CHILE: Progressive Socialism

"Within one month-it can safely be predicted-there will be no unemployment in Chile!"

Such was the biggest, best & boldest promise made last week by small, dapper Don Carlos Guillermo Davila whose recent coup d'ètat set up Chile's new Government (TIME, June 13).

"This is what we will do!" continued Don Carlos with that sparkling vivacity which made socialite Washington flock to his parties when he was Chilean Ambassador. "We will create three State companies. One for agriculture, one industrial and one mining! Each of these companies will employ the unemployed. We will...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!