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Chile Election Puts Free Market Model at Mercy of Angry Voters

  • Leftist Boric and conservative Kast expected to reach runoff
  • Entire Lower House to be elected as well as part of Senate
Chilean presidential candidates Jose Antonio Kast, right, and Gabriel Boric attend a radio debate at Gabriela Mistral cultural center in Santiago on Nov. 2, 2021.
Chilean presidential candidates Jose Antonio Kast, right, and Gabriel Boric attend a radio debate at Gabriela Mistral cultural center in Santiago on Nov. 2, 2021.Source: Getty Images South America
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A politically polarized Chile holds presidential elections on Sunday, with voters set to either overthrow an economic model installed during the dictatorship of Augusto Pinochet or double down on its free-market ethos.

The vote is shaping up to be a battle between two candidates from opposite ends of the political spectrum -- conservative Jose Antonio Kast and leftist Gabriel Boric. While Kast wants to slash taxes and government spending, Boric envisions a bigger state to tackle inequality while raising levies on corporations.