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Chile veers left

FT News Briefing

Borrich's Plan to Scrap the Private Pensions

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The uprising of 20 19 was motivated by anger at inequality and expensive, poor quality public services in chile. One of he things that borrich said was that he was going to scrap the private pension plansd what does that look like? Yes, that's potentially very significant. It would give do state guaranteed pensions at a higher level to all chilians. But of course, if you do that, you run the risk of destroying the local capital market or severely limiting it. And so that has been quite controversial.

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