CHILE: Righting a Leftist Mess

Chile's military junta, which quickly overthrew the late Marxist President Salvador Allende in a bloody September coup, is struggling now with an infinitely tougher task: righting an economy that three years of maladroit socialistic experiments left in a shambles. When the generals grabbed power, inflation was roaring out of control; farm, factory and mine production were scraping bottom; Chile's banking and financial system had all but collapsed.

By last week the generals were swinging the economy toward a rigidly conservative course. To carry out its program, the junta has appointed three...

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