Scandals and a central government out of control? Too many
regulations and a detached president? An economy that won't get going? Crony
capitalism? Credit downgrade?
Yes, welcome to Argentina!
Jaime Daremblum is one of my favorite US-Latin America
analysts. This
is how he describes the happenings in Buenos Aires:
"Back in September, Argentines held massive
nationwide rallies to protest the autocratic abuses, economic failures, and
rampant corruption of President Cristina Kirchner. Two months later, they held
even
bigger demonstrations. And on April 18, they held their largest protests
yet, with roughly two
million people marching in cities and towns across the country, including more
than one million in Buenos Aires alone.
“I took to the street because we live in a democracy that runs the risk of
transforming into authoritarianism,” one Argentine university student told
Reuters. “This government doesn’t want to listen. Every day, we become more like
hostages, and somehow we have to make this known.”" (Via
Fausta)
Some Americans may say: what's the big deal? who cares about what happens at the southern tip of the Americas? Why should Americans care about what The Economist calls "the gaucho blues"?
It matters because Argentina has the 3rd largest GDP in Latin America only behind Brazil and Mexico.
It would be a problem if there is a debt default or another president decides to distract the public by invading the Falklands or another round of inflation!
Yes, there is a sound coming from Argentina and it's not tango!
Some Americans may say: what's the big deal? who cares about what happens at the southern tip of the Americas? Why should Americans care about what The Economist calls "the gaucho blues"?
It matters because Argentina has the 3rd largest GDP in Latin America only behind Brazil and Mexico.
It would be a problem if there is a debt default or another president decides to distract the public by invading the Falklands or another round of inflation!
Yes, there is a sound coming from Argentina and it's not tango!
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