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Argentina, Chile and Uruguay are the only places I'd consider living in.. no arrogant assumptions here just based on research and a deep interest in the world!
Venezuela is horribly underrated, since the US Media and Government have added them to the Axis of Evil list merely because they freely elected a president who chose to market their oil without giving big US corporations a cut, and using the benefits to raise the standards of their own poor instead of rich American shareholders.
Colombia is very underrated. Colombia is by far the most "South American" of all South American countries, rather than trying to copy attributes of other great world powers. Colombia has successfully eliminated drug-gang influence, and is now as safe as any other SA country. Probably more accurate to say the drug gangs have self-destructed, as they are now doing quite rapidly in Mexico as well.
Brazil is overrated. It is a geographically divided country, where the south is nearly first-world, but still with horrible urban problems, and the north is still third world. I fear something terrible is going to happen down there, with deepening class divisions.
Argentina is totally underrated, seeing is the SA country with most variety in landscapes and weather.
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