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Neither. The people in power in every country in the Americas are people who are from those countries and the descendants of immigrants. If the question intends to ask about whether in Latin American countries if Indigenous Americans or descendants of Spanish immigrants are the ones ruling the country, the answer is usually that Spanish immigrants or Non-Spanish immigrants are those who rule those countries, primarily because they are the majority and generally better educated. However, several political leaders, like President Evo Morales of Bolivia, are Indigenous Americans.

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