They also hate the Yanquis. The social upper classes and the political elites are distinct. The former generally are light complexioned, the latter much more varied. Those who control the armed forces or parts of them have the power, and power always leads to money. But the social elites, whether national or local, own the land.
Land is what counts.
Everywhere in Latin America the Spanish conquerors took vast expanses of land, and most of the land is still owned by the upper classes or parvenu local elites. In the Andean countries, the narcotics trade has allowed a lot of people, powerful and powerless, to get land. For the poor, growing coca provides enough income to avoid immigrating into the congested cities. For local political elites, drug money allows them to buy land, sometimes a lot of it. The booming economies of East Asia have shown that development can reduce poverty and create middle classes.