How To Destroy An Economic Giant

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How Argentina became one of the richest countries on earth, only to lose it all.
- Contents of this video ----------------------------
0:00 A Century of Underachievement
4:11 The Land of Silver
9:29 The Power Vacuum
11:16 The Pampas
14:42 As rich as an Argentine
19:30 The Decline of Liberalism
23:46 The Infamous Decade
27:20 The Rise of Populism
29:49 Isolation & Favoritism
36:31 Dynamic Stagnation
42:25 Fear, Secrecy and Sweet money
49:40 Democracy & Depression
57:33 A Nation Trapped by History
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
THIS CHANNEL IS MADE POSSIBLE WITH THE HELP OF PATREON!
Support the channel by becoming a Patron today! / casualscholar
Thank you to the channel's generous Patrons!
Hayden Haun, Emmanuel Fredenrich, Pulaski, A Fan, robin valero
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- Sources used ---------------------------------------
- A Brief History of Argentina by Jonathan C. Brown
- Why Nations Fail by Daron Acemoglu and James A. Robinson
- The Narrow Corridor by Daron Acemoglu and James A. Robinson
- oxfordre.com/latinamericanhis...
- latinaer.springeropen.com/art...
- latinaer.springeropen.com/art...
- web.archive.org/web/201407260...
- latinaer.springeropen.com/art...
- read.dukeupress.edu/hahr/arti...
- latinaer.springeropen.com/art...
- www.nber.org/system/files/cha...
- cupola.gettysburg.edu/cgi/vie...
- www.economist.com/briefing/20...
- www.ft.com/content/778193e4-4...
Statistics from:
- ourworldindata.org/
- tradingeconomics.com/
- www.worldbank.org/en/home
- www.imf.org/en/Home
#Economics #History #Argentina #CasualScholar #EconomicHistory #ArgentinaHistory #WorldsRichestCountry #JavierMilei

[@CasualScholar]

Play War Thunder now with my link, and get a massive, free bonus pack including vehicles, boosters and more: playwt.link/casualscholar2024

[@iignoremywife4this869]

Just so you know, it's NOT for returning players. Haven't played war thunder in over a year. Must be for only new players. Don't waste your time

[@sovo1212]

Lots of inaccuracies in the video. For instance, the nationalization of YPF took place because the previous owner, Repsol, was prioritizing the export of barrels from existing oil fields, instead of prospecting new ones. This policy would've been emptied the national oil reserves quickly if no action was taken. The delayed development of Vaca Muerta is in fact a direct result of private sector mismanagement. Nothing, absolutely NOTHING of what Javier Milei is proposing hasn't been done before in the 20th century. Privatization of state companies already took place in the 1990s, and the 2001 crisis started at least in part as a consequence of this.

[@pat806]

Loved the work you put into this. Could you add the music used to the description or add it here in the comments?

[@tusk3260]

before watching this video i will admit i do not know much about Argentina, but i understand that during WW2 it bet everything on Germany winning the war and when it lost it, the downfall of Argentina began for having been on the loser's side.

[@tusk3260]

At 36:00 The inflation is not caused by printing more money. The funny thing is you already mentioned the cause of this inflation without realizing it: When people dont get paid enough money, they are more careful with it and buy only where its cheaper forcing stores to keep prices low or else they wont sell anything. But when you increase the WAGES people stop caring about being careful and will just go to either the nearest ever tho its twice price of the one further away or they will start wanting the more expensive ones to show off or feel good. By doing this, stores are able to increase their prices and still keep selling and THAT is what causes inflation. Simply printing money wont inflate anything, but giving more money to people without increasing production will inflate it. Even if you start burning money and stop all printing, your money will keep losing value because you are still increasing wages for nothing in return.

[@nathanseper8738]

As one commentator said, Argentina's governments never disappoint in their capacity to disappoint.

[@haiguizeify]

Luckily the commies are out of power so we have a lot to look forward to

[@wotermelon_]

Neither do their uneducated masses. Putting a pet of the elite to power is somehow going to fix all their problems.

[@GrandTerr]

IT WAS NEVER AN ECONOMIC GIANT. I'm so tired of this misconception. It's just like that statement that China was the economic power. Dude, they just had more arable land and people under one government. Don't belittle the word economy like that. Argentina was never innovative, scientific or entertainment leader. Just like India was never a country.

[@SugguSok]

@@GrandTerr La calle más larga El río más ancho Las minas más lindas del mundo El dulce de leche El gran colectivo Alpargatas, soda y alfajores Las huellas digitales Los dibujos animados Las jeringas descartables La birome La transfusión sanguínea El seis a cero a Perú Y muchas otras cosas más

[@elchongo7213]

@@GrandTerrAverage Peronist, denying Argentinians economic success

[@balpreetsingh6834]

There are 4 economies in the world : Developed, Underdeveloped, Japan and Argentina.

[@zephyr_00]

You haven't heard about the Nigerian Economy, have you?😂

[@Chaos_rider_666]

Japan no longer exists in that wierd catagory this was a popular joke in 70s when economists said they don't know why the hell Japan is growing and why argentina is falling, now Japan is in a stagnant position for 2 decades

[@leonardosaffier1705]

No one ever explains why japan and argentina are different, so I'll do it: Japan: no one knows why it's rich Argentina: no one knows why it's poor

[@1wun1]

​@@leonardosaffier1705 Japan is rich because of its lucrative industrial sector and the insane work ethic. Argentina is not.

[@BrianPYL]

@@leonardosaffier1705Super power with currency domination can easily make a country rich or poor, just play with the value your currency and exchange rate of export in trades

[@yurisbest2892]

Take a shot every time the military overthrows the government

[@JRAS_]

*dies of alcohol poisoning*

[@Zelein]

But I want to live

[@agmuntianu]

and smoke a joint very time they go into default :)

[@Fx_-]

I don’t drink poison like monkies.

[@whohan779]

@@Fx_- Interesting comment, considering (actual non-human) monkeys actually get intentionally drunk sometimes.

[@salvadorzorraquin8864]

Bro I'm from Argentina and I have to say this is a better summary of our history than what we currently get in almost any highschool. Thank you.

[@yaimavol]

That seems to be happening everywhere. You would be shocked at how bad the schools are in the US now. Graduates can't even read much less know any history.

[@salvadorzorraquin8864]

@@scottrondaadey7214 true there is more information now than when you were in school so that SHOULD happen and probably does in your country. But if you saw the international exams on our children right now in Argentina it's depressing.

