Argentina: The Bloom Is Off The Rose
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  • WigWag

    The inflation adjusted per capita GDP of Argentina is approximately 40 percent greater than the per capita GDP of Brazil. With all it’s flaws, Argentina is a significantly wealthier nation than Brazil.

    Both countries have leftist governments and both have challenges. But Professor Mead’s thesis that the countries are moving in opposite directions with Brazil having far better prospects does not seem to be entirely supported by the facts.

    With a per capita GDP that’s 40 percent smaller, how long will it take for Brazil to catch up with Argentina?

    In which country are the slums more squalid? Which country has a history of men of questionable backgrounds murdering children who are so impoverished that they live on the streets?

  • Gringo

    But that time is not yet; Argentina has not yet chosen to grow.

    Correct. Argentina has instead chosen the Peronista path, a path that among other things, jails economists for publishing inflation figures. It is no accident that a defunct Peronista magazine was called “El Caudillo,” for Juan Domingo. Autocrats know best, say the Argentines.

    The Argentines freely elected Evita III. They got what they deserved.

  • Maradona e uma Bicha

    @ Wig-Wag: Which country sent its soldiers to fight with the Allies against the Nazis? Which country was run by a Nazi-phile punta?

    And, speaking of “history of men of questionable backgrounds murdering children,” that sounds so much like very recent Argentina: Dirty War, criminal military incompetence on the “Malvinas”…

    Burn, baby, burn…

  • WigWag

    There is little question that under Lula and now under Dilma Rousseff Brazil has created it’s own version what Professor Mead calls the “blue social model”. It is perplexing why Professor Mead believes that Brazil can join the ranks of the world’s economic powerhouses despite it’s “blue” orientation while at the same time he believes that the “blue social model” cannot be maintained in the United States and Western Europe.

    The idea that a nation with a per capita GDP less than a third of America’s can become rich while being “blue” while the United States can’t maintain its standard of living unless it abandons it’s “blue” ways, simply makes no sense.

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