Argentina Continues The Descent
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  • regina malke schmiedeberg

    Excellent! Spot on – unfortunately for us Argentines!!

  • Kolya

    “Club Med needs to take a long hard look at Buenos Aires.”

    So does the United States.

  • Walter Sobchak

    One can only assume that Kirchner is now keeping her capital in Swiss Francs.

  • Snorri Godhi

    Greeks will learn to get their money out of the new drachma much faster than Argentinians have learned to get their money out of the peso.

  • Cunctator

    The thing about Argentina that is so revealing is that in 1912 both Canada nd Argentina were at about the same level of economic and political development. THen Argentina’s situation went “south” (sorry the pun) and it has never recovered. Much of the cause is undoubtedly the quality of the national leadership corps. And there is a lesson.

    The current president of Argentina is rather like, well, the president of a republic occupying the middle section of North America. And, again, like that president, she is big on rhetoric and not so good on competent governance. Puffed up statements on the Falklands and temper tantrums at international gatherings are used as a cover for a realistic policy: reminds one of the shadow boxing that is Washington’s substituite for an Iran policy, a Syria policy, a China policy, a Russia policy, a Pakistan policy, etc., etc, etc..

    Does this mean that the two countries are alike in other ways also. Well, yes, they are — sadly. The republic to the north is having a presidential election later this year. Unless it rids itself of the incompetent socialist it elected four years ago it will soon find out that really bad leadership can saddle a country with problems that take decades to address.

  • GP

    Perhaps if they made good on their outstanding debt, things wouldn’t be so terrible!

  • Jacksonian Libertarian

    “Objectively, there is no reason why Argentina shouldn’t be one of the world’s most progressive and rich countries.”

    I thought they were progressive, at least in the American sense of the term as a bunch of leftists. I believe that a people get the government they deserve, and the Argentineans have been voting for these big government types, for that matter so have the Europeans. Only in the US do you see a TEA Party movement that seeks to limit the size of the government, and thereby reduce the burden of government on the economy so the nation can thrive.

  • SexCpotatoes

    Instead of mentioning Iceland’s rejection of their corrupt banking system and the country’s willingness to recreate their society with a new constitution and monetary system with more focus on FAIRNESS for ordinary people.

    Saying [profanity removed] to all the people that got the country into the mess instead of buying into the lies that they have to pay back the astronomical sums they owe at absolutely predatory rates.

    Nobody ever mentions Iceland. Wouldn’t want the proles to get any ideas.

  • cubanbob

    Argentina’s President did something so amazing today that it made the world news: she announced that she’s converting her last dollar bank account into pesos.

    She didn’t specify if she also included her Swiss bank accounts. Argentina’s real problem is that they can’t accept the notion that they are a Latin American nation with a Latin American economy. They think themselves to be Europeans who just happen to be in South America.

    SexCpotatoes says: by the way Sparky Iceland like Ireland created its own problems and are suffering for it. Iceland isn’t exactly booming now either.

  • Lars Olsen

    Make me your benevolant dictator. Tomorrow – the world.

  • horace manoor

    The Tea Party is a fraud — its members are the biggest spenders on pork in Congress

    Rep. Ryan is a faker — his budget allocates far more money to certain departments than what those departments themselves requested

    The USA is going down the drain because Americans believe in partisan politics, which is only a charade aimed at distracting Americans from the truth — politicians of all stripes are sociopaths bent on ripping off the citizenry

  • phwest

    Do remember the population of Iceland (just over 300,000 people) would rank it around 135th amoung US metro areas in population (comparable to Lubbock), and is ethnically homogeneous. What may or may not be possible there has little relevance to more than a handful of other countries.

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