Couldn’t agree more and Argentina was the US of South America. They failed because they lacked the institutions and culture to support a dynamic market system. Their Catholicism with its inherent socialism and preference for the heavy hand of government handicapped them and has ruined their economy - still is ruining it.
Take a look at Chile. Why are they succeeding?
bump
The leftists who destroy economies with their policies never accept responsibility. They always want to blame “speculators”, “greed”, America or even joos.... for what they did themselves.
Argentina and Venezuela are following a similar path that so many others followed before them, such as Cuba and Zimbabwe