Why Argentina is not rich

[@CaspianReport]

Invest in blue-chip art for the very first time by signing up for Masterworks: masterworks.art/caspian Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. How Masterworks works: -Create your account with crypto wallet or traditional bank account -Pick major works of art to invest in or our new blue-chip art fund -Identify investment amount, there is no minimum investment -Hold shares in works by Picasso or trade them in our secondary marketplace See important Masterworks disclosures: mw-art.co/37WwvbD.

[@TT-jg8ju]

Thanks for vid. Pls do update and predictions on afghan

[@valhalla9688]

It’s a scam

[@ai_product_manager]

masterworks sounds like a scam, what research have you done before accepting their sponsorship?

[@avanipadhye4401]

Bol

[@chronikhiles]

It's a shame Shirvan has sold out his audience. It's pretty sad to probably belong to the last generation that has seen altruistic KZbinrs create videos for fun and education.

[@dm9078]

The economist Simon Kusnetz said there are four types of economies: developed, developing, Japan- nobody knows why it grows and Argentina- nobody knows why it doesn’t.

[@512TheWolf512]

Japanese society is an extremely high trust society. there's no secret.

[@faiq026]

@@512TheWolf512 japan is US's vassal state, there's no magic in that. If US master want to slow down japan's economy japan indeed will slow down, just like how US did it with plaza accord

[@alainarchambault2331]

@@512TheWolf512 Well, unlike Argentina, Japan industrialized like nobody's business. It can be seen in its major population centres, while the rural countryside is aging out and becoming relatively deserted.

[@friedbanana69]

Resource curse

[@sebholding]

japan shifted to free market capitalism after WW2 (just like the other so called "asian tigers"), there's no secret

[@don-the-player]

"Its easier for one to mourn their lost potential than to accept they never had it in the first place" what a great quote

[@Beresunablle]

I dont think great is the right world more like brutal

[@hooligan2588]

Applies to certain african communities, doesn't it...

[@don-the-player]

@@Beresunablle very true

[@vlncentchi2002]

@@hooligan2588 applies to European communities too ……

[@andreww.8262]

@@vlncentchi2002 salty

[@nunyabiznes33]

As a Filipino, I would have killed for Argentina's geography LOL. I wish things get better for them (for all of us, really).

[@jevinliu4658]

Your geography would be better for economic growth, though. It lies between multiple trade routes, whereas Argentina lies on the world's periphery.

[@nunyabiznes33]

@@jevinliu4658 having to rebuild everything every year is expensive

[@enthusiastofcute]

@@jevinliu4658 it’s a blessing and a curse, our geography also places us squarely in the pacific ring of fire. It also makes us something of a pit stop for typhoons

[@softlofi6666]

I am a Filipino and I am a victim of Argentina's racist policies.

[@saucyballs702]

As a Bangladeshi, I feel the same.

[@Wasserkaktus]

My great grandfather was from Bavaria. He had finished service as an engineer in WWI when he received an invitation to visit Argentina from a family who had moved there from his town presumably before the War. He apparently loved Argentina so much, given its environment, wealth and culture, that he was absolutely going to stay there for good and live the rest of his life there, until he received a job offer in Silesia which was too good to ignore. It's shocking how different we perceive Argentina now compared to 100 years ago: 100 years ago, it was considered to be the BEST country on Earth to immigrate to, due to the immense projected opportunity it had.

[@marianomenendez9987]

My polish great grandfather had to choose which country to emigrate to, either Canada or Argentina. Both options were considered equally advantageous so he rolled the dice and chose Argentina. Today it feels insane to think that, but back then it wasnt quite the easy choice it is now... this country was completely different

[@JuanPablo-vw7ko]

Well, it wasn't that good at tha time. The country was indeed profundly unqueal bit still with a lot of opportunities... My father came to this beautiful land from Hungary in the 50's and I always remeber that he used to saiy he had to pick beteween Argentina, Canada and Australia......

[@marianomenendez9987]

@@patricksweeney5308 i mean, i agree that most modern western countries are going downhill fast, and Canada is no exception. However, i kinda like the cold weather lol, and the idea of going off to live in the woods and away from people without the govt persecuting you. And regarding the replacement rate, i cant help but wonder if it still is that way, considering the fact that we have, in fact, imported millions of people from neighboring countries in the recent years. I fear that among argentines, the replacement rate may be the same as it is in every other western country, only that it isnt being picked up correctly by statistics.

[@garlandstrife]

*The best after the US and Canada, but yeah.

[@Hyperventilacion]

@@patricksweeney5308 How fast this conversation turned into racist fearmongering, lol gtfo

[@RaulGarcia-ps9ri]

As an Argentinian I have to say that this was a surprisingly good summary of my country's history and troubles. Great work.

[@Alex_1400]

Blame mass mestizo immigration that your political class did nothing to limit

[@ramonandrajo6348]

Why isn't Argentina rich? Because the right and the extreme right, which is made up of the oligarchy, the big businessmen and the big banks in complicity with the USA; that's the reason.

[@jjj8317]

@@ramonandrajo6348 not at all peroncho.

[@imprincesswolfy2565]

Cuantas copas tenés?

[@ramonandrajo6348]

@@jjj8317 Nice try, Liberal. XD

[@inferno0020]

"Ultimately it is easier for one to mourn their lost potential than to accept they never had it in the first place". Brutally honest statement. To be honest the same statement can apply to Egypt too.

[@arielquelme]

The only thing is stupid for Egypt is the 2011 mass demonztration and morsi temporary rule If only no stupid failed revolution, thetr will be no crisis like today

[@arceus7085]

I'm English and currently living in Argentina. Despite its woes, I really love this country. The Argentinian people are amazing and they definitely deserve better

[@agustin2812]

Islas malvinas argentinas 🇦🇷✊

[@D_Marrenalv]

@@agustin2812 Don't you mean "the Falkland Islands"?

[@arceus7085]

@@agustin2812 eso es lo que digo acá 🇦🇷

[@cosmoray9750]

As in England same in Argentina. It is the Central Banks. Pay off the politicians to do central bankers bidding's. Put the country in debt and control it..

[@jmdh8294]

@@agustin2812 if so, then Argentina belongs to the indigenous peoples - not you, the European colonisers!

[@robest334]

So argentina has estancieros. Here in the philippines, we have hacienderos. Same thing. Wealthy families owning large plot of lands for cultivation. The difference is, there was a great push on agrarian reform here so some haciendas were somewhat split up.

[@MSNL123]

In Brazil we have the same thing, with half a dozen different names, none as catchy or catch all as estanciero or haciendero.

[@Repz98]

I'm Norwegian, and been to Philippines over 130 days total with my Filipina girlfriend the last 5 years. And my friend is from Argentina. Philippines is better off then Argentina. In Argentina, there is a lots of extra cost to buying phones, tvs, computer, graphic card, cpu, whatever. while in Philippines those things are low price and easier affordable then in Argentina. plus, that argentina salaries goes up and down lots in a year. suddently you earn half of what you earned the 90 days before. which cause people landing in debt traps becuase their very well planned private economy are being thrown off by inflations roller coaster.

[@econman5670]

@@Repz98 Thanks for the information. Is that the reason why your Argentinan friend moved to the Philippines?

[@tomasvillagran4581]

One thing that happened in the south American region, is that almost every country had had an agrarian reform, but not Argentina due to "lobbying" and pressure from the agrarian oligarchy.

[@ChrisJohannsen]

Most of the western world just has giant corporations controlling all the farmland. Legacy families just get in the way of profit.

[@robahas]

To summarize: Argentina was run by powerful farmers during the late 19th century to the early 20th century. To keep in power, they influenced the country away from industrialization, preferring to serve as a vassal state to Great Britain, thus putting their own self-interest above the interests of the country. Great Britain was happy to cooperate. Because of this, Argentina missed out on a century or so of industrial and technological development. Now it is forever playing catchup with the industrialized northern nations. But you didn't mention corruption, which is epic in Argentina. And given the estanciero's track record, this might be a consistent historical problem: a habit of leadership where the leaders consistently put their own self-interest above the interest of the nation as a whole. I lived there 1972-1982 and I love the culture.

[@patricknorton5788]

Interesting, but I think the beginning of your startement basically implied the centrality of corruption in the system in Argentina, as was described by the narrator in other words.

[@charles2521]

There is corruption in rich countries too. But contrary to popular thought, corruption is a moral rather than an economic problem, it does not prevent the country from growing.

[@vezax8505]

You cannot “influence” industrialization away. We never were competitive to sell stuff outside and even when selling to internal consumers you’d need some kind of advantage and not even then business were viable. The whole theory about the land distribution is also flawed, Australia managed to keep growing with an economic matrix very close to Argentina. So far, 50% of this video is pure bullshit.

