IBOV 177,574 ▲ 2.80% IPSA 11,032 ▲ 0.06% IPC MEX 66,490 ▲ 0.58% MERVAL 3,276,244 ▲ 2.30% COLCAP 2,303.03 ▲ 0.45% BVL PERÚ 56,194.27 ▲ 1.35% USD/BRL5.11▼ 0.16% USD/MXN17.47▼ 0.43% USD/CLP924.12▼ 0.38% USD/COP3,247▼ 2.86% USD/PEN3.39▼ 0.31% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.81% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.07% BRENT 76.04 ▼ 0.34% WTI 71.58 ▼ 0.69% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.05% GOLD 4,111 ▼ 0.48% SILVER 60.08 ▼ 0.50% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.32 ▼ 0.69% PETR4 39.57 ▲ 0.92% VALE3 74.38 ▲ 1.68% ITUB4 44.24 ▲ 3.87% BBDC4 18.80 ▲ 4.44% ABEV3 15.85 ▲ 0.83% BBAS3 20.53 ▲ 2.65% B3SA3 15.41 ▲ 4.19% WEGE3 46.50 ▲ 1.66% PRIO3 55.52 ▼ 0.16% SUZB3 41.39 ▲ 0.88% RENT3 40.88 ▲ 3.76% AZZA3 19.10 ▲ 3.47% CSAN3 4.03 ▲ 4.40% RAIZ4 0.35 ▼ 5.41% PCAR3 2.76 — 0.00% GMAT3 3.96 ▲ 0.76% PSSA3 54.69 ▲ 2.51% CVCB3 1.26 ▲ 0.80% POSI3 4.00 ▲ 3.90% SLCE3 14.09 ▲ 2.18% NATU3 8.59 ▲ 1.54% BRKM5 6.66 ▲ 4.72% RANI3 8.00 ▲ 1.78% CSNA3 5.19 ▲ 8.13% CMIN3 5.17 ▲ 7.04% USIM5 8.46 ▲ 1.32% GGBR4 22.94 ▲ 2.05% ENEV3 27.28 ▲ 4.12% CPFE3 47.68 ▲ 3.00% CMIG4 11.35 ▲ 2.44% EQTL3 40.84 ▲ 3.37% LREN3 14.52 ▲ 2.61% VIVT3 35.86 ▲ 3.94% RAIL3 14.28 ▲ 3.85% KLABIN 17.44 ▲ 0.23% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 35.86 ▲ 2.02% HAPV3 10.53 ▲ 4.57% FLRY3 16.39 ▲ 4.06% SMTO3 16.27 ▲ 1.37% UGPA3 30.79 ▲ 2.29% VBBR3 32.97 ▲ 2.71% BBSE3 40.30 ▲ 2.60% BPAC11 58.64 ▲ 5.32% CURY3 34.15 ▲ 4.43% AERI3 2.09 ▲ 1.46% VIVARA 23.43 ▲ 3.76% COMPASS 25.59 ▲ 3.69% VAMOS 3.08 ▲ 4.05% SANB11 27.40 ▲ 4.38% ASAI3 8.94 ▲ 5.67% SBSP3 30.95 ▲ 3.17% WALMEX 49.25 ▲ 0.47% FEMSA 223.70 ▲ 0.60% CEMEX 21.88 ▲ 0.78% GFNORTE 187.50 ▲ 1.16% BIMBO 55.92 ▼ 0.02% TELEVISA 9.75 ▲ 2.74% AMX 22.69 ▲ 0.22% GAP 413.38 ▼ 0.08% ASUR 285.93 ▲ 0.82% OMA 235.95 ▼ 0.86% KOF 181.54 ▲ 0.35% GRUMA 282.84 ▲ 0.08% KIMBER 38.16 ▼ 0.73% SQM-B 68,107 ▼ 1.44% COPEC 6,097 ▲ 1.28% BSANTANDER 78.43 ▲ 1.20% FALABELLA 5,958 ▲ 1.83% ENELAM 85.19 ▲ 1.22% CENCOSUD 2,038 ▼ 0.91% CMPC 1,108 ▲ 1.21% BANCO CHILE 187.71 ▲ 0.38% LATAM AIR 26.32 ▼ 0.30% YPF 74,275 ▼ 1.98% GGAL 8,340 ▲ 5.84% PAMPA 5,185 ▼ 0.38% TXAR 