Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The parable of Argentina
Economist ^ | 2/15/14

Posted on 02/16/2014 4:50:38 PM PST by Kartographer

Why dwell on a single national tragedy? When people consider the worst that could happen to their country, they think of totalitarianism. Given communism’s failure, that fate no longer seems likely. If Indonesia were to boil over, its citizens would hardly turn to North Korea as a model; the governments in Madrid or Athens are not citing Lenin as the answer to their euro travails. The real danger is inadvertently becoming the Argentina of the 21st century. Slipping casually into steady decline would not be hard. Extremism is not a necessary ingredient, at least not much of it: weak institutions, nativist politicians, lazy dependence on a few assets and a persistent refusal to confront reality will do the trick.

(Excerpt) Read more at economist.com ...


TOPICS: Business/Economy; Foreign Affairs; Government
KEYWORDS: argentina; communism; debt
As Daniel wrote in his blog today even a revolution cannot necessarily save a bankrupted country.

http://www.freerepublic.com/focus/f-bloggers/3123700/posts

1 posted on 02/16/2014 4:50:39 PM PST by Kartographer
[ Post Reply | Private Reply | View Replies]

To: appalachian_dweller; OldPossum; DuncanWaring; VirginiaMom; CodeToad; goosie; kalee; ...

Preppers’ PING!!


2 posted on 02/16/2014 4:51:29 PM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

Stash yer cash...electronic money evaporates when the SHTF!


3 posted on 02/16/2014 4:56:36 PM PST by NYTexan
[ Post Reply | Private Reply | To 2 | View Replies]

To: Kartographer

Argentina has bountiful resources and a politically simplistic population.


4 posted on 02/16/2014 5:11:07 PM PST by allendale
[ Post Reply | Private Reply | To 1 | View Replies]

To: allendale
"Argentina has bountiful resources and a politically simplistic population."

Argentina isn't the only country that your description fits.
5 posted on 02/16/2014 5:17:09 PM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
[ Post Reply | Private Reply | To 4 | View Replies]

To: Kartographer

Amazing how American media has been silent.


6 posted on 02/16/2014 5:30:24 PM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: allendale

And I can testify that even on their worst day they remain simplistic.


7 posted on 02/16/2014 5:38:44 PM PST by The Duke ("Forgiveness is between them and God, it's my job to arrange the meeting.")
[ Post Reply | Private Reply | To 4 | View Replies]

To: Kartographer

The Economist ignores the question of misleadership...or should we call it malleadership...or just plain popularism. Is the US on the road to Peronism?


8 posted on 02/16/2014 5:40:58 PM PST by RossA
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

No question the US has a near majority of low information voters, but they are just pervasively stupid and vapid in Argentina.


9 posted on 02/16/2014 5:45:35 PM PST by allendale
[ Post Reply | Private Reply | To 5 | View Replies]

To: Kartographer

“A persistent refusal to confront reality”

Sounds like our problem to the hilt. It cannot be allowed to happen, as it almost invariably shows Leftist ideas to be terrible. So a Big Lie like “we didn’t do enough Stimulus” is fed to the sheeple, and after a time, many believe it.

This won’t end well . . .


10 posted on 02/16/2014 5:50:19 PM PST by FreedomPoster (Islam delenda est)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

Well at least they can fill the soccer stadiums with enthusiastic fans .... abet starving, jobless, etc. but fans none the less.


11 posted on 02/16/2014 5:53:21 PM PST by RetiredTexasVet (Anything regarding this administration ..... remember I told you so first!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

“a bankrupted country”...

So just how is Soros involved there?


12 posted on 02/16/2014 5:55:33 PM PST by Spitzensparkin1 (Arrest and deport all illegal aliens. Americans demand those jobs back! Hoorah, Arizona!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

The real danger is not following the ideology of Marx, but of Keynes.


13 posted on 02/16/2014 6:24:23 PM PST by PGR88
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer
Pray for the people of Venezuela. Their government is killing them.

5.56mm

14 posted on 02/16/2014 6:26:08 PM PST by M Kehoe
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

This is of course anecdotal but there is an amazing difference between the way the average citizen of Chile conducts him/her self and the way the average citizen of Argentina conducts him/her self. The former more often than not understands the basic tenets and merits of capitalism. Do your own experiment.


15 posted on 02/16/2014 6:37:58 PM PST by posterchild
[ Post Reply | Private Reply | To 1 | View Replies]

To: RossA

The Progressives are calling it ‘Democratic Economic Populism’.


16 posted on 02/16/2014 7:08:48 PM PST by griswold3 (Post-Christian America is living on borrowed moral heritage)
[ Post Reply | Private Reply | To 8 | View Replies]

To: M Kehoe

Sadly it’s what they asked for.


