Business: Chile Starts Chasing the Capitalists

NOT long ago, pessimists were warning that if Salvador Allende Gossens became President of Chile, there would be civil war. Three months after the surgeon-turned-Socialist was elected, a civil war of sorts is being waged in Chile—but it is among Allende's own advisers. North American businessmen, who have invested as much as $1 billion in Chile, have dubbed the conflict a war between the Machiavellians and the Gradualists. The Machiavellians want a blitzkrieg nationalization of foreign economic interests; the Gradualists also want nationalization, but only a step at a time.

Last week, in...

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