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Chile a country with a growing disappointed middle class, says Financial Times

Wednesday, October 3rd 2012 - 01:42 UTC
Full article 27 comments

The influential business newspaper Financial Times dedicated a special edition to the Chilean economic and social situation and concludes that given the massive demonstrations against energy projects and in favour of education reform, “doing business” in the country has become difficult plus there is growing disappointment in the middle class. Read full article

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  • Fido Dido

    Comment removed by the editor.

    Oct 03rd, 2012 - 02:29 am - Link - Report abuse 0
  • British_Kirchnerist

    Chile moving left, looking forward to the return of Bachelet =)

    Oct 03rd, 2012 - 02:50 am - Link - Report abuse 0
  • JP

    It's because of racist comments such as Fido Dido's that Argentines are the least liked in Latin America.

    If Argentines are so “white” and therefore—in your view—“superior” to the rest of Latin Americans, why do you have the very same problems that abound in all the countries in the region: poverty, inequality, underdevelopment?

    Oct 03rd, 2012 - 06:00 am - Link - Report abuse 0
  • The Chilean perspective

    “Chile a country with a growing disappointed middle class”
    Well it's simple really, they look around and see an almost developed country, but life's still so damned hard. There's the bills, mortgage payments, the car, fuel prices always going up, credit cards etc. Many long for the promise of a fully developed economy, where they'll all be like the Brady bunch.... SORRY!! They don't have a clue do they.. The developed world is full of the same problems sure your salary is higher but your expenses are higher too. They are going to have to wake up and realize it's all sweat and hard work if you want to get ahead in life, whether it's in Canada, Sweden or little Chile. There's no such thing as a free lunch.
    Piensan que en el mundo desarrollado todo es jamón, pero no es asi.

    Oct 03rd, 2012 - 10:08 am - Link - Report abuse 0
  • briton

    what about a south American british Federation ..
    Chile can be the first to join,
    followed by patagonia .Uruguay, paraguay ,bolivia ,
    the possabilties are endless.

    Oct 03rd, 2012 - 10:16 am - Link - Report abuse 0
  • Conqueror

    @5 Wouldn't quarrel with Chile, Paraguay and Patagonia would be funny. Uruguay? Not until Mujica has gone. Bolivia? No chance!

    Oct 03rd, 2012 - 11:27 am - Link - Report abuse 0
  • Condorito

    The FT is quite right about the nature of the problems – they are problems that have arisen from success.
    The problem for us is one of public expectation. If public expectation forces bad policy, we will slip back to where we were. People need to think about record low unemployment, their own job and then look to foolish debt levels in Europe, then ask: how did we keep growing through the credit crash? Why weren’t we floored by an earthquake that shook 20% of GDP to rubble? how do we keep growing through the global recession? The answer is: intelligent macroeconomic policy, tight fiscal control and ample counter-cyclical measures for a rainy day.

    Keep the faith compatriotas, no whining until we are out of the “Sargasso Sea”, three sheets to the wind, steady as she goes.

    2 BK
    Yes Massa, yes massa. Massa BK has put his pith helmet on over his red star beret and is telling us funny southern folk what is good for us again.

    4 TCP
    I agree.

    5 + 6
    The commonwealth is open to any nation to join (subject to vote). There are even ex-French colonies in the British Commonwealth.

    Oct 03rd, 2012 - 01:53 pm - Link - Report abuse 0
  • ElaineB

    BK is very ignorant about politics.

    Chile is developing slowly but surely and it is natural for the middle classes to aspire to more. When I talk to Chileans I can see some similarities with the British, we tend to complain but forget to count our blessings. They need only hop over the Andes to see how much better off they are.

    Oct 03rd, 2012 - 02:04 pm - Link - Report abuse 0
  • Conqueror

    @7 briton didn't mention the British Commonwealth.

    Oct 03rd, 2012 - 02:25 pm - Link - Report abuse 0
  • Guzz

    Try it, you two :)
    You'll get kicked so badly, your clothes will again be fashion when you come to senses :)))

    Oct 03rd, 2012 - 03:16 pm - Link - Report abuse 0
  • Yuleno

    I think it's important to note what people pick out in an article and what they post in other articles.eg-
    There are ongoing protests and demonstration in cities and in rural areas against electricity power plants which are essential if the country is to retain its leading position in the exploitation of several minerals.
    Will the Mapuche benefit from Chile's growth in electricity generation,mineral and forest resources.Is it just the deprived 'middle class' that are in pain and anguish.

    Oct 03rd, 2012 - 07:01 pm - Link - Report abuse 0
  • The Chilean perspective

    7 Condorito
    Another great annalisis by you bro. I've got my back to the wind and I'm not turning back.

    Oct 03rd, 2012 - 07:50 pm - Link - Report abuse 0
  • ChrisR

    Guzz

    What is the MATTER with you?

