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Montevideo, March 20th 2023 - 19:49 UTC



Bloomberg's pessimistic outlook of Chile's once shinning future

Saturday, December 18th 2021 - 09:38 UTC
Full article 4 comments

For decades, Chileans watched from afar as their South American neighbors grappled with galloping inflation, financial crashes, and extreme political swings, destabilizing forces that compelled the wealthy to send hundreds of billions of dollars to havens in Switzerland, the Cayman Islands, or the U.S. Read full article


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  • Pytangua

    “.... compelled the wealthy to send hundreds of billions of dollars to havens in Switzerland” - what an insult to say that these rich vultures were 'compelled' to end their money to tax havens! The Latin American elite such as in Chile are voracious egotists who need to be removed once and for all.

    Dec 18th, 2021 - 12:39 pm - Link - Report abuse -1
  • FortHay


    Right you are; no one compells anyone to move their money (usually illegally) to tax havens. You, however, insult wealthy people by implying they are all 'vultures'. Surely, there are economic carrion feeders among the rich, but it is incorrect to label an entire economic class with a pejorative. At the very least, a considerable portion of wealth is legitimately created and government's policies at expropriating this wealth can be interpreted as legalized theft.

    Dec 18th, 2021 - 04:10 pm - Link - Report abuse 0
  • PanamaJim

    Money goes where it is well received. Chile's future has dimmed over the past few years. So sad to see.
    Chileans and their money are welcome in Florida, a truly Free State.

    Dec 18th, 2021 - 05:08 pm - Link - Report abuse 0
  • Brasileiro

    Exponentially taxing asset transfers between nations, international transfers of profits, and stock market earnings would improve our perception of the rich.

    And if they no longer want to invest in our America, that's no problem. We'll find whoever wants to.

    Dec 19th, 2021 - 01:38 pm - Link - Report abuse 0

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