Between 1980 and today, several South American countries have seen significant changes in their per capita incomes but the continent is divided into winners and losers. Chile has been one of the biggest winners and Venezuela one of the biggest losers. Last century Argentina was one of the wealthiest countries on the planet, but generations of mismanagement led to stagnation and poverty. That has started to change as the economy is growing strongly now. Venezuela used to be twice as wealthy as Chile in 1980. Then Chile followed Milton Friedman‘s free market ideas whereas Venezuela was ruled by …