Word: chileanization
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Dates: during 1970-1979
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SEPT. 4. Allende won a 36% plurality but still had to face a run-off vote in the Chilean Congress...
...that ITT was willing to put up a "substantial fund" to support a conservative candidate for President in the elections in Chile to be held Sept. 4. According to Broe, at that time the CIA declined the proposal because the U.S. was not supporting a candidate in the Chilean election...
Jack Neal, ITT's international relations director in Washington and a 35-year veteran of the State Department, testified that ITT officials "had not only an obligation to ourselves, but to the Chilean people ... to prevent another Cuba. They're great democrats." He claimed that his program would have "disrupted the economy" and "strengthened the people." When Idaho Senator Frank Church asked Neal if he saw any difference between Cuba, which became Marxist through a revolution, and Chile, which became semi-Marxist through free elections, Neal replied that...
...plans totally backfired. Allende not only won but also expropriated ITT's interests in Chile. In the eyes of Chileans, that move seemed to have been eminently justified when ITT's desire to interfere in Chilean politics was revealed last spring by Columnist Jack Anderson. In fact, because of its clumsy attempts, ITT may now lose some or all of the compensation it would otherwise be entitled to from the federally financed Overseas Private Investment Corporation (OPIC). Reason: if there is evidence that ITT lost its property as a result of meddling in internal Chilean politics, OPIC...
...conglomerate's troubles are not confined to the Senate's investigation of its Chilean involvement. In separate investigations, a House subcommittee and the FBI last week were looking into other ITT affairs...