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peppertree

(23,372 posts)
6. You're welcome, Judi. Here's hoping young Mr. Boric can navigate Chile's tricky politics
Mon Dec 20, 2021, 01:14 PM
Dec 2021

To say nothing of their business elite, which whom he'll have to be careful - as they could take the country hostage if they wanted to.

Unlike Argentina, whose economy is spread out among many medium-to-large businesses (besides the small ones), Chile's is largely controlled by a few mega-conglomerates - a few of them (like retail giant Cencosud - the one founded by a Nazi), the largest in their sector in all of South America.

His real challenge, though, will be to nationalize their scam private pension system - which leaves most contributors so little in their plans, 75% of them become dependent on a government subsidy when they retire (so much for "private" ).

Boric will therefore have to tread lightly - but I'm sure he knows that better than anyone.

Thanks again for reading and sharing - and Happy Holidays!

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