I lived in Chile for several years. I think this is a bad idea for several reasons. First off, one of the things that makes Chile great is that its education system is independant of the government. It results in chileans who are markedly better at critical thinking than americans. (While there one of the things I did was work with high school and college students and of course got to know a lot of chileans.) Their s…
Peru is following in Chile's footsteps and has had amazing growth for the last 20 years as a result of a radical reforming of government in the 90s, precisely to kill stifling bureaucracy and red tape. Where there was 50% poverty in the mid-90s, there is now about 20%. Even remote farmers are online via their smartphones, and now know what to grow, when to grow it, how to grow it, where to sell it, etc. Tech and free markets have substantially improved people's lives, to the point that anyone who visited around the year 2000 would just not recognise the place today.
It's clear to me that free markets work, and that Chile and Peru are living proof of it. Sure, it's not first world levels yet, but both countries are certainly getting there at turbo speed. Anyone who doubts this should look at the number of highly qualified migrants going not from Chile and Peru to Spain, but in the other direction: from Spain to Chile and Peru. They see it as a place of opportunity where the old and sclerotic welfare systems of Europe have let them down.