The Real Reason America Became Richer Than Latin America

In 1700, Mexico and the British colonies that would become the United States had almost identical per-capita incomes. Barbados was 50% richer than the mainland colonies. Cuba sat at 167%. Haiti was arguably the wealthiest society on earth per person on the eve of its 1791 revolution. So how did the Americas flip so dramatically? Why does the United States today pull in roughly $84,500 per capita while Latin America and the Caribbean averages under $9,000? This video unpacks the real reason America became richer than Latin America, and the answer is far more interesting than the lazy explanations you usually hear.