Chile’s much-belabored “economic miracle,” fashioned from high growth rates, macroeconomic stability and explosive export expansion, is widely considered by neoliberal advocates to be the masterpiece of the economic model that the International Monetary Fund (IMF) has lauded and sought to replicate around the world. In Latin America, where significant state intervention has been the economic leitmotif for decades, Chile has distinguished itself in recent years as a champion of the Washington Consensus which is...


