On the foreign policy front, Castillo's victory will represent a huge blow to U.S. interests in the region and an important step towards reactivating Latin American integration.
Even if everyone agreed that printing another trillion dollars to finance a basic income for the poor would boost neither inflation nor interest rates, the rich and powerful would still oppose it. After all, their most important interest is not to conserve economic potential, but to preserve the power of the few to compel the many.
'Allende Is Smiling': Chilean Voters Elect Progressive Alliance to Rewrite Pinochet-Era Constitution
"Chile will be the grave of neoliberalism!"
More than half of the country's 100 largest low-wage employers rigged pay rules in 2020 to give CEOs 29 percent average raises while their frontline employees made 2 percent less.
When nations co-operate, corporations have a hard time playing us off against each other in pushing for ever-lower taxes.
"Poor countries are developing rich countries, not the other way around."
"The people of Colombia are being executed at the altar of austerity by a government that has lost its legitimacy in their eyes," said Progressive International.