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GORET
em
ION
-5-
investments have flowed into Latin America since the last war ($1.7 bi Lilion
in the three=year period of 1947-49), it would be reasonable to expect them
to continue rapidly to increase. United States investments in Latin America
include private loans, mining interests, sugar and banana plantations, railways,
meat packing plants, public utilities, assembly plants and branch factories,
land holdings, air, sea and other communications, and general business enter=
prises.
Conditions Within the Area
15. There are three basic problems which adversely affect our relations
with the area: A popular demand in Latin America for immediate reform which
produces instability, weakness and demagoguery; a great disparity in wealth
and power between the United States and Latin America which, aided by old
prejudices, keeps alive anti-Americanism and stimulates economic nationalismg
and communism, which exploits both of these' conditions. These factors are
related and inter-acting, and produce or aggravate subsidiary problems.
16. Social progress has been slow. The great masses are very poor and
a few are very wealthy. A large middle class does not exist. Organized labor,
where it exists, is often the mere instrument of a political group. An
equitable sharing of the tax burden has not been accomplished. Interest rates
and returns on capital investments are high and wages low. Inflation is common-
plaçe. Those with capital show a persistent reluctance to invest in productive
industries.
17. Similarly, political developments have not kept pace with the times.
Venality on the part of public officials is common. There is a lack of trained
public servants capable of formulating sound government policies and of
DECLASSIFIED
efficiently
O. 11652, Sec. 3(E) and S(D) or (E)
Dept. of State letter. 5-3-77
By NLT. He REARS sin SECURITY INFORMATION
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"ocrText": "GORET\nem\nION\n-5-\ninvestments have flowed into Latin America since the last war ($1.7 bi Lilion\nin the three=year period of 1947-49), it would be reasonable to expect them\nto continue rapidly to increase. United States investments in Latin America\ninclude private loans, mining interests, sugar and banana plantations, railways,\nmeat packing plants, public utilities, assembly plants and branch factories,\nland holdings, air, sea and other communications, and general business enter=\nprises.\nConditions Within the Area\n15. There are three basic problems which adversely affect our relations\nwith the area: A popular demand in Latin America for immediate reform which\nproduces instability, weakness and demagoguery; a great disparity in wealth\nand power between the United States and Latin America which, aided by old\nprejudices, keeps alive anti-Americanism and stimulates economic nationalismg\nand communism, which exploits both of these' conditions. These factors are\nrelated and inter-acting, and produce or aggravate subsidiary problems.\n16. Social progress has been slow. The great masses are very poor and\na few are very wealthy. A large middle class does not exist. Organized labor,\nwhere it exists, is often the mere instrument of a political group. An\nequitable sharing of the tax burden has not been accomplished. Interest rates\nand returns on capital investments are high and wages low. Inflation is common-\nplaçe. Those with capital show a persistent reluctance to invest in productive\nindustries.\n17. Similarly, political developments have not kept pace with the times.\nVenality on the part of public officials is common. There is a lack of trained\npublic servants capable of formulating sound government policies and of\nDECLASSIFIED\nefficiently\nO. 11652, Sec. 3(E) and S(D) or (E)\nDept. of State letter. 5-3-77\nBy NLT. He REARS sin SECURITY INFORMATION"
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