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" there are four kinds of countries: developed countries, underdeveloped countries, Japan, and Argentina." -- Simon Kuznets
by notch656c 4y ago
" there are four kinds of countries: developed countries, underdeveloped countries, Japan, and Argentina."
-- Simon Kuznets
- JumpCrisscross 4y agoKuznets' quote is about international finance. Not social unrest. The factors that lead Argentina to collapse are uniquely Argentinian. What happened after that is unsurprising.
- notch656c 4y ago>Kuznets' quote is about international finance. >Not social unrest. This is a contradiction. You said social unrest is caused by financial collapse. International finance in a globally integrated economy like Argentina then necessarily becomes a piece of the financial collapse that causes unrest.
- JumpCrisscross 4y agoCan’t tell if you’re trolling at this point, but it’s not a contradiction, and you’ve ignored the numerous counterfactuals more applicable to America.
- notch656c 4y agoLol while we're going with the troll accusation (yeah I realize you said "trolling" not "troll" but it's just a back-door to the ad-hominem attack), I'd like to point out the person refusing the relation of the banking measures which came immediately before the riots (and even have a wikipedia page which describes the subsequent anger and violence) as somehow being not a cause of the unrest, is a self described ex "investment banker." Who'd of guessed it.