Despite the efforts of leftist governments in the region to alleviate the poverty of the masses in Latin America and ensure new social contracts guaranteeing dignified living conditions to workers and the poor, the region as a whole remains one of the most unequal in the world—second only to Africa.
According to the World Bank, five Latin American countries rank among the 14 countries which suffer from major inequality. These countries include Honduras (6), Colombia (7), Brazil (8), Guatemala (9), Panama (10) and Chile (14). The countries were ranked according to the Gini coefficient—a figure that measures inequality in a given country by evaluating the distribution of family income.
teleSUR takes a look at the stark disparities in wealth and well-being felt in a region that remains plagued by corporate exploitation, a lack of workers' rights and social benefits, and economic subservience to the wealthy centers of global capitalism.