Here's something for you all to pick at
I'm not an economist, but my take on Chile is that as long as the Mining industry ticks on undisturbed, the economy will be mainly OK. That industry, already semi-automated and employing small numbers of highly-paid workers is the motor of Chile, bringing in the Dollars to pay for all the Chinese goods that Chileans are so fond of, and providing many thousands of additional jobs in support industries.
The other export industries, forestry, fruit, wine and fish farming contribute, but Copper is still king. Every other activity here, with the possible, minor exception of Tourism, doesn't bring money into the country. In the face of disappearing national manufacturing industry, what is going to happen in the future given a society with ever-increasing material expectations?
Bachelet's educational reforms guaranteeing University education seems to me to be the perfect medium for producing a great many Arts and Humanities graduates who will never work in their chosen field - a permanent pool of the discontented - educated enough to expect better in a country too small to support them, prime "Activist" material that will probably eventually end up in the already-swollen and radicalized Bureaucracy. We have already seen the first crop of politicians who have gone straight from college politics to government. The results so far have not been encouraging.
Its worth remembering that Professor Abimael Guzman successfully indoctrinated his students in Peru to form Sendero Luminoso
, which resulted in a virtual civil war with 70.000 deaths- dwarfing the much-more-widely publicized Chilean golpe. No,that couldn't happen here, maybe the "activists" will just continue with their peaceful manifestations....
This country is sleepwalking into the future. There's no planning continuity from government to government, with a political class that lives in an isolated bubble, getting their information at second or third hand, and producing badly-drafted laws based on the issues of the moment. Maybe that worked in the past, but Chile is more complicated these days and demands much more professional and honest leadership than it has been getting lately.
Chile does have talented and honest people. If I were one of them,
I would be looking to get out of the place ASAP if things continue as they are going.
Bienvenidos a Chaqueteo City.
Après moi, le déluge