Conglomerate failures during the 1980s discredited both Chilean neoliberalism and the junta.

Evidence

However, the poor performance of the conglomerates during the 1980s gave even the newly empowered customers the feeling that neither neoliberalism nor the junta could keep the original promises that had been made. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1588

Categorization

• XREF: Echoes the later Latin American debt crisis and the eventual turn away from the Chicago model; connects to broader narratives of neoliberal legitimacy crises.