Four years of malign U.S. neglect and continental upheaval will require a rethink of U.S. policy.

President Lopez Obrador’s plan to renationalize electricity generation will make it more expensive, dirtier and less reliable and jeopardize the inclusive economic growth he says he wants. 

Once the region’s no-frills, free-market poster child, Chile needs more government spending, not less, to sustain its growth trajectory.