3 ms·
They make good wines in Argentina. Someone could start selling those for bitcoins. There's also a fair amount of tourism.
by narrator 13y ago
They make good wines in Argentina. Someone could start selling those for bitcoins. There's also a fair amount of tourism.
- wslh 13y agoArgentina economic potential is high and there are many companies that provide state of the art products and services. The problem is the economic environment making impossible to survive for a standard business. The tax pressure is incredible high and there are not incentives for doing fair businesses. Imagine this simple case: a company exports for ~7 pesos per dollar while imports its components for ~11. And we are not talking yet about the paperwork and bribery involved in commercial transactions.
- gaius 13y ago100 years ago there was a common saying, as rich as an Argentine, like we might say as rich as an oligarch today. Argentina's problems are entirely down to mismanagement and corruption.
- forgottenpaswrd 13y ago"100 years ago there was a common saying, as rich as an Argentine, like we might say as rich as an oligarch today." You can say the same today. The problem with Argentina is that while it got a GDP equal to Canada in last century, the money was never good distributed, like in Canada, Germany or France. So just a couple of people will own more than half Texas(Argentina is big) while the rest of the population could only live as servants. Today big latifundistas still own most of Argentina, and they buy the gobertment like in the past.