[@salvadorzorraquin8864]

@@The_Empty_Box nop.

[@BirthingBetterSkills]

I have a question. The commentator talks about Argentina's phenomenal development then skips to 'bankruptcy' without giving a cause. What caused the Argentinan economy to fail?

[@salvadorzorraquin8864]

@@BirthingBetterSkills did you skip the while video? If not, in wich year did he skip?

[@pabloolivero2783]

Im Argentinenan. I was born in inflation, you merely adopted inflation. I was mold by it, shape by it...

[@hillfortherstudios2757]

Out of curiosity, do you end up doing most transaction in a foreign currency in Argentina? Usd or euros or the like?

[@juanps2721]

@@hillfortherstudios2757 The legal tender is the argentine peso, big purchases like homes are often priced in usd but daily transactions are made with pesos

[@kevinmiles5857]

​@@hillfortherstudios2757 People don't use foreign currency to buy common goods like groceries, but they choose to save in it as it loses less value over time. Foreign currency is also used to buy property, or imported luxury goods. The preferred foreign currency is the US dollar. Argentina is one of the countries that holds the most USD in the entire world, outside of the US. This comes out of estimations done by several economists, as most of this money is privately owned and hidden away from the government.

[@pabloolivero2783]

@@hillfortherstudios2757 the more valuable, like cars and houses.

[@hmu05366]

😂😂😂😂😂😂

[@Shadowgunner785]

I have watched many videos talking about argentinas story of going from riches to rags and trying to compare them to my experience living in Argentina and the history I learned in school there. All I have to say is this video not only met my expectations but exceeded them 10 times over. It explained history going back to the colonial era which no one does, it went into vast details about how powerful the elites of Argentina were no matter how many times power switched hands, and it even explained so many factors that my argentine professors ignored when I was there. This is by far the best video on Argentina's economic woes I've ever watched.

[@wotermelon_]

Of course it's the best video, it's long and detailed and unlike even some other big economics channels doesn't try to milk the Argentinians hobby of defending their fascist leader.

[@user-no1hg3em1v]

⁠​⁠@@wotermelon_ Fascist leader? 🤔

[@jstantongood5474]

Yeah. Public schools are never going to teach an objective accounting of history. Only an outsider will. Every other country is the same. National history as taught in public schools is basically a new version of mythology.

[@boomerzoomerfigureitout3806]

@@wotermelon_ ahh yes all those fascist governments that champion social justice right?

[@ThoughtEnjoyer]

That's because Casual Scholar is truly passionate about the subjects he covers and wants to educate the world on historical successes and failures.

[@DMR_MAK]

“[The cure] remains largely unpopular.” Yeah, Bryan Caplan has an interesting theory on this phenomenon; The Myth of the Rational Voter.

[@the_real_ch3]

Jefferson stated it well in the Declaration of Independence “Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.”

[@DCFunBud]

What a Herculean task to tell Argentine history in one video!

[@vezax8505]

It’s extremely over-simplified tho.

[@GA-gd3wi]

And biased too...

[@locuacidadsindiluir1696]

..and WRONG, from the get go, too.

[@ickebins6948]

@@locuacidadsindiluir1696 You're free to point out the errors. Would be great to get another view.

[@locuacidadsindiluir1696]

@@ickebins6948 The statement "SPAIN´s TYPICAL STRATEGY OF ENSLAVING....." was the only thing I needed to hear to stop watching the vid.

[@wvulture]

As an Argentine, I've seen dozens of videos talking about the decline of my country, none of them explained it as good as this one. Milei is particularly popular among young people like me. Learning about the continuous, unending economic cycle our country has suffered during its almost entire history, Milei emerges as our last hope to make our life in Argentina and not separate us from our family thousands of kilometers away, most probably, in the land of our ancestors as many of us also hold european citizenships. I myself, took a plane a few months ago with the idea to start a new and better life in Spain (planning to move to another country like Netherlands later) but the idea of watching my grandparents aging through a screen knowing I could see them only once a year (or two), the immense pressure of having to economically support my mom and learning to live a independent life in another country, the crazy renting situation going on in Spain and being separated with my girlfriend and friends, among other things, hurt me so much that I decided to return, even though I planned that whole project and worked day and night to make it right for 5 years, while the average salary was 200 dollars per month. I truly hope Milei succeeds. I don't want to go through that kind of pain again.

[@juliohidalgo811]

Milei está acelerando la destrucción y hundimiento de argentina...

[@taranullius9221]

Young, d*mb and full of fash-is-m.

[@Rabbinicphilosophyforthewin]

Milei’s success depends on the success of every individual, so I truly believe his project of minimal govt is the best way. However, I’m also nervous since many of the founders of my country (USA) made the point that allowing citizens of a country to maintain very high levels of personal freedom can only succeed if there remains another, higher authority to which the citizens are accountable. “Our Constitution was made only for a moral and religious people. It is wholly inadequate for the government of any other.” -John Adams I’ve spent a lot of time in conversations with libertarians and somehow the discussions always turn religious. It’s as if, in the theorized Ancapistan, everyone wants maximal freedom but they also instinctively know they can only trust another person who subjects themself to a higher moral authority. How do I know you’re not going to do me harm, fellow citizen? Either the govt restricts your freedom to enact violence (*and no one wants that because then the govt is violent*) or you willingly submit your own freedom to an external ideal authority, and then we can cooperate peacefully. There’s also a problem in Ancapistan of the progressive concentration of capital in fewer and fewer hands, but as we saw in this video, that’s been happening in Argentina for years. And wealth concentration is secondary to the moral problem. I wish you all the very best, I really do.

[@zenden6564]

Best wishes for your future sir 🙏 🤲

[@alexlents4689]

I was beginning to wonder why you hadn’t uploaded in several months, and that when you did finally did upload again, the video being over an hour would mean it had a lot of padding, but now I understand. Mfg what a messy story! I already had a basic understanding of many of the really big events over the last century, like the unbelievable success up until the Great Depression, Peron and the extreme instability, the antics of the 1976-1983 dictatorship, Alfonsi and the return to democracy/political stability, and a little bit about the crisis of the last few years, but as usual, you put it and much more all together to paint a picture I hadn’t really considered before. Very well done!

[@DroZzhat]

I have zero interest in Argentina, and I have no idea why I watched this, but I did, start to finish. Great video!

[@itsjordo]

We can always learn something from history!