[@jcoker423]

Ah yes, blame the Brits.... not the locals. The 13 states of the USA after independence had tariffs, because they knew their fledgling industries could not compete with Europe. After they developed their industries they reduced their tariffs.

[@vezax8505]

@@jcoker423 Brits are not to blame like this people wanna portray. You don't wanna force industralization ever, even less like Argentina tried to do. Tariffs are kind of a shitty way to ''develop'' your economy internally.

[@facundomouly9446]

Finally someone that doesn't idealize the early 1900's in Argentina. That whole "we could have been a world power" bullshit that we always repeat, was never going to be. Excellent video, and inflation will reach 100% by the end of the year for sure.

[@losclaveles]

Why do you suppose it would have never been? Because Argentina was already saddled with a Spanish legal system, and entrenched elite land owners?

[@facundomouly9446]

@@losclaveles Yes and because posterior european colonial interest (UK and US) never wanted it to happen. The international division of labour always has put Argentina as a solely agrarian export focused country.

[@leonardoalvarenga7572]

Che che mate dulce de leche che boludo che

[@losclaveles]

@@facundomouly9446 But Argentina's South American neighbors need/needed refined and processed goods. Why didn't some of the entrenched elite rich in raw materials not pivot to doing some post harvest processing on site? Granted beef doesn't provide much value added possibilities (and Argentina is already renowned for its leather goods), but ore, timber, etc? Why didn't Argentina rise to become the predominant power in South America, when it was very capable of becoming so? Why didn't their rich choose to get richer? Why didn't the Industrial Revolution noveau rich do it in spite of the entrenched land holding elite? So they were forced to sell cheap beef to Britain, why didn't they also make furniture/cement/radios/etc, for the South American market?

[@facundomouly9446]

@@leonardoalvarenga7572 Sabelo papá, y bokitaaa

[@rolthox]

"It's easier to mourn ones lost potential than to accept you never had it on the first place" I feel personally attacked

[@connectkarim]

🤣 NGL that phrase strikes hard

[@gianb3952]

Nos dio con un palo diciendo nada más que la verdad

[@ArawnOfAnnwn]

Tbh I feel that quote is unnecessarily dismissive in this case. Argentina had potential, just not the kind of potential that free market ideologues love to suggest based on its early GDP per capita figures. It wasn't a developed country at the turn of the century like they like to pretend, but it was still developing - like most other nations. They didn't develop backwards, but they failed to go forwards too.

[@carstarsarstenstesenn]

@@ArawnOfAnnwn It's mostly about the Argentinian idea that the country could have been a global superpower. It's not that Argentina doesn't have potential to become a more developed nation, it's the idea that it would become an imperial power

[@ArawnOfAnnwn]

@@carstarsarstenstesenn I'd have thought that the War of the Triple Alliance would've soured the whole continent on the idea of becoming an imperial power. Wars cost a lot of lives.

[@Jabberstax]

Argentina is such a beautiful country. It's a shame the system governance and the economy isn't better managed.

[@joaquimb.369]

It's good to see Latin America receiving more attention from such a well crafted channel

[@jjj8317]

The video is quite bias and it is wayyyy to lenient to Peron. What is the point to be represented in a channel if they white wash the whole history with a left leaning bias. Man literally sees the economic development until Peron and disregards it as nothing more than big oligarchs and the damnn British stealing everything. The agricultural sector literally has saved Argentina time and time again after Peronist sink the economy catastrophically

[@G8tr1522]

South America is truly the red headed stepchild of the world. Totally ignored, and with no major consequences it seems 🤣

[@FranceGaulGallia]

Commies keep getting ignored 😆

[@gouthamsudheer2080]

@@FranceGaulGallia Commies of an Particular East-Asian Country is an Mighty Super-Power Today

[@mohandasjung]

@@G8tr1522 and everytime they look at us is with lust for our "natura resources"

[@krlost4405]

They suffered the same fate as all latinamerican countries: land ownership. Most of the rich and politically connected elites in Latam are not because of innovation but land ownership. In my country, you can foresee where the country development investment will go depending on where is the farmland and businesses of the elite. A road will not be built unless it benefit someone from the government and its friends. They try to portray it as a "right vs left" issue to avoid the real problem. The eternal cycle of right, left, right, left keeps repeating, but the elite keeps surviving since they control the resources and where it will be allocated.

[@HC-wo2tz]

Well said

[@luanlopes9415]

Your mentality is what caused Poverty in LatAm

[@krlost4405]

@@luanlopes9415 No, imbécil. Negar la realidad es lo que ha causado el retraso. Bien es sabido que unos cuantos apellidos controlan los medios de producción a través de favores políticos. Te doy un ejemplo sencilllo. Soy de Panamá. Cuando ves cómo contruyeron las calles principales de la Ciudad de Panamá, es porque beneficiaban a las fincas de los políticos de antaño. Hoy en día esta práctica se mantiene. Una calle de acceso sólo se hace porque beneficia a tal o cual persona mientras que otras vías se descuidan porque solo vive el resto se la población. Así que me parece una total idiotez que quieras venir a comentar sin ningún argumento, imbécil. Los proyectos en vez de licitarse al mejor postor, ya tienen nombre y apellido. Otro ejemplo, la Ley para autorizar el cultivo de marihuana medicinal en Panamá: sólo pueden participar unas cuantas compañías y cuando buscas la junta directiva de esas compañías, son solo cercanos al gobierno que pasó la ley. Encima, ya habían preparado la tierra para el cultivo incluso ANTES de aprobarse la Ley. Y tú me vas a decir que es mi mentalidad? No, pedazo de imbécil. Si no quieres ver algo tan sencillo, es porque o eres idiota o te sentiste aludido con una realidad que vive Latino América y que bien lo explican en el vídeo. No puede haber innovación en un lugar donde sólo se beneficia a los políticamente conectados y donde hay conflicto de intereses entre lo que le conviene al país y lo que le conviene a tal o cual familia.

[@HC-wo2tz]

@@luanlopes9415 Elaborate.

[@krlost4405]

@@HC-wo2tz He is a pathetic brazilian religious wannabe footballer. Don't expect a lot of argument and ellaboration.

[@nickstevens3139]

As an Australian I’m fascinated by the decline of Argentina. Australia and Argentina have many things in common, this doco explains why there is a big gap between them.

[@vicentediaztrepat2585]

We argentintinians actually made a pact (pacto roca-runciman) with England so they trade with us instead of Australia, and more specifically the commonwealth

[@JonasPrudas]

I am from a neutral place in the world, so I do not have any personal gain from this. I am just interest in these issues. I wonder if Argentina is the ghost that creeps over the minds of any Australian, New Zealander or South African. Australia is also an exporter of commodities, whose gains per person become low if the population of Australia increases to Argentine levels. Therefore it is vital for Australia to keep a very tight immigration control. There is no room for more people if the revenue comes only from mining, wheat and wine, plus some docs about wild life on TV. 120 years ago, Argentina was sparsely populated. The profits from beef and wheat were enough to keep the country rich. The open door policy towards immigration from war ravaged Europe led to an insustainable situation of having too many people to feed. It was good for the creation of industries which Argentina has, but it started the Argentine decline.

[@nickstevens3139]

@@JonasPrudas Australia Economy is much more diverse than you think. Australia’s Professional, industry and business services and education tourism sectors are big earners. Australia has tight immigration control in regard to skills but not in regard to numbers. Australia is currently facing a skills shortage and is trying to get 200,000 people a year into the country. Australia’s economy started to take off after WWII on the back of high migration. High migration has always been good for Australia and immigration into Argentina can’t be blamed for its economic decline.

[@AUmarcus]

@@vicentediaztrepat2585 Australia has free trade agreement with the UK now.

[@JonasPrudas]

@@nickstevens3139 I know that Australia has manufacturing industry, but it is not your strongest economic activity and it often struggles to compete. See the Australian car brand that closed? Your immigration policy is the most suited for your country. It is the type of immigration that Argentina should have followed. Superficially speaking, had Argentina taken in more German scientists instead of taking in creepy German war criminals, it would surely be better off today. Back to Australia, your skills shortage is due to the strong economy, based on the export of commodities, because Australia is an exporter of... commodities. The tourism exists, but I believe it is a high class niche tourism from the UK, from the USA and from the Far-East, which is nothing in comparison with the numbers Europe receives. Is Argentina far away? yes. However, Australia and New Zealand are even more isolated and remote than Argentina or Chile.The education tourism refers to receiving foreign students that pay to study there. Something that Buenos Aires, Montevideo, Santiago and the Brazilian cities should follow. Spain, Portugal, Chechia and many other European countries have plenty of foreign students. One of the things that made Argentina to fail was the lack of a good service economy looking for international markets. It was the tertiary economy that become extremely important in the world. My opinion.

[@somerandomguy4579]

As an Argentinian I can say that this is one of the best videos I watched from a foreign perspective :D it's even better than some Argentinian ones because they always come up with political reasons. So thank you for making this video 🇦🇷💙🤍💙

[@nachoqualsevol554]

yo lo encontré incompleto.

