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Discussion in 'Too Hot for Swamp Gas' started by G8trGr8t, Jan 24, 2014.
I don't see them as analogous either, sorry if that wasn't clear.
Ah, ok. Seemed like some level of similarity was implied in the first sentence. But I think I grasped what your were saying there.
Argentina at the turn of the century in the 1900s was one of the world's richest countries--but a series of economic blunders and government mismanagement has had them a shell of the country they once were...and arguably should be.
Kirchener has been an unmitigated disaster: she's a wannabe Peron clone, but whereas he had WWII to boost sales of Argentine commodities and keep the economy afloat; she's had no such luck. Any successful business is quickly raided for cash with new regulations and taxes--and she's fired almost a half dozen economic ministers for telling her what she didn't want to hear: the country is sliding closer to financial ruin (again) because of their ruinous policies.
Anyone who's followed the country could have seen this coming--it's been a gradual descent over the past 5 years.
And while Kirchener is decidedly more leftist than most American politicians (though Pelosi is on a similar cloud), she provides a good warning to be mindful of. There's no question the policies she's pursued have been ideologically driven.
As far as Argentina's effect on the global economy? It'd be minimal. When their economy collapsed in 2001/2, the US economy was in a minor recession and despite Argentina (at the time) being a big trading partner, it didn't worsen either our recession or the global economy. There is some concern about Brazilian exposure and if there will be spillage there--but overall, it'll be negligible.
How does one become a leading world economy?
Start as THE world's leading economy, then enact Obamacare...
Any country with a fractional reserve banking system is doomed...including America.
Liberalism/leftism/progressiveism...all same thing. And liberalism always fails.
Yet the commies in China are doing well due to our companies sending them our jobs.