[@ElFranches]

As an Argentinean myself, watching this video hits close to home. It's both heartbreaking and enlightening to see our country's complex history laid out in such detail. We've experienced the highs of prosperity and the lows of economic turmoil, and it's crucial to acknowledge and learn from both. Despite the challenges we've faced, there's a resilient spirit among us, a determination to rebuild and thrive once again. This video serves as a powerful reminder of our past, but also ignites a sense of hope for a better, more stable future for Argentina. ¡Vamos Argentina! Juntos podemos superar cualquier desafío.

[@theultimatereductionist7592]

"no one trusts the government" would mean NOBODY TRUSTS BELIEVES THE POLICE or COURTS or JUDGES and thus everybody would BE AN ANARCHIST. "No one trusts the government" means in a conflict between environmentalists vs the government or climate activists vs the government, everybody would side with the environmentalists and the climate activists and minority parties like the Communist Party and ANY TRUE contrarians to the status quo. Stop throwing around MEANINGLESS BULLSHIT GENERALIZATIONS like "no one trusts the government" unless you are prepared to LOGICALLY FOLLOW THROUGH to the LOGICAL CONCLUSIONS of such generalizations.

[@benedicttv5058]

Keep on dreaming! Any country that has been a Spanish colony is bound to be like this.

[@radidov5333]

like chile and uruguay? @@benedicttv5058

[@geo77sand]

I feel for you. My home country, Mexico, has also gone through very rough time. And even if today it has a very stable economy and relatively health GDP I am so afraid to go and visit because of its terrible security such as rampant violence (narcos, cartels, and so on). Very sad.

[@geo77sand]

@@benedicttv5058 I don't believe it's 100% true. Look at Chile. Despite its past historical turmoil Chile has become of of South America's success stories!

[@user-hd4jc1ct8q]

Nothing casual about this presentation. It is an extraordinary summary of Argentine history and its economy. Bravo.

[@ROXANNE708]

I agree 100%!

[@newforestpixie5297]

i never studied socioeconomic or political stuff in depth & this video is the most astonishing history lesson containing relentless mis-organisation of a gigantic famous nation I think I’ve ever learnt from a screen since first noticing tv in 1969. I’d be amazed if a single Argentinian person ever died of the effects of boredom given the potentially lethal effects surviving daily amidst emotional uncertainty for the future let alone baggage of previous upheaval or worse…. Best Wishes to them from AW England

[@JLchevz]

The answer is that Argentina was neither rich nor advanced. Some people were rich, but because they controlled those key exports, and it was never advanced because it has never been a hub for technology and value adding industries.

[@kevinmiles5857]

You've done a great job summarising the history of Argentina, far surpassing more popular channels and even news outlets. As an Argentinian, I wish to recognize your effort in researching the history of the country in order to produce an accurate explanation of the events that got us to this point.

[@juancruzmarques2106]

The most accurate historical take on Argentine history there is on KZbin at the moment and for a long time if not for ever. Great video! Met my expectations and surpassed them many times over.

[@ROXANNE708]

Agreed! 👏🏻

[@meowtherainbowx4163]

Milei seems like quite a character, and I'm not a libertarian, but this video does a great job of laying out why many Argentinians would look to a libertarian leader to fix their issues. Many of the common themes in this history are also libertarians' favorite enemies: inflation, deficit, and inefficient state-owned enterprises, just to name a few.

[@aridianknight3576]

Too bad his policies directly lead to another 50% inflation of the currency which the poster of this video conveniently glossed over. Or that opinion on milei has soured a ton after he took office

[@AgentOffice]

Right wing trash

[@nilkonom]

@@aridianknight3576 he just adjusted the pesos value to its market value (dolar blue) and not the fake central bank rate no ordinary person could even get

[@meekmeads]

Afuera!!!

[@lucastaborda6321]

​@@aridianknight3576 Where did you hear those things? Neither of them is true. If you are talking about the devaluation that was done, it did not generate inflation. Inflation was at a monthly rate of 30% when he took office and the last measurement was 13% (The first time in many years that Argentina's inflation has dropped).
And his supposed drop in popularity upon taking office is not true either; just last month he fell to 50% and he remains the politician with the greatest positive image in the country.

[@josron6088]

Amazing. Decades doing the same thing over and over again. WTF ???.

[@MephiticMiasma]

Human nature, sadly.

[@josron6088]

@@MephiticMiasma It's really sad.

[@SimplementeDamian]

La sociedad argentina tiene un cáncer llamado peronismo, por eso

[@Kangaroojack1986]

It's like some cities in America, doing the same thing for decades and just getting worse and worse.

[@JustinPratt1]

​@@Kangaroojack1986not some cities, the country as a whole has been functioning on a non-sustainable economy for decades. Over spending combined with trickle down is going to catch up soon and the pain will be pretty bad.

[@gianb3952]

As an argentine I always click on these overviews of Argentina’s political and economic history and this has to be by far the best researched and most complete one I’ve seen to date. Great job! I’m 21 so I never lived through the worst times in our history. Nowadays there’s no war, no dictatorship, there’s free speech and so on.. But still, looking at history it feels like we’re a uroboros, just going in circles eating our own tail. If Milei can’t produce results in his term and becomes another corrupt failure and the same old kirchner dynasty gets back to power I’m done hoping. That will be the signal that we’re trapped in an actual endless cycle of mediocrity and failure.

[@AboveBoardAndBeyondControl]

Well said!

[@SuperDirk1965]

Milei will only make things worse, far worse.

[@busonkey4413]

​@@SuperDirk1965leftie American?

[@SuperDirk1965]

@@busonkey4413I object to the insult of being called American.

[@The_ZeroLine]

@@AboveBoardAndBeyondControlWhen are these stories about people who would be footnotes going to start being told?

[@MikePhillips-pl6ov]

I was going to comment on how awful the Argentinian leaders have been, but in recent years my country has had Cameron, May, Johnson, Truss, and Sunak. A sorry stream of substandard politicians. No moral high ground to shout from!

[@Triple5live]

Yes true. But they’re nothing compared to these clowns. The British people are civil and master managers.

[@zenden6564]

And that's how you grind a great country to dust. But Britain had many bad leaders since WW2, you left out many, atrocious Labour PM's.

[@whowhy9023]

Starting a war with Thatcher 😂😂😂 The ultimate case of mistaken identity… 😂

[@iandurie8580]

The Chileans say God created Argentina he made a fertile land with a good climate and abundant riches. The Angels complained that the land was too blessed. To which God replied you have not seen me create the Argentines then!