[@thiccler1127]

Cualquier vídeo que veas va a estar incompleto, si alguien hace un vídeo con cada dato pertinente sería un documental de 8h+.

[@masterchief7301]

Cual video Argentino recomiendas?

[@nachoqualsevol554]

@@AAA-ee3fl preso el año que viene.

[@LuisSanchez-xc9ih]

You guys are good as long as your team wins right? That’s all that matters

[@bob___]

I don't think we can understand the situation of Argentina without noting how isolated it is from its potential markets. The air travel distance from London to Buenos Aires is about 1000 miles, or 1500 kilometers, greater than the distance from London to Tokyo. This isolation is also a factor in shipping, especially after the opening of the Panama Canal in 1914. Once the canal opened, Buenos Aires was no longer on a well traveled global trade route from the Northern Pacific to the North Atlantic, as it had been. The old route was dangerous as well as lengthy because of the treacherous winds between Antarctica and South America which were encountered when going around Cape Horn. Changes in global trade patterns meant that Argentina found itself with reduced access to the global trading system, and this would have had a significant economic effect. After this change, the only ships stopping in Buenos Aires were ships that intended to go there, rather than ships traveling between the Atlantic and Pacific.

[@HolyRomanEmpire962-1806]

Little mistake, the distance between London and Buenos Aires is about 11.500km

[@bob___]

@@HolyRomanEmpire962-1806 It's 1,500 km more than the distance from London to Tokyo

[@nikomann88]

True. We're literally one of the most remote countries in the world, but neither economists, political scientists or policymakers on any side of the political spectrum here seem to consider just how far removed we are from our main potential markets. This is worsened by the shift in trade route importance from the Atlantic to the Pacific, as countries such as China and India start demanding more of the goods we currently produce than an aging Europe or a poverty-ridden Africa.

[@inside8233]

what about australia and new zealand

[@nikomann88]

@@inside8233 they're directly to the south of 5 countries that amount to ~45% of the world's population and 43.5% of its industrial output: Indonesia, China, India, Japan and S. Korea. Argentina is farther away from Mexico than Australia is to South Korea.

[@maharlikabebz2249]

I've always thought that Argentina is rich growing up. And to hear this makes me sad for the people. Hang on Argentina, the time will come for u. Love from Philippines 🇵🇭

[@luanlopes9415]

They are one of poorest countries of LatAm, more than Brazil, México, or whatever, many people eat trash like 20%, believe in me Phillipines by 2022 is richest

[@arturoserna4459]

@@luanlopes9415Don’t tell that to Argentinians because they’ll hit you with their famous lines “ you’re Asian and we are whites from Italy , Spain, and Germany”

[@treesleafsbees]

@@arturoserna4459They are grasping from greatness like blacks in america reach for african past excellencies. When society isn't working in your favour you tend to go back in history to claim something to feel better about yourself.

[@uwq0112o0]

​@@treesleafsbees Fact 😎👍👍

[@sirg8569]

​@@luanlopes9415 Somos el segundo más desarrollado después de Chile.

[@Alex_max19]

My Argentinian work colleague is convinced it’s because of the music genre, Reggaeton.

[@elephantman2112]

Reggaeton is a blight on the human race. That is true.

[@vulkanofnocturne]

Maybe Black Metal can save Argentina?

[@pac1fic055]

He’s not wrong

[@LucasDimoveo]

@@elephantman2112 why?

[@felipedigre]

We al know it's cumbia villera's fault

[@moahamadshoumar9328]

"Ultimately it is easier for one to mourn their lost potential than to accept they never had it in the first place" what an ending statement!

[@tsenavi]

@Víctor Mombrú and repeat the same mistake of being a raw material hub exploited by EU, USA, China, you Argentinians never learn

[@thefisherking78]

Hi there! I have been married to an Argentinian for a decade and I found this really interesting. Obviously opinions differ over some aspects of the narrative, but this summary meshes quite well with what I know as well as the opinions I've heard from her and her family. Argentina still seems to have huge potential if it can achieve genuine accountability in politics and finance, and I truly hope things improve there in the coming years and decades. Take care and thanks!

[@doritoloco5602]

Is hilarous that one guy from internet explains better the history of my country than my people itself. Is true, we lost faith in the politic class. Thank you for thr not biased information and explain the historic problem as is it. Here the political fanatism is so wild that is imposible to talk well and whit respect. Thanks for the class. :D

[@Boric78]

Very well done this. Gave me a new understanding of why that nation is so broken. A tragedy for the Argentine people.

[@carstarsarstenstesenn]

It truly is tragic to see such a country wasted on a failed system. Such beautiful landscape and culture but the system does not support the population.

[@Crihnoss]

And that's why I now live in Germany

[@Alex-ce1os]

@@Crihnoss en que ciudad de alemania vives?

[@Crihnoss]

@@Alex-ce1os Düsseldorf

[@Alex-ce1os]

@@Crihnoss muy buena ciudad creo que la mejor para extranjeros es muy parecida a rotherdam, yo aspiro a vivir en esa o en hamburgo

[@eriksxo]

Never industrialized properly

[@sockhal4595]

Argentina history sounds like a game party from Tropico.

[@MaverickTsuki]

I was about to say "no", but you're more spot on than id like.

[@jboss119]

where do you think they got the idea for the game in the first place.

[@chreeess]

Argentinas economic history and the influence of Peron is a really good economic case study for the perilous impact of protectionism when used in the long run, or post- early development

[@MA-go7ee]

Protectionism is almost always long run because entrenched forces benefiting from it are just about impossible to dislodge. Politicians in democracies are simply not incentivised to take away privileges

[@corneliuscapitalinus845]

Its not protectionism, its that they had to tow the line of Powers greater than them, and sadly that a unique form of social/class distrust seemed to form in many of the Catholic European countries and colonies. The USA was actually really protectionist coming up and Japan boomed with protectionist policies, and the british empire had a lot of protectionism also, and it wouldnt surprise me if the Germans and French did aswell.

[@martinmaydana2418]

@@corneliuscapitalinus845 This 100% With globalisation breaking down around them, I can't believe people are still going for the "free trade is the road for development" leitmotif

[@Dinofaustivoro]

Protectionism is a logical response to colonial exploitation

[@ramonandrajo6348]

Why isn't Argentina rich? Because the right and the extreme right, which is made up of the oligarchy, the big businessmen and the big banks in complicity with the USA; that's the reason.

[@gt-gu7rb]

I hope the narrator is not blaming the Marshall plan for Argentina's woes wholly or partially. As a neutral country not directly involved in WW II there's no justication for Argentina's participation. Europe's infrastructure was in ruins Argentina's was intact. There were advantages to the Marshall plan sure. But this is much more the case of mismanagement and political ineptitude than anything else.

[@kiq654]

By infrastructure you mean teeth of people? Argentina had no business deals to europeans or even americans. Besides maybe wooden architecture and sailing lessons for spoiled rich. What infrastructure helps when you have nobody to build advanced machinery required to be competitive with mass producing american subsidieries. You mean argentina had railroad? It probably went to beaches of argentina. Besides your positive attitude with harbouring war criminals of nazi germany wasnt exactly welcoming for foreign investors who could of achieved what you wished.

[@amonferrari]

Amazing Shirvan. Even getting pronunciation correct. Your care and devotion to what you do doesn't go unnoticed!

[@sanjaymatsuda4504]

He got the "Juan Domingo" part fairly correct, especially the J, but he was defeated by the R in "Perón".

[@jeronimocanton9557]

Right on the spot!! Being an Argentine your video felt very close to reality. Of course you don’t address the 21st century problems but that’s material for a next one!! Keep the great work!!

[@JH-zs3bs]

21st century problems in one word: Cristina. ?

[@think4yourself1984]

@@JH-zs3bs luckily his videos don't sum it up in one word, right? he might talk about macri and menem too...

[@HolyRomanEmpire962-1806]

@@think4yourself1984 21st century boludo, Menem is from the 20th century

[@carlosct417]

The political term is "Populism". Brazil suffers from the same problem.

[@agustinaramayo7490]

As a Argentinian, I can't believe such a great video. The phrase of the least hurt's, but it's so true.

[@NaCk210]

Great analysis! Hope it gets translated to spanish. I was worried that it would linger on Peron and the later half of the XX century like most international media does when looking into Argentina and its economic history, but I was gladly surprised you emphasized the historical and structural issues that conditioned the country since its independence and before.

[@martindione386]

I was about to write the same, and I'm not even a peronist

[@baobamarcopolo726]

Extractive colonialism was a disaster, it created an elite class with no incentives to modernize the economy. Brazil faced similar issues and "extractivist mindset" still plagues many aspects of the economy to this day.

