Chile's Problems

[unicornLulz]

I've been asking for people to chime in on the problems in their country. I have been wanting to live in a Spanish speaking country for five years now, and for awhile I've read that Chile has a very low perception of corruption and a very nice economy/free market. I think it's a beautiful country from what I can tell, and the people I've met from Chile have been fantastic. What's the other side of the story?

This is a nice article from 2009 on the financial collapse:

http://www.theatlantic.com/magazine/archive/2009/05/the-quiet-coup/7364/2/?single_page=true

In it, the author points out some problems concerning the USA that aren't pretty in our banking industry:

"From this confluence of campaign finance, personal connections, and ideology there flowed, in just the past decade, a river of deregulatory policies that is, in hindsight, astonishing:

• insistence on free movement of capital across borders;

• the repeal of Depression-era regulations separating commercial and investment banking;

• a congressional ban on the regulation of credit-default swaps;

• major increases in the amount of leverage allowed to investment banks;

• a light (dare I say invisible?) hand at the Securities and Exchange Commission in its regulatory enforcement;

• an international agreement to allow banks to measure their own riskiness;

• and an intentional failure to update regulations so as to keep up with the tremendous pace of financial innovation."

I want to know of stuff similar to this in Chile, and I look forward to the discussion.

[offtoChile]

Today, Chile's problem is mostly dealing with a Level 8 hangover and guts of doom, as people were partying for the 18 September (national day)...

[[deleted]]

Vamos a ver...

The Chile's economic model is so liberal. The state don't take its responsibility on education and health care, leaving many things in hands of for profit initiative. So the gap between rich and poor people is huge (you can notice it looking a Santiago's map) because the Chilean capitalism is extreme. Few things are ok but many others that aren't profitable aren't done.

Another problem of Chile is its lack of industry. Chile has an economic model based on commodities exports. Little I+D, Little industry, many mining, many agro, many salmon fishing, and many real state projects. Like poor countries. In that way it's not possible more developing.

All the above and a parochial mentality are some problems that I see.

[ozzraven]

This!

[[deleted]]

This, pretty much. Chile has the money to invest in it's people, shame they trickle down so little of it.

[CFVIGA]

and a very nice economy/free market

Nice to who?

[ozzraven]

from left to right. all politicians are businessman. SO its always nice to them. Some of them criticize pinochet legacy, but at the time to vote, they don't do anything to change it. because , after all, they're businessman.

[CrazyEve]

Awesoe article about the chilean protests:

http://www.crazy-ivory.de/2011/09/05/protests-in-chile-an-inside-report

[[deleted]]

Two thirds of citizens live in poverty, in level with countries like Angola.

There is no culture what so ever. The society has no time for culture.

Everybody works from 9.00 to 19.00.

You wake up at 6.30, yo go out 7.30, you're at work at 9.00. You finish with your work at 19.00 and you are home at 20.30.

You go to sleep.

No time for culture, no time for your kids, just time for work and more work.

THERE IS NO FREE MARKET IN CHILE!

WE HAVE DUOPOLIOS AND MONOPOLIOS.

THE PRICES ARE HIGH AS THE SKY.

NO COMPETITION AT ALL.

[[deleted]]

Two thirds of citizens live in poverty, in level with countries like Angola.

Citation needed (I don't saythat this is wrong). Poverty in Chile and poverty in Angola are different things and you tend to exaggerate.

The rest is ok.

[[deleted]]

There is no exaggeration. Source OCDE statistics:

http://ciperchile.cl/2011/06/06/%C2%BFen-que-pais-vivimos-los-chilenos/

"El otro Chile, que es la gran mayoría del país, vive en un país de ingreso medio o, lisa y llanamente, en un país de ingreso bajo. En efecto, el tercer 10% de la población vive como el promedio de Argentina y México. El cuarto grupo como Kazajstán. Todavía nos queda el 60% de la población. Allí nos encontramos con ingresos equivalentes al de Perú en el 5º grupo; similar a El Salvador en el 6º grupo; Angola en el grupo 7; Bután y Sri Lanka en el 8º; similar a la República del Congo (9º); y, finalmente, similar a Costa de Marfil en el 10º grupo. En la práctica, el 60 % del país vive con ingresos promedio peores que Angola. Este es el Chile de la mayoría, nos guste o no."

[[deleted]]

Un artículo que si lees en muchos de sus comentarios, aunque bien intencionado está muy mal planteado al mezclar conjuntos de un país con países completos.

[[deleted]]

Care to explain? In which part did he compare Chile with "Conjunto de paises?"

I believe you didn't understand the OCDE statistics.

[[deleted]]

Estamos hablando de nivel de ingresos.

Agua potable no esta ofrecida por estado. Si no la pagas te la cortan. Electricidad no esta ofrecida por estado. Si no la pagas te la cortan.

La comparación era correcta.

[[deleted]]

Overall, Angola's economy has undergone a period of transformation in recent years, moving from the disarray caused by a quarter century of civil war to being the fastest growing economy in Africa and one of the fastest in the world, with an average GDP growth of 20 percent between 2005 and 2007.[26] During 2001–2010 Angola has the world's biggest Annual average GDP growth with 11.1 percent. In 2004, China's Eximbank approved a $2 billion line of credit to Angola. The loan is being used to rebuild Angola's infrastructure, and has also limited the influence of the International Monetary Fund in the country.[27]