667.50 ▲ 0.45% ALUAR 973.50 ▲ 0.52% TGS 9,555 ▲ 2.63% CEPU 2,362 ▲ 2.03% MIRGOR 17,300 ▲ 0.58% COME 46.16 ▲ 1.63% LOMA NEGRA 3,573 ▲ 2.14% BYMA 313.75 ▲ 1.29% TELECOM ARG 4,208 ▲ 2.12% ECOPETROL 15.53 ▲ 0.88% BANCOLOMBIA 83.33 ▲ 2.97% GRUPO AVAL 5.12 ▲ 1.99% CREDICORP 400.23 ▲ 2.12% SOUTHERN COPPER 175.77 ▲ 0.77% BUENAVENTURA 30.12 ▲ 1.93% MERCADOLIBRE 1,853 ▲ 2.51% NUBANK 13.78 ▲ 0.77% XP 16.96 ▲ 3.32% PAGSEGURO 9.24 ▲ 2.61% STONE 11.20 ▲ 2.14% GLOBANT 29.95 ▼ 4.28% TECNOGLASS 44.16 ▲ 2.37% GAP AIRPORT 236.33 ▲ 0.79% ASUR 285.93 ▲ 0.82% OMA AIRPORT 107.94 ▼ 0.36% AMX ADR 25.92 ▲ 0.29% FEMSA ADR 127.90 ▲ 0.71% CEMEX ADR 12.52 ▲ 1.17% PETROBRAS ADR 17.25 ▲ 1.29% VALE ADR 14.51 ▲ 2.00% ITAU ADR 8.65 ▲ 4.47% SANTANDER BR 5.40 ▲ 4.96% AMBEV ADR 3.08 ▲ 1.15% CSN 1.03 ▲ 7.36% GERDAU 4.51 ▲ 2.15% LATAM ADR 56.69 ▼ 0.61% BTC 63,932 ▲ 1.17% ETH 1,794 ▲ 2.81% SOL 77.89 ▼ 0.20% XRP 1.11 ▲ 1.11% BNB 576.10 ▲ 1.34% ADA 0.17 ▲ 0.23% DOGE 0.07 ▲ 1.80% AVAX 6.75 ▲ 1.00% LINK 7.93 ▲ 2.54% DOT 0.88 ▲ 6.05% LTC 44.64 ▲ 2.00% BCH 245.44 ▲ 3.22% TRX 0.33 ▼ 0.36% XLM 0.19 ▲ 1.98% HBAR 0.07 ▲ 0.13% NEAR 1.88 ▼ 2.32% ATOM 1.59 ▲ 2.59% AAVE 96.26 ▲ 5.48% SELIC 14.25% EMBRAER 85.08 ▲ 1.45% EMBRAER ADR 66.38 ▲ 1.28% JBS 11.88 ▲ 1.28% JBS BDR 60.62 ▲ 0.95% MBRF3 15.59 ▲ 1.17% MBRFY 2.97 ▼ 1.00% INTER 5.79 ▲ 1.31% GMEXICO 198.72 ▲ 1.73% IBOV 177,574 ▲ 2.80% IPSA 11,032 ▲ 0.06% IPC MEX 66,490 ▲ 0.58% MERVAL 3,276,244 ▲ 2.30% COLCAP 2,303.03 ▲ 0.45% BVL PERÚ 56,194.27 ▲ 1.35% USD/BRL 5.11 ▼ 0.16% USD/MXN 17.47 ▼ 0.43% USD/CLP 924.12 ▼ 0.38% USD/COP 3,247 ▼ 2.86% USD/PEN 3.39 ▼ 0.31% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.04% BRENT 76.04 ▼ 0.34% WTI 71.58 ▼ 0.69% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.05% GOLD 4,111 ▼ 0.48% SILVER 60.08 ▼ 0.50% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.32 ▼ 0.69% PETR4 39.57 ▲ 0.92% VALE3 74.38 ▲ 1.68% ITUB4 44.24 ▲ 3.87% BBDC4 18.80 ▲ 4.44% ABEV3 15.85 ▲ 0.83% BBAS3 20.53 ▲ 2.65% B3SA3 15.41 ▲ 4.19% WEGE3 46.50 ▲ 1.66% PRIO3 55.52 ▼ 0.16% SUZB3 41.39 ▲ 0.88% RENT3 40.88 ▲ 3.76% AZZA3 19.10 ▲ 3.47% CSAN3 4.03 ▲ 4.40% RAIZ4 0.35 ▼ 5.41% PCAR3 2.76 — 0.00% GMAT3 