[@leosaucedo]

Thought this was said about Bolivia

[@iandurie8580]

@@leosaucedo Chileans told me that joke in the 1970s when they were political refugees from Chile, and worked with me in a factory.

[@HelmutEvrard]

Of course it is a joke, basically saying how arrogant Argentineans are 😂😂

[@daramckeagney793]

There’s a version of this joke all over the world, in Ireland it’s made about counties Cork and Kerry

[@coujo65]

Another thing Chileans say about their neighbour: Argentinians are Italians who speak Spanish who want to be English. PS Respect to Argentines good luck, you’ll get there. ☮️⚖️

[@markedwardmarshall]

You have boiled down a four month course of study to a single hour. My deepest respect, sir!

[@andoletube]

Watching this video was like watching a skit with Bob Hale from Horrible Histories - "but not for long!". Disaster after disaster.

[@dannydanny865]

😂damn went hard on Argentina in the title

[@mostri28-]

As an Argentine myself, I ended up with a tear on my cheek, as this country has all the resources to prosper but lacks the necessary mindset. Personally, as I near the completion of my engineering studies, I hope to leave this place in pursuit of a better quality of life. However, in the meantime, I sincerely hope that Milei can bring about positive change in this country. This video summarizes very well all the systemic problems that keep Argentina in the same situation repeatedly. Thank you for creating such a valuable piece.

[@ROXANNE708]

Well said. Praying for Argentina! 🙏🏻

[@erwinlee2842]

U need lesson from the east not the west. Oh and praying doesn't help.

[@ROXANNE708]

@@erwinlee2842 🙄🙄🙄

[@rizkyadiyanto7922]

what resource? arabs have 1000x more resources than argentina.

[@senamy424]

Don't abandon your mother country , you will regret such a move , your soul wasn't born to migrate .

[@Vocatus2222]

This was outstandingly informational. An exceptional video. My wife's family immigrated to the US from Argentina in 1980. My father-in-law was in charge of Fiat sales in the country and after his office was targeted by guerrillas and his colleague was assassinated that was the last straw. My brother in law and his wife still live there so I am hopeful that despite the ten percent cohort in the congress, this new president can carry on with the reforms.

[@Gamebug19922]

Suprised I watched it all. Argentina sure is a economical roller coaster of a country, If i learned anything it gets good then it goes horribly wrong when corruption becomes maxed out.

[@paxwallace8324]

I lived and played Jazz piano in Copenhagen for 6 years ending in Dec 2021. During that time I met many young people from Argentina, they were educated cultured and appreciated instrumental music, so I often found myself in conversation Argentinians. They are seeking options beyond their once prosperous homeland .

[@tommyboman7735]

Argentinians vote socialist over and over again and expect different results. And when nothing works out, as it never will since they vote socialist, they leave the country for other socialist countries. What a bunch of morons. Thankfully they seem to have got to their senses lately and elected the only alternative politician in the world.

[@kevinsmith5287]

Excellent video. Corruption as a way of life leads to the problems Argentina has. Happens in every country where those in power use their power to steal from the populace. Bribery as standard practice, theft of state owned assets, theft from the populace, violent oppression of anyone who stands in the way of the criminal elite:- the elite of a criminal society can look rich and successful while the base of the real economy is being destroyed. Note: The theft of state assets is often disguised through layering and placement similar to money laundering, eg "great deals" for buyers of public assets with kickbacks to the politicians who are being used as front men. The violent oppression is often presented as law enforcement. When not done directly at gunpoint, the theft from individuals can be disguised as economic misfortune, emergency taxes, punishment for crimes, or confiscation of assets alleged to have been associated with the commission of a crime etc.

[@TiberianFiend]

This is the only comprehensive video I've seen that fully explains Argentina's economic situation. Thank you.

[@communityteacher550]

Reminds me of Goodfellas you see it coming through the front door but its going out the back door. Running up a bunch of debt and then burming the place down.

[@badraxs2920]

59:25 Trust me as an Argentinian blackouts are very common even more common in the summer whrn energy consumption sharply increases with temperature one time with about 30-35 °C for about all midday there was no power we suffered that day, and i am from the middle class

[@dizzxk1]

I live in Neuquen and we didnt ever had a unscheduled blackout. And we are on the same country

[@badraxs2920]

@@dizzxk1 i live in southern Cordoba and they are terrible in the summer, trust me. You because you live in a colder area but in here in summer it is around 25-32°C and everyone uses air conditioning

[@danieldale7320]

Thank you for an explination that doesen't start & stop with Eva Peron.

[@robertviragh6527]

❤ - The longest YT video (1 hour) I've watched in a while. Many historical clips inside first half. Many maps, many economics charts. - I then spent 2-3 hours reading and liking over 1,000 top level comments. All high-quality. - Comments showed that absolute experts suggest going even deeper by reading deep books on the subject. - One mentioned the disparity between spending 80% of the video on 80 years leaving just 20% of the video (12 minutes) on the remaining 80 years. - One commenter said that this was too MUCH history, that these author went back too far. - Another pointed out that this was like reading all of the Wikipedia page. Which is actually the highest form of praise that can be said for the KZbin video about the history of a whole country's economy. A few people pointed out the lack of native pronunciation of the names, however the video was in English so I think this shows that those commenters had no more fundamental objections! Overall, watching this as someone who had little prior knowledge of the history of Argentina besides the general knowledge everyone has about its hyper inflation, I think I learned a solid lesson in its history. Thank you so much for producing this video, which also included many important clips which served as primary sources. It was a solid introduction to the entire economic history of a country. I don't think I have the patience for another 1 hour introduction like this but it was an amazing overview. Three commenters even rewarded this massive work with monetary tips ($2-$15). It is the first time I have noticed anyone do this in the past 10+ years I've watched KZbin (I am not sure how long the feature has been available.) This is one of the top videos ever produced.

[@ROXANNE708]

Great comments! I agree! 👍🥰

[@AboveBoardAndBeyondControl]

Agreed! And great, comprehensive review!

[@dimik3855]

As someone not familiar with Argentine history that was a lot of information, not necessarily fast-paced but unrelenting. I will have to watch this video a second time to recap. It is the election of Javier Milei that brought me here. His sensationalist shock therapy may or may not succeed, but many are hopeful of his efforts. After 4 months of upheaval and more uncertainty, will Argentina survive? The fact that he has estranged himself from the LATAM movement and has raised the salaries of the ruling government may be a mistake. The next 2 years may get unbearably harsh.

