rationalism was first used by Labor's Gough Whitlam. to describe a market-oriented form of social democracy, but its meaning subsequently evolved. It is a philosophy which tends to advocate a free market economy, increased deregulation, privatisation, lower direct taxation and higher indirect taxation, and a reduction of the size of the welfare state. The politicians favouring New Right ideology were referred to as dries, while those advocating continuation of the economic policies of the post-war consensus, typically Keynesian economics, or were more socially liberal, were called wets (the term wets was similarly used in Britain to refer to those Conservatives who opposed Thatcherite economic policies, but dries in this context was much rarer in British usage). Brazil The New Right in Brazil has grown sharply in recent years within population, intelligentsia, and academia. That is mainly due to a generalized discontent with the left-wing government and its policies. This new movement distinguishes itself from what is known in Brazil as old right, which was ideologically associated to the Brazilian military government, União Democrática Nacional (National Democratic Union), and Integralism. It is identified by positive views regarding democracy, personal freedom, free-market capitalism, reduction of bureaucracy, privatization of state-run companies, tax cuts, parliamentary, political reform. It rejects "cultural Marxism", modern socialism and populism. There have been two major phenomena relating to the rise of the new Brazilian right: the Free Brazil Movement, which has managed to bring together millions of people on demonstrations against the government in March 2015; and the creation of the New Party (Partido Novo) and Libertários, the first liberal party since the First Brazilian Republic. Some Brazilian new-right thinkers are: Kim Kataguiri, and his movement Movimento Brasil Livre (Free Brazil Moviment), Roberto Campos, Wilson Martins, Olavo de Carvalho, Luiz Felipe Pondé, Paulo Francis, José Guilherme Merquior, Bruno Tolentino, and Miguel Reale. As a result of this movement, in the 2018 Brazilian election, Jair Messias Bolsonaro was elected President of Brazil with 55% of the votes; his Minister of the Economy, Paulo Guedes, graduated from the University of Chicago, famous for its economically liberal school of economics. Chile The term New Right (Spanish: Nueva derecha) has come into mainstream political discourse since the election of Sebastián Piñera in 2010, when interior minister Rodrigo Hinzpeter used it to describe his government. Hinzpeter's introduction of the term caused a buzz among newspapers, politicians and analysts. According to a column published in