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The supposed “economic miracle” of Chile, which received its name from American economist Milton Friedman, was a set of liberalising economic measures put in place during the dictatorship of Pinochet, that imposed a free market in the country with the support from the United States. This economic system, that continues to be implemented today in Chile, has benefitted the economic elites whilst creating inequality and suffering for the majority. It’s hardly surprising that thanks to these neoliberal reforms promoted by Friedman, the 90s became the lost decade of Latin America.

https://www.opendemocracy.net/en/democraciaabierta/chile-en-llamas-el-modelo-neoliberal-en-crisis-en-toda-la-regi%C3%B3n-en/