[@juanpozzi8821]

I'm a working class argentinian. Why would you blame 1890-1930 private parties for the decline of a territory that has been governed by spanish crown before, and governed by peronists 80 years after. EIGHTY YEARS. Peronist policy is all about closing the country's commercial relationships, extremely high taxes, higher expenditure with deficit, thus printing more money thus high inlfation in all of their periods, and devastating all emergent industries, industrialized or not. It's impossible to produce under that circumstances. AND thus way more corruption just because of the fact that the state is way bigger in proportion with the same morale, so the only emergent industries would be the ones who allied the Government. He said Alfonsin's economy was good. Funny bro, one of the worst hiperinflations in Latin America's history. Just to remind you, inflation is the tax of the poor. The first price to rise in an economy is the currency (Rich have real estate, other assets and other currencies to protect themselves) and the second is the food. Poor people's spending is around 50% food, and they only have ARG PESOS. PERIOD. Peronism with it's inflation model fucked up Argentina. We have the highest tax pressure in the world and he didn't give a second of himself to say that. Bullshit analysis.

[@martindione386]

@@juanpozzi8821 80 years of Peronist govts? from 1946 to 2023, the peronism has governed 39 years so far, where do you get that number from?

[@juanpozzi8821]

@@martindione386 you’re missing the ones who claimed to be different and infiltrated same ideology and methodology in their governments such as macri. But you’re right, it’s a 80 year window, with 60 years of peronism

[@robertdais9069]

Fantastic breakdown of Argentina s economic history. I'm grateful and hope the good citizens of Argentina find a long term solution.

[@cualquiercosa3674]

I live here, we have a saying and it's painfully true: the problem with Argentina is.. the argentinians. This place lives in the past, we think of ourselves as the "Paris of Latin America", all while we can't feed ourselves, we all know the peso is worthless but still the people keep voting the most corrupt people in power to keep printing funny money.

[@MaverickTsuki]

Well.. playing the devil's advocate here, no one, ABSOLUTELY no one, was actually a potential good candidate on the last elections. People keep voting the same two useless and/or corrupt parties because they're afraid that if they choose other thing besides what they know, things would be worse. And then you have the typical chauvinist argie, no matter of what side, that might be shoot in the foot yet lick the boots of that same people who shooted them. You have either politicians that are bonkers and say they'll do stuff that would be highly controversial in other countries and others that make shitty promises and then do a 180º on us.

[@nikomann88]

That's why the closing statement in this video rings so true for me. We yearn for a past that never was, trying to walk back to a country that never existed in the first place. We really need to dislodge the myth of "Argentina was a world power until X" from the collective consciousness. Only then we'll be able to stop and think what to do with what we do have instead of how to reclaim something that we never had.

[@Haitian_Vagabond]

I sometimes run into Argentinians living/working in Mexico . Some do need to get a grip of reality. Your skin color nor your “European grandparents” won’t save you.

[@chrisbennett6260]

@@Haitian_Vagabond interesting

[@angelgomez7081]

The Paris of Latin America? Eh Argentina is just a European country in Latin America I heard they’re extremely racist

[@winstonbarquez9538]

Lesson learned: when the oligarchs rule the country comes to ruin.

[@jonatand2045]

Now the populists do and there is ruin too.

[@kingofcards9]

When a small group of people hold all the power any country/ideology comes to ruin.

[@MaverickTsuki]

Amen. It still surprises me this video awknowlodges that, though.

[@AaronVanWolfen]

nahhh Japan and South Korea are also controlled by oligarchs. the main problem here is that one sector (agriculture) sabotaged the others ones.... the gulf states also have the same problem. when a country's elite start to sabotage development for short greed profit, the country collapses in a few decades.

[@rizkifauzi7048]

uhmmm, U know South Korea??

[@somika87]

Shirvan, it's still early, but given the new direction the Argentine administration took it would be excellent to make an update to this in about a year or so. Keep up the good work! You guys are the true heavyweights in communicating geopolitics

[@socialseahawksfan9325]

Great news keeps coming in with inflation going down and investment money cycling into Argentina. I am quite happy with my investments in Argentine banks and have great hope for their future mining prospects especially Lithium Copper and silver.

[@feandil666]

That makes a lot more sense than just "bad economics", countries where oligarchs are in power never develop much, growth always come from a strong middle class, not from the super-rich.

[@nikomann88]

We had a strong middle class, the strongest in Latin America at one point, but it was really dependant on protectionism measures that could guarantee an industrial base that could absorb and produce said large urban middle class. That, coupled with the overall complacency of our entrepreneurial class, ended up making our industry uncompetitive and unsustainable in the long run, foreshadowing the constant decline in middle class numbers from the 1970's onwards, despite the efforts of all governments, either pro-business or pro-worker.

[@GeroG3N]

It has nothing to do with oligarchs. Argentina was already developed by early XX century standards, that's why it received millions of European inmigrants, that's why Argentine competed with the USA for European emigration. Socialist policies destroyed the prosperity of the country, not "oligarchs"

[@Hyperventilacion]

@@GeroG3N European population doesn't equal development, Argentina was never nor is developed, Buenos Aires was. And socialist, I think you're using that word without understanding its meaning, Latin America has always owed its underdevelopment to regional elites siding with foreign powers to preserve land and extraction while stifling local development, so yes oligarch is a closer approximation than any sort of short-lived leftist policy. However the fear of the left will keep Latin America underdeveloped, as development needs solid leftist policies to be able to support a middle class, and those are facts, not opinions.

[@GeroG3N]

@@Hyperventilacion You understood nothing, you are arguing against a straw man. 1) I did not say that the European population equals development, I said that immigration is indirect evidence of the prosperity that the country had, or do you think that they chose to get on a ship and cross the Atlantic Ocean because of beautiful landscapes? No. It was because of high wages, higher than in most of Europe, and because of the high social mobility and human development. The American dream was the USA and Argentina. 2) Yes, Argentina was developed, in every aspect; education, industry, military, infrastructure, salaries, innovation, life expectancy, infant mortality, GDP. You name it, the evidence is there. 3) I didn't say socialism, I said socialist policies, which is not the same thing. 4) No one who knows what he is talking about refers to Latin America as a whole. There is no "Latin America", it doesn't exist. There is Mexico, Argentina, Brasil, Chile... individual countries with very different cultures, history and politics. So that just shows that you are a charlatan.

[@Hyperventilacion]

@@GeroG3N Boy, I am literally an specialist on this subject, thankfully I am too busy to further engage online.

[@marcusaurelius5560]

PLEASE do a video on Haiti. You may lose your sanity in the attempt, but it would be well worth the effort for how interesting the situation is.

[@Androbott]

up

[@sheilahales4313]

Haiti's history has been so tragic yes it would be an interesting video to do. it will give greater understanding to the current events unfolding there.

[@ArielCacha]

One important thing you didn't mention: most of the governments expend more than they get from taxes. So every economic plan has failed for that main reason, including Memem's. To cover those expenses they always end up printing money, leading to inflation crisis or borrowing until we cannot pay, defaulting the debt.

[@rexona1178]

It really depends on the economy. Many African countries don't have any right to their own monetary and fiscal policies. They must depend on France.

[@jl6075]

Sounds like America nowadays

[@gorsh7870]

The usual neo-liberal finger pointing at "printing" as the sole culprit.

[@ArielCacha]

@@gorsh7870 Ah.. the usual strawman fallacy.

[@woopert7]

You are exactly right, coupled with the obvious scapegoating and excessive regulations.

[@Mr_M_History]

But you forget two major exports: Messi and Maradona...

[@jackmiller1561]

Loved your Pivot to Asia video. Is it Boris Yeltsin this week?

[@larsstougaard7097]

And Tango 💃

[@Kevin-fq3zh]

ahh… argentina’s M&M 😁

[@jameslebron2403]

RIP Maradona 🙏🇦🇷

[@davidhughes4089]

I think you're forgetting the trade imbalance - they may export sporting legends but that's offset by the amount of Nazis they've imported over the years 😄

[@steverogers8163]

fun fact one of the first examples of corporate offshore tax avoidance happened in Argentina. A British beef company raised cows in Argentina and shipped the resulting beef to the UK. They avoided nearly all taxes by claiming they were an Argentinian business in the UK and a UK business in Argentina. It was of course all a lie because the owners were UK citizens and lived exclusively in the UK. This happen a hundred years ago and the tradition continues today, with arrangements like the double Irish tax scheme that major corporations, especially tech ones, use to dramatically lower their taxes by claiming their Irish subsidiary "own" the revenue generating portion of the business.

[@arieleduardo2492]

My fellow Brazilians may not even like to know this, but Argentina is in a better situation than we would be if it weren't for the really bad macroeconomic scenario. Precisely because they have a higher productivity rate than ours, and especially in terms of agriculture, they have the potential to assume regional leadership because of their more fertile and arable land than our Cerrado, without depending on international fertilizers. I greatly admire the history of Argentina, and I hope that Mercosur will develop sustainably in the near future, bringing more prosperity and better living conditions to our community.

