capecoralblogger

Sovereign Man Notes from the Field Date: December 27, 2010 Reporting From: Buenos Aires, Argentina

In Uncategorized on December 28, 2010 at 10:13 am

Sovereign Man
Notes from the Field

Date: December 27, 2010
Reporting From: Buenos Aires, Argentina

I’m a bit jetlagged from my New Zealand-South America trip from Friday, so I’ve asked my friend John Cobin to step in with a short note about Chile, one of the countries that I find the most promising for expats.

John has been living in Chile for years and routinely provides blunt commentary about the country on this website at my request. From John:

“Chile has been capitalizing from its recent worldwide publicity during the miner rescue this year; the world saw that Chile is not a basket-case Banana Republic, but rather an extremely strong, civilized country.

Similarly, Chile stood out from the devastating earthquake this year, rebounding quickly and with so few casualties compared to the earthquake in Haiti.

According to a recent survey in the national daily El Mercurio, about three-fourths of Chileans have a positive outlook on their economic future.

The price of copper is at record highs, trickling down greater affluence to the lion’s share of Chileans. Earthquake recovery is moving along nicely, and, although Concepcion and Constitucion are still reeling from the effects, the country overall is functioning well and growing at around 6% per year.

Optimistic sentiment remains high in Chile during the 2010 holiday season. Indeed, 2011 looks to be even more prosperous than 2010. Unemployment remains relatively low at 7.6%, and inflation is low and under control. It’s nice to be in a place where optimism prevails over gloom.

I was asked to be a panelist last week on an international conference held in Santiago. The theme had to do with Chile’s leading example of democracy and growth in the region.

I remarked on why freer markets (and less interventionism), strong property rights, low corruption, privatization, private social security, good private health care, and first world living have been responsible for Chile’s rise.

Aside from my very upbeat and optimistic presentation, I emphasized that Chile can be further improved by eliminating the central bank, privatizing (or eliminating) prisons, privatizing the national copper mine CODELCO and national oil company ENAP, and abolishing the Ministry of Education (favoring homeschooling and private alternatives).

My remarks were surprisingly well-received and there seems to be a desire among many Chileans to be the leader in reforming governments in such a way that the world will take notice.

A representative to Chile’s Congress (national body) was on the panel with me and was all ears when I spoke, extending a hearty handshake afterwards. I remarked to friends that attended how unlikely it would have been to have such direct influence on a North American or European legislative member.”

Simon again. Chile is indeed a land of opportunity, and in many ways, it is the new America. I’ll be headed back to Santiago shortly once I finish up some personal business here in Buenos Aires, and then I’ll have more to report.

Until tomorrow,

Simon Black
Senior Editor, SovereignMan.com

This article appears courtesy of SovereignMan.com: Notes From The
Field
, a free newsletter dedicated to individual freedom,
internationalization, asset protection and global finance. For a
complimentary subscription, visit http://www.SovereignMan.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: