Analyze the argument that high levels of inequality have led to political instability in Latin America. Responses
An elite social group with its roots in the power of the Spanish, Portuguese, and French colonial elite still controls much of the region's resources and money. This causes institutions to look after the needs of this elite group, rather than all of a country’s population.
Throughout the twentieth century, economic growth was focused on institutions, such as plantations, that do not supply a lot of well-paid employment.The region has fewer well-paid jobs available than other regions.
Over time, Latin America’s communist economic and social policies have cooled. For example, many Latin Americans are now able to own private businesses which was not allowed in the past.
In the middle of the twentieth century, Cuba appeared to be doing quite well. It was growing economically and socially. By the 1950s, however, it was no longer doing so well.
Overall, the argument that high levels of inequality have led to political instability in Latin America is quite convincing. The concentration of wealth and power in the hands of a small elite has led to governments prioritizing the needs of this group over the rest of the population. This has created widespread dissatisfaction and resentment among the majority of citizens who are not benefiting from economic growth.
Furthermore, the lack of well-paid job opportunities in the region has contributed to high levels of poverty and income inequality. This economic disparity fuels social unrest and political instability as marginalized groups demand greater representation and access to resources.
Although there have been some improvements in economic policies and opportunities for private business ownership in Latin America, the underlying issue of inequality persists. Until governments address the systemic issues that perpetuate inequality and prioritize the needs of all citizens, political instability is likely to continue in the region.