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- How Chile’s Free Market Miracle Survived a Resurgent Left
Gabriel Boric, the former student radical who rode a wave of left-wing unrest into Chile's presidency in 2021, left office Wednesday, replaced by José Antonio Kast, a right-wing populist who secured a landslide victory last December. Boric's election was supposed to be a watershed moment for a country long held up as Latin America's free market success story; it appeared Chile was repudiating the liberal economic model that had defined it for decades. Yet the leftist project collapsed under its own weight, and the Chilean pendulum has since swung violently in the opposite direction. But Kast arrives with a different set of dangers. The story begins in the 1970s, when Chile transitioned from socialism to free market capitalism during the murderous dictatorship of Augusto Pinochet. Under Pinochet's predecessor, the socialist President Salvador Allende, the inflation rate had reached over 600 percent, and the nation's economy had been on the verge of collapse. That origin left an indelible stain on what became one of the greatest economic success stories of the past half-century. Chile's free market reformers struck a Faustian bargain with the Pinochet regime: In exchange for looking the other way as thousands were tortured and disappeared, they were granted enormous latitude to slash regulations, cut tariffs, and privatize state-owned companies. But voters eventually opted to continue Chile's laissez faire economic agenda. For 30 years following Chile's 1990 transition back to democracy, left-of-center governments doubled down on free market policies, and the nation prospered. From 1990 to 1998, the poverty rate was cut nearly in half, while extreme poverty plummeted from around 13 percent in 1990 to about 6 percent. By the early 2000s, Chile had become one of the region's wealthiest countries. In 2014, President Michelle Bachelet began to erode Chile's pro-market agenda, but policies such as private pensions, low tariffs, and light-touch regulation remained in place. The country had become "a case study in institutional resilience," Chilean economist Víctor Espinosa tells Reason. The free market order had become an institutional framework too deeply embedded and too economically valuable to dismantle easily. By the 2010s, Chile was still outperforming every other Latin American country, but income inequality and corruption scandals were fueling a left-wing resurgence. Central to that backlash was the pension system. When the system of individual savings accounts (AFPs) was launched, officials indicated that it would generate pensions equivalent to 70 percent of a… [TheTopNews] Read More.5 hours ago - Hegseth on Strait of Hormuz: ‘Don’t need to worry about it’
Secretary of Defense Pete Hegseth downplayed the shutdown of the Strait of Hormuz and claimed 15,000 Iranian targets have been struck in 13 days. [TheTopNews] Read More.5 hours ago - Tension builds ahead of NFLPA leadership vote
NFL Players Association representatives are set to vote on a successor to disgraced former leader Lloyd Howell. [TheTopNews] Read More.5 hours ago - WATCH: NBA Ref Injured in Hard Collision with Cameraman on the Court
Screenshot Play was briefly stopped during an NBA game on Thursday after one of the referees was injured in a hard collision with a camera operator on the sideline. Several minutes into the fourth quarter of Thursday’s game between the Brooklyn Nets and the Atlanta Hawks, Hawks guard CJ McCollum drained a 3-pointer. On the ensuing Nets possession, Hawks guard Gabe Vincent deflected a pass and the ball went out of bounds. Before any official made a ruling, the broadcast showed one of them hunched over in pain. The ref, Sha’Rae Mitchell, appeared to angrily gesture toward the sideline while holding her head. She was assisted by another ref, who blew his whistle to signal for a timeout on the floor. Mitchell, still holding her head, walked toward the scorer’s table. NBA ref Sha'Rae Mitchell WENT DOWN with an injury after hitting her head on a camera operator She was able to stay in the game pic.twitter.com/jHLHvm0t7R — Bleacher Report (@BleacherReport) March 13, 2026 A replay of the incident revealed that Mitchell was attempting to run down the sideline after McCollum’s score. As soon as she turned around, however, she ran directly into a camera operator. Mitchell’s frustration appeared to stem from the fact that the camera operator was likely out of place. Mitchell then sat by the scorer’s table with her head in her hands as she continued to deal with the pain. She was ultimately able to return and finish the game.The post WATCH: NBA Ref Injured in Hard Collision with Cameraman on the Court first appeared on Mediaite. [TheTopNews] Read More.5 hours ago - Dr. Laura Program President Geoff Rich Dies
Geoff Rich, President of Take On The Day, LLC and a longtime leader behind The Dr. Laura Program, died suddenly Wednesday night in Los Angeles. Rich was a serial entrepreneur who co-created Radio Today and played a key role in guiding The Dr. Laura Program through Take On The Day, LLC, where he served as [TheTopNews] Read More.5 hours ago
