castro got to work stripping away the welfare state to arrive at their pure capitalist utopia. In 1975, they cut public spending by 27 percent in one blow—and they kept cutting until, by 1980, it was half of what it had been under Allende. Health and education took the heaviest hits. Even The Economist, a free-market cheerleader, called it “an orgy of self-mutilation.” De Castro privatized almost almost five hundred state-owned companies and banks, practically giving them away, since the point was to get them as quickly as possible into their rightful place in the economic order. He took no pity on local companies and removed even more trade barriers the result was a loss of 177,000 industrial jobs between 1973 and 1983.
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To rule with these bad policies and keep power, a reign of terror was committed, with US help. The CIA helped Pinochet have a secret police force to commit terror against the people, and to identify people like labor leaders or left-wing professors, who the government would kidnap, torture, murder.
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