Venezuela and Argentina are two South American countries that exemplify the continent’s shift away from US influence. But in the last week, actions by both g…
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Printing press? Isn’t that what the UK and US have been doing???
Love The debate!
and now japan!
Why not get a ‘expert’ from those countries themselves. What’s the point of pushing the same old white men who have pushed this world into a mess. Shame on this racist uncle tom channel.
The neo-liberal economists just can’t digest the fact that an alternative non-laissez-faire economy that favours the poor is actually working in these countries. Most of them sound like doomsday prophesiers who instead of trying to learn are stuck up on proving that the knowledge that they learnt from textbooks cannot be false
Where is the evidence that it is working? Argentina was the 8th richest country a century ago. Argentina was richer than Italy, Japan, and 5 times as rich as Brazil. Today, after the Peron era, which frankly is still going on, Argentina finds itself less than half as rich as Italy or Japan. Chile, the most liberalized Latin American nation, is on the cusp of surpassing Argentina as the richest Latin American country. Economic liberalism is the best approach for economic growth and freedom.
A century isnt a reasonable time-frame. Argentina was in a mess in the 1990s with daily unemployment riots and mass poverty. These governments are trying to bring the poor into the mainstream while the rest of the liberalised world is pushing its poor to ghettos and urban slums. Frankly, I believe that these countries have shown that there’s scope for a newer more inclusive economic growth model which we should try to appreciate and learn from rather than being dogmatic about classical economics
Corporations which beg, borrow and steal money from Governments, then go on to analyze Governmental performance in terms which suit themselves, and cause the direction of academic research to be pursued along lines they determine, reporting through media sources they greatly influence that Governments are at fault when prices they set rise in ways that were unanticipated of the 1970s concern with unemployment and inflation as social signifiers should fail to impress majority interests.