Compelling opportunity, page-4129

Hi borat............thats an old chart. @8horse was referring to the recent election in Chile. Chile had a right of centre government for many years and in fact many years back it was "far right", to the point of being fascist, when the millitary junta rang the place, you might remember the name Pinochet. Well he was ex military before being president and originally came to power through a real coup d'etat, not the fake coups the media talk about say with all that nonsense they carry on about the Jan 6 riots in the US last year where a few clowns wearing viking helmets got carried away.

In Pinochet's reign they didnt put up with any nonsense from people with communist sympathies, and there are many of those types of people in South America . Just go north and have a look at Venezuela as the most obvious example. Anyway Pinochet and his thugs would round the commies up and shoot them. In fact in one famous episode in Chile they rounded up a whole soccer stadium up of the extreme left wing agitators and not one of those agitators came out of that stadium alive. So even post Pinochet the right wing government always was soon as cronies from his era but it was from this era that Chile got its reputation as being "open to business" as anybody left of centre was simply not tolerated by the regime. But those days are long gone now. Most Chileans are not anti business, but they want the economy to deliver for everybody, not just rich folk at the top, which is fair enough, so this swing back to the left was probably overdue in Chile. But it resets the dial in terms of country risk, as no one yet knows how far left they have now swung until we see this new regime in practice.

The problem is now , no one really knows how this new left wing guy, boric is going to behave. He was very anti business in his younger student days. All of that said, most smarter left of centre people in the world realise that they need to work with business or their countries end up the poorer. Its business that creates real jobs after all. Argentina itself is a good example of this. The left wing presidency there recognizes they need to work with business and are pro developing the lithium resource. You might get shaken down a fair bit harder for taxes and royalties but they wont nationalise the industry which is the biggest risk. So until we know a bit more about this newcomer in Chile, we have to say it remains a bit uncertain at the moment. I suspect though he will end up taking a similiar approach to the left wingers in Argentina.