Argentina Could Have Been a Superpower. Now, It's Falling Apart.
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- čas přidán 14. 10. 2023
- 100 years ago, Argentina was one of the wealthiest places on the planet. But then something went wrong and Argentina started a long economic downfall that has been getting worse, worse and worse ever since.
But how does a country go from a future superpower to one of the most messed up economies in the world?
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Argentina could never have been a superpower. It could have been a regional power. It could never have been the US, the Soviet Union or the British Empire. Superpower! A word that means nothing any more. I could have been a super power!
don't complicate things, the diagnose is simple: what happened? Solalists happened. Look at the socilist countries in the world, they all go the same path.
Good thing they have Javier Milei to sort it out
They think there 100% European.
@@seanLee-sk2mi Yeah, and the Socialists were a reaction to the fascists which were a reaction to Socialists which were a reaction... Maybe stop swinging from extreme to extreme?
Argentina is an example of how economic potential, good geography, and a skilled population can be undone by bad and corrupt leadership. The success of a society depends on a government making the right decisions.
in other words, when the left is on government, all perks are multiplied by zero.
Explain America, then.
But it’s the population that keeps voting for governments that make the wrong long term decisions.
@@johnl.7754 sure, but still a left wing status quo
Socialism strikes again
Never missed an opportunity to miss an opportunity. I like that quote
Same thing with a Palestinian state alongside Israel, as the former has been stymied by the Palestinian leadership's intransigence towards Israel.
Sounds redundant, but really is like sarcasm, isn't it?
@@yodorob we are talking about Argentina and you come with Palestine 🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮
The politicians never missed an opportunity to steal others opportunities would be more accurate
My grandfather considered moving to Argentina when he was 23 years old, in the mid 1950's. He researched copious amounts of data, and ultimately decided against it. Before he passed in 2019, he showed me the documents he had gathered during that time, and I was heart broken at how far Argentina had fallen. I work for the airlines so I fly for free, and I've visited Argentina 5 times. The saddest thing is, Argentines are absolutely beautiful and amazing people. Their deep, passionate culture and love for music and sports make them very amiable. I've always felt welcomed as an Asian and have even been invited to houses simply to have tea from complete strangers. I'm constantly amazed at their hospitality. Much love to Argentina, and I wish the best.
lol I am not Argentine but I am Mexican. I always laugh when the tourists find us beautiful, warm, and “passionate.” Of course you get that warm hospitality as a foreigner for that tourist money and experience. The reality however is that Latin America is a mediocre society, childlike. We can have all the passion in the world but we lack discipline and morality in our culture. Which is why you see the mediocre corrupt leadership, violence, and people voting for the same thing over and over again. Your grandfather was a wise man, cheers.
@@doscaminos204 Sorry, I'm Dutch and lived for 20 years among Argentines in Argentina ànd in Holland. I never had much money to spent. There was no difference between them living in Argentina or in Holland. Just to say that you are really wrong about this. The Argentines are as this person describes them.A warm and welcoming people. I hope you have the opportunity to go there once.
@@leunisvandewege9651 lol you really didn’t understand. Either you play tourist all your life or are oblivious to the reality. That’s what I criticized that bulldung of “warmth” and “welcoming” that can be any nationality unless you’re coming in through mass migration. If you have good experiences with the people there that’s good, and for a person that doesn’t supposedly have money how can you afford to be Dutch in Argentina? All you Europeans that stay abroad come from wealthy families and play expat going back and forth 🤣. Not the reality for the “welcoming” starving Argentine. If I am wrong you’re delirious. I have met some Frenchmen, and from experience they are the most pretentious from the European bunch. In essence, Western Europeans are morons, Eastern Europeans are more genuine and humble people.
And their also the Germany in Latin America there racist and homophobic
@@doscaminos204 Habla por vos, nosotros acá cuando podemos invitamos a comer, no esperamos nada solo pasar un buen rato hablar, una amistad.
