Capitalism on Trial in Chile

Free-market economists once talked about “the miracle of Chile,” praising its policies as Latin America’s great economic success story. But recently, over a million people have flipped the script, taking to the streets and facing down a violent police response as they demand a reckoning on the promise of prosperity that never came.

Today, we explore how, in Chile, capitalism itself is now on trial.

Guest: Amanda Taub, who explores the ideas and context behind major world events as a columnist for The Interpreter at The New York Times, spoke with Annie Brown, a producer for “The Daily.” For more information on today’s episode, visit nytimes.com/thedaily. 

Background reading: 

“It’s not 30 pesos, it’s 30 years.” Our correspondent went to Santiago, the Chilean capital, to understand how a small hike in public transportation fares ignited mass protests.After weeks of demonstrations, Chile’s president said he would support a new Constitution. But for many, it was too little, too late.Our correspondent went inside a trauma unit in Chile that’s responding to “an epidemic” of protesters who have been shot in the eye by police pellet guns. Watch the video below.