[@samelioto476]

If he raised govt salaries, he's not a Libertarian.

[@circelucia6530]

He did not raised them, in fact he tried to stop deputies and senators from raising their salaries. But take into account inflation, though it's currently descending, in January was 20%, feb 13%, mar 12%, april... will see

[@reddixiecrat]

Been waiting on this video for a long time

[@Marcoisen]

I had chills and goosebumps throughout all the video and now my eyes are all watery after watching. This video is perfect, every topic is told and developed with an incredible accuracy not a single argentine historian has ever been capable of. I already knew everything told in this documentary but hearing and watching it all at once so well compiled and narrated by a foreigner makes me truly realize like never before the absolute tragedy that our country is. Thank you for your work, this material you've made should be translated and shown in every single school in Argentina. May God help us. As you also told and for obvious reasons, every young men and women with some kind of college degree, decent level of english and the luck of having european passport becouse of their ancestors are all planning to leave the country if not already did.

[@ROXANNE708]

What a truly amazing comment! I’m sure @casualscholar will appreciate your thoughts and opinions. It must have been painstakingly researched and expertly presented! 👍🏻👏🏻

[@imanoldurham5395]

There are 4 economies in the world : Developed, Underdeveloped, China, and Argentina.

[@zeroconsequences]

I don't recall it being mentioned, but it can't be overstated how the US repealing the Sherman act in 1893 effected silver-based economies around the world. Argentina was negatively effected by it and lost a lot.. more than I had known!

[@pdraggy]

So when Eva said 'don't cry for me Argentina' Argentina said 'don't worry I won't'. (ok I quote the movie and song by Madonna lol but)

[@joebudi5136]

No.clue how I spent an hour learni g the entire financial history if Argentina up until today. Wow.. what a ride that wS. Thanks to all in its productkon.

[@bmunson4920]

It’s called believing in your own positive self assessment and giving yourself a big raise. Canada is well on the same path for this century.

[@nawafdreams]

🎯 Key Takeaways for quick navigation: 00:01 *🗳️ Javier Milei's unexpected victory in Argentina's 2023 presidential election* - Milei's rise rooted in rejection of ruling politicians and nostalgia for Argentina's bygone prosperity - Argentina's transformation from economic powerhouse to sovereign bankruptcy 00:56 *🌾 Argentina's agricultural golden age in late 19th/early 20th century * - Fueled by vast fertile Pampas region and European immigration - Became world's top exporter of meat, grains; attracted huge foreign investment - Economic boom raised living standards, modernized Buenos Aires 02:21 *🤿 Roots of Argentina's decline traced back to colonial era* - Colonial economic system designed for Spanish elite enrichment, inequality - Rampant smuggling due to trade restrictions 04:39 *🥩 Rise of cattle ranching and meat exports after independence* - Labor shortages led to high wages, workers' insolence - Alberdi's plan: mass European immigration, foreign investment, railroads 07:29 *💸 Widespread corruption facilitated by illegal trade* - Spanish officials complicit in smuggling for personal profits - Buenos Aires became busiest port despite trade restrictions 09:18 *⚔️ British invasion of 1806 catalyzed independence movement* - Creole militia defended Buenos Aires, exposed Spanish weakness - Led to overthrow of Spanish rule, civil wars among caudillos 13:24 *🚂 Implementation of Alberdi's economic blueprint after unification * - Mass European immigration, foreign investment, railroads construction - Fueled extraordinary agriculture-led economic boom 19:22 *🕰️ Seeds of eventual decline planted amid the prosperity * - Benefits concentrated among elite, inequality persisted - Economy remained underdeveloped, foreign-controlled 22:28 *📉 World War I disruption led to Radical Party reforms* - Economic crisis enabled Radicals' electoral victory in 1916 - But failed to significantly alter elite's economic dominance 25:16 *🇬🇧 Great Depression forced concessions to Britain* - Argentina sacrificed economic autonomy to protect elite interests - Shift to import substitution industrialization (ISI) began 29:27 *alias J.P Perón's rise amidst working class support * - Released from prison after mass demonstrations - Elected in 1946 on populist, pro-worker platform 31:42 *🛡️ Perón's state-led economic transformation* - Nationalized industries, expanded welfare, workers' rights - But policies redistributed profits via political favoritism 35:49 *💸 Funding Perón's programs led to budget deficits, inflation* - Money printing to cover shortfalls diminished real wages - Sparked unrest, 1955 military coup against Perón 37:13 *♻️ Cycle of economic stagnation after Perón's ouster* - Reluctance to overhaul his economic model persisted - Led to recurring deficits, devaluations, presidential instability 39:22 *💣 Rise of guerrilla movements and violence in late 1960s* - Montoneros guerrilla group's kidnappings, bombings destabilized Argentina - Government forced to allow Peronist candidates in 1973 election 40:44 *👑 Perón's return to power in 1973, but brief economic revival* - Perón won 1973 election after massive airport welcome rally - Dismissed Montoneros, imposed price controls amid initial recovery - But died in 1974, leaving weak successor Isabel as president 41:36 *🔥 Violence, economic crisis during Isabel Perón's presidency * - Montoneros' attacks, disease outbreak, Arab oil embargo - 600% hyperinflation led to military coup in 1976 43:01 *🔓 Military dictatorship's economic liberalization attempts* - Opened economy, deregulated, allowed foreign borrowing - But rampant spending, cheap loans fueled imports surge 46:15 *💀 "Dirty War" atrocities under military junta* - Up to 30,000 murdered targeting guerrillas, dissidents - But economy unraveled as debts mounted, commodity prices fell 49:27 *🗳️ Return to democracy in 1983 after Falklands defeat * - Military discredited after invading Falklands to regain support - Radical Civic Union's Raúl Alfonsín won first free election 50:19 *💸 Failure of Alfonsín's economic stabilization plan* - Introduced new currency, price/wage freezes but structural flaws remained - Efforts undermined by bloated public workforce, lack of tax enforcement 52:05 *🔄 Menem's neoliberal reforms and currency peg* - Privatizations, deregulation under IMF-style shock therapy - New peso pegged to US dollar via currency board 54:51 *🕵️ Growth amid continued corruption under Menem * - High growth, low inflation but layoffs, deindustrialization - Menem allies enriched via dubious privatization deals 56:14 *💥 2001 economic meltdown and sovereign debt default* - Currency peg failed, deposits frozen, debt default of $132 billion - Economic depression, poverty surge ended "wealthy nation" status Made with HARPA AI

[@HarishIyer21]

It's interesting to see that we get into the details of the story only when the timeline reaches closer and closer to present day. In a way things in this world are going on just like they have for thousands of years. We tend to pay more detailed attention to things near to us in time and space. True knowledge is knowing that everything comes and goes, rises and falls except this pure consciousness that observes all this drama forever.

