Not unlike Americans, Chileans were disenchanted with the political class 2 years ago. In the last election Mr. Sebastian Pinera, a very successful entrepreneur run and won the highest office with the promise of managing the country as a corporation. Better administration. Less waste, more flexible decision making, more efficiency... what is not to like?
Could a Jack Welch or Warren Buffet be better for the US than a professional politician?
The Chilean experience seems to say no. Chile boasts the highest growth rate post recession in LATAM and very low unemployment.
Mr. Pinera's approval rate... under 30%.
Be careful what you wish for...
See The limits of a superman by John Paul Rathbone for more on the topic