[@aigenerated6786]

why is everything a fight against brazil with the argentines? lmao

[@Nat.ali.a]

@@aigenerated6786 history. Argentina and Brazil are historically political enemies and Uruguay was their battle ground for centuries.

[@aigenerated6786]

@@Nat.ali.a It is 2022 we don't need to fight our sister nations and its people anymore

[@chrisbennett6260]

you need to sort out your racist polices and deeply unequal society based on race and corruption

[@dee6340]

This video can apply to any Latin American country. I don't know man, the Spanish didn't do a good job setting up their colonies for success. It seems to me they only cared about the motherland and wanted to extract as much wealth as possible

[@sumitshresth]

Well what can you expect from bunch of religious fanatics. Even after so much looting both Portugal and Spain are not in par with other colonial powers of past.

[@chavinho7793]

Yes exactly. That's what happened Spain just wanted to extract the wealth which they did for a long time. Leaving Latin America in shambles. When the pilgrims left to America they were looking for religious freedom. When the Spanish left they were looking for wealth

[@howard6340]

Argentina is a country with a bright future...behind it.

[@sianmoltie8979]

Dude XD💀

[@candybanks8717]

Coup is their one stable industry.

[@zhcultivator]

plus inflation sadly

[@socialseahawksfan9325]

As is blaming the USA and Cia for their failure to industrialize. The people there have been brainwashed to believe in socialist and communist ideals.

[@barracuda6900]

Are you planning a part 2 of this, to examine the policies of the Kirchners and Macri? They undoubtedly contributed to the current Argentine situation too.

[@mina_en_suiza]

I was wondering the same.

[@ramonandrajo6348]

Why isn't Argentina rich? Because the right and the extreme right, which is made up of the oligarchy, the big businessmen and the big banks in complicity with the USA; that's the reason.

[@mina_en_suiza]

@@ramonandrajo6348 If only things were that simple. Of course, what you mention are factors, but so are others. The video summarized it pretty well. You can hardly do it better in so little time.

[@ramonandrajo6348]

@@mina_en_suiza And?

[@strelitziapete9071]

@@ramonandrajo6348 True Britain and the USA shafted them. Did you know the Argentine government also stole the gold reserve and moved it into storage in the USA?

[@JonasSalk]

I think on your European immigration to Argentina graph you flipped the colors for Italians and Austrians. Italian immigration to Argentina was immense, nearly equaling the Spanish. Austrian immigration was nowhere near that high.

[@Argentvs]

Italian immigration to Argentina was not nearly equal to Spanish, it was bigger. 3.5 million Italians vs 2.9 Spaniards.

[@natkojurdana9673]

You're probably right, however "Austrians" were many different ethnicities. All those who were under the Austrian part of Austria-Hungary. For example the Czechs, Slovenians, Ukrainians, Germans from Austria, Poles, Croats from Dalmatia and Istria, Bosnians etc... I'm a Croat and I know I have some distant relatives in Argentina ;)

[@aknsmar2768]

@@natkojurdana9673 yes, part of my ancestors came from ukraine, argentina gave them everything, they adapted well to the rural culture, and together with the polish immigrants they built a city in the province of misions (north of argentina) the cultural impact was so great that here Polkas are also danced in folklore, derived from the Ukrainian kolomeikas.

[@torrezno1990]

The Spaniards went to Cuba, not Argentina. Argentines are the mixture between Italians and indigenous. Greetings from Spain.

[@Argentvs]

@@torrezno1990 what? Argentina is the Spanish Viceroyalty of the River Plate. Italian immigration came 50 years after the independence. 3.5 million Italians and 2.9 million Spaniards, including my great grandparents and my Spanish grandmother came between 1860 and 1960. Moreover immigration to Cuba was minor. As most central America and Caribbean islands. Millions of Spaniards migrated to Mexico, Venezuela, Argentina, Brazil. Cuba isn't even the 1% of Spanish migration.

[@bharat1366]

Congratulations Argentina for winning Football World Cup 2022

[@ythien649]

Also congratulations for Argentina become one of the highest inflation rate with 95% in this year

[@vesuviotechno8128]

Congratulations for the gift by FIFA.

[@chalkandcheese1868]

Congratulations on prioritising irrelevant things.

[@RESZKKZSEE]

​@@chalkandcheese1868mate look at the comment section properly a few other ppl have been talking about stuff like that so shut up

[@Walterdecarvalh0100]

It's funny same thing happened to Brazil with the export thing, but the landowners used excess profits to industrialize

[@dingfeldersmurfalot4560]

And still kept the profits mostly to themselves.

[@altrag]

@@dingfeldersmurfalot4560 Its still a benefit. Industrialization multiplies the value of your resources. You earn way more for finished products than you do for raw materials. The problem is getting industrialized in the first place. It comes with a hefty up-front cost to construct things like power plants and factories, locating (or better yet creating) markets for the products you produce, etc. And there's often a lot of pushback against those up front costs because the people who necessarily have to bear them are mostly the people who already have money under the existing agrarian system, and while they well know that there will be far more wealth after industrialization, they don't really have a way to predict whether or not it will be _their_ wealth. So it becomes a huge gamble for them - maintain a stupid amount of wealth now or risk it all for a chance at ungodly wealth later. Most choose the former unless they can figure out some form of concession to ensure that they'll be one of the winners in the latter case. And as always, the wealthy have little regard for the other 99% of the population suffering under the agrarian system. The choice to industrialize or not is never about the good of their country, only their own wealth and power.

[@robertortiz-wilson1588]

@@altrag very well put.

[@MA-go7ee]

@@altrag you're a good writer. You should consider making a video about this particular topic

[@aronbruno327]

The biggest difference with Brazil is that it has an internal market big enough to support industry , even if it is an inefficient one. Any industry in Argentina must be export driven, which is much harder.

[@ChrisJohannsen]

When my leftist dad decided to leave the US in the 60s he was trying to decide between Buenos Aires and Vancouver. Good thing he chose Vancouver.

[@lm_b5080]

same thing with Johannesburg vs Sydney. In the 60s, Jhb might have seemed like the most incredible place to get insanely wealthy..but the tables have turned the last 30 years

[@ChrisJohannsen]

@@lm_b5080 funny coincidence, my last name is close to Johannesburg and we eventually did move to Sydney as a family. My parents eventually moved back to Vancouver but I'm in Melbourne.

[@hannankhan5589]

@@ChrisJohannsen why did your dad move from the US to elsewhere? Not judging just curious. While most would want to go there, y’all left? Moreover, are y’all American as well or nah?

[@ChrisJohannsen]

@@hannankhan5589 he was in California during the red scare and got kicked out of college by then-governor Ronald Reagan for signing up for a leftist entrapment "guerrilla warfare" class. Then the Vietnam war started and he highly objected to murdering Vietnamese civilians, so he renounced his citizenship before he could be drafted. Plus all the assassinations that were happening at the time... JFK, MLK, Malcolm X, RFK, etc. Very chaotic time, much like the 2020s. I'm a Canadian citizen living in Australia permanently and have no desire to be American. Highly overrated country for regular people. If you're a multi millionaire it's pretty sweet, as long as you don't get randomly shot.

[@garrysekelli6776]

Sounds like a terrible way to grow up. Especially the leftist dad part.

[@Edgar2023ES]

This subtitle is a mess. We can't mention every undeveloped country as they were all the same. Argentina and Mozambique aren't developed country, but the HDI Argentinian is 0,842 and the Mozambique is 0,446.

[@NoVisionGuy]

Argentina, the only 3rd world country that looks like a rich European country.

[@HolyRomanEmpire962-1806]

Some parts do, some parts don't

[@sanjaymatsuda4504]

It doesn't really look like that in real life, it's just the angles and editing. In several of the aerial shots, if the camera had turned like 60 degrees to the left or right, shanty towns would have been plainly visible.

[@olekatoska1901]

it happens in almost every Latinamerican country really, specially the Southern-Cone subregion, in the end they're all Spain's son and built their cities with a similar organization and style

[@olekatoska1901]

​@@sanjaymatsuda4504 even more, at 15:17 he shows a Chilean highway, probably got confused thinking it was from Argentina considering it's a path that takes you to the frontier

[@gamesnig]

@@sanjaymatsuda4504 as an argentinian guy i can say that depends, but in general, in this country the only place that looks like europe id say is the capital and cities near it. Then the rest of the country is rural areas with few developed cities.

[@theconqueringram5295]

Argentina's economic issues are deeply entrenched within its system.

