Chile once against shows it’s at the forefront of economic freedom. That nation’s economic system is based on having lower taxes, investor friendlypolicies and privatize Social Security system. Now they made it very, there will be no collective bargaining righst for Public sector unions. In fact, their Constitution forbids collective bargaining and the nation is a Right to work country.
Politics: What does one call a state whose Senate says “no” to its public employee unions for strikes and collective bargaining? Perhaps Wisconsin, but in fact Chile. Seems it still likes being tops in economic freedom and growth.
After two days of debate, a proposed change to Chile’s constitution allowing collective bargaining privileges and a “right” to strike for public unions was voted down. The change got just 21 votes, four short of a two-thirds needed. Even many of the left-leaning opposition abstained.
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The existing constitution makes Chile a full right-to-work country and expressly prohibits government collective bargaining and public employee strikes.
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Under that system, taxpayers foot the bill. The team of Milton Friedman-influenced economists known as “The Chicago Boys” understood this dynamic well and its potential for cutting into economic freedom.
It’s sad that Chile is economically more advanced than the United States. They learned from us and have even surpassed us on economic freedom. Milton Friedman is smiling from his graves at his students!
Tags: Chile, Milton Friedman, Public sector unions, Right to WOrk
