By Juan Carlos Cuchacovich
Editors Note: The following is from Issue 12.
Chile’s Water Code, issued in 1981, created a regulatory instrument that established entirely a neoliberal economic policy. These water regulations permitted perpetual, tradable water claims to be assigned via the market. This touched off a race that resulted in the assignment of the majority of rivers to whomever presented the corresponding requests, and the spoils were distributed without consideration for the environment, geopolitics, public health, or equity.