[@VibnWavez]

So Leo Dicaprio is actually rescuing those hot 22 year old Argentine models 🤣

[@joelspaulding5964]

Lord's work.

[@josebonito6013]

What an excellent essay on the economic history through the years. Though I’m sure supporting video images are scarce and some of these are more generally depicting current historical passages through images, you’ve done a lot with not much available , as far as moving images go. Does anyone know what the background music is from, or who’s the artist??

[@circelucia6530]

Excellent video! Congratulations, you've managed to comprise my country's history very accurately. Thank you 👏👏 I dearly love my country but it's a mess, I wouldn't flee, but I understand those who do. There's nothing that could get us by surprise by now. I hope with all my heart Milei succeeds 💪🇦🇷

[@gavinritz6981]

Argentina has a bottleneck that it can’t escape from. High dependency on few resources controlled by few, with high levels of corruption. Ultimately a successful economy must be diversified, easy to form businesses, the backbone of a successful economy and fair taxation not corrupted. The governments job is to facilitate this commercial situation with infrastructure, education, and sound financial systems and supporting many industrial sectors. It remains to be seen if they can get off their mental drugged state, which impacts their power structures and everything else.

[@robertviragh6527]

>"It remains to be seen if they can get off their mental drugged state, which impacts ... everything" I hope so!!! There is so much potential and drugs bring it all to slums of 0 except welfare or unemployment and bread lines. A man can do more in four hours without drugs than two weeks on mental drugs. Here's hoping!!!! Source: currently on mental drugs with economic output of $0. Was supposed to start a job two days ago but could not due to mental drugs. Not anyone's fault, just a fact of the country I'm in! I believe there is work and justice available if I can get out of the drug industry. Don't need it and don't want it. I go to my psychiatrist once a week voluntarily, she helps me solve my problems like a pro. Thanks for cheering for me, I cheer for you too and still have hope for great things for us both.

[@carlramirez6339]

TL:DR By failing to develop sound foundations, it was inevitable that Argentina's prosperity couldn't be sustained.

[@dmitripogosian5084]

Exactly, it was a one off success of a new resource rich country

[@Benzi514]

And what do they do? Elect a radical that promises swift and radical remedies. But I am sure this time it will work out.

[@eag8999]

Tl:dr socialism/communism kills economically and civilly

[@chuckschillingvideos]

@@Benzi514 So it is radical to suggest that a nation will prosper by instituting economic and personal freedoms? Good to know.

[@SepticFuddy]

That's a horribly vague and useless summary, frankly. Here's a better one: "Over a century of various forms of power-buying in lieu of organic development has made Argentina's economy a repeated, consistent cycle of bubble-then-bust disasters created by endless layers of financial duct-taping."

[@2006gtobob]

Burning that $100 bill cost the filmmaker about $23 of 2020 dollars.

[@Uttrediay]

Before WW2 it was possible to get rich on raw products, afterwards it was not. Something happened, I don't know what.

[@belthesheep3550]

It is still possible to get rich on raw products, what happened is people started relying more and more on government intervention on the economy, which has been making such resource exploitation less efficient because of regulation.

[@Maruwasa]

The trick was Perons temporary strategy to be adjusted to a new structure over 10 years as fast as possible. The issue is Argentina sees to hit on great ideas then hold on to them beyond expiry date like a frog in water that gets hot gradually until the system collapses - and we are there again - Argentina needs to be a jumper that knows when to jump and where to jump to ride the next wave when the current ones reaches it sell by date. Anyway hopefully they will figure this out this time round. And learn to use its neighbor hood as well as a place to earn and not obsess with trade only with the global world

[@stephenheath8465]

It seems that Peron had good intentions,but he was way over his head and that is the problem with Populist Politicans

[@SepticFuddy]

A solid economy is not the result of hopping from one gimmick scheme to the next. It is simply leaving the economy alone to develop itself according to peoples' needs, rather than trying to gain and maintain power off the backs of one group or another. Peron was a cheap opportunist with a cult of personality, same as any other dictator.

[@applejuice3772]

could you imagine how world politics would've changed if Argentina was still a powerhouse?

[@jaad9848]

How would they still be a powerhouse? Their strength was agriculture. Name a top 5 economy (powerhouse) with this strength?

[@fabriciomarques8663]

​@@jaad9848 China USA

[@3rdman99]

​@@fabriciomarques8663 China and US are not economic powerhouse because of agriculture.

[@Potent_Techmology]

you're right, China's ag sector is insufficient and thus the country is still underdeveloped @@3rdman99

[@noneyabizz8337]

Honestly? No. I can't imagine ant of South America getting their stuff together enough for that to even be an option.

[@Tomi-wp6ju]

One of the best foreing videos explaining my country's story i've seen

[@garyclark979]

When I was a kid, my teacher told us that Argentina was going to become the United States of South America. It is shocking what has happened in the over fifty years since I heard this statement.

[@ssgtmurphy4323]

If Trump's 2024 election is stolen by Biden, then the US will become the the Argentina of North America. 55% government workers, 25% on the dole and 20% workers.

[@2msvalkyrie529]

In the not too distant future the United States will be the English speaking version of Brazil . ( English and Spanish ! )

[@CC-gu3ze]

I wish so much of this did not sound so eerily familiar in 2024 USA.

[@Edward_Plantagenet]

It’s actually Sir Popham Hulme, he devised the signalling system used by Nelson at Trafalgar

[@user-tg8sb2zd8v]

Visité Buenos Aires hace unos años, una ciudad increíble, hermosa, cosmopolita y con una gastronomía maravillosa. Como latinoamericano, apoyo la recuperación y el éxito pleno de nuestros hermanos argentinos. ¡Saludos desde Brasil!

