For the last twenty years Chile's calling card has been political governability and economic stability. That is why one of the things I have been arguing for a while is that sooner or later the social unrest in Chile would begin to be a cause for concern for foreign investors. While the government looks upon the demonstrations with seeming disdain, I always thought that the attitude would change once Chile's image abroad started to take a beating.
Well, here we go, folks.... A few weeks after the Economist published a note, it seems Time Magazine has taken notice. Apparently, the president has lost his mojo. I bet he didn't even know he had mojo, but he doesn't any more.
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