In broad terms, there are two strains of government in Latin America: the new populism, exemplified by Venezuela or Argentina, and the pro-market model long represented by Brazil, Chile, Colombia and Peru. Will Chile pull back from this paradigm if the Socialist former president, Michelle Bachelet, wins the presidential election as expected on Sunday?
Not necessarily. When Ms. Bachelet was president, from 2006 to 2010, she focused on health care and social welfare programs for the elderly and medical care for pensioners. But she was broadly popular and represented a center-left coalition that had held power for two decades and had not undermined free-market capitalism.… Seguir leyendo »