[DB]

Socialism and corruption make it happen. You take from the productive at gunpoint and give it to the nonproductive for votes. Add a little corruption as a catalyst and presto, you get Argentina…

[tictoc]

Socialism and corruption make it happen. You take from the productive at gunpoint and give it to the nonproductive for votes.

DB, you'll get no argument from me there.

But that can't be the only explanation for the catastrophic collapse that Argentina is undergoing. What about their neighbor Brazil, for example? They seem to be doing a lot better. I remember reading an editorial in the Wall Street Journal that said Argentina's mistake was that it stuck too long with the policies prescribed to it by the IMF.

[marktwain]

This is mostly about people believing you can get something for nothing. Argentina has lived beyond its means for decades. They borrowed money to buy votes. Eventually the debt came due.

It appears that this is the classic case of a democracy...the people finding that they have the power to vote themselves largess, only in this case, despite extremely high taxes and restrictive work rules, the problem was exacerbted by borrowing 140 billion dollars that you refuse to repay.

Now, because of the stupid socialist indoctrination, they are willing to blame anyone but themselves, and they have their hand out, not only whining for more, but claiming a moral imperative not to pay what they owe.

[lucysmom]

"Socialism and corruption make it happen."

Actually its more like privatization and corruption.