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Jacobin Radio: 50 Years of Chilean Politics w/ Marc Cooper

Jacobin Radio

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The Chilean State Is a Key Player in the Chilean Economy

The Chilean state is very weak and underfunded, but it plays a central role in supporting the private sector. The average pension in Chile is about $250 a month, which is half of the minimum wage. And so the pension system has failed completely. Jefferson: We got just from calling it free market economics Milton Friedman style to neoliberalism.

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