An Italian car of a country, Argentina looks great but just doesn’t work

Posted by CircuitGuy 3 years ago to Government
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"In the 19th century, history books questioned whether Argentina or the United States would emerge as the New World’s great power. Buoyed by vast European migration and fertile land that made it a global breadbasket, Argentina had more cars than France and was richer than Japan.

Jolted by the Great Depression, Argentina emerged from it relatively rapidly, only to run into a brick wall named Juan Perón."

"Perón’s pro-labor policies cultivated devout working-class followers but also laid the groundwork for the conversion of his party into an entity that would mirror a corrupt union."
SOURCE URL: https://www.washingtonpost.com/world/the_americas/an-italian-car-of-a-country-argentina-looks-great-but-just-doesnt-work/2018/12/26/bada7966-ec09-11e8-8b47-bd0975fd6199_story.html

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  • Posted by $ Abaco 3 years ago
    I once knew a pretty lady from Argentina. I understand it's a beautiful place.

    See the photo...is that Che? Good lord...
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    • Posted by 3 years ago
      "See the photo...is that Che? Good lord..."
      I know It's right under the headline that "Argentina does not work" and right above where it explains Argentina had a GDP similar to US in 1900 but their gov't ran the country like a corrupt labor union.
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  • Posted by freedomforall 3 years ago
    Bet the bailout of Argentina from US Fed is in the works - to benefit looting international corporations (buying Argentine assets for 5 cents on the dollar) and bribing Argentine politicians and looters. Then the US taxpayers will bail out the banks, just as we have repeatedly in the past. Those who ignore history are doomed to repeat it.
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