Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Latin America - Model for Growing Middle Class?
Posted
November 18, 2012
Views
58,709
Likes
1,471
Comments
887
Engagement
4.02%
November 18, 2012
58,709
1,471
887
4.02%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
7:39Now Playing"Rapid economic growth and more inclusive social policies in Latin America in the last decade have lifted 50 million people into the middle class, which for the first time rivals the poor in number, the World Bank said in a study on Tuesday.
"Most countries in the region are on their way to becoming middle-class societies; this represents a historic change," World Bank President Jim Yong Kim told reporters.
Rising income levels have also created a 'vulnerable' class, which at 38 percent makes up the largest income group. These people hover just above poverty, living on a daily income between $4 and $10 per person."*
Cenk Uygur analyzes how Latin American countries ruled by extreme leftists could have succeeded in adding 50 million people to the middle class. Was it commodities, a system with more credence than previously believed, statistics mainly focusing on Brazil, or something else? Dave Koller weighs in.
*Read more from Anna Yukhananov/ Reuters:
Support The Young Turks by Subscribing
Support The Young Turks by Shopping
Like Us on Facebook:
Follow Us on Twitter
Buy TYT Merch
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