[@marceferrari8526]

me complace ver como un video hecho por extranjeros desarma el mito de la Argentina potencia. Muy bien explicado demuestra que los grandes beneficiarios de esa Argentina rica fueron un puñado de aristocraticas familias, dueñas de grandes extensiones de tierra que construyeron castillos en la pampa y vacacionaban en europa todos los años. Algunos se mudaban por algunos meses.. Ningun pais es una potencia siendo fundamentalmente agroexportador. Hoy en pleno siglo 21 tenemos una parte de los ciudadanos que sigue creyendo en ese mito.

[@Homer-OJ-Simpson]

Seems to me that the two biggest factors in Argentinas slide since early 20th century are not fully taking part in the Industrial Revolution (sticking to agriculture and mining etc) and later terrible populist economic policies (give the people whatever they want rather than making sound economic policies) only to have to undo populist Policies before returning to those populist policies.

[@jacklaurentius6130]

Starting the “Industrial Revolution” is easier said than done, I think. What’s easier, growing crops and cattle, or building multiple large building with complex machinery to mass produce items? Argentina needed industrialists and skilled laborers. They needed _wealthy_ industrialists. Instead, they have an army of rich agriculturalists and farmers.

[@Pedro-zu3uq]

Did you watched the same video? de-regularization and a focus on agro exports did way more harm than populism.

[@AussieFlavio]

Admittedly, Argentina *did* take part in the industrial revolution. By the early 1900s Industrial output was a bigger part of the GDP than the primary sector. By WW2 the industrial output of Argentina rivalled that of Italy, and surpassed that of Spain. Argentina had become the main recipient of British investments, ahead even of their own colonies. I like to bring up the example of HAFDASA. Born in the 1920s, It did all kinds of things, from manufacturing weapons for export to building aircraft engines and they even tried to get into the car market. By 1951 it was mostly out of business and only produced firearms from leftover parts, and by 1953 it had closed it's doors permanently. I do not sincerely agree with the view of "agrarian economy" that some people really like to hold. It simply wasn't the case, if we see the data. I think it's mostly an attempt to shoehorn foreign models of "agrarian reform" into the Argentinian reality which has never needed such a reform, because most of the primary agricultural sector has throughout most of history been rather decentralized. This, coupled with a political narrative of "there's 10 families which control the country" (leaving aside how those 10 families could have held onto wealth and power, against the odds which state most fortunes never survive the generations, and against decades of totalitarian and authoritarian governments who blamed them for everything) gives some people a desire to overstate the importance of the landowners in society. If anything, the importance of the agricultural sector began to increase after the economic collapse of the 50s. No longer did Argentina have a competitive economy, let alone industrial sector. Industrial exports all but ceased, as import substitution does not lead to a successful, competitive economy. The agricultural sector, by virtue of it's outstanding competitivity despite the dead weight it carries, became the sole provider of hard currency for an economy that bleeds it chronically.

[@muiponcomuiponco772]

@@Pedro-zu3uq Oh yes sure, if the video says it, it's true... it wasn't deregulation, you have hundreds of countries that, by having an open market policy, came out of the hole they were in.

[@ramonandrajo6348]

Why isn't Argentina rich? Because the right and the extreme right, which is made up of the oligarchy, the big businessmen and the big banks in complicity with the USA; that's the reason.

[@AngelGonzalez-yb6gu]

Argentina is always in crisis and chaotic. Still... I'd invite y'all to visit Argentina anytime, because the mix of European and Latin American culture is fascinating and there are many, many places to see. Plus, is the land of Maradona and Messi, what's not to like??!!

[@henrikrolfsen584]

I lived in Argentina from 2003, to 2008. I lived in BA, Mar del Plata, and Necochea. I had a wonderful time, and made many friends. I went back in 2010 for a visit, and was robbed of $1,700. in the Subway. Current inflation of 95% makes it impossible for a foreigner to live there. Banks issue 149 pesos to the Dollar. But the street value of the Dollar is closer to 300Pesos. Foreigners pay double for everything.

[@joshualieberman1059]

When you have a foreign sources of income and use cryptocurrency to get 270-280 pesos for 1 dollar it’s pretty good. From a Russian standpoint. At least your government won’t harass you that much. You also have a realistic 3 year path to get an Argentinian passport. Seriously considering Argentina now.

[@claudiopiazza3793]

Supongo que entendés español, este tipo de cambio favorece a los extrangeros que tienen dolares ya que con un dólar le dan 300 pesos y terminan pagando la mitad por todo.

[@prestongarvey9062]

It's crazy how people would rather be very wealthy in a poor country than modest in a great one.

[@Scheport]

Always more prestigious to be of a ruling class regardless of location.

[@xicarts]

This is by far the best video about Argentina I've ever seen, the problems we face are structural, not any one man's fault, we are sadly the confederate states of south america

[@hevnervals]

Juan Domingo Perón was a left wing populist. He expanded the welfare system without having the means to pay for it. The economic decline did not predate Peron. The economic decline started in the 50s which was during Peron's first presidency.

[@karthago1469]

I can highly recommend establishing a morning ritual with bread, cheese, coffee and Caspian Report.

[@konnen4518]

Not enough videos to do that on a daily

[@karthago1469]

Yeah you have to mix it with Wendover Productions, PolyMatters and TLDR News. And of course your daily dose of existential crisis. Best wishes.

[@the_rujini4840]

As an Argentinean I have to say this video is pretty accurate, add to all of the previous a culture of short-term thinking and you have the answer

[@omegawii]

You forgot to mention that the people and government of Argentina prioritize football over work which has also contributed to their economic decline.

[@omegawii]

It's true though but on the plus side their country is in pretty much every world cup semifinal or final... you can't have everything.

[@liqiz1755]

@@omegawii Not true last time Argentina went out round of 16 in 2018

[@GuidoDalonzo]

BRAVO as an argentinian this is the first video from outside that i see that dosent demonize Peron and put blame on the agricultural elite, great research caspian!!!

[@HolyRomanEmpire962-1806]

Aunque fueron 2 de los mayores factores esos que mencionaste

[@GuidoDalonzo]

@@HolyRomanEmpire962-1806 No

[@nothanks3236]

It was those British railroad workers and execs who introduced football to Argentina.

[@adam872]

What I can't work out is that my country of Australia had a similar relationship with the UK at the beginning of the 20th century (largely dependent on agricultural exports) and yet developed into a modern market economy with representative government and Argentina didn't.

[@JonasPrudas]

The rope was seriously severed in 1973 when the UK entered the then EEC (now EU). Australia had to look for other markets such as Japan and China. Now that the relationship between China and Australia is not the best, Australia is going to look again for the English speaking world as the UK is no longer part of the UK.

[@adam872]

@@JonasPrudas certainly true and other countries like India have moved closer to us at the same time.

[@JonasPrudas]

@@adam872 May I suggest to the leaders of the southern countries in the world to create a council in order to discuss themes that are of common interest? This council should be composed of the most southerly countries of the world: Chile, Argentina, Uruguay, South Africa, Lesotho, Australia and New Zealand. It would be discussed items as to how to offset the remoteness of these regions, temperate climate agriculture in the southern hemisphere, winter sports in the reverse seasons of July August and September, and possibly the creation of a round the world flight linking these countries through the southern latitudes.

[@adam872]

@@JonasPrudas I'm never opposed to more economic cooperation between like minded countries

[@claudiopiazza3793]

The answer is market economy, in Argentina they chose socialism.

[@gianb3952]

Just a couple of additions: The Roca-Runciman pact as described here doesn't even begin to encapsule just how much we literally gave away our country for free The 1976 coup was orchestrated by the US, like many others throughout LATAM And Argentina is continuing to be kept poor by not having a single administration that puts the situation of the country as the main concern. We live in a cleptocracy where corrupt officials first and foremost want money and votes to keep stealing money, and taking care of the economy is secondary. And last. God damn, that phrase at the end about admitting you never had potential... I gave up believing in this country long ago but God damn...

[@nyfinest487]

Everybody always wants to blame the US. like for everything

[@AureliusLaurentius1099]

@@nyfinest487 Blaming the US is an easier scapegoat

[@shiny_teddiursa]

The country has been giving all of its resources for practically free since the era of globalization. Way before direct US influence

[@nicolaszan1845]

@@nyfinest487 To be fair, you didn't exactly paint yourselves as saints. Easier to blame unrelated problems to a known asshole that caused problems than yourself.

[@philnightjar1971]

just make the politicians realize they can profit more if they can make the economy better: win win

[@SpookyGhost999]

Argentina is rich. Well, the 200 families that have ruled the country for 200 years are rich, everyone else works for them, one way or the other.

[@ChrisJohannsen]

200 billionaire masters is way more than most counties.

[@deemen7132]

In the US we have Bill Gates, Bezos, Buffet, Elon, etc as our Rich Elites

[@olekatoska1901]

I wonder how they manage to reach such a low GINI index score

[@Sarcastic_Asmodeus]

This is why it's so important to learn from past mistakes. So you stop repeating them.