My Argentine friend is 96 years old. His family emigrated to Argentina from Barcelona,Spain in 1900. His family worked hard but were poor. They lived in Rosario. In the 1930’s he was a child, he was the only child in school that wore shoes. Hes father was an upholsterer in Barcelona so he did the same work in Argentina. My friend left Argentina in 1950 and moved to Los Angeles,California to find better opportunities. He did well. Born in 1927 now 96 years old in 2023. He used to travel to Argentina to visit family and friends but now most have died or moved back to Spain. The crime in Rosario,Argentina is out of control so he decided not to visit his old city. He still remembers when Carlos Gardel died and crying with his family back in 1935. He talks about how he loved to Sail his small boat on the River. I hope he makes it to 100 years old. I will miss him dearly when he passes away.
@@andromeda45188 Europe colonized, enslaved and killed billions. Not counting the systematic genocides. So I don't think karma works like that.
@@andromeda45188 The fact that you believe that the natives of Argentina are extinct means that you have never been to that country (Or at least, you've never strayed far from the trendy neighborhoods). The Comechingones, the Charruas, the Mapuches, inhabit the entire country. The difference with Europe is that Argentina never prohibited mixed marriages, so there are no communities. Simply put, everyone there is considered Argentine, regardless of their hair or skin color or religion. Its original constitution, still in force today, determines the following: "Every human being, regardless of race, religion or place of birth, who sets foot on Argentine soil, will have the right to be considered an Argentine citizen if they so wish." You have a lot to learn from Argentina, if you are interested in not being racist, but I don't think that's your motivation, is it?
@@andromeda45188 keep crying🐵🐵🐵
Part of the American dream.
@@MB-ct4zj Europe is a Continent, that Continent has 50 Countries out of those 50 only Spain, Portugal, UK, Netherlands and France colonized the world and Belgium, Italy and Germany colonized for a brief period so NO I do not think that Europe colonized and enslaved Billions, do not blame the whole Continent for what few countries did....
I'm from Argentina, and this video efficiently summarizes the main issues. Many young people who have opportunities and resources only think about emigrating, and that includes me. It's truly saddening.
then you are not competitive enough to make it here. people who are stay here
@@lop6438 🤣🤣🤣🤣🤣🤣🤣🤣
Y dale amigo morite de hambre con los otros competitivos@@lop6438
Corrupt* enough. Only those who don't abide the law make it big here@@lop6438
What areas do you recommend for staying a couple months with good food and beautiful women ?
Same thing happened in Egypt... A military coup that dragged the country to the rock bottom... Now we're suffering the consequences.
But Egypt wasn't wealthy like Argentina was.
@@ns2859 believe me...the kingdom of egypt before the coup was very very rich....Europeans would come to work as barbers and construction workers...
And we are moving the same path... Unless something happen and stop it
@@-ThePharaoh-Nah. Some were because Europe was war torn.
2-3 cites were rich and well maintained. Since 80% of population were rural barefoot illiterate farmers working on the 1% owned farmland their whole lives. But obviously they were slightly better the incompetent military. But not by much.
@@-ThePharaoh- I know some French, Greeks and Italians use to live there before Nasser. Two famous French singers from the 70s were born in Egypt.
The problem is that politicians want to be reelected. They will do anything necessary regardless if the country can afford it.
People get the government they deserve
People want easy life. Thus they too elect politicians who sell the best bullshxt .
Yep. Politicians love to over promise and kick the can down the road to whoever ends up in their seat after they retire.
Even in the U.S. voters don’t like to hear what they don’t like even if is true. Many people think facts are irrelevant, meaning you cannot sway them. They also don’t like it if you spend too much time talking about the future even on important issues.
The problem is that people BELIEVE them. People are not being accountable enough for their actions.
I love Argentina and its people. I hope they can get over this and prosper in the future. Best wishes from Switzerland.
Thank you very much Swiss friend.
switzerland is beautiful 🇨🇭🇦🇷
Then give us some rescue mf.
