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A big issue throughout much of Latin America and the Third World is a question of deeds to property ~ the laws don't protect the poor, and the governments do not enforce what rights they have to property. In the United States we have laws that are enforced. They are revolutionary ~ and we think that's how things ought to be.

The issue in the Third World is that the oligarchies work to prevent "outsiders" from making money, by making successful business creation a monopoly of the "insiders".

Corruption plays an important role. If you are not an insider, you will have an endless stream of bureaucrats, regulators, and inspectors harassing you for bribes, which drains funds from a start-up, and hampers success. You can also forget about government contracts (or you may get the contract, but have difficulty getting paid).

Conversely, if you are a well-connected insider, the bureaucrats know better than to demand bribes, you are promptly paid, and you are likely to be successful even if you're not that bright.

The central objective of the oligarchy is preventing smart and energetic outsiders from rising. They don't want a middle-class to compete with them. They want a mass of poor people to supply them with servants and mistresses.

Which, of course, takes place at a higher economic level in the United States. Warren Buffett is a good example of this. He wants the gub'mnt to heavily tax the people who earn less than him LEST they get as rich as him and deprive him of what he thinks is his right to another few billion bucks!

He has his lackeys like Obama work hard to make sure this happens.