3 ms·

Argentina?

resolutebat 3y ago
Last year the currency lost 75% of its value, this year it's only down 10% so far (in Q1), so perhaps that counts as improvement.
derelicta 3y ago
Some neoconservative politician roleplaying as an anarchist reached the country's top office. He's privatising everything on a speedrun, weakening all labour regulations, waging an economic war against China, the country's top economic partner, and promised he would forfeit the country's currency to the Americans by switching to dollars. So ig for foreign investors its now or never to plunder what's left of Argentina.
- jdmoreira 3y ago
  He was democratically elected with this agenda. Maybe the people there were tired of the same old crony socialist disaster and rampant inflation plus accelerated loss of quality of live. I don't know, maybe what a country with great demographics and decent territory needs in this situation is a healthy dose of western/american capitalism. I would also much rather be allied to US agendas than to Chinese agendas ANY DAY.
  - zem 3y ago
    trump and modi were democratically elected too, so by itself that's no real measure of fitness for office.
    - soco 3y ago
      Aaaand the moment for the Godwin's law to kick in has arrived! And it's not even wrong in this context, I'd say.
  - derelicta 3y ago
    Of course westerner-lovers prefer an alliance with US over China; they profit from it. It's easier to empty the pockets of Argentinians when they think of you as a trustworthy friend. Also regarding the healthy imposed dose of american capitalism: its funny how liberals/right wingers in the western world love to praise national sovereignty, but as soon as it is people outside of the western bubble who dream of national sovereignty, then suddenly its very bad and those dirty people should simply serve their European or American overlords without asking questions.
- Traubenfuchs 3y ago
  Is there a way to invest in this plundering, for retail investors? iShares Argentinia plundering ETF?
- blackhawkC17 3y ago
  [dead]
kimi 3y ago
In my informal polls, people we work with (users, resellers...) that are based in Argentina seem to be mildly optimistic.
blitzar 3y ago
Good fundamentals and a low base. There is no real (non politics) reason Argentina can not return to being one of the wealthiest countries in the world (obviously they won't anytime soon)
ecronant 3y ago
[dead]

Argentina?

Last year the currency lost 75% of its value, this year it's only down 10% so far (in Q1), so perhaps that counts as improvement.

derelicta 3y ago

Some neoconservative politician roleplaying as an anarchist reached the country's top office. He's privatising everything on a speedrun, weakening all labour regulations, waging an economic war against China, the country's top economic partner, and promised he would forfeit the country's currency to the Americans by switching to dollars. So ig for foreign investors its now or never to plunder what's left of Argentina.

jdmoreira 3y ago
He was democratically elected with this agenda. Maybe the people there were tired of the same old crony socialist disaster and rampant inflation plus accelerated loss of quality of live. I don't know, maybe what a country with great demographics and decent territory needs in this situation is a healthy dose of western/american capitalism. I would also much rather be allied to US agendas than to Chinese agendas ANY DAY.
- zem 3y ago
  trump and modi were democratically elected too, so by itself that's no real measure of fitness for office.
  - soco 3y ago
    Aaaand the moment for the Godwin's law to kick in has arrived! And it's not even wrong in this context, I'd say.
- derelicta 3y ago
  Of course westerner-lovers prefer an alliance with US over China; they profit from it. It's easier to empty the pockets of Argentinians when they think of you as a trustworthy friend. Also regarding the healthy imposed dose of american capitalism: its funny how liberals/right wingers in the western world love to praise national sovereignty, but as soon as it is people outside of the western bubble who dream of national sovereignty, then suddenly its very bad and those dirty people should simply serve their European or American overlords without asking questions.
Traubenfuchs 3y ago
Is there a way to invest in this plundering, for retail investors? iShares Argentinia plundering ETF?
blackhawkC17 3y ago
[dead]

kimi 3y ago

In my informal polls, people we work with (users, resellers...) that are based in Argentina seem to be mildly optimistic.

blitzar 3y ago

Good fundamentals and a low base. There is no real (non politics) reason Argentina can not return to being one of the wealthiest countries in the world (obviously they won't anytime soon)

ecronant 3y ago

[dead]