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  • Election Of Socialist Is Bad Omen For Free-Market Chile

    12/17/2013 8:03:25 PM PST · by IBD editorial writer · 42 replies
    Investor's Business Daily ^ | 16 Dec 2013 | Editorial
    Leftism: Chile has long been a global model of free-market economics. But on Sunday, it elected socialist Michelle Bachelet, who ran on a platform of tax hikes and "free" education. What drives a country to reject success? Bachelet took an astonishing 62% of the vote against her more conservative rival, Evelyn Matthei, who drew just 38%. It wasn't entirely surprising: Bachelet projected a cheery, confident, maternal demeanor and made few gaffes, quite unlike the less polished Matthei. She also had a good record: As president from 2006 to 2010, she left office with a phenomenal 84% popularity rating — in...