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"he resurrected Argentinian national debt" ... wait, so the money Argentina borrowed, they have to actually pay back? FYI this is not 'vulture capitalism', it'
by jariel 7y ago
"he resurrected Argentinian national debt" ... wait, so the money Argentina borrowed, they have to actually pay back?
FYI this is not 'vulture capitalism', it's not even really capitalism. It's just basic financing.
- olivermarks 7y agohttps://www.gregpalast.com/rubios-billionaire-wins-ransom-from-argentina/ https://www.gregpalast.com/rubios-billionaire-wins-ransom-fr...
- jariel 7y agoOr maybe we should redefine 'vulture capitalism' to be borrowing money from naive Americans, Europeans, and Japanese by blatantly lying to them, then corruptly stealing and squandering the money, then refusing to pay it back all the while claiming that you are a victim and that the people whose money you stole are 'imperialist colonialist aggressors'. Now that's quite a playbook.
- olivermarks 7y agoI don't think you understand the formal use of the term 'vulture capitalist' https://prospect.org/economy/vulture-capitalism-killed-sears/ https://prospect.org/economy/vulture-capitalism-killed-sears...
- jariel 7y ago'Vulture Capitalism' is not a 'formal' term, and yes, I'm well aware of how it's generally applied. I obviously don't agree with it. Particularly, in this case, the vulture is the corrupt government of Argentina.
- olivermarks 7y agohttps://www.investopedia.com/terms/v/vulturecapitalist.asp https://www.investopedia.com/terms/v/vulturecapitalist.asp