[@demorbe-official]

Tje way you put up information is way too different from the other KZbinrs. You make things easy to understand. Thanks for the research

[@jackboot8432]

Argentina is a country with a glorious future - behind it...

[@A_1_S]

False, it a glorious country that never had future, neither behind or to come.

[@brianmiller5444]

the ironic thing is the views of the cityscape are beautiful.

[@Prometeo9]

Awesome! Watching this from Buenos Aires! Great video, well done!

[@CJ-BZ]

“It’s easier to mourn their lost potential, than to accept that they never had it in the first place.” Gonna need a senzu bean for that one.

[@AM-yi4dd]

Argentina has received three Nobel prizes in the sciences, its nuclear programme has been highly successful, and they are standouts in sports and the arts, and they have a Pope - how many countries can say that? Regardless, I believe that Argentina has a lot of potential to build a better future, especially given their younger generations which are a lot more progressive and international. Saludos amigos from 🇺🇸 ✌🏻

[@PhilospherKing]

Nuclear program? U mean it has many reactors or weapons?

[@Mike.Muc.3.1415]

@@PhilospherKing The Argentinean armed forces have been researching nukes for decades.

[@elmehdizine7022]

Lmao who gives a fuck about the pope being from argentina, its not a skill, this argument is pathethic

[@Apster]

@@Mike.Muc.3.1415 They should research how to win

[@TheJoaovicente]

Funny when this comes from an American because the USA supported a military dictatorship in Argentina that severely worsened their prospects

[@Geoe423]

You explained it perfectly. You connected all the dots.

[@felipedigre]

Thanks for the research for this video, it shows it was very thorough and you made an amazing work at trying to keep it simple and approachable. As a student I always loved history classes except when it came to studying Argentinian history. We fucked up so much so many times it's just plain depressing

[@tordsteiro9838]

It's all about institutions. I can highly recommend the works of scholars such as Douglass North, Acemoglu&Robinson, Erik Reinert, Avner Grief, Mary Shirley, Nathan Nunn, Ha-Joon Chang, Dani Rodrik, Joseph Stiglitz, just to mention a few. If you are interested in the environment rather than development, Daniel Bromley, Elleanor Ostrom and Arild Vatn are excellent sources.

[@marcocappelli2236]

Pfff, me pasa lo mismo. I can spend hours learning about a nation's history, but Argentinian history just seems so bleak, specially when the coups start, then leading to the very politized part of Perón. Me encantaría encontrar buenos libros de historia Argentina que sean imparciales, pero ni idea en qué autor confiar...

[@facundosilvera9762]

@@marcocappelli2236 hay uno que me gustó, la invención de la argentina, justamente escrita por un extranjero

[@One.Zero.One101]

Politicians pocketing the money instead of using it to develop industry. Sadly it's a very common story. It's happening in my country too and I've given up hope that we will ever be a developed nation.

[@pippo1734]

Awesome job. I'd love to see one about Chile or Latin America in general, as for quite a long time all colonies were part of the same system. Like the river plate has its name because it was the river to move the silver from Bolivia to Spain, and how internal commerce is still small, which created big dependency from other empires.

[@JonasPrudas]

The word Argent.. ina has also the same origin. The country of silver.

[@behroozkhaleghirad]

I love Argentina's culture and nature and definitely plan to have a retreat there in my 40s. What I can see is that Argentina can't maintain a very delicate balance between economic growth and social welfare. Since Argentinian economy is based on export of agriculture and raw minerals, it's very dependent on global fluctuations. Since Argentina doesn't have enough energy resources to support its domestic industry, they have to export something to import energy. If they industrialize too much, the competitive price of their exports will be hindered and this will result into economic downfalland loss of life standard. If they don't industrialize, their exports will be very dependent on global political atmosphere and will not be able to provide a welfare system to their people. As I see it, they need a deal with Venezuela to have access to very cheap and very dependable energy source. They have to aim their agricultural products towards African and Chinese market, and their mineral extractions towards US and EU. At the same time, build a backup plan so that if s**t hits the fan, without any exports they can at least feed and house their population. The move towards providing social services must be slow and steady, and the resources allocated to such services must not be reliant on exports. EASIER SAID THAN DONE

[@booba8565]

we have a lot of energy but the government want to keep gas cheap so they just destroy the prices

[@behroozkhaleghirad]

@@augustohoraciobaldassarre4223 I did not know that Argentina has such a huge gas reserve. But since your country is already in debt, it doesn't make economic sense to tap it now by borrowing money from abroad or giving it to global companies because they will exploit it and never give anything back to you. I'm Iranian living in Iran, believe me I understand what inflation, poverty, social unrest and lost opportunities mean.

[@jordanthomas4379]

Argentina is geographically very well placed, it is resource rich, it has fantastic assets, but it’s all useless when a horribly corrupt government and massively misguided economic system takes hold for decades

[@gorsh7870]

So, basically... you didn't see the video and commented anyways?

[@facundosoler2200]

Or TWO different empires like the Spanish and British take HOLD for decades as explained in this video ... ?

[@socialseahawksfan9325]

Don't forget a population who believe in socialism over progress.

[@jontalbot1]

Very interesting for me as a Brit. It feels a bit like Part One of something, with a Part Two looking forward. I am also fearful that entrenched vested interests in my own country will result in a long period of self inflicted economic decline.

[@uttiyadeb7583]

You Brits have damaged many countries under your imperialist policies and colonialism.

[@jontalbot1]

@@uttiyadeb7583I am as responsible for that as all the things your ancestors have done. My family were working for a pittance in terrible conditions like the vast majority of British people. I don’t know what sort of world you live in but it’s a very simple one. You probably think all Germans are Nazis.

[@uttiyadeb7583]

@@jontalbot1 Germans are far better than the British. The British have f***** wherever they have gone.

[@jontalbot1]

@@uttiyadeb7583 The legacy of the Empire, among other things is the Commonwealth, an association of 56 democratic nations. They are mostly former British colonies but some countries like Mozambique which were not also joined. Those countries obviously do not share your view so perhaps you should contact them to explain why they have got it all wrong. Would make more sense than just venting at me. You could also explain your novel ideas about how wonderful German colonial masters were. It’s an opinion l have ever heard before. They have a bit of a reputation because of Nazis etc

[@jontalbot1]

@Críostóir Ashtin That is not true. Very strong in pharma, bio sciences, software, defence etc.Nor is it true all services are in London. What do you imagine the rest of the country does? All advanced economies are service based

[@MrWilliamwright]

I really enjoying your South American reports they are excellent, better than any local South American itself, the reason I think that South Americans don't make good analysis is of the political position, you have to be removed from it to really see things analytically.

[@mosaloquendo]

yeah, i´d like more non american and non european political analysis

[@therealmp40]

I feel this video focuses a bit too much on things it shouldn't, like the so called Estancieros, it overexaggerates the power they had within politics. Argentina has always had a problem with centralization, Buenos Aires being the most developed province while the others are left out to dry, said other provinces being the ones where these estancieros would be. In truth, the elites in control of the country were directly linked to Buenos Aires and it's "Aduana" which gained money by enforcing taxes on any merchant vessel bringing in goods through the Rio de la Plata, this was actually one of the main sources of income for the country and the elites were always directly linked to who controled the import/export market in the country. It also brings up the lack of industrialization as one of the main reasons for the country's sorry state, but that's rather naïve, considering the country did industrialize during Peron's era, but the problem lies elsewhere. Even when looking at a country that did industrialize further like Brazil, you'll see that they don't really exist in the international market, and the reason is that it's extremely competitive and the already established producers like the US or China overwhelm the rest, and in the past it was the US and the british. The truth is, no one wants to buy from a country who has less years of experience, less market credibility and higher prices (due to lesser production capabilities). Not to mention industrializing is a very expensive endeavour, in Argentina's case it racked up quite a lot of debt because of their attempt, all the while killing funds for the already established agricultural powerhouse which was already the main source of income for Argentina. And there seems to be a misunderstanding, it's not Peron's governments the ones that are blamed for the country's downfall, but the governments that came after inspired by them. Peron came after years of elitist conservative governments, so populism was a huge success and left a big impression on people, which meant that after him the country was divided by a massive amount of fanatics who still exist to this day to back the current populist government. The problem with this, is that Peron's successors implemented populism in a way that has crippled the economy, instead of taking measures to create new jobs and revitalizing the industry, they just give money away. It's such a problem that there's something called "Planeros", which are people who live off welfare plans instead of working, since these social plans are so badly regulated instead of helping people until they get back on their feet and get a job, they just sit around doing nothing for the economy and earn more money than the minimum wage. Many measures like this has made sure that the country stagnates, including many cases of beginning projects for the sake of saying they are doing something only for them to be abandoned after years of nothing, instead of attempting to rebuild after decades of economic crises we have a clique of populists that hold onto power for their own benefit (of which somehow there was no mention in the video), the Kirchnerist goverment has been going on for almost 20 years, making sure that the little money that enters the country is misallocated in half measures and self benefit, all while the debt keeps piling up. The sad truth, not only for Argentina but for all countries in South America, is that they will always be relegated to a supporting role in the world economy, without any chance of entering a market that is gobbled up by a few superpowers. All that's left for them to do is export their raw materials and produce while the carrot of becoming a developed country is dangled in their face, all the while becoming even more indebted to actually developed countries. Who knows for how long this can be kept up, Argentina is close to breaking, and the rest are also in a collision course that's not a matter of "if" but a matter of "when".

