You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Letters | CHILE’S FLAWED MODEL

Glaeser ignores brutality of Pinochet

EDWARD L. GLAESER suggests that Deval Patrick has a lot to learn from economists and from the recent history of Chile, which the governor visited last month (“In economists’ paradise, lessons for US,’’ Op-ed, Dec. 19). Unfortunately, Glaeser begins by distorting Chilean history, and thus misses the lessons that should have been drawn from it.

“After Pinochet took power in 1973’’, Glaeser writes, “he eventually turned to a cadre of free-market economists, the ‘Chicago Boys,’ ’’ who, like Glaeser, received their PhDs at the University of Chicago. “Chile’s subsequent rapid growth allowed economists to retain some influence.’’

Continue reading below

Pinochet didn’t just take over. He violently overthrew Salvador Allende, a socialist who had nationalized Chilean corporations. Pinochet then implemented the Chicago Boys’ privatization and deregulation plan. Rapid growth followed. But that was a bubble, and in 1982 the economy tanked and unemployment reached 30 percent - ten times what it had been under Allende.

Jerry H. Meldon

Medford
Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.