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Argentina: Imbecility, Laissez-Faire or Complete Corruption?
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[QUOTE]Originally posted by Siegfried: [QB] It's interesting that you bring this up since I just read an article during the past week about Argentina making the first interest payment on a lot of the money that has been loaned to them. The article was not too enthusiastic about this for the very situations you describe, Jonas. Based on what I've read (which is altogether not a whole lot) and what a couple of my friends have told me (they're from Argentina), I'd have to say that it is a combination of all three. And, I'll heartedly agree with Omega's "stupid politicians" statement. There's rampant corruption. That's an unfortunate side-effect of government in general. As the saying goes, "Power corrupts." However, corruption seems to be much more prevalent in nations that are experiencing significant problems. Look at Mexico following Cardenas' term and Russia since the fall of the Soviet Union. It the politician's shift in priorities from the people to the person (themselves or possible the party). I think the people in charge has also suffered from a huge amount of imbecility. Part of it is that in reference to allowing themselves to allow the Argetine people to suffer. It also seems to me, from what I remember, that the government over the past decade (and possibly further back) have made several bad decisions regarding their economy. Unfortunately, I can't remember specifics at this time (I'll have to brush up on it). [/QB][/QUOTE]
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