SANTIAGO – Five years ago, after mass protests broke out over a rise in transport fares in Chile’s capital, President Sebastián Piñera made a little-noticed decision he hoped would prevent further social unrest: freezing a planned increase in electricity rates. But as time went on and Chile went through a presidential election in 2021 and two failed attempts at writing a new constitution, this short-term, politically-minded decision—unusual for Chile’s generally technocratic methods of deciding on electricity rate adjustments—became a costly ongoing policy. Successive…
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Publish date : 2024-11-11 10:54:00
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