3.96 ▲ 0.76% PSSA3 54.69 ▲ 2.51% CVCB3 1.26 ▲ 0.80% POSI3 4.00 ▲ 3.90% SLCE3 14.09 ▲ 2.18% NATU3 8.59 ▲ 1.54% BRKM5 6.66 ▲ 4.72% RANI3 8.00 ▲ 1.78% CSNA3 5.19 ▲ 8.13% CMIN3 5.17 ▲ 7.04% USIM5 8.46 ▲ 1.32% GGBR4 22.94 ▲ 2.05% ENEV3 27.28 ▲ 4.12% CPFE3 47.68 ▲ 3.00% CMIG4 11.35 ▲ 2.44% EQTL3 40.84 ▲ 3.37% LREN3 14.52 ▲ 2.61% VIVT3 35.86 ▲ 3.94% RAIL3 14.28 ▲ 3.85% KLABIN 17.44 ▲ 0.23% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 35.86 ▲ 2.02% HAPV3 10.53 ▲ 4.57% FLRY3 16.39 ▲ 4.06% SMTO3 16.27 ▲ 1.37% UGPA3 30.79 ▲ 2.29% VBBR3 32.97 ▲ 2.71% BBSE3 40.30 ▲ 2.60% BPAC11 58.64 ▲ 5.32% CURY3 34.15 ▲ 4.43% AERI3 2.09 ▲ 1.46% VIVARA 23.43 ▲ 3.76% COMPASS 25.59 ▲ 3.69% VAMOS 3.08 ▲ 4.05% SANB11 27.40 ▲ 4.38% ASAI3 8.94 ▲ 5.67% SBSP3 30.95 ▲ 3.17% WALMEX 49.25 ▲ 0.47% FEMSA 223.70 ▲ 0.60% CEMEX 21.88 ▲ 0.78% GFNORTE 187.50 ▲ 1.16% BIMBO 55.92 ▼ 0.02% TELEVISA 9.75 ▲ 2.74% AMX 22.69 ▲ 0.22% GAP 413.38 ▼ 0.08% ASUR 285.93 ▲ 0.82% OMA 235.95 ▼ 0.86% KOF 181.54 ▲ 0.35% GRUMA 282.84 ▲ 0.08% KIMBER 38.16 ▼ 0.73% SQM-B 68,107 ▼ 1.44% COPEC 6,097 ▲ 1.28% BSANTANDER 78.43 ▲ 1.20% FALABELLA 5,958 ▲ 1.83% ENELAM 85.19 ▲ 1.22% CENCOSUD 2,038 ▼ 0.91% CMPC 1,108 ▲ 1.21% BANCO CHILE 187.71 ▲ 0.38% LATAM AIR 26.32 ▼ 0.30% YPF 74,275 ▼ 1.98% GGAL 8,340 ▲ 5.84% PAMPA 5,185 ▼ 0.38% TXAR 667.50 ▲ 0.45% ALUAR 973.50 ▲ 0.52% TGS 9,555 ▲ 2.63% CEPU 2,362 ▲ 2.03% MIRGOR 17,300 ▲ 0.58% COME 46.16 ▲ 1.63% LOMA NEGRA 3,573 ▲ 2.14% BYMA 313.75 ▲ 1.29% TELECOM ARG 4,208 ▲ 2.12% ECOPETROL 15.53 ▲ 0.88% BANCOLOMBIA 83.33 ▲ 2.97% GRUPO AVAL 5.12 ▲ 1.99% CREDICORP 400.23 ▲ 2.12% SOUTHERN COPPER 175.77 ▲ 0.77% BUENAVENTURA 30.12 ▲ 1.93% MERCADOLIBRE 1,853 ▲ 2.51% NUBANK 13.78 ▲ 0.77% XP 16.96 ▲ 3.32% PAGSEGURO 9.24 ▲ 2.61% STONE 11.20 ▲ 2.14% GLOBANT 29.95 ▼ 4.28% TECNOGLASS 44.16 ▲ 2.37% GAP AIRPORT 236.33 ▲ 0.79% ASUR 285.93 ▲ 0.82% OMA AIRPORT 107.94 ▼ 0.36% AMX ADR 25.92 ▲ 0.29% FEMSA ADR 127.90 ▲ 0.71% CEMEX ADR 12.52 ▲ 1.17% PETROBRAS ADR 17.25 ▲ 1.29% VALE ADR 14.51 ▲ 2.00% ITAU ADR 8.65 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Chile begins campaign for November presidential election in a climate of polarization

