Analyze the argument that high levels of inequality have led to political instability in Latin America.(1 point) Responses

Question

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.

Answer 1

The argument that high levels of inequality have led to political instability in Latin America is valid. The concentration of wealth and power in the hands of a small elite social group has resulted in institutions favoring their needs over the general population, leading to widespread discontent and social unrest. The lack of well-paid job opportunities and economic growth in certain sectors has further exacerbated inequality and contributed to the instability in the region. Additionally, the shift away from communist economic policies towards privatization has not necessarily alleviated inequality, but rather reinforced the divide between the elite and the rest of the population. The example of Cuba's economic decline in the 1950s serves as a cautionary tale of the consequences of growing inequality and the potential for political instability in Latin America.