    Threats now, and you don't even live in the sinkhole that AG is fast becoming.

    You had a go at me; several in fact, are you unhappy with your life?

    If so, do something positive about changing it rather than bleat on and on and on.

    Just get a grip!

    Oct 03rd, 2012 - 08:12 pm - Link - Report abuse 0
  • Guzz

    Chris, whom did I threaten? By the way, you don't live in Arg either, who are you to critizise??

    Oct 03rd, 2012 - 08:22 pm - Link - Report abuse 0
  • Anbar

    “”“They don't have a clue do they.. The developed world is full of the same problems sure your salary is higher but your expenses are higher too. They are going to have to wake up and realize it's all sweat and hard work if you want to get ahead in life, whether it's in Canada, Sweden or little Chile. There's no such thing as a free lunch.”“”

    QFT

    Oct 03rd, 2012 - 08:40 pm - Link - Report abuse 0
  • St.John

    The Chilenos of the middle clas, whom I know, feel that they pay for everything. The poor, of course, can't and the rich don't because they control the tax rates, which are low on non-labour incomes.

    A problem similar to the one in the US, where money earned on speculation is taxed at 11% while money earned from labour is taxed at 36% or even more.
    - - -
    @ 3 JP

    Argentina etnically clensed the country about a century ago, it was called the “blancheado”. She encouraged European immigration, preferably from Northern Europe, but the immigrants arrived mainly from Italy and Spain, bringing with them mediterranian mentality, which is good because it emphasises living a pleasant life, but also caring little about the distant future. In my experience long time planning in Argentina means a plan for the next few weeks or months.

    Oct 03rd, 2012 - 08:44 pm - Link - Report abuse 0
  • Guzz

    I guess Europe plans too far ahead then :) can't see the wood for the trees? It's not Arg facing austerity :))

    Oct 03rd, 2012 - 08:48 pm - Link - Report abuse 0
  • ProRG_American

    No secret revealed here. Quite a tribute to the Chilean “Successful economic model”. Wealth but only for a few.

    Oct 03rd, 2012 - 09:03 pm - Link - Report abuse 0
  • St.John

    Wel,, not wealth but only for a few, but less affluence than the Chileno middle class expects.

    Oct 03rd, 2012 - 09:09 pm - Link - Report abuse 0
  • ChrisR

    Guzz

    Go check your post on the topic with I don't Think' about me being a 'nutcase, (the biggest liar on MercoPress's remark) and THEN tell me you did not abuse me, if only by agreeing and association with him.

    Oct 03rd, 2012 - 09:26 pm - Link - Report abuse 0
  • Truth_Telling_Troll

    South American British Federation...

    Still holding on to those dreams that Argentina single-handedly put the kibosh over?

    These Brits, they love humiliation. Try invading Buenos Aires or Patagonia again... hahahahaha

    Oct 03rd, 2012 - 09:31 pm - Link - Report abuse 0
  • Guzz

    Chris
    I don't think you are a nutcase, it doesn't matter whom I'm posting to.
    I do agree with him that those comments he referred to were quite amusing though, and you DID choose the land of the nicknames yourself, after all ;)

    Oct 03rd, 2012 - 09:41 pm - Link - Report abuse 0
  • briton

    it was only an idea,
    but of course i did not mention the british commonwealth,

    after all, what have you argies got in common with us,

    lol.

    Oct 03rd, 2012 - 10:02 pm - Link - Report abuse 0
  • mastershakejb

    Chile's a great country that deserves more, sadly it has two poor neighbors, and another neighbor that is the world's biggest jackass and impossible to do business with. They're a great distance from countries that have decent revenue, income, or trade.
    It will still grow and be successful, but it has to temper its expectations, due to its geographical location.

    Oct 03rd, 2012 - 10:25 pm - Link - Report abuse 0
  • Guzz

    Mastershake
    A bit like you with your expectations of morals (or lack of), for similar reasons...

    Oct 03rd, 2012 - 10:38 pm - Link - Report abuse 0
  • Ayayay

    @7 Condorito (& Chilean P), beautiful words :)
    More, please :)

    I've read about the 'plateau effect' of development but it sounds so beautiful when you say it.

    ONWARDS!!

    Oct 03rd, 2012 - 10:48 pm - Link - Report abuse 0
  • Condorito

    @12 TCP
    ¡Por la razon o la fuerza!

    @ 26 Ayayay,
    From the land of poets, you are welcome.

    Oct 04th, 2012 - 02:56 pm - Link - Report abuse 0

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