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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
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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
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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.")
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To: Kartographer

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


3 posted on 02/16/2014 4:56:36 PM PST by NYTexan
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To: Kartographer

Argentina has bountiful resources and a politically simplistic population.


4 posted on 02/16/2014 5:11:07 PM PST by allendale
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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.")
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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.)
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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.")
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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
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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
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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)
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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!)
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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!)
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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
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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
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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
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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)
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To: M Kehoe

Sadly it’s what they asked for.


17 posted on 02/16/2014 7:25:07 PM PST by posterchild
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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)
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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
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To: jocon307

Ay-Zee-Ans


20 posted on 02/16/2014 7:40:16 PM PST by GeronL (Vote for Conservatives not for Republicans!)
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