The Economic Crisis

  • Ian Roxborough
  • Philip O’Brien
  • Jackie Roddick


There can be no doubt that the profound economic crisis which beset Chile in 1972 and 1973 was a contributory factor to the coup of 11 September, 1973. The widespread shortages, the necessity to queue for hours for certain basic goods, the frustration of not being able to obtain crucial spare parts and repairs, the frequency of strikes, and an uncontrollable inflation — all these helped to create a climate propitious for a military intervention to put an end to the ‘chaos’. The aim of the Chilean Right was, of course, to produce precisely the sort of ‘chaos’ which would encourage a military coup. In this they succeeded. It is impossible to deal with the Chilean economic crisis as if it were something amenable to a technocratic solution. The roots of the crisis were political, and the solution to the crisis could only be political. It is only international agency and banking reports which try to pretend otherwise.


Foreign Exchange Real Wage Money Supply Communist Party Spare Part 
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    M. Najman (ed.), Le Chili est Proche, Francois Maspero, Paris, 1974.Google Scholar
  2. 4.
    C. Kay, ‘Chile: An Appraisal of Popular Unity’s Agrarian Reform’, Occasional Paper, No. 13, Institute of Latin American Studies, University of Glasgow, 1974.Google Scholar
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    I. Roxborough, ‘Agrarian Policy in the Popular Unity Government’, Occasional Paper No. 14, Institute of Latin American Studies, University of Glasgow, 1974.Google Scholar
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    R. Moss, Chile’s Marxist Experiment, David and Charles, Newton Abbot, 1973.Google Scholar
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    W. Baer and I. Kerstenetsky (eds.), Inflation and Growth in Latin America, Richard Irwin Press, Homewood, Ill., 1964.Google Scholar
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    For an analysis of the IMF stabilization programme in Chile see E. Sierra, Tres Ensayos de Estabilización en Chile, Editorial Universitaria, Santiago, 1970.Google Scholar
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    NACLA, New Chile, Berkeley, 1972.Google Scholar
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    Article by Hugh O’Shaughnessy, Financial Times, 11 Apr. 1974.Google Scholar

Copyright information

© Ian Roxborough, Philip O’Brien, Jackie Roddick 1977

Authors and Affiliations

  • Ian Roxborough
  • Philip O’Brien
  • Jackie Roddick

There are no affiliations available

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