The piper must be paid. Unchecked printing of money and record-setting deficit spending can't continue. In fact, they represent a bubble of sorts, not unlike the housing bubble or the tech boom.
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He [Salvador Allende] became the first "democratically elected Marxist to become president of a country in the Americas" and he aggressively moved to implement "reforms", which were intended to "put Chile on the road to Socialism".

Companies were nationalized, land was confiscated, and mines were taken over by the government, all in the name of wealth redistribution. Ostensibly these industries and properties were now owned by "the workers". In reality, of course, Allende's friends and supporters were placed in powerful oversight roles within the government and in the companies themselves.

Read the whole article. There are a couple of good links too.

Don't read it in the evening if you're prone to stressful nightmares.