[@juanussher5243]

Excellent video. And most of the analysis rings true to me. However, I'd like to remark on two points: 1. You emphasize the fact that wealth was constantly accumulated in an elite class. And also land. It is important to delve into the land issue. The westward expansion of the US was driven by the promise of individual ownership of land. The government granted you land so you could work it. Thus, land ownership was distributed, generating and attachment of people to land. However, no such process happened in Argentina. When land was allotted to a select class the vast majority of workers had no sentimental attachment to the land. So when the tough times came or industrialization made handwork obsolete, the workers had no incentive to stay around the area and develop new economic activities. They flocked to the big cities: Buenos Aires, Córdoba and Rosario. And the vast interior of the country was left desolate, with weak regional economies. Restricted land ownership led to unequal demographic distribution. Coming into the 20th century that severely limited the human potential of Argentina. This unequal distribution still generates social and economic problems for Argentina. There exists a us vs them mentality between Buenos Aires and the interior. Wealth accumulates in the central government and is redistributed among the provinces. The province of Buenos Aires, by far the most populous, sways presidential elections because we have a popular vote system (not an electoral college one). This creates political pressures to favor Buenos Aires, generating resentment in the other provinces. 2. The Dirty War (as is called in the English speaking world; we call it the Process or The Dictatorship) was a low point in our history. A civil war were no one fought with any honor or regard for the innocents. The military committed atrocities, disappearing people, throwing them from planes, stealing babies. The guerrilla bombed innocents, committed acts terrorism, kidnapped people. No good guys. Even so, the prevailing narrative about the amount of people killed or disappeared by the military is misleading. The exact number is impossible to ascertain. However, even the highest estimate by foreign intelligence sources place the number at 22k. The official report from the CONADEP (the commission tasked with investigating the disappearances, integrated by mostly independent and left wing individuals) stated that the number was less than 10k. No one is entirely sure who came up with the 30k. And it might be a reasonable number. Labraña said he invented it as a political necessity and an individual close to Bonafini said she invented it from whole cloth. All this before the foreign reports were declassified. Excellent video nonetheless.

[@brunomartinez684]

Just wanted to add to the last point: The number of forcefuly disappeared people meassured by the CONADEP in it's first report was lacking years of evidence and was done in less than a year. It's not a trusted source of truth given the lack of real registries available. Many people feared the retailiation from the government and didn't report everything, also considering that the dictatorship decimated the people surrounded by those disappeared (friends, family, coworkers, etc). In the aftermath of the "Dirty War" many people came forward with things they witnessed and even today there are many cases of crimes against humanity being investigated. Cables from the USA as you mentioned, estimated the number of dissapearences in 22k JUST by 1978 (2 years after the dictatorship started and 5 more to go) so taking those numbers into consideration, wouldn't be a wild guess to just only have 8k more after 5 years, and could even be more. The 30k number is not a certainty and definitely not a maximum, as you said, it's a political statement. Keep in mind, during this process many people were forced to sell their properties to businessman associated with the dictatorship, pregnant mothers kidnapped by the regime were separated from their babies and them SOLD, waterboarding tortured, and thrown out of planes whilest being drugged. The whole number also includes this cases which the CONADEP didn't.

[@frustrateduser9933]

You added important details that usually get overlooked, intentionally buried or lied about.

[@pauloakwood9208]

I think the writer of this response meant 'invented' noy 'invited', but his meaning is still understood, and his observation on land is relevant.

[@juanussher5243]

@@pauloakwood9208 I did. LoL. Thanks. I edited it now.

[@user-xh2yg4uv9q]

Long wtory short: They had a commodities boom then proceeded to make terrible choices for the next 100 years. Tue end.

[@ericdanielski4802]

Nice video.

[@user-xq1wz3tp5z]

In elementary economics class ca1972, Argentina was held up as exemplary for inflation, then about 2000% per annum. To their credit, they turned that around for a time. Bush(41) Treasurer Paul O'Neil quipped that the problem was 'inadequate exports'.

[@cargopilot747]

At 1:16 -- meteors don't rise; they fall. So the "meteoric rise" occurred in the 1960s, when the country declined quickly.

[@o00nemesis00o]

dictionary

[@mandos1139]

One of your best videos I’ve seen.👍

[@daniel-ino]

Sl many parallels with Italy. A culture of (short term) Leaders unable to push through umpopular opinion

[@Benzknees]

As 2/3rds have Italian origins, the link is perhaps unsurprising!

[@lozoft9]

A lot of people think it's as simple as "communism vs capitalism" but Argentina had this weird mix of ideologies that didn't really fit any of the familiar molds. The most popular one and the one that "broke" the country is called Peronism, and it was a weird mix of labor unionism, fascism, and capitalism, and it positioned itself against both communism and capitalism. Ultimately, though, the main problem with Argentina in the 20th century was its embrace of a "benevolent" authoritarian who reoriented the state to serve himself and his cronies, family, and proteges. If Argentina had gone the way of the Nordic social democracies, I don't think it would be in its current situation, but at the same time, Argentina had so much inequality at the time that it's hard to imagine that social democracy would've been possible. The Nordics adopted social democracy b/c their countries' economies had been deeply affected by WWII and their inequality dropped as a result making support for reform of capitalism more popular than complete revolutionary overhaul. That never happened in Argentina.

[@nicolasgrippo]

Great video! I left Argentina 12 years ago, and I'm not sure I'll ever go back. I hope I can see some change in my lifetime.

[@AlejandroGarcia-tw9oj]

Masterfully done; clearly explaining the problems and obstacles in Argentina, but also, in other countries in South America.❤

[@blairmcfarlane2669]

You know it's a good day when casual scholar drops a video

[@karma3101]

An hour very well spent. I look forward to more videos.

[@teoteous]

I was watching this a bit sleep deprived so my capacity to think was limited but as I listened to the country's early history I felt an undefinable sense of foreboding that grew as history marched on.

[@Anti-CornLawLeague]

I’m so glad a real hour long documentary on Argentina’s economic history is up. BadEmpanada’s was so misleading.

[@MateusChristopher]

Loool he's an angry internet man. U have to take his words with skepticism

[@Anti-CornLawLeague]

@@MateusChristopher “Argentina never industrialized before the 30s. I’m terrible at Argentine economic history.”

[@alanywalany6460]

​@@Anti-CornLawLeagueProve it lmao. Where's your proof that Argentina was an industrial economy?

[@alanywalany6460]

​@@MateusChristopher Facts do not care about your feelings. Prove him wrong. Go on, provide substance

[@NeepsHD212]

@@Anti-CornLawLeague Argentina was by no means industrialized by the 1930s. It had many industries, but they were mostly foreign owned. There were almost no major industries based and owned by argentines, until the 1940s-50s. Industrial GDP only surpassed agricultural GDP in 1943, which is like 100 or 150 years later than every industrial nation of that time.

