But socialism is awesome. The people who say they are smarter than me said so.
The rhetoric of these Argentina stories is disgusting.
I thought they basically declared bankruptcy and reorganized. This was fought in a US court? Why not in an Argentine court? Why do they need to comply with a court ruling in another country? (Unless the bonds were sold on that basis?)
“Over 10 years have gone by but nothing makes us suppose our political class have learned anything from what happened. Their arrogance and our classical apathy create a lethal combination for it to repeat itself all over again.”
Yep, & sooner or later we will suffer the same for the same reasons.
so, if country One bails out country Two, when it comes time to pay, country One is a ‘vulture’ ? But if country One refuses to bail out country Two, then country One is ‘greedy and inhumane’. Decisions, decisions...
A friend’s daughter, who grew up in a conservative Southern environment and was a quiet, respectful conservative herself, went to graduate school at an elite Ivy League school. While there, she married a native Argentinian. She is now a rabid leftist and some of her family members can’t believe some of the garbage she spews. She believes socialism works well in most places, but having all the answers herself, she forecloses the opportunity for anyone to rebut her point of view. You would think she and her husband would learn something from his home country’s travails. It really hurt me when this girl swallowed the manure pile whole.
In the world in which The Guardian reporters live, people trying to be repaid loans that they made are “vultures.”
“apparently cyclical economic crises”
It’s like a train coming down the tracks. There’s nothing we can do, and it’s going to happen over and over again!
“We never trusted our savings to a bank account again,” says Ochoa. “Over 10 years have gone by but nothing makes us suppose our political class have learned anything from what happened. Their arrogance and our classical apathy create a lethal combination for it to repeat itself all over again.”
Yes, it’s their arrogance and our apathy that cause this. It has nothing to do with the unbelievably stupid economic policies that turned this rich nation into a basketcase.
Time for a Falklands/Malvinas crisis to divert attention.