HIST 286 Lecture 16: HIST 286 W9L16
Document Summary
Neoliberalism and the economics of military rule, 1970s-1980s: responded to political crisis these military coups: ungovernable society, government had too many de(cid:373)a(cid:374)ds fro(cid:373) i(cid:374)terest groups o(cid:374) it a(cid:374)d (cid:272)ould(cid:374)"t go(cid:448)er(cid:374). La authours and experience (and eduardo galeano: uruguayan who made quip that pinochet in chile (cid:862)people put o(cid:374) priso(cid:374) so pri(cid:272)es (cid:272)ould (cid:271)e free(cid:863)(cid:895). Policies of devaluing currency: create some sacrifice for you, but importing too much and running up too much debt. (tighten belt: discipline / tightening belt is called austerity, sometimes policies use structural. Structural adjustment: populist and leftists like allende said that imf was asking la to take terrible steps if devalue currency, everyone is impoverished, if cut spending put unemployed people on streets, bad for everyone. Austerity good way to undermine government support, and spark crisis: food crisis, utilities going up lead to riots, prote(cid:272)ts it has happe(cid:374)ed agai(cid:374) a(cid:374)d agai(cid:374). Plaved where some of most influential economists of structuralists school (promoted state intervention).
