The Shining Star That Once Was Chile

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greg~judy
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The Shining Star That Once Was Chile

Post by greg~judy » Fri Nov 07, 2014 1:29 pm

~
yes indeed...
some allchileans are still wondering...
WTF...?
:|
The Shining Star That Once Was Chile
http://www.nasdaq.com/article/the-shini ... e-cm411483

What happened to the once shining star of capitalism in South America, Chile? Recently its economy has been teetering and its GDP plunged from 4.2% in 2013 to an estimate by the IMF of 2.0% in 2014.

The world’s largest copper producer has suffered from socialist influenza, courtesy of the new President Michelle Bachelet. Since Ms. Bachelet took over the reins of the government in the early part of this year, she has embarked on a series of reforms that threaten to undermine the prosperity of this most developed of South American countries.

The foremost is a “tax reform” undertaken by the government which was recently passed and will raise the corporate taxes from 20% to 27% by 2017 and close certain loopholes. Ms. Bachelet intends to use the additional revenue, slated to be in the billions of dollars, for social programmes such as free university education.

However, raising taxes on both wealthy individuals and corporations in an economic slowdown could undermine the economic expansion of the last 30 years, and Chile may be in danger of going the way of other socialist nations on that continent.

Quoting from a recent article in the Financial Times, “Now, however, Chile perfectly captures the catchphrase from last week’s World Bank/International Monetary Fund meetings: the “new mediocre.” Seven months into the new administration of socialist president Michelle Bachelet, growth has stalled in Chile and inflation is pressing upward.” I think a change of course is needed.
Things are not what they appear to be: nor are they otherwise.
--- Surangama Sutra
“If we want everything to stay as it is, everything will have to change."
--- Giuseppe Tomasi di Lamedusa

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fraggle092
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Re: The Shining Star That Once Was Chile

Post by fraggle092 » Fri Nov 07, 2014 2:57 pm

Once again Chilean politicians show their true worth, which is nowhere near the 12 million pesos they take home every month.

Given that the outcome of the last election was a shoo-in, between her presidential terms Ms. Bachelet had four years to come up with a coherent plan for reform.
Instead, what do we get? Too much paying attention to "la calle" or rather to certain pressure groups which push their agendas to the detriment of everything else, last-minute Improvisations, muddling through, incoherency, a divided Nueva Mayoría with strong anti-business undertones, a politically-correct declared agenda and a much less acceptable hidden agenda, and last and least, a lame-duck opposition that cannot get its shit enough together to formulate any reasonable alternatives.

Given that there was a generalized consensus for change even, albeit grudgingly, within the business community, this government is blowing the biggest chance for social improvement in 20 years. That infamous retroexcavadora phrase will haunt them for a long time.

The latest Adimark poll shows growing disapproval with the government. Time to announce a bono navidad to keep la calle happy....

http://www.adimark.cl/es/estudios/docum ... t_2014.pdf
Après moi, le déluge

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Kaitee
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Re: The Shining Star That Once Was Chile

Post by Kaitee » Fri Nov 07, 2014 4:55 pm

The problem with liberalism is that it sounds good on paper, but it doesn't feel good to live it in the real world. I don't know why people cannot fathom that redistribution of income is not a good thing. The takers lose because they don't want to work hard to get ahead, it's easier to sit and get free money. The givers lose because they have less motivation for working hard when the proceeds of their hard work are given to those who did not work. The liberals always say it is "for the poor" but after all these years of taking things for the poor, shouldn't there be less poor?

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gyroid
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Re: The Shining Star That Once Was Chile

Post by gyroid » Fri Nov 07, 2014 5:04 pm

and Chile may be in danger of going the way of other socialist nations on that continent
Or from other continents like Canada, Sweden, Denmark and Norway.

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eeuunikkeiexpat
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Re: The Shining Star That Once Was Chile

Post by eeuunikkeiexpat » Fri Nov 07, 2014 5:07 pm

Run away while you still can!

Chile is one of the "fragile eight" according to very experienced and reputable experts. Download report from here:
http://www.voxeu.org/sites/default/file ... neva16.pdf


So think very very carefully if you want to commit here. Maybe norteamerica or eurolandia is where you should make your stand instead.

As always, DYODD.
There are two ways to be fooled. One is to believe what isn't true;

the other is to refuse to believe what is true.

