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From their independence, the Latin American countries of Colombia, Argentina, and Venezuela inherited a number of economic challenges from the colonial era. Three of these economic challenges are the development of extreme income equality rooted in a rural economy, a feudal culture that discouraged open capitalistic entrepreneurialism in favor of oligarchy, and the inability of the federal government to mount the fiscal interventions necessary to save their states from intermittent economic crises. Each of these challenges has contributed to political problems in the countries cited, namely low-level civil war and the failure of the states to fulfill their social contract with the mass of people. This essay will link the economic problems of Colombia in particular to these political outcomes, and will also incorporate relevant examples from Venezuela and Argentina to demonstrate how the political fate of Latin America remains linked to the economic legacy of the Spanish conquest.

From the Paper:

The Political Consequences of Economic Problems in Latin America From their independence, the Latin American countries of Colombia, Argentina, and Venezuela inherited a number of economic challenges from the colonial era. Three of these economic challenges are the development of extreme income equality rooted in a rural economy, a feudal culture that discouraged open capitalistic entrepreneurialism in favor of oligarchy, and the inability of the federal government to mount the fiscal interventions necessary to save their states from intermittent economic crises. Each of these challenges has contributed to political problems in the countries cited, namely low-level civil war and the failure of the

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