Capitalism on Trial in Chile

Published: Nov. 15, 2019, 10:50 a.m.

Free-market economists once talked about \u201cthe miracle of Chile,\u201d praising its policies as Latin America\u2019s great economic success story. But recently, over a million people have flipped the script, taking to the streets and facing down a violent police response as they demand a reckoning on the promise of prosperity that never came.\n\nToday, we explore how, in Chile, capitalism itself is now on trial.\n\nGuest: Amanda Taub, who explores the ideas and context behind major world events as a columnist for The Interpreter at The New York Times, spoke with Annie Brown, a producer for \u201cThe Daily.\u201d For more information on today\u2019s episode, visit nytimes.com/thedaily.\xa0\n\nBackground reading:\xa0\u201cIt\u2019s not 30 pesos, it\u2019s 30 years.\u201d Our correspondent went to Santiago, the Chilean capital, to understand how a small hike in public transportation fares ignited mass protests.After weeks of demonstrations, Chile\u2019s president said he would support a new Constitution. But for many, it was too little, too late.Our correspondent went inside a trauma unit in Chile that\u2019s responding to \u201can epidemic\u201d of protesters who have been shot in the eye by police pellet guns. Watch the video below.