17 posted on 02/16/2014 7:25:07 PM PST by posterchild
[ Post Reply | Private Reply | To 14 | View Replies]

To: driftdiver

I think that since this decline has been ongoing for 10+ years (since Argentina defaulted on its debt), the American media figures the average voter doesn’t have the attention span for any explanation of the situation.


18 posted on 02/16/2014 7:31:24 PM PST by griswold3 (Post-Christian America is living on borrowed moral heritage)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Kartographer

“The Argentines remain perhaps the best-looking people on the planet.”

I will read the whole piece later, but I had to comment on this, which seems to me profoundly false. I’ve only known a couple of people from Argentine, and they were just OK looking. Are there even any famous actors or actresses from there?

I find many types of people attractive, but for Latin Americans nobody beats the Cubans for looks, imho.


19 posted on 02/16/2014 7:37:20 PM PST by jocon307
[ Post Reply | Private Reply | To 1 | View Replies]

To: jocon307

Ay-Zee-Ans


20 posted on 02/16/2014 7:40:16 PM PST by GeronL (Vote for Conservatives not for Republicans!)
[ Post Reply | Private Reply | To 19 | View Replies]

To: driftdiver

On Argentina, Venezuela and what happened in Bosnia a week or so ago.

*crickets*

http://en.wikipedia.org/wiki/2014_unrest_in_Bosnia_and_Herzegovina


21 posted on 02/16/2014 7:44:40 PM PST by GeronL (Vote for Conservatives not for Republicans!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Kartographer

The resources of Argentina should be owned by people in Argentina, and they should be free to produce from those resources. The same goes for the U.S.A. But that’s not the case.


22 posted on 02/16/2014 8:02:26 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jocon307

Gracias! Is your estimation based on us exiles or have you been to Cuba?
I like to tell people that we Cubans are like “the Jews of the Caribbean”. Well educated, ambitious, religious and, deprived of our homeland we thrive wherever we escape to.
Well, that is at least those of us who remember what Castro really is.


23 posted on 02/17/2014 1:50:42 AM PST by outofsalt (If history teaches us anything it's that history rarely teaches us anything.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: PGR88
The real danger is not following the ideology of Marx, but of Keynes.

50+ years ago I was taught Keynesian economic theory. It sounded very logical but I can recall telling the professor that it was flawed in real life, for one simple reason! All governments seek to keep their "subjects" from overthrowing them (either through elections or revolutions) thus, they ALWAYS spend more than they have.

Keynes had a simple adaptation of the Biblical admonition of storing provisions during the "7 years of plenty" to tide one over during the "7 lean years". Governments NEVER do this, they only adhere to Keynesian spending, NEVER saving.

Human nature being what it is, Keynes' theories do not work in the long run (but then he is often quoted as quipping that, "in the long run we are all dead!"

24 posted on 02/17/2014 4:31:02 AM PST by ExSES (the "bottom-line")
[ Post Reply | Private Reply | To 13 | View Replies]

To: outofsalt

LOL, you are very welcome.

I’ve never been to Cuba, but someday maybe I’ll be able to go there. I think Cuba will come roaring back at some point. To borrow a phrase from Oprah Winfrey it’s not going to be until some people die that that happens.


25 posted on 02/17/2014 5:40:04 AM PST by jocon307
[ Post Reply | Private Reply | To 23 | View Replies]

To: griswold3

I think you’re an optimist.

They are ignoring Argentina and Venezuela because they are giving cover to the socialists.


26 posted on 02/17/2014 6:42:46 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: jocon307

Haven’t been to Cuba but I’ve been to East Germany before and after. They’ve culled the herd from those who have the entrepreneurial spirit and degraded any work ethic, it seems to me. (Looks like that’s happening here too.) I wonder how other countries that have also done this would come ‘roaring back’?


27 posted on 02/17/2014 7:33:41 AM PST by griswold3 (Post-Christian America is living on borrowed moral heritage)
[ Post Reply | Private Reply | To 25 | View Replies]

To: griswold3

“I wonder how other countries that have also done this would come ‘roaring back’?”

In the case of Cuba I’m thinking of American investment. And my impression is that East Germany is greatly improved since commie days.

But, you know, we could all just be doomed, I’m willing to believe that too. The re-election of Obama may prove to be one of the worst things that ever happened to this nation, and the world, for that matter.


28 posted on 02/17/2014 8:03:30 AM PST by jocon307
[ Post Reply | Private Reply | To 27 | View Replies]

To: jocon307

I dunno. Colombian women are just smoking hot.


29 posted on 02/18/2014 4:25:27 AM PST by AK_47_7.62x39 (There are many moderate Muslims, but there is no such thing as a moderate Islam. -- Geert Wilders)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Kartographer

-——Mercosur——

Now there’s a blast from the past. I thought Mercosur was dead and gone a long time ago.

Meanwhile, in the Gulf, the Mercosur inspired Gulf Cooperation Council is thriving on the internal trade resulting from dropping rivalries and tariffs.


30 posted on 02/18/2014 4:36:29 AM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson