I left that morass in 1962 and never looked back.
The Peronists under Juan Peron is who started the mess in the first place.
The real reason for the collapse of Argentina has been it's socialized welfare system introduced by the Peronists in the late 1940's. No goverment military or democratic has had the balls to tear down the welfare state. Instead they borrowed from the international markets to make up the budget shortfall to maintain a welfare state they could not afford. Instead of investing capital in productive activities they squandered it on the welfare system. Now they have to pay the piper and all the people who have been sucking at the tit are now having to realized the tit has dried up.
Argentina will never amount to anything unless it gets rid of the productive people paying for the unproductive. The real shame is the country is an immensily rich country in natural resources saddled by a population that is brain dead.
Look carefully at Argentina because that is where the welfare state eventually leads.
Of course, of course- it just bugs me so much. Argentina had plenty of room to do the right thing in the past year and a half, but they continue to dig deeper and deeper. Sigh.