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Noah Smith ๐Ÿ‡
Chile is a highly unequal country. But in recent years, inequality in Chile has fallen significantly (as it has in most Latin American countries).
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Noah Smith ๐Ÿ‡ 28 Oct 19
Replying to @Noahpinion
And even as inequality has fallen, incomes have grown. Since 1990, Chile's growth has considerably outpaced that of the United States.
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Noah Smith ๐Ÿ‡ 28 Oct 19
Replying to @Noahpinion
Chile's life expectancy has risen steadily, overtaking that of neighboring Argentina. Chileans, on average, now live longer than Americans do.
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Noah Smith ๐Ÿ‡ 28 Oct 19
Replying to @Noahpinion
Freedom House rates Chile as being significantly more free than the United States. Chile gets a rating of 94/100, compared to 86/100 for the U.S.
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Noah Smith ๐Ÿ‡ 28 Oct 19
Replying to @Noahpinion
Reporters Without Borders ranks Chile 45th in terms of press freedom. The United States is 48th.
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Noah Smith ๐Ÿ‡ 28 Oct 19
Replying to @Noahpinion
In terms of wealth, Chile is actually LESS unequal than the United States (measured by wealth Gini coeffcients).
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Noah Smith ๐Ÿ‡ 28 Oct 19
Replying to @Noahpinion
In addition to outgrowing the United States, Chile since 1990 (when it got rid of its fascist government) has consistently outgrown Argentina, Brazil, Colombia, and Mexico - all while reducing inequality.
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Noah Smith ๐Ÿ‡ 28 Oct 19
Replying to @Noahpinion
In conclusion, despite a high level of income inequality, Chile since the end of fascist rule looks like a huge success story - growing incomes, falling inequality, improving health, and a free society. (end)
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Kevin Corby 28 Oct 19
Replying to @Noahpinion
Why? (Maybe a follow up tweet is still coming)
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Ivan Werning 28 Oct 19
Replying to @Noahpinion
Apparently the Gini reported by world bank (not sure if FRED is showing the same) glued together time series with different methodologies making the lowering of inequality look better (but initial level worse):
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Matรญas Martรญnez vdF 28 Oct 19
Based on the graph I don't see a signicant improvement since 2006. Seems stagnant to me. I only see improvements between 2000 and 2006, period corresponding to only one out of the five governments after the dictatorship.
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