Socialist Party of Chile Socialist Party of Chile The Socialist Party of Chile (, or PS) is a political party within the centre-left Nueva Mayoría. Its historic leader was President of Chile Salvador Allende, who was deposed in a coup d'état by General Pinochet in 1973. Twenty-seven years later, Ricardo Lagos Escobar represented the Socialist Party in the 1999 presidential elections. He won 48.0% in the first round of voting and was elected with 51.3% in the second round. In the legislative elections on 16 December 2001, as part of the Coalition of Parties for Democracy, the party won 10 out of 117 seats
Economy of Chile Foundation's "Index of Economic Freedom" in 2012, Chile has the strongest private property rights in Latin America, scoring 90 on a scale of 100. Chile's AA- S&P credit rating is the highest in Latin America, while Fitch Ratings places the country one step below, in A+. There are three main ways for Chilean firms to raise funds abroad: bank loans, issuance of bonds, and the selling of stocks on U.S. markets through American Depository Receipts (ADRs). Nearly all of the funds raised through these means go to finance domestic Chilean investment. In 2006, the Government of Chile ran a surplus