IBOV 177,999.00 ▲ 0.47% IPSA 11,016.85 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,291,323 ▼ 0.41% COLCAP 2,392.10 ▲ 2.12% BVL PERÚ 57,890.85 — — USD/BRL5.07▼ 0.02% USD/MXN17.32▼ 0.15% USD/CLP 930.47 — 0.00% USD/COP3,148▼ 0.08% USD/PEN3.40▲ 0.15% USD/ARS1,485▼ 0.03% USD/UYU 40.20 — 0.00% USD/PYG 5,931 — 0.00% USD/BOB 12.10 — 0.00% USD/DOP57.68▼ 0.53% USD/CRC 448.40 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.76 — 0.00% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.19% USD/TTD6.72— 0.00% EUR/BRL5.86▲ 0.20% BRENT 90.12 ▲ 1.22% WTI 80.21 ▼ 5.27% IRON ORE 161.91 — — COPPER 6.53 ▲ 1.42% GOLD 4,107 ▲ 1.43% SILVER 58.37 ▲ 1.34% SOY 1,181 ▲ 0.79% CORN 460.50 ▲ 4.48% WHEAT 636.75 ▼ 0.39% COFFEE 313.55 ▼ 2.94% SUGAR 14.65 ▲ 1.52% ORANGE JUICE 153.35 ▲ 5.03% COTTON 81.20 ▲ 2.25% COCOA 5,537 ▲ 8.31% BEEF 227.25 ▼ 1.72% CATTLE 343.78 ▼ 0.78% LITHIUM 69.22 ▼ 0.85% PETR4 43.42 ▲ 1.35% VALE3 76.28 ▲ 0.25% ITUB4 42.89 ▲ 0.35% BBDC4 18.43 ▲ 0.22% ABEV3 15.99 ▲ 0.19% BBAS3 21.35 ▲ 0.76% B3SA3 15.73 ▲ 0.64% WEGE3 47.20 ▲ 0.81% PRIO3 60.85 ▲ 1.48% SUZB3 43.32 ▲ 1.38% RENT3 37.61 ▼ 1.62% AZZA3 16.42 ▲ 3.53% CSAN3 4.07 ▲ 2.01% RAIZ4 0.26 — 0.00% PCAR3 2.59 ▼ 5.47% GMAT3 4.03 ▲ 1.26% PSSA3 54.70 ▲ 0.64% CVCB3 1.31 ▲ 0.77% POSI3 3.55 ▲ 0.85% SLCE3 13.38 ▲ 0.91% NATU3 8.38 ▲ 0.60% BRKM5 5.97 ▲ 0.67% RANI3 8.11 ▲ 1.00% CSNA3 4.84 ▼ 2.22% CMIN3 5.71 ▼ 0.17% USIM5 7.36 ▼ 2.52% GGBR4 24.98 — 0.00% ENEV3 26.31 ▲ 0.61% CPFE3 46.14 ▲ 0.11% CMIG4 11.34 ▲ 0.98% EQTL3 38.66 — 0.00% LREN3 13.60 ▲ 0.59% VIVT3 32.63 — 0.00% RAIL3 14.44 ▲ 1.12% KLABIN 18.25 ▲ 1.11% RAIA DROGASIL 18.48 ▲ 1.26% RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% FEMSA 221.95 ▲ 1.19% CEMEX 20.54 ▼ 0.73% GFNORTE 199.64 ▼ 0.32% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.62 ▼ 0.34% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 62,700 ▼ 0.93% COPEC 6,350 ▲ 0.79% BSANTANDER 80.99 ▲ 0.36% FALABELLA 6,216 ▼ 0.06% ENELAM 87.99 ▲ 0.39% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 ▼ 1.57% LATAM AIR 24.74 ▼ 0.64% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,555 ▲ 0.36% TXAR 655.50 ▲ 1.16% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.03 ▼ 1.94% LOMA NEGRA 3,620 ▼ 1.76% BYMA 296.00 ▼ 0.34% TELECOM ARG 4,408 ▲ 2.14% ECOPETROL 16.77 ▼ 1.58% BANCOLOMBIA 92.52 ▼ 1.46% GRUPO AVAL 5.28 ▲ 2.75% CREDICORP 400.58 ▼ 0.42% SOUTHERN COPPER 182.71 ▼ 1.24% BUENAVENTURA 