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The self-infliction is electing politicians like Kirchner who don't try to spend time and effort improving their infrastructure and stability and attracting inv

The self-infliction is electing politicians like Kirchner who don't try to spend time and effort improving their infrastructure and stability and attracting investment to build new things. Instead, they prefer to borrow money to deliver handouts to the populace, then when they can't repay the money, default on their debts and take over the local operations of foreign firms. (This is before we even get into the suppression of the media and other overtures of authoritarianism...) Not that the poorest of Argentinians aren't in great need of some form of aid like those handouts, but sacrificing the argentinian nation's economic future works out to be a BAD PLAN in the end.

Fargren 13y ago
I do believe that the fact that give "handouts" only to people whose kids attend school (which really matters because there was a lot of child labor when they started) shows they are at least trying to address some of the problems. I think they did a lot of things wrong, and there's a lot of things missing, but calling them out in what I see as one of their most effective policies seems wrong. The contradiction between protectionist policies and search for investment, the alliance with groups opposed to the improvement of infrastructure, the blatant corruption and the stuff wslh mentioned seem more accurate to me.
zorked 13y ago
False dichotomy. Brazil has been giving "handouts" - desperately needed aid for the poor - and is doing fine. In fact those "handouts" are one of the main reasons why it has been doing ok: they created a market where there was none.
- meerita 13y ago
  The reality is far from what you say. What they give is nothing in that economy. Many people just spend that money in 2 days. What Argentina did is just print money without limits and offer many credit lines to anyone with possibilities. That's ok, but to a certain level, when you hide the real value of your coin you're losing investment from outside. Who will invest in Argentina when the money isn't on the real price?

Fargren 13y ago

I do believe that the fact that give "handouts" only to people whose kids attend school (which really matters because there was a lot of child labor when they started) shows they are at least trying to address some of the problems. I think they did a lot of things wrong, and there's a lot of things missing, but calling them out in what I see as one of their most effective policies seems wrong. The contradiction between protectionist policies and search for investment, the alliance with groups opposed to the improvement of infrastructure, the blatant corruption and the stuff wslh mentioned seem more accurate to me.

zorked 13y ago

False dichotomy. Brazil has been giving "handouts" - desperately needed aid for the poor - and is doing fine. In fact those "handouts" are one of the main reasons why it has been doing ok: they created a market where there was none.

meerita 13y ago
The reality is far from what you say. What they give is nothing in that economy. Many people just spend that money in 2 days. What Argentina did is just print money without limits and offer many credit lines to anyone with possibilities. That's ok, but to a certain level, when you hide the real value of your coin you're losing investment from outside. Who will invest in Argentina when the money isn't on the real price?