Chile Writes a New Constitution, Confronting Climate Change Head On

> SQM was a state-owned maker of fertilizer chemicals until Mr. Pinochet turned it over to his then son-in-law, Julio Ponce Lerou, in 1983. More recently, it has been fined by Chile’s stock market regulator and by the U.S. Securities and Exchange Commission over violations of the Foreign Corrupt Practices Act. Mr. Ponce, no longer chairman, retains 30 percent ownership.

Wow.

https://en.wikipedia.org/wiki/Julio_Ponce_Lerou

> Ponce is currently accused of a millionaire fraud and embezzlement that affects the pension funds of millions of Chilean citizens under what is known as the "Cascadas" case.

Double Wow.

Wikipedia cattily says "See also: crony capitalism"

Hope it works out for them, Chile has an amazing opportunity here.

SO powerful.