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Authors Binyamin Appelbaum

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Binyamin Appelbaum
Binyamin Appelbaum
@BCAppelbaum
Chile is the poster child for extreme economic inequality in a developed country. I spent time there last year for my book (which has a chapter on Chile) and what I found hardest to understand is why there wasn't more political unrest. Now there

A few choice facts about Chile and inequality:

In Chile, the social security system is basically designed to redistribute wealth from the masses to the rich, because workers are required to put their savings into private investment funds that charge ridiculous fees.

The commitment to private industry runs deep. If the available water is sufficient either for drinking or growing avocados... well, you get the idea.


The result in Chile is two worlds, side by side.


And what is most remarkable is that, for the longest time, even the ostensibly left-wing parties were on board. Chile's socialists basically don't like socialism.
WORLD
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