30.28 ▼ 4.96% MERCADOLIBRE 1,878 ▼ 0.41% NUBANK 14.33 ▼ 1.10% XP 17.06 ▼ 0.81% PAGSEGURO 9.64 ▼ 2.03% STONE 11.38 ▼ 0.48% GLOBANT 36.60 ▲ 0.58% TECNOGLASS 43.44 ▼ 0.34% GAP AIRPORT 217.35 ▼ 1.02% ASUR 275.62 ▼ 0.34% OMA AIRPORT 106.90 ▼ 1.10% AMX ADR 25.37 ▲ 0.18% FEMSA ADR 127.99 ▲ 0.97% CEMEX ADR 11.82 ▼ 0.92% PETROBRAS ADR 19.40 ▲ 1.46% VALE ADR 15.06 ▲ 0.47% ITAU ADR 8.46 ▲ 0.24% SANTANDER BR 5.67 ▲ 12.28% AMBEV ADR 3.11 ▼ 0.32% CSN 0.99 ▼ 2.42% GERDAU 4.96 — 0.00% LATAM ADR 52.75 ▼ 2.21% BTC 63,085 ▲ 0.51% ETH 1,864 ▲ 1.10% SOL 72.86 ▲ 1.38% XRP 1.07 ▲ 1.32% BNB 583.37 ▲ 1.46% ADA 0.19 ▲ 6.36% DOGE 0.07 ▲ 1.30% AVAX 6.50 ▲ 5.11% LINK 8.32 ▲ 3.29% DOT 0.79 ▲ 1.21% LTC 44.58 ▲ 0.90% BCH 211.36 ▲ 1.65% TRX 0.33 ▼ 0.46% XLM 0.17 ▲ 0.93% HBAR 0.07 ▲ 0.50% NEAR 1.70 ▲ 1.64% ATOM 1.26 ▲ 3.11% AAVE 91.54 ▲ 1.13% SELIC 14.25% EMBRAER 86.89 ▲ 0.87% EMBRAER ADR 68.33 ▲ 0.32% JBS 14.02 ▼ 1.89% JBS BDR 70.70 ▼ 2.01% MBRF3 17.54 ▼ 2.34% MBRFY 3.39 ▼ 2.31% INTER 5.60 ▼ 0.71% EGX 54,286 ▲ 1.23% USD/ZAR16.48▼ 0.40% USD/NGN 1,364 — 0.00% NIKKEI 63,024 ▼ 2.08% CSI300 4,588 ▲ 0.85% HSI 25,987 ▲ 0.40% NIFTY 24,384 ▲ 0.27% KOSPI 6,290 ▼ 4.63% JCI 6,236 ▲ 0.80% USD/JPY156.32▼ 0.80% USD/CNY6.75▼ 0.04% DAX 25,629 ▲ 0.07% CAC 8,510 ▲ 0.28% FTSE 10,868 ▼ 0.27% MIB 52,173 ▲ 0.13% IBEX 19,783 ▲ 0.13% STOXX 649.19 ▼ 0.12% EUR/USD1.15▲ 0.05% GBP/USD1.35▼ 0.07% SPX 7,490 ▲ 0.70% DJI 52,485 ▲ 0.53% NDX 28,274 ▲ 0.60% RUT 2,931 ▼ 0.50% TSX 35,226 ▼ 0.79% VIX 15.99 ▼ 6.44% USD/CAD1.40▲ 0.08% US10Y 4.7450 ▲ 1.76% IBOV 177,999.00 ▲ 0.47% IPSA 11,016.85 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,291,323 ▼ 0.41% COLCAP 2,392.10 ▲ 2.12% BVL PERÚ 57,890.85 — — USD/BRL 5.07 ▼ 0.02% USD/MXN 17.32 ▼ 0.17% USD/CLP 930.47 — 0.00% USD/COP 3,148 ▼ 0.08% USD/PEN 3.40 ▲ 0.15% USD/ARS 1,485 ▼ 0.03% USD/UYU 40.20 — 0.00% USD/PYG 5,931 — 0.00% USD/BOB 12.10 — 0.00% USD/DOP 57.68 ▼ 0.53% USD/CRC 448.40 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.76 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.56% USD/TTD 6.72 ▲ 0.86% EUR/BRL 5.86 ▲ 0.20% BRENT 90.12 ▲ 1.22% WTI 80.21 ▼ 5.27% IRON ORE 161.91 — — COPPER 6.53 ▲ 1.42% GOLD 4,107 ▲ 1.43% SILVER 58.37 ▲ 1.34% SOY 1,181 ▲ 0.79% CORN 460.50 ▲ 4.48% WHEAT 636.75 ▼ 0.39% COFFEE 313.55 ▼ 2.94% SUGAR 14.65 ▲ 1.52% ORANGE JUICE 153.35 ▲ 5.03% COTTON 81.20 ▲ 2.25% COCOA 5,537 ▲ 8.31% BEEF 227.25 ▼ 1.72% CATTLE 343.78 ▼ 0.78% LITHIUM 