The Leftist Millennial Who Could Lead One of Latin America's Wealthiest and Most Unequal Countries, by Ciara Nugent, on Gabriel Boric

“Ten years ago, Gabriel Boric was a 25 year-old student protester... leading tens of thousands of young people through the streets of Santiago. As head of a major student union, he shook Chile’s establishment by leading rallies that brought reforms to Chile’s privatized education system. Today... Boric is within striking distance of Chile’s presidency. Chile’s Dec. 19 election, where Boric holds a narrow lead, is the most high-stakes moment yet in a tumultuous two year national debate over the market-centered economic model established by military dictator Augusto Pinochet in the 1980s. With deregulated business and privatized public services and natural resources, the system helped make Chile a haven for foreign investors and one of the richest countries in South America. But it has also generated the highest rate of inequality in the OECD group of developed nations and untenable living costs for poorer Chileans, with six in ten households earning too little to cover monthly expenses...”

“Starting in October 2019, hundreds of thousands of people participated in months of anti-government protests—a so-called “social explosion” — which culminated in a national vote in 2020 to rewrite the Pinochet-era constitution. If elected, Boric, who has spent the past seven years as a congressman arguing for the ideals expressed in the social explosion, promises to kill off the old model for good. A Boric - led leftwing coalition would hike taxes on major industries, ramp up public spending to overhaul services, and scrap the private pension system that has underpinned Chile’s capital markets. “If Chile was the cradle of neoliberalism, it will also be its grave,” he told a rally in July after winning the primary for leftist bloc Approve Dignity.”