[@raceris7309]

I feel like Chile next door is the realised potential that Argentina lost, which is strange, because it's the opposite of Argentina - smaller in size, very mountainous, has less arrable land. I feel like in order for Argentina to rise from the ashes, it needs to fill a possible gap in worldwide economy. For example, China provided the world with cheap labour, Germany with quality products etc. What exactly they need to do is beyond my knowledge, but that's assuming that they're reaching for GDP that matches UK or Germany. If they simply want to have a comfortable life, then a strong government is all that's required (remember, investors don't want to invest into a country that has weak or unstable governments, it's why investments into Honk Kong dropped after events in 2019)

[@wernercaspary7159]

I have lived and worked in Argentina 🇦🇷 its a beautiful nation with a wealth of natural resources and industrial resources. What keeps this nation down is cheap politics, mismanaged economy and lack of vision by its political leadership. I love asado 🥩 and my favorite football ⚽️ team is River Plate. Interesting report. Greetings from Germany...🍺👋

[@liqiz1755]

And it’s racist too and many nazis went there.

[@sebastianbardon391]

We are a rich country full of poor people. The video is a great summary but not mentioning the Operation Condor in it is a huge miss. The UK first and the US later, never let us to have socialist regimes. The cheap politics didn't come by chance.

[@method341]

@@sebastianbardon391 if you had socialist regimes you would be no better off than Venezuela right now. You should thank the UK & US for saving you

[@sebastianbardon391]

@@method341 The same US that is preventing Venezuela from trading freely, applying sanctions and tried a coup d'état with dumb mercenaries? You have to be kidding. Those two countries never saved anyone. Ever.

[@method341]

@@sebastianbardon391 that's what should happen to a country that is being ruled by a murderous socialist regime - excommunicated from the rest of the world.

[@historyandmore9555]

Have my exam which I haven't studied for and I'm here watching why Argentina is not rich

[@i.c.r9473]

as a colombian(granted, i'm from a major city and upper class), argentina is becoming a really popular destination, since everything is so cheap compared to here. oh how the tables turn.

[@sortingoutmyclothes8131]

My prediction: he's gonna blame Peronism, high government spending and corruption. Wow... color me impressed. It' an actually good video. I can't believe an English language video is explaining Argentina's economic and political reality this well. Thank you.

[@CStone-xn4oy]

TLDR: Argentina never fully decolonized economically.

[@IsAcRafT]

and the indigenism movement and the socialism of the XXI century is the future according to south american leftist..... Misery, misery and misery that's all these populist will provide in great quantities, meanwhile the prospects of a brighter future is denied for everyone until they become part in the corruption at the higher echelons of the society ruining the lives even of those the populiats claim to defend.

[@shiny_teddiursa]

Literally all of Latin America, Argentina is just the most obvious example since they have the best statistics for becoming a wealthy country on paper.

[@MaverickTsuki]

Sad, but true.

[@JB-io8ys]

"Consequently, ordinary Argentines lost faith in the political class and it was in this soil that the myth of the long decline took root. Simplistic though it is, its psychological appeal is all too human. Because, ultimately it is easier for one to mourn their lost potential than to accept they never had it on the first place."

[@enzosorcini2459]

Nice summary! I know the main topic here is economics, but naming "resistance" and "political dissidents" to terrorist groups like "Montoneros" and "ERP" it's an understatement. They were the main reason why the military made the cue in 1976 and also their main objective.

[@johnallen7807]

A very informative account, I must admit as an Englishman I am woefully ignorant of South American history.

[@kieranwalsh2058]

Likewise. I know precious little about South American history outside of that one thing that’ll start a flame war

[@HolyRomanEmpire962-1806]

Yeah, South America is a continent people tend to think that they really know about when if you ask 90% of people in Europe how many countries are in the continent they wouldn't be able to respond

[@geografisica]

I don’t expect from people to know South American history if they don’t even know that its name is not because it’s located South of the US (America), and that we are not a single country called ‘South America’ (like South Africa is) but 12 countries. So before learning our history people need to know our Geography first.

[@agustin2812]

Islas malvinas argentinas 🇦🇷✊🙏

[@johnallen7807]

@@agustin2812 Dream on sonny boy! You got your arses kicked last time and your armed forces are even more of a joke now.

[@TheCdecisneros]

The old joke is God is creating the world and He is putting a lot of natural resources in Argentina. God is asked" Is that fair"?. God answers " Oh, I'm going to balance it out. I'm going to fill the land with Argentines ".

[@darsemana512]

Love it! Regards from Argentina!

[@Masiba7517]

All this could have been avoided if steiner did his counterattack

[@lil_jong-un6668]

My grandpa in Argentina said the same thing

[@strelitziapete9071]

I was doing some reading on this on Forbes, basically the government from Peron had a non independent central bank which it controlled and gave out loans to cause hyperinflation which is used to drain money from the private sector . This is money which isnt earned just printed and causes strain on the private sector and then government cronies and big corporates were getting rich off this hyperinflation, and debt kept going up and up. So they were basically subsidising like crazy which didnt create new industries, just looking after the big land holders at the expense of industry and growth. Successive governments are now Peronified and have even been hiding high inflation to make people think its not a problem. Maybe the country needs more foreign investment, but probably due to their economic history no one dares to do it?

[@Argentvs]

They keep doing that. I would close the fucking central bank. Just free banking and financial rules let be set by the congress or a secretary of finances.

[@einfelder8262]

After WW2 my father was desperate to get out of Germany. His first choice was Argentina, but was finally able to get on a boat to Australia in 1956. Thank god we didn't finish up in Argentina..... Australia isn't perfect, and in the last 20 years has suffered some gross political destruction of what the post WW2 immigrants built. But I still think it's more stable than Argentina. He never considered Canada either thank god :)

[@chalkandcheese1868]

What exactly did post World war 2 immigrants build, and who destroyed it?

[@TheCowardRobertFord]

0:50 Many of the problems that Peron caused in Argentina also repeated themselves in Brazil, with Getúlio Vargas, who instituted a similar type of government- corporatism, populism, cult of personality, etc. Also the matter of his death- by suicide, after an impeachment was also but certain follow his personal security chief attempting to murder a journalist who was heavily critical and killing in the process an Army major who doing his security- increased the cult on his person. And despite the fact that during his government he arrested many communist leaders- including deporting German Jewish Olga Benário, who was pregnant with the child of communist leader Luis Carlos Prestes, to Nazi Germany, where she died in a concentration camp- he's mostly revered on the left, because after he alienated the military for pretty much sabotaging Brazil's WWII efforts, he sided with them. Prestes even campaigned for him for president, if you can believe it.

[@Freshbott2]

That’s a shitshow I’d love a Caspian Report on that.

[@riograndedosulball248]

Prestes campaigning for Vargas is but another example on how there was never integrity on the national left wing And GOD FORBID you call out Vargas for the trouble he caused (most of it still affecting us today, 70 years later), because he's held as a saint on this hellhole

[@marcocappelli2236]

Perón himself despised extremists on both ends of the spectrum, but since he eventually sided with the far left and the leftist guerrillas, he's still loved by the left.

[@nachoqualsevol554]

Peron died more than 50 years ago. I't s time to move on and to cut the crap of blaming him on situations occured long after his death.

[@nachoqualsevol554]

English speaking persons often show this, what i call "the Peronism monster bias"... Logic says, if you have a political force, you can find its opposition. Well, Peron had that opposition, they had their own part of the responsibility in our grim present. FYI: i'm NOT peronist. Just in case. I'm historian and soon-to-be Lawyer in International Law.

[@silvermane5695]

"Ultimately its easier for one to mourn their lost potential than to accept they never had it in the first place" - Damn!

[@yodorob]

There are parallel universes where Argentina is much better off than in real life. I bet many Argentinines would want to move to any of those alt-Argentinas!

[@banto1]

While Argentina has its problems it is still doing better economically than all the rest of South America, all of Africa and many other countries. The question is not why Argentina is not a rich country, but rather out of the 197 countries on the planet, why are there ONLY 37 that are considered developed? Maybe a good economy is the aberration and Argentina is just "normal".

[@maksmaksowski8408]

Argentina is doing better than Chile? 🙂

[@whiteclouds26]

😂😂😂 👉👉 the typical well at least you're doing better than countries in Africa south America actually yes and no