Word: chileanization
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Dates: during 1970-1979
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...cities of Latin America are littered with cardboard and packing-crate shantytowns that house hordes of landless peasants in search of jobs. Usually such squatters' settlements are either deliberately overlooked by officialdom or broken up by police within a few days. In the Chilean capital of Santiago, however, a luxuriantly mustached leftist named Victor Toro, 28, has founded a poblacion callampa ("mushroom town") that the government cannot ignore and the police cannot destroy...
...gradual nationalization" policy and now owns 51% of the stock in the country's major copper producers, all U.S. firms. Two of the three candidates in the current presidential campaign call for nationalizing the copper companies completely. Gradual nationalization has also been applied to the U.S.-owned Chilean Power Co., and the state expects to take over 44% of International Telephone & Telegraph's phone subsidiary...