Capitalism on Trial in Chile

The Daily

The New York Times

News, Daily News

4.3 • 107.6K Ratings

🗓️ 15 November 2019

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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.

Transcript

Click on a timestamp to play from that location

0:00.0	This is a paid advertisement from BetterHelp Therapy Online.
0:04.7	When you're at your best, you can do great things, but you can't be at the top of your
0:09.2	game all the time.
0:10.8	Working with a therapist can get you closer to the best version of you.
0:14.9	BetterHelp can provide access to over a thousand mental health professionals with a wide variety
0:19.4	of expertise.
0:21.0	Get 10% off your first month at BetterHelp.com slash daily pod.
0:26.0	From New York Times, I'm Michael Barrow.
0:33.0	This is The Daily.
0:36.0	Today, Chile's free market reforms have been celebrated as an economic success story until
0:49.1	they were.
0:51.1	The Daily's Annie Brown speaks to our colleague Amanda Talb about why in Chile, capitalism
0:57.8	itself is now on trial.
1:03.2	It's Friday, November 15th.
1:09.8	So Amanda Talb, let's start back at the beginning of last month.
1:13.6	What was going on in Chile?
1:15.4	We're going to talk about what we used to do in the past.
1:26.6	Our system in Santiago, it was 30 pesos which might not sound like a lot, that's about
1:46.3	really struggling to make ends meet.
1:56.9	Soon after the fair was announced, it was actually high school students in the center of Santiago.
2:03.5	We first started this kind of civil disobedience protest movement where they started out by jumping
2:14.0	turn styles or holding gates open for people so they could avoid paying the metro fairs
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The New York Times, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The New York Times and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.