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.
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
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.
![](https://pbs.twimg.com/media/EHXVueWX0AAagzb.png)
![](https://pbs.twimg.com/media/EHXWPRLXYAAVnJE.jpg)
![](https://pbs.twimg.com/media/EHXXMiYXUAcY8bK.png)