Chile

Continuing our task of revealing the class division that exists throughout the world.

Four families in Chile concentrate 47% of the assets of companies quoting in the Santiago Stock exchange according to a book titled “Towards an inclusive growth; economic policy proposals” written by economist Luis Eduardo Cerda.

Andronico Luksic; Anacleto Angelini; Eduardo Matte and current president Sebastián Piñera, whom together made up 9.16% of Chile’s GDP in 2004 and 12.49% of GDP in 2008.

To the 47% of assets in the stock exchange, according to Cerda must be added critical market concentrations in other areas such as pension funds’ management, the financial system and the companies involved in private medical attention.

In regards to wealth and the distribution of national income “little has happened in that field”. According to the Gini index (a UN development program equality measuring system) “the rate remains virtually unmoved since the mid eighties until 2009”.