Tuesday, 11 September 2018

Allende’s Last Speech

quote [ Salvador Allende was killed 45 years ago today in a US-backed coup. Here's his final address, broadcast over the radio while he was barricaded in the presidential palace. ]

Allende's 1973 murder ushered in the reign of Pinochet along with a new Chile constitution heavily influenced by the father of neoliberalism, James Buchanan. The goal was to lock the common citizenry out of the political process and ensure that the power remained in the hands of the rich. Industry labor unions were banned, banks were deregulated, public universities were required to become self-financing, teachers were purged from universities, social security and health care were privatized.

In 1975 the economy shrank by 14%. Inequality soared and still remains high to this day. A number of banks and finance companies then had to be taken over by the state, due to reckless lending. Etc. Etc. Buchanan's neoliberal Chilean acolytes were then fired, but not before recommending a cut in minimum wage as the one of the solutions. :P

Meanwhile... in the US. James M. Buchanan: The Architect of the Radical Right

[SFW] [history] [+5 Informative]
[by steele@8:40pmGMT]

Comments

hellboy said @ 9:41pm GMT on 12th Sep [Score:3 Underrated]
Fuck Henry Kissinger.
Spleentwentythree said @ 3:14am GMT on 12th Sep
I could have sworn that was austin powers

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