Chile’s future government will fall on a political extreme

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Chile’s centrist candidate was completely eliminated in Sunday’s first round of vote, which now leads to a runaway election between a far-right and a far-left candidate.

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why it mattersThe outcome of the second round of voting, to be held on 19 December, will have an impact on the increasingly polarized Chile and how the country’s economy, which is backed by key natural resources such as copper, is handled.

description: 35-year-old Left Congress member and former student leader Gabriel Boric will face Jose Antonio Cast, a 55-year-old extremist. Lawyer with whom defended The dictatorship of Augusto Pinochet.

  • Kast received 27% of the vote on Sunday – the most among all the candidates.
  • borik the champion By levying more taxes on companies, reforming pensions, and increasing funding and tightening regulations to try to reduce the environmental impacts of state-owned mining company, Codelco.
  • closet offer of privatizing that company and possibly Establishment export taxes Or output royalty on copper, who can Growth metal price.
  • Chile is the largest producer of copper in the world and the second largest producer of lithium, which is important for both electronics and manufacturing. Renewable energy technologies.

Reference: Andean nation is the largest Economic advanced country in Latin America and the Caribbean, although it is still plagued by socioeconomic inequalities,

  • Tensions about those inequalities emerged in mass protests two years ago that led to a constitutional amendment process.
  • Currently, Chile has a 1980 constitution, drafted by the Pinochet regime and which critics say is too harsh for issues such as social security reforms.
  • The convention that drafted a new constitution has pushed the progressive proposals It could depend on whoever gets elected in December.

big picture: Since its return to democracy in 1990, Chile has center-left and centre-right presidents. He will change with Borik or Cast.

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