The privatization process (of 507 public firms in 1973, 70 remained in 1976) certainly strengthened the private sector and led to a rapid increase in concentration of private property in the Chilean economy: a handful of conglomerates acquired the offered enterprises at relatively low prices, including financial institutions. However, the transfer of state property to the private sector remained incomplete. At the beginning of the 1980s, the state still owned six of the country's top ten enterprises, all of them in strategic sectors (copper, electricity, oil, and transport; see Rozas and Marín 1988, 1989).

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1633