Augusto Pinochet - Markets with Bayonets: Neoliberal Economics Under Military Rule #977254

Augusto Pinochet is a sharp and deeply researched examination of one of the most consequential political figures of the twentieth century. Rather than telling only the familiar story of repression and dictatorship, this book explores the harder and more unsettling question at the center of Pinochet’s rule: how did one of the world’s most radical free market transformations take shape under military command. Matthew Hollis Ward shows how Chile became a laboratory for neoliberal reform not despite authoritarianism, but within it, as economic change advanced under conditions where opposition, protest, and democratic resistance were systematically crushed.

Tracing Pinochet’s rise from little known military officer to head of a regime built on fear, surveillance, and centralized control, the book reveals how political repression functioned as the hidden infrastructure of economic experimentation. It examines the role of the Chicago Boys, the speed of privatization, the restructuring of labor and pensions, the cycles of boom and crisis, and the global influence of the Chilean model. At every stage, it asks what happens when markets are liberated while politics is silenced, and what price a society pays when reform is imposed without consent.

Cold, analytical, and free of slogans, Augusto Pinochet is not a moral sermon and not a defense. It is a structural study of power, ideology, and state transformation. For readers interested in Latin American history, political economy, and the relationship between coercion and reform, this book offers a clear and unsettling portrait of a regime that reshaped Chile, influenced the world, and left behind prosperity shadowed by unresolved human and political debts.