Wait, so you are saying that because 200 years ago Chile was a colony of Spain, the modern Chilean government is not allowed to enter into a mutually beneficial

Wait, so you are saying that because 200 years ago Chile was a colony of Spain, the modern Chilean government is not allowed to enter into a mutually beneficial partnership with anyone in Europe lest they be accused of "colonialism"? And are you also saying that a European University that spends a billion or two euros designing, building, and operating the thing can't call it a European telescope because it is located in Chile? That must be the world's stupidest problem. People sell the naming rights to things all of the time. Plus, you state that "Europe can take all of the benefits", which is simply untrue. Observatories are funded by selling observation time to scientists. Any astronomer anywhere in the world will be able to buy time on the telescope. Their discoveries benefit everyone in the world. Meanwhile Chile gets a slice of that money, plus a constant stream of astronomers visiting the country to use the thing. And all it cost them was some land that is literally useless for any other purpose. Seems like a great deal for Chile.