Chile Is in Recession, But Will Rebound, Says Finance Minister Quiroz

We are being promised economic growth, record investment, greater confidence and all the benefits of cutting through red tape. Interestingly, many of these claims are projections, expectations or interpretations presented as certainties. Apparently, all that remains is for citizens to trust the process and wait for the promised results.

But trust based on what? In just eight to ten months, households and the middle class have already faced considerable economic pressure. Meanwhile, we are told that investment will bring progress, yet very little is said about how much real development will remain in the country, who will benefit and who will ultimately bear the environmental and territorial costs.

Because approving projects is not the same as creating development. And if the damage eventually has to be repaired with public money, the profits may be private, but the bill belongs to everyone.

Is that progress, or simply passing the costs on to future generations?

Sinverguenza, coludido, delincuente y un pillo. De aquellos, este presonaje esta puesto por la. Derecha chilena para detrozar el. Pais, privatizar y pasarle en manos de sus amigos lo. Poco que queda de esta nacion. Un satrapa tipico representante de la derecha abusiva y penca como. Dicen. En mi pais.

The interviewee is Jorge Quiroz, known for advising companies on anti-market practices, primarily collusion, regarding basic food items in Chile, a country where these types of crimes are unfortunately handled differently by the justice system. He was indeed sentenced to prison, but not for that reason; rather, for driving under the influence and refusing to take a breathalyzer test. However, he got off scot-free, as he had the money to pay his bail. President Kast considered this background ideal for appointing him Minister of Finance. Thanks to that team, Chile is now in recession, with 10% unemployment and unprecedented negative projections since the dictatorship. And this is just the beginning.