Analyze the argument that high levels of inequality have led to political instability in Latin America.
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.
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.
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.
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.
The high levels of inequality in Latin America have led to political instability due to the disenfranchisement of large portions of the population. The elite control of resources and money has led to institutions that cater to their needs, neglecting the rest of the population. This lack of representation and opportunity for the majority of people has created frustration and discontent, leading to political unrest and instability.
Additionally, the focus on economic growth in industries that do not provide well-paid employment has further exacerbated inequality in the region. The lack of well-paid jobs and economic opportunities for the majority of the population has fueled social and economic disparity, leading to protests and social movements demanding change.
Furthermore, the failure of certain countries, such as Cuba, to sustain economic and social growth has highlighted the consequences of inequality and disparity in the region. When a significant portion of the population is left behind and unable to access economic opportunities, it leads to instability as people demand change and better opportunities for themselves and their communities.
Overall, the high levels of inequality in Latin America have created a breeding ground for political instability as marginalized communities and individuals demand equal access to resources, opportunities, and representation in society. Unless measures are taken to address these issues and reduce inequality, political instability is likely to persist in the region.