69.22 ▼ 0.85% PETR4 43.42 ▲ 1.35% VALE3 76.28 ▲ 0.25% ITUB4 42.89 ▲ 0.35% BBDC4 18.43 ▲ 0.22% ABEV3 15.99 ▲ 0.19% BBAS3 21.35 ▲ 0.76% B3SA3 15.73 ▲ 0.64% WEGE3 47.20 ▲ 0.81% PRIO3 60.85 ▲ 1.48% SUZB3 43.32 ▲ 1.38% RENT3 37.61 ▼ 1.62% AZZA3 16.42 ▲ 3.53% CSAN3 4.07 ▲ 2.01% RAIZ4 0.26 — 0.00% PCAR3 2.59 ▼ 5.47% GMAT3 4.03 ▲ 1.26% PSSA3 54.70 ▲ 0.64% CVCB3 1.31 ▲ 0.77% POSI3 3.55 ▲ 0.85% SLCE3 13.38 ▲ 0.91% NATU3 8.38 ▲ 0.60% BRKM5 5.97 ▲ 0.67% RANI3 8.11 ▲ 1.00% CSNA3 4.84 ▼ 2.22% CMIN3 5.71 ▼ 0.17% USIM5 7.36 ▼ 2.52% GGBR4 24.98 — 0.00% ENEV3 26.31 ▲ 0.61% CPFE3 46.14 ▲ 0.11% CMIG4 11.34 ▲ 0.98% EQTL3 38.66 — 0.00% LREN3 13.60 ▲ 0.59% VIVT3 32.63 — 0.00% RAIL3 14.44 ▲ 1.12% KLABIN 18.25 ▲ 1.11% RAIA DROGASIL 18.48 ▲ 1.26% RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% FEMSA 221.95 ▲ 1.19% CEMEX 20.54 ▼ 0.73% GFNORTE 199.64 ▼ 0.32% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.62 ▼ 0.34% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 62,700 ▼ 0.93% COPEC 6,350 ▲ 0.79% BSANTANDER 80.99 ▲ 0.36% FALABELLA 6,216 ▼ 0.06% ENELAM 87.99 ▲ 0.39% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 ▼ 1.57% LATAM AIR 24.74 ▼ 0.64% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,555 ▲ 0.36% TXAR 655.50 ▲ 1.16% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.03 ▼ 1.94% LOMA NEGRA 3,620 ▼ 1.76% BYMA 296.00 ▼ 0.34% TELECOM ARG 4,408 ▲ 2.14% ECOPETROL 16.77 ▼ 1.58% BANCOLOMBIA 92.52 ▼ 1.46% GRUPO AVAL 5.28 ▲ 2.75% CREDICORP 400.58 ▼ 0.42% SOUTHERN COPPER 182.71 ▼ 1.24% BUENAVENTURA 30.28 ▼ 4.96% MERCADOLIBRE 1,878 ▼ 0.41% NUBANK 14.33 ▼ 1.10% XP 17.06 ▼ 0.81% PAGSEGURO 9.64 ▼ 2.03% STONE 11.38 ▼ 0.48% GLOBANT 36.60 ▲ 0.58% TECNOGLASS 43.44 ▼ 0.34% GAP AIRPORT 217.35 ▼ 1.02% ASUR 275.62 ▼ 0.34% OMA AIRPORT 106.90 ▼ 1.10% AMX ADR 25.37 ▲ 0.18% FEMSA ADR 127.99 ▲ 0.97% CEMEX ADR 11.82 ▼ 0.92% PETROBRAS ADR 19.40 ▲ 1.46% VALE ADR 15.06 ▲ 0.47% ITAU ADR 8.46 ▲ 0.24% SANTANDER BR 5.67 ▲ 12.28% AMBEV ADR 3.11 ▼ 0.32% CSN 0.99 ▼ 2.42% GERDAU 4.96 — 0.00% LATAM ADR 52.75 ▼ 2.21% BTC 63,085 ▲ 0.51% ETH 1,864 ▲ 1.10% SOL 72.86 ▲ 1.38% XRP 1.07 ▲ 1.32% BNB 583.37 ▲ 1.46% ADA 0.19 ▲ 6.36% DOGE 0.07 ▲ 1.30% AVAX 6.50 ▲ 5.11% LINK 8.32 ▲ 3.29% DOT 0.79 ▲ 1.21% LTC 44.58 ▲ 0.90% BCH 211.36 ▲ 1.65% TRX 0.33 ▼ 0.46% XLM 0.17 ▲ 0.93% HBAR 0.07 ▲ 0.50% NEAR 1.70 ▲ 1.64% ATOM 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Chile Politics - Brazil

