Once Argentina defaults I’d be willing to bet that the Kirchner regime will try to invade the Falklands again in order to secure the oil and gas wealth of those islands. And, of course, to distract the Argentine street from the fact that their government screwed up. Again.
In short, Argentina, like the US, is blessed with every resource. But, it is also cursed with government-sponsored class envy of the most malignant sort. That's what, IMNVHO, turned Argentina from one of the planet's most successful nations into the welfare mess it is today. Peronismo. It used class envy to invent a total Welfare State as its path to everlasting power.
When even that grew stale, massive illegal immigration from Bolivia, Peru, Ecuador, and even the Middle East (!) and other Third World hellholes was encouraged to cheapen the vote and increase the welfare budget. Cross the border tonight ...go on Argentine welfare tomorrow morning ... vote for your benefactors in the afternoon.
Cross the Andes into Chile, and see quite a difference in the country General Pinochet saved from becoming a Communist Satellite. But even there, prosperity is being attacked by classic left-wing policies.
Don't cluck and shake your head. We are next. Our successive governments since 1965 have overseen our transformation form a successful nation into more and more of a government welfare state. Our immigration policies have made us into what must shortly become this hemisphere's northernmost Latin American countries.
USA? Nah. Argentina North. And very soon.