Chilean governments preserved Pinochet’s austerity model after the dictatorship fell

Evidence

30 Functional Distribution of Income (Percent), Table 2, base 1977 in Agacino and Madrigal (2003, 47). Here the rate of exploitation is calculated as net profi ts/wages. Th e authors show that the trend continues, even if at lower rates, aft er the fall of Pinochet. Th e change in regime does not mean a change in the underlying austerity agenda. For a brief discussion on how successive governments in Chile preserved Pinochet’s economic and institutional model, and on the current struggles to gain back citizens’ role, see Vergara (2021). — Clara E. Mattei, The Capital Order, 1739

Categorization

• XREF: Directly parallels Mattei’s core thesis that austerity outlives the regimes that first imposed it — connects to how interwar austerity persisted after fascism and to how Thatcher/Reagan-era austerity persisted after their administrations. — connects to: Policy continuity in Pinochet’s Chile survived ministerial turnover through direct loyalty to Pinochet — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1571; Chile’s neoliberal economic model survived the transition to democracy despite electoral defeat — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1606; Neoliberalism in Chile outlasted dictatorship by adapting to democracy — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1614 (+4 more)
• DEEPTHINKING: Embodies the book’s central claim: regime change does not change the underlying austerity agenda, so democratic transitions can leave the class architecture intact.

Broader Connections

• Chile’s neoliberal economic model survived the transition to democracy despite electoral defeat #corroborates (0.90) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1606
• Policy continuity in Pinochet’s Chile survived ministerial turnover through direct loyalty to Pinochet #corroborates (0.85) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1571
• Neoliberalism in Chile outlasted dictatorship by adapting to democracy #corroborates (0.85) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1614