Analysis: Chile’s upcoming election between discredited parties and underfunded independents

By · May 12, 2021 · 4 min read

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RIO DE JANEIRO, BRAZIL – Some experts see the phenomenon of independent candidacies in Chile’s constituent elections as the beginning of a new model of citizen politics and the death certificate for the discredited political parties. Still, its success may be truncated by the dispersion of their proposals and the proportionality in the distribution of votes.

These elections, which will take place next May 15 and 16, will define the 155 members of the convention that will draft the new Magna Carta, a process that emanated from the social protests of October 2019 and obtained a stamp of approval in the plebiscite held last year.

Chile, between the discredit of parties and the bubble of independents
Chile, between the discredit of parties and the bubble of independents. (Photo internet reproduction)
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Apart from the 95 candidates who will represent the indigenous peoples (with a reserved quota of 17 seats), those candidates sponsored by a political party are a minority (495) when compared to the independents (793). Experts point to a disaffection of the citizenry towards traditional politics that may bury the party structures in these elections, and open a new form of representation with a more active and direct presence of the people in the future.

“These elections are the death certificate of the most traditional parties, especially those of a more doctrinaire nature. The tendency is to vote for people rather than for parties,” said Jaime Abedrapo, director of the School of Government at the Law School of the Universidad San Sebastián.

On the other hand, the greater presence of political parties in society, their financial muscle for campaigning, and the familiarity of their faces lead other experts to predict a great defeat for the independents at the polls, with very dispersed support in votes that will not translate into seats.

Read also: Five keys for a better understanding of the mega-elections that will define Chile’s future

“We will have to see the level of voting that the total number of independent lists will reach, but the distribution of seats will favor the parties or party lists,”  says Octavio Avendaño, an academic at the Faculty of Social Sciences of the University of Chile.

THE OPPORTUNITY OF INDEPENDENTS

Independent candidates respond to diverse sensibilities, from feminism to the environment, including indigenous peoples or advocates of changing Chile’s pension model, and “in no case are they apolitical figures,” Avendaño said.

“Normally these are figures who intend to enter into political activity without having a direct party affiliation, but who intend to develop a type of participation in the public sphere, in this case, to intervene in what is going to be the constituent project,” he commented.

According to the last survey of the Center for Public Studies (CEP), the independents’ great trump card in these elections lies in the historical weakening suffered by political parties, which generate only 2% of confidence in citizens.

“It could be an election in which the parties are the big losers, and that is the great uncertainty: whether the independents will be able to capitalize part of this discontent,” commented Julieta Suárez Cao, a political scientist at the Catholic University.

“These are the first elections that allow lists of independent candidates, and they will mark a before and after, not because this is the cause but because it is a symptom of the crisis of the parties and political clans, which are going to have to reconnect with the citizens,” she added.

A BUBBLE THAT CAN BURST?

The paradoxical thing pointed out by Avendaño is that despite this discredit of the political parties, their collapse is not going to take place. They are even going to obtain greater representation in the constituent convention thanks to the D’Hondt method by which the seats are assigned, because the votes for the independents will be dispersed among a multitude of lists.

In the same line, the political scientist Kenneth Bunker of the Tres Quintos media commented that although the polls show that about 80% of the people favor voting for independent candidates, the traditional politicians are going to outnumber them in seats.

“What is the probability that an independent, without significant funding, will get the votes needed for a seat? It’s low (…) I don’t see that they can have much chance of winning,” Bunker said.

For this reason, he considered that “it is the political parties, because of their machinery and their experience in elections, who can manage to get their candidates in”.

Faced with a scenario in which the independents are left out of the constituent convention or very little represented in it, Bunker wonders what will happen to the candidates who do not manage to win election, and to the social mass that looks forward to this process giving it an eminently citizen aspect, for having its roots planted in the protests of 2019.

“There will be many losers, and knowing what their role will be during the constitutional process that follows will be very important (…) -he indicated-. This may contribute, or not, to a calm constitutional process”.

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