Chile : free market economics on trial / Joe Collins ; interviewed by Bob DeBolt.
Joe Collins, co-founder with Frances Moore Lappe of the Institute for Food and Development Policy, discusses his lates book about Chile. According to the Reagan and Bush administrations, Chile is a success story following the path of the free market. Collins disputes that view, arguing that the "free market" (or private sector control of an economy) has devastated health care, labor, education, income distribution, social security and the environment of Chile. The system benefits the rich, and is authoritarian and repressive. The end result is that 50% of Chileans are in poverty, with people living of $20 a month pensions. Literaly 70% of income is spent on food. He concludes that the lessons of Chile's free market should be applied before "free market" models are used to shape Russia and Eastern Europe.|CHILE : FREE MARKET ECONOMICS ON TRIAL / Joe Collins| interviewed by Bob DeBolt. - Joe Collins, co-founder with Frances Moore Lappe of the Institute for Food and Development Policy, discusses his lates book about Chile. According to the Reagan and Bush administrations, Chile is a success story following the path of the free market. Collins disputes that view, arguing that the "free market" (or private sector control of an economy) has devastated health care, labor, education, income distribution, social security and the environment of Chile. The system benefits the rich, and is authoritarian and repressive. The end result is that 50% of Chileans are in poverty, with people living of $20 a month pensions. Literaly 70% of income is spent on food. He concludes that the lessons of Chile's free market should be applied before "free market" models are used to shape Russia and Eastern Europe. - RECORDED: Santa Cruz, Ca. 5 Mar. 1991.