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Gabriel Boric, the former student radical who rode a wave of left-wing unrest into Chile's presidency in 2021, left office Wednesday, replaced by José Antonio Kast, a right-wing populist who secured a landslide victory last December. Boric's election was supposed to be a watershed moment for a country long held up as Latin America's free market success story; it appeared Chile was repudiating the liberal economic model that had defined it for decades. Yet the leftist project collapsed under its own weight, and the Chilean pendulum has since swung violently in the opposite direction. But Kast arrives with a different set of dangers. The story begins in the 1970s, when Chile transitioned from socialism to free market capitalism during the murderous dictatorship of Augusto Pinochet. Under Pinochet's predecessor, the socialist President Salvador Allende, the inflation rate had reached over 600 percent, and the nation's economy had been on the verge of collapse. That origin left an indelible stain on what became one of the greatest economic success stories of the past half-century. Chile's free market reformers struck a Faustian bargain with the Pinochet regime: In exchange for looking the other way as thousands were tortured and disappeared, they were granted enormous latitude to slash regulations, cut tariffs, and privatize state-owned companies. But voters eventually opted to continue Chile's laissez faire economic agenda. For 30 years following Chile's 1990 transition back to democracy, left-of-center governments doubled down on free market policies, and the nation prospered. From 1990 to 1998, the poverty rate was cut nearly in half, while extreme poverty plummeted from around 13 percent in 1990 to about 6 percent. By the early 2000s, Chile had become one of the region's wealthiest countries. In 2014, President Michelle Bachelet began to erode Chile's pro-market agenda, but policies such as private pensions, low tariffs, and light-touch regulation remained in place. The country had become "a case study in institutional resilience," Chilean economist Víctor Espinosa tells Reason. The free market order had become an institutional framework too deeply embedded and too economically valuable to dismantle easily. By the 2010s, Chile was still outperforming every other Latin American country, but income inequality and corruption scandals were fueling a left-wing resurgence. Central to that backlash was the pension system. When the system of individual savings accounts (AFPs) was launched, officials indicated that it would generate pensions equivalent to 70 percent of a… [TheTopNews] Read More.
5 hours ago
Secretary of Defense Pete Hegseth downplayed the shutdown of the Strait of Hormuz and claimed 15,000 Iranian targets have been struck in 13 days. [TheTopNews] Read More.
5 hours ago
NFL Players Association representatives are set to vote on a successor to disgraced former leader Lloyd Howell. [TheTopNews] Read More.
5 hours ago
Screenshot Play was briefly stopped during an NBA game on Thursday after one of the referees was injured in a hard collision with a camera operator on the sideline. Several minutes into the fourth quarter of Thursday’s game between the Brooklyn Nets and the Atlanta Hawks, Hawks guard CJ McCollum drained a 3-pointer. On the ensuing Nets possession, Hawks guard Gabe Vincent deflected a pass and the ball went out of bounds. Before any official made a ruling, the broadcast showed one of them hunched over in pain. The ref, Sha’Rae Mitchell, appeared to angrily gesture toward the sideline while holding her head. She was assisted by another ref, who blew his whistle to signal for a timeout on the floor. Mitchell, still holding her head, walked toward the scorer’s table. NBA ref Sha'Rae Mitchell WENT DOWN with an injury after hitting her head on a camera operator She was able to stay in the game pic.twitter.com/jHLHvm0t7R — Bleacher Report (@BleacherReport) March 13, 2026 A replay of the incident revealed that Mitchell was attempting to run down the sideline after McCollum’s score. As soon as she turned around, however, she ran directly into a camera operator. Mitchell’s frustration appeared to stem from the fact that the camera operator was likely out of place. Mitchell then sat by the scorer’s table with her head in her hands as she continued to deal with the pain. She was ultimately able to return and finish the game.The post WATCH: NBA Ref Injured in Hard Collision with Cameraman on the Court first appeared on Mediaite. [TheTopNews] Read More.
5 hours ago
Geoff Rich, President of Take On The Day, LLC and a longtime leader behind The Dr. Laura Program, died suddenly Wednesday night in Los Angeles. Rich was a serial entrepreneur who co-created Radio Today and played a key role in guiding The Dr. Laura Program through Take On The Day, LLC, where he served as [TheTopNews] Read More.
5 hours ago
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