The Intelligence from The Economist Not fare enough: Chile’s protests
Oct 29, 2019
Wendelin von Bredow, a European business and finance correspondent, dives into the ongoing unrest in Chile where citizens demand a fairer distribution of prosperity, far beyond a simple fare hike. He discusses how the protests reflect deep-rooted issues of inequality and the need for substantial reforms in public services and taxation. Shifting gears, he analyzes the precarious situation faced by the Visegrad Four economies, exploring their growth challenges, labor shortages, and the impacts of migration and remittances on their stability.
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Chilean Protests' Deeper Roots
- Chile's protests, sparked by a transport fare hike, reveal deeper issues.
- These include low pensions, costly education and healthcare, and elitism.
Chile's History of Protest
- While the scale of Chile's protests is unusual, protests themselves are not unprecedented.
- Previous demonstrations focused on education and the pension system.
Chile's Inequality Paradox
- Chile's economic success, with high income and well-being, masks inequality.
- Reliance on private services creates a two-tier system.
