The Miracle of Chile.

http://miracleofchile.com/

Ricardo Miranda Zúñiga and Kurt Olmstead

The Miracle of Chile is a multifaceted art project investigating Milton 
Friedman's famous phrase "Miracle of Chile." In 1981 Friedman declared 
the phrase to reflect a transformation of Chile's economy through a 
neoliberal formula of privatization, deregulation of markets and cuts to 
social spending.

Today, we live in the midst of a global economic crisis that has lead us 
to question neoliberal philosophy. The art project consists of a 
workshop, public situation, bus intervention and a virtual labyrinth. 
Each element asks participants in Chile (the first country to fully 
adopt neoliberalism) to identify the Miracle of Chile as reflected in 
personal lives and civil space.

The project is executed for the exhibition portables at the Museo 
Nacional de Bellas Artes, Mall Plaza Vespucio, curated by Ignacio Nieto 
and on view from 14 August through 19 September. The exhibition includes 
the work of Michelle Teran, Chimbalab, Alejandra Perez, Carolina Pino, 
GraphTech, Otto Von Busch.

"As the phrase contains magical rhetoric we were also intrigued by the 
existence of a dogma - el ladrillo or "the brick" - which laid out 
Friedman's principle teachings as a remedy to Chile's economic crisis 
near the end of Allende's presidency. Written in 1973, just before the 
military strike, by the "Chicago Boys" - a group of Chilean economists 
who studied under Friedman at the University of Chicago, the lengthy 
document prescribed privatization, deregulation, and cuts to social 
programs to combat Chile's out of control inflation. In 1975, as 
inflation continued to increase, Pinochet handed over the Chilean 
economy to the Chicago Boys. Chile became the "laboratory" for 
neoliberal philosophy."


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