Thinking about a Scenario, I wondered if the European settlers could assimilate the Natives in the whole Latin America and end it up with a majority of European descent with part Native descent in everyone, somewhat like Chile. You could have the European settlers and colonial empires initially coming and treating the Natives as equals and join them in their colonies as more European settlers keep arriving.
The end result would be a mostly European descended population with a part Native ancestry in everyone. Could this be plausible and what would be the effects, in your opinion?
Chile is the microcosm of what I'm talking about. Everyone has some Native ancestry and mostly European.