[@riverfreddy]

Thank you informing and teaching me. Freddy Chavré of Maple Valley It's nice to see the comments from locals. It tells me I didn't waste my time on a non truth. More importantly, it tells me that your Country will emerge and succeed. Well done ❣️

[@sophiachavez3377]

And emerge and succeed, and emerge and succeed, and emerge and succeed, etc.

[@bounceday]

I bet people watch videos like this to write their school papers

[@wadesims2000]

That’s not a horrible idea

[@pauldrexel1501]

Really enjoyed this. Very informative

[@cesarparra6025]

Wow Chino and Gibaro, two words commonly used today in Bogotá, chino means child, and gibaro means drug dealer, never knew they had it's origin in racial classification.

[@HavNCDy]

You mentioned at 26:50 that in 1943 the inequality was greater than in the US and Apartheid South Africa. Apartheid as a political system only came into existence in 1948 with the election of D. F. Malan

[@ivanw1148]

I don't see why this matters. Apparently it's not possible to compare 2 separate events unless they happen in order?

[@briget3456]

​@ivanw1148 The comparison was pointless and without a proven basis. South Africa's economy has collapsed since the end of Apartheid. The disparity in wealth has rocketed. The poor have become desperate. The wealthy and skilled have and continue to emigrate. Vast parts of the country are ungovernable.

[@ronsmith926]

I can see a lot of the shananigans in play in other countries right now. I wonder what the real formula is to hold a country together if there is one?

[@eocm3659]

Like so many other countries sitting on rich natural resources Argentina failed to industrialize and relied on cattles rather than humam capitals.

[@GregoryDeese]

Elitist and corruption, no matter which economic system was used.

[@robertopinna220]

What's the music in the background???? It's enchanting!

[@pat806]

Came here looking for this. Specifically at around 31 mins

[@isbestlizard]

Whoa that first second was like an earthquake for my speakers XD

[@pradeepmagan6951]

It’s sad as they got everything going for them

[@BongoFerno]

Until the socialist entered and ruined everything, same as now they are ruining north america and europe.

[@ecovoycanada]

All the bad ingredients of communism, without the title, combined with the worst flaws of capitalism, all generously sprinkled with greed, cowardice and lack of vision. What an incredible waste for this paradise territory. Amazing video, great rythme and tone, well done and thank you!

[@erwinlee2842]

What ingredients of communism?

[@JR-ws4te]

@@erwinlee2842they nationalized all foreign assets and monopolized all trade….

[@tommyboman7735]

What does capitalism have to do with anything? Argentina has been deeply socialist for 100 years now, hence this video.

[@ihl0700677525]

Yep. Third-way-ism (trying to combine Collectivism/Socialism with Individualism/Capitalism) almost always ended up with conflict of interest between the ruling elites (politicians/bureaucrats/military) and the bourgeoisie (capital-owner class). The compromised solution, which often manifested in some sort of a centrally planned economy, with certain industries controlled by the state (bureaucrats) while other industries open to the bourgeoisie, could work, but at the cost of inefficiency and reduced competitiveness. In the long run, this inefficiency means less growth and inability to compete against both Communist/Marxist (total collective/state control) and Capitalist (fully private) societies.

[@BrianFace182]

@@tommyboman7735 all the times when everything was privatised. Repeatedly.

[@youxkio]

Very good description based historical facts video. Thank you.

[@undertone2472]

Dang, every time Argentina looks like it was going to get a break, corruption "snatched defeat from the jaws of victory".

[@juanpedrowallace1117]

What a nice video, u want to check a Lot of sources nowb😮. Would Love to translate this to spanisch. Maybe will Sound funny but Nobody teaches this today in Argentina, i remember reading about it in my old granpa Bibliothek

[@gethinhooper3671]

Oh sorry I thought we were talking about the UK. same video I guess

[@synewparadigm]

We can also include most of Europe, Canada and the US. 😢

[@danpatterson8009]

One lesson for both rich and poor: wealth must be earned. Legislating unearned wealth is not sustainable. Popular with the beneficiaries, yes- but not sustainable.

[@Prometheus7272]

No free lunch’s

[@Benzknees]

A lesson soon forgotten once the near collapse is reversed.

[@General12th]

What degree of wealth should be earned? Every last penny? People are motivated to work hard if they know they have food security. If being down on your luck means you'll end up starving to death in the streets because you didn't earn your existence, that's when people get upset.

[@Bdamazyn]

​@@General12thTry telling that to those who exploit squatter's rights.

[@d.blackwell6417]

Great doc! I have yet to look into south American history but your video has inspired me.

[@user-fc7is6jo2e]

Thank you for this excellent video!

[@berkscatbill5582]

What have I learned? America is a miracle.

[@das_it_mane]

Surprisingly little focus on the IMF. What gives?

[@spencerbookman2523]

One point I take from this is that economies require long-term management. However, it's still unclear to me how this is done. Governments can't do it because that is generally inflationary, and powerful economic interests would tend to overthrow such regimes. Conversely, the powerful economic interests can't do it because they are generally against all the things that ordinary voters want from their socio-economic system, namely affordable (competitive) prices, high wages, full employment, and a fair legal system. (Furthermore, I would argue that your plan, seemingly composed of short-term austerity in support of long-term prosperity, is highly vulnerable to predictable disgruntled popular forces that are unwilling to suffer indefinitely or arbitrarily.) Vurtually by definition, a proper economic plan should moderate economic highs and lows (or else what's it good for?) and satisfy those required by force of law to accept the policy (thus preventing political strife). As long as those criteria are met, such a plan ought to be successful - but the devil is in the details.

[@gretchengottlich2118]

Unfortunately, too true. Truly, Argentina is a gift from a Physical Geographic standpoint. I truly hope Argentina’s new leadership can imbue the nation to pull together. Unfortunately, Argentine history does not demonstrate the belief that “this regime” will be different and not screw us…..there has got to be a way to turn this country and culture around into what meets it’s population requirements. I wish the answer and the “cure” could be rapid. But wishing is not a strategy.

[@user-ex5ws9xb2o]

Great 👍

[@Mosern1977]

I predict a short term boost, and then the structural and cultural issues plaging the nation will again cause it to fail.

[@alexduran5704]

A most excellent documentary, thank you.