Chile almost immediately rebuffed neoliberal policy after it immediately tanked their economy. They still have central control of their largest industries, and spend massively on social programs.
And that was in the 80s and 90s.
Under the influence of the Chicago Boys the Pinochet regime made of Chile a leading country in establishing neoliberal policies. These policies allowed large corporations to consolidate their power over the Chilean economy, leading to increases in unemployment and real wages whilst failing to achieve long-term economic growth. Income inequality, which had fallen during the presidency of socialist Salvador Allende, rose substantially during the reign of Pinochet as neoliberal free market policies were implemented. The crisis of 1982 caused the appointment of Hernán Büchi as minister of finance and a sharp revision of economic policy. Despite a general selling of state property and contrary to neoliberal prescriptions, the regime retained the lucrative state owned mining company CODELCO which stands for about 30% of government income.
According to the CIA World Factbook, during the early 1990s, Chile’s “reputation as a role model for economic reform” was strengthened when the democratic government of Patricio Aylwin, who took over from the military in 1990, deepened the economic reform initiated by the military government. It should be noted, however, that the Aylwin government departed significantly from the neoliberal doctrine of the Chicago boys, as evidenced by high government spending on social programs to tackle poverty and poor quality housing.