Author: Brian Osgood
Published on: 20/10/2026 | 00:00:00
AI Summary:
The top 1 percent in Peru captured 42 percent of all new wealth. Just 1.4 percent of new wealth from 2019 to 2025 went to the poorest 50 percent of the country’s population. More than 75 percent said wealthy corporations and individuals avoid paying their fair share of taxes. About 70 percent of respondents said they want the government to do more to reduce inequality. Political instability Peru’s rising inequality has been accompanied by a period of political turmoil. Part of the political upheaval has come from clashes between the presidency and Peru’s powerful Congress. In December 2022, Pedro Castillo announced that he would illegally dissolve Congress in response to repeated attempts to impeach him. His subsequent removal and arrest prompted widespread protests. Freedom House ranked Peru as “free” in 2022. "I think Peruvians are right to conclude that, generally, they are wielding outsized influence in defence of their own commercial interests or political power rather [than] in service of some kind of general welfare"
Original: 793 words
Summary: 165 words
Percent reduction: 79.19%