In October 1988 Pinochet lost the plebiscite, which had been required by the constitution. A union of the center-left parties—the Concertación—won the first elections that took place a year later. The regime’s candidate, Hernán Büchi, was defeated by Patricio Aylwin, a Christian Democrat. The members of the neoliberal team were now barred from high positions in government. Despite the new coalition government and the postdictatorship opportunities, practically all observers concur that the neoliberal model of economic policy by and large remained in place. Why was this the case?

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1606