As Chile has continued to grow and prosper in the twenty-first century, this new edition of the definitive history of the country brings the story of its political, social and cultural development up to date. It describes how Ricardo Lagos and Michelle Bachelet, both highly educated Socialists, modernized the country and integrated new interests into Chilean political life, and how the billionaire, Harvard-trained economist Sebastian Pinera, who succeeded Bachelet, addressed the problems caused by the 2010 tsunami. In the last twenty years Chile diversified its economy, replaced a number of Pinochet's organizations with more inclusive institutions, cultivated Chilean culture, modernized its constitution, and fomented reconciliation of the various political factions until economic crisis in early 2018 caused political chaos and occasionally violent public protest. Based on new statistics to measure Chile's economic and social development, this volume celebrates Chile's achievements and dissects its failures.