Why is Patagonia so underpopulated?

Patagonia has wonderful summers and tolerable winters, amazing fresh water resources, lots of green, plenty of land, and it is just…gorgeous.  So why does hardly anyone live there?

Governance there is hardly perfect, but Chile and Argentina are hardly the worst governed countries on this planet.

Maybe you look at the above picture and are tempted to shriek “Not enough rice!” But for how long can that remain a binding constraint?

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