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 is.
nytimes.com/2019/10/19/wor…
nytimes.com/2019/10/19/wor…
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.
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.
But it's been clear for a while that a younger generation in Chile wasn't willing to accept the status quo.
You can read more about Chile in my book, The Economists' Hour, which is the source of these excerpts. bit.ly/EconHour
