[Socialists] The Chilean economy under Pinochet didn't suffer because of neoliberal policies -- on the contrary

The video visits the common leftist arguments that have been used to ridicule neoliberal experiment that Chile initiated under the Pinochet administration after the vanquishing of the socialist predecessor, Salvador Allende, and the video's description has links to all the sources shown in the video that I recommend you checking out. Furthermore, this isn't some Pinochet apologist post, and nobody should get the idea that any libertarian supported Pinochet's staunch authoritarianism, though that was preferable and still seen as the lesser of two evils for Chile.

https://www.youtube.com/watch?v=RhujtDulmlg&t=200s

Though many would like to believe Pinochet decimated the Chilean economy, he actually saved it from any further harm that could've come from Allende's regime which pushed for ever-growing regimentation of the economy under the overrated cybersocialism project that failed to recognise and acknowledge why Soviet nations performed so horribly as opposed to their western counterparts.

Still, the economy continued plummeting amid the turmoil that ensued for years after the coup until Pinochet sought economic and political advice from those like Milton Friedman and the Chicago Boys which drove the nation to adopt neoliberal, pro-market policies, deregulation, tax reductions and privatisation of industry. As the economy stabilised over the following years, though wealth inequality did sharpen, so, too, did the improvement of economic conditions in areas of wage increases, abject poverty and per capita GDP.

The reason why poverty heightened by the end of Pinochet's tenure was because of the economic crisis of 1982 which spurred due to the government's refusal to heed Friedman's advice relevant to free-floating exchange rates by the late 1970s, so had the administration stuck to what the economist advised, Chile would probably be in even better condition socioeconomically. Regardless, thanks to the liberalisation efforts of Pinochet's regime, the country transitioned towards democracy after Pinochet stepped down as dictator in the closing decades of the twentieth century which leaves the country today in better shape than it had been under Allende's disastrous socialist regime.