By · September 24, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – Chileans have voted four times in the last 12 months: They determined how the Constituent Assembly would operate and then elected its delegates and regional and municipal representatives.

Then came the primaries. And now, on November 21, the first round of presidential elections will take place. This week, the campaign began in a predictable polarization between the new left, led by 35-year-old MP Gabriel Boric, and right-winger Sebastian Sichel.

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The first televised debate saw heated arguments between the candidates to succeed tycoon Sebastián Piñera.

Chile presidential palace - La Moneda. (Photo internet reproduction)
Chile presidential palace – La Moneda. (Photo internet reproduction)
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Chileans pay respectful attention to polls. The latest poll by consulting firm Cadem shows Boric of the Apruebo Dignidad coalition with a 25% vote share. Sichel, a 44-year-old lawyer, is eight points behind. If this trend continues, they will battle for the presidency in the December 19 runoff.

Pinochetist José Antonio Kast comes in at 10% of the vote, followed closely by Yasna Provoste, heiress to Concertación Democrática, the center-left coalition that ruled for 20 years.

The other candidates, including right-wing populist Franco Parisi, Marco Enríquez-Ominami of the Progressive Party, and Eduardo Artés of an ultra-left faction, appear as bystanders in the eyes of society.

The hot phase of the election campaign will show how many Chileans will stay home on Election Day. In recent years, a culture of abstinence and doing nothing has emerged that was hardly questioned during the constituent process.

PANDEMIC IN THE BACKGROUND

The campaign has been shaped by the urgency of a pandemic that has caused about 35,000 deaths from Covid-19. To be sure, the economy is expected to grow 7% by 2021, making Chile one of the countries recovering fastest.

But the social wounds left by months of imprisonment have only fanned the flame of discontent in a society that in November 2019 was the protagonist of a protest that radically changed the political map.

The Constituent Assembly, in which the right does not have enough delegates to veto, results from this collective outburst.

The candidates’ bids attempt to accommodate the differing moods. Boric wants to become the youngest president in Chilean history and the enforcer of the changes that are to have their basis in the new Magna Carta, to be approved in another referendum next year.

Sichel, on the other hand, preaches a centrist path. For analysts, the possible strengthening of the ultra-right Kast party, which conjures up the specter of communism and Chile’s return to the days of Salvador Allende’s popular unity (1970-73), is still an unknown quantity.

Poverty in Chile is 11%, according to the latest measurements. Some experts consider this figure misleading, basing it on the wave of withdrawals of savings from pension funds managed by private companies.

Already, a quarter of the US$200 billion has been withdrawn from the system. These funds helped thousands of families alleviate their hardship, pay down debt, and revive the economy.

The pension fund administrators (AFP) were the “spoiled child” of the Pinochet regime and a gigantic capital accumulation machine. Congress is considering a fourth withdrawal of 10% of these savings. The future of the AFP will be one of the main issues of the election campaign.

CONSTITUENT ASSEMBLY

Another critical issue is the candidates’ relationship with a Constituent Assembly, which for weeks has been the subject of an intense smear campaign on social networks that, according to the Centro de Investigación Periodística (CIPER), has the characteristics of a “digital guerrilla.”

University professor Luis Cifuentes Seves claims that “a colossal campaign has been unleashed” based on “lies, fake news, and slander” aimed at undermining the legitimacy of the Assembly.

Part of this slander is directed against Elisa Loncón, the 58-year-old president of the Convention. She is a representative of the original Mapuche community and, according to Cifuentes Seves, has become an indigestible figure for “an official culture that has been plagued by racism and classism for centuries.”

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