My only connection to Chile is with a business connection of my father; a young man (well probably about 45 now) who was a winemaker. My parents discovered, when they visited his office in Santiago, that his mother was a member of a family so wealthly that they owned the largest insurance company, the main mobile phone company and apparently Napoleon's desk(!).
This would be about 15 years ago.
The situation you describe regarding the have's and have nots is similar to other countries best described as second world. The only way out in my experience is to create a larger band of almost haves; i.e. a much larger middle class. In Israel this occured with the advent of 'hi tech' and widespread use of mobile data. There is now a huge 'hi tech' industry with international customers (e.g. Waze), and with internet communications, there is also a large sector of UK/USA businesses run by ex-pats living in Israel, enabled by fast internet.
This has broadened the wealth base to such a large extent that disrupters in many fields are having a major effect on the power of the small number of wealthy families. The levels of corruption are down, excessive price gouging is reduced and if the government gets its act together, the banking system will be modernised as well.
But the cause of the improvement was cyber and hi-tech in the Army etc. Lots of conscripts coming out of the army with huge IT experience, which was translated into successful business ideas. Chile and similar countries need a source and growth mechanism for it to work.
Last edited by: Netsur on Sun 20 Oct 19 at 09:49
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