A World Bank report released Tuesday found that Latin America and the Caribbean registered a 50% jump in the number of people joining the middle class during the last decade, which was called by economists an historic achievement for a region long exposed to wealth inequality. Read full article
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!
It is becoming increasingly clear that Latin American economic policies contrary to the Washington Consensus, Neoliberalism and the International Monetary Fund have enabled Latin America (Kirchner, Lula-Rousset, Correa, Chavez, Morales, Ortega etc.) Have brought political sovereignty, economic independence and social justice in Latin America.Nov 14th, 2012 - 02:09 pm - Link - Report abuse 0
The slogan is: For you to do well economically, disobeying the IMF and the World Bank.
The example is the crisis in Europe with the deepening of the economic crisis to further neoliberal IMF.
1 RaulNov 14th, 2012 - 03:17 pm - Link - Report abuse 0
Ha, ha, ha.
Argentina is doing OK? Ha, ha, ha.
Correa, Dead Man Walking Cahez, Morales: ha, ha, ha to the power Googol.
Brasil are already finding out it's a little more difficult than they thought and THEY are the only ones worth talking about. The rest are robbing their own people, one way or another.
Raul,Nov 14th, 2012 - 03:19 pm - Link - Report abuse 0
Look at the numbers. Middle-class is being defined as USD 10 – 50 per day. The legal minimum wage in Chile is approx USD 12 / day. This makes all of Chile, except the 6% unemployed middle-class. ...I am sure they will all be delighted with their new status.
2Nov 14th, 2012 - 08:06 pm - Link - Report abuse 0
please cut your longed curly hairs.
@2Nov 14th, 2012 - 10:33 pm - Link - Report abuse 0
Hey, you are Brit. Remember your place. You come from a country, and a continent (Europe), that along with North America are seeing their middle class SHRINK.
#3 - Completely agree. Almost sounds as if the definition of middle class was defined so as to make Latam seem better that it really is. Someone making $10/day in the USA would be considered homeless....no no wait a minute even homeless people make about $70/day begging.Nov 14th, 2012 - 10:35 pm - Link - Report abuse 0
Paraguay's min wage is US$370/month or $12.36/day.
Socialists bringing down poverty and inequality, who'd'a thought? =)Nov 14th, 2012 - 10:48 pm - Link - Report abuse 0
@NostrolldamusNov 14th, 2012 - 11:30 pm - Link - Report abuse 0
Short but very good put down. May ChrisR now know his place.
#7 - Kinda like in the Soviet Russia.Nov 15th, 2012 - 12:22 am - Link - Report abuse 0
I guess Cristina, Morales, Mujica, Chavez , Castro and Dilma aren't such bad guys after all!Nov 15th, 2012 - 01:03 am - Link - Report abuse 0
Expanding middle class in Argentina,no longer held captive by subsidies and handouts,restless under high income tax rates.Nov 15th, 2012 - 01:07 am - Link - Report abuse 0
sounds like an own goal!
@5 Nostrolldamus & 8 Forgetit86Nov 15th, 2012 - 10:43 am - Link - Report abuse 0
Which one is tweedledum out of you pair of losers, because the other one must be tweedledee.
Is that the BEST you can come up with when faced with the downright financial ruin of Venezuela by Action Man Chavez (soon to be dead AM) himself?
Correa hides in hospitals while he sets the Policia on his own people or magnaminously 'forgives' the owner of the paper that told the truth about his gangster ways: chip of the old drug-running cowardly father of his, he did commit suicide didn't he?
And yes, I am a Brit, BUT I live in the only decent part of South America, Uruguay.
Where do you pair of non-entities live and where do you originate?
BKNov 15th, 2012 - 01:24 pm - Link - Report abuse 0
By any definition of “socialism”, Europe is far more socialist than South America – just look at the tax take in each region for a general picture of the situation, or the far greater inequality in South America. It is precisely the minimal socialism here that allows the dynamism that creates the growth we are seeing.
If you in the UK want to emulate our growth you should be looking to slash your oppressive socialist overheads rather than just wishing your ills on us.
The unfortunate problem with this report is that the conclusions drawn are based on figures ending 2009/2010, also they are dependent on the official figures/statistics released by each government (INDEC ?).Nov 15th, 2012 - 01:38 pm - Link - Report abuse 0
@7 Every scientific study I've seen correlates the pri ce of commodities with the rise of people's living standards. I.e. the price of an oil barrel tripled. Actually, in Venezuela, the decrease in poorest should have been much higher.Nov 15th, 2012 - 07:21 pm - Link - Report abuse 0
#15 Isolde miedosa y asquerosaNov 21st, 2012 - 01:16 am - Link - Report abuse 0
what are you pretending?
Shut up....you are worthless
Are you using a messenger such as Skype, Whatsapp, ooVoo etc.? Participate in a survey and win iPad (mini)! This is not spam – you can contact us directly: Gleb Zhukov at email@example.com.Nov 21st, 2012 - 11:48 am - Link - Report abuse 0
Please follow the link to sign-up for the survey: https://www.surveymonkey.com/s/5KC7T33