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When Markets and Mobility Collide

27 4 0
12.11.2019

WINDHOEK – Gasoline is supposed to be combustible. But why has it also become politically explosive, as the eruption of massive protests in Ecuador and Chile suggests?

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    While the Ecuadorean case involved a significant increase in the price of gasoline, the revolt in Chile was triggered by a puny 3% scheduled increase in fares on the Santiago metro. Whether or not foreign meddling was involved, the fact remains that the protests, if not the accompanying violence and destruction, have had significant public support.

    The economic case against gasoline subsidies seems........

    © Project Syndicate