Скачать или смотреть Billionaires & Cartels: Why Latin America Can't Escape The Poverty Trap

The Real Reason Behind the Gap
The massive economic disparity between North America and its southern neighbors isn't a matter of fate, geography, or resources. It's the result of a "400-year decision" that dictated whether nations would be built on Inclusive or Extractive Institutions.

🇺🇸 The Inclusive Model: North American settlers built systems that provided property rights and fair economic opportunities to the majority, fueling sustained growth.

🇲🇽 The Extractive Model: Spanish conquerors established systems focused on resource exploitation by a few. Even after independence, this structure was maintained by Creole aristocrats who formed powerful family-centered oligarchies.

The Price of Legacy
This historical choice led to a cycle of poverty and instability in Latin America, where wealth is still monopolized by an elite few. The result? Weak rule of law, constant threats of military dictatorship, and the rise of devastating issues like drug cartels and systemic corruption.



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