- Søren Kierkegaard

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gyroid
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Re: The Shining Star That Once Was Chile

Post by gyroid » Fri Nov 07, 2014 6:51 pm

eeuunikkeiexpat wrote:Chile is one of the "fragile eight" according to very experienced and reputable experts. Download report from here:
http://www.voxeu.org/sites/default/file ... neva16.pdf
Compared to some of the countries in this "Fragile Eight", Chile is made of stone (or at least copper :D ).

frozen-north
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Re: The Shining Star That Once Was Chile

Post by frozen-north » Fri Nov 07, 2014 7:02 pm

Kaitee wrote:
The problem with liberalism is that it sounds good on paper, but it doesn't feel good to live it in the real world. I don't know why people cannot fathom that redistribution of income is not a good thing.
I guess that if it wasn't for those liberals women would not be going to school. Of course, the rich could get private tutors.
Tax-supported schooling for girls began as early as 1767 in New England. It was optional and some towns proved reluctant. Northampton, Massachusetts, for example, was a late adopter because it had many rich families who dominated the political and social structures and they did not want to pay taxes to aid poor families. Northampton assessed taxes on all households, rather than only on those with children, and used the funds to support a grammar school to prepare boys for college. Not until after 1800 did Northampton educate girls with public money.

http://en.wikipedia.org/wiki/History_of ... ted_States

john
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Re: The Shining Star That Once Was Chile

Post by john » Fri Nov 07, 2014 7:04 pm

Kaitee wrote:The problem with liberalism is that it sounds good on paper, but it doesn't feel good to live it in the real world. I don't know why people cannot fathom that redistribution of income is not a good thing. The takers lose because they don't want to work hard to get ahead, it's easier to sit and get free money. The givers lose because they have less motivation for working hard when the proceeds of their hard work are given to those who did not work. The liberals always say it is "for the poor" but after all these years of taking things for the poor, shouldn't there be less poor?
A little knowledge is a dangerous thing.
One must care about a world one will not see.
--- Bertrand Russell

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gyroid
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Re: The Shining Star That Once Was Chile

Post by gyroid » Fri Nov 07, 2014 7:13 pm

Kaitee wrote:The problem with liberalism is that it sounds good on paper, but it doesn't feel good to live it in the real world. I don't know why people cannot fathom that redistribution of income is not a good thing.
http://en.wikipedia.org/wiki/Social_liberalism

Ayreos
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Re: The Shining Star That Once Was Chile

Post by Ayreos » Fri Nov 07, 2014 7:58 pm

So wait, after the many student protests the government decides to tax businesses to give out free education and people complain? There are two policies in today's political paradigm: raise taxes on the poor and cut services to stimulate business or tax business and the rich to create new services. Both are equally damaging, yet people always criticize the left and right governments, which they voted in the first place. I have yet to see any of you people propose a better policy, however. Perhaps because a modern government's main occupation is getting the blame for the populace's obsession with bread and circuses. In that light, it seems to me, their stipends are adequate.

And speaking of the GDP drop, might it be related to the unraveling of the copper market of the world's biggest buyer, China? Or the financial crisis sweeping the entire world since 2008, with no improvement despite all the smoke and mirrors from the media?
The truth is Chile is constantly being bullied and bought by the crusty old billionaires of the WTO into complying with their exploitation schemes. I currently work and live in Southern Europe and all of the countries i have visited this year would seriously kill for a 2% GDP growth coupled with the untapped mineral and natural products of Chile.

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fraggle092
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Re: The Shining Star That Once Was Chile

Post by fraggle092 » Fri Nov 07, 2014 8:09 pm

Not one frigging critique or insight about this country, (thats Chile, as in "Chile Forum") in the last few posts, just people getting up on their usual soapboxes, generalizing and quoting Wikipedia. Great stuff, keep it up.

Sorry Ayreos, you posted while I was ranting. Dont apply to you.
Après moi, le déluge

john
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Re: The Shining Star That Once Was Chile

Post by john » Fri Nov 07, 2014 9:27 pm

Ayreos wrote:So wait, after the many student protests the government decides to tax businesses to give out free education and people complain? There are two policies in today's political paradigm: raise taxes on the poor and cut services to stimulate business or tax business and the rich to create new services. Both are equally damaging, yet people always criticize the left and right governments, which they voted in the first place. I have yet to see any of you people propose a better policy, however. Perhaps because a modern government's main occupation is getting the blame for the populace's obsession with bread and circuses. In that light, it seems to me, their stipends are adequate.

And speaking of the GDP drop, might it be related to the unraveling of the copper market of the world's biggest buyer, China? Or the financial crisis sweeping the entire world since 2008, with no improvement despite all the smoke and mirrors from the media?
The truth is Chile is constantly being bullied and bought by the crusty old billionaires of the WTO into complying with their exploitation schemes. I currently work and live in Southern Europe and all of the countries i have visited this year would seriously kill for a 2% GDP growth coupled with the untapped mineral and natural products of Chile.
Excellent synopsis of the situation.
One must care about a world one will not see.
--- Bertrand Russell

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