I guess it was Albert Einstein who said: ..."stupidity is by definition doing and/or making over and over exactly the same things expecting a different result".
And this is what we have been doing for the past 80 years 4 GENERATIONS!
It will take at least 2 generations ahead to solve our situation.
Greetings to everyone from NE Patagonia, Argentina. BTW: very well done video and accurately summarized. Congrats to all the team!
@@tommyboman7735 If Javier Milei will or not be our future president, that´s what we will find out next Sunday. The choice is "tricky" to say the least: we already know our economy minister he is a liar, cheater, unfaithfull dark person. On the other hand, JM has no experience in public affairs. Therefor he must fight against all the corruption who has "melted" into state policy. That´s a huuuuuge task. Thankfully he won´t be alone: most of the staff of Juntos Por El Cambio (ex-president Macri, Patricia Bulrich, etc) and a lot of good willing politicians will be standing with him side-by-side. He is determinated to dollarize our economy when ever that might be posible; the "funny" fact is the sentence in the 1 U$D bill: "In God we Trust", so that´s what we´re going to do in the next future hoping for a miracle.
Thank you very much for replying to my comment.
Cheers from NE Patagonia, Argentina.
Stupidity----->"insanity"
I'm starting to love my country Philippines, we are so low that there's really no expectation haha
Ha ha but It's growing good now, isn't it?
Sad but true.
Same with india 😂😂
I mean isn't your country used to be the second wealthiest in Asia, and then here come the corrupt leaders
cringe
Argentinian here. It's very sad how a really big percentage of low and mid class citizens are still choosing the same goverment model that has been destroying the country for decades. I wish somehow everyone here could watch this and understand how we are seen from the outside, and how evident our problems are for everyone except ourselves. Thank you for this.
I love how the video starts with "having the land and the economy in the hands of a few aristocrats is a bad idea", but the only thing you picked from this is "politicians bad". Yeah, they are bad, as bad as concentrated capitals.
Bro i gotta question how strong is Argentinien passport? Can i buy in any possible way?
@@urieldhka Because the latifundio myth is what it is, a myth.
100 years later of socialism and the people keep voting for more.
@@urieldhka I did not mention politicians. I was referring to the government model, which is representing the population and how we decide to do things. Of course that the inequity in terms of power and opportunities is also one of the main problems. That is exactly why the richest part of the population and the corporations are always benefited no matter what, while the working class gets choked and forced to leave the country if they want to thrive.
Also, nowadays Argentina is not only an agriculture or rural country. We also have a very good specialization rate in terms of software development, economics, etc (and that's the reason why many of the biggest multinational corporations established corporate centers here, apart from the fact that we are very cheap). And at some point in history we used to have an industry that knew how to do things and to be competitive in the international market.
This "model" I referred to, is exactly what takes care of "missing every opportunity" or destroying what we already had.
Argentina and Venezuela were rich South American countries 4 decades back but due to dictator Presidents in the past and at present the vision of these countries being economic superpower have been blown apart.
Lol. Venezuela got fucked over by American sanctions.
Its unexplainable until you match the dots between Imperialist countries making coups in south america, (usa...)
@@francoragone1908, you are right. they have some not so funny distorted story.
@@francoragone1908I call bullshit. Venezuala is even worse off than Argentina despite having the most oil in the world. And Venezuala went down as far away as possible from Usa influence by becoming socialist(even if only nominally). Basically.
Then socialism came and ruined everything
Argentina is a tragic case. It was another outpost of Europe like the United States. It was rich in natural resources and growing rapidly. Under better leadership, it's not inconceivable that Argentina could have been a superpower. Instead it's remained a regional power at best.
czcams.com/video/O2Bvvt7sUA4/video.html
Don't cry for me Argentina.
czcams.com/video/JtPuSHNHuFY/video.html
So much lost time.
@@fackafacka grow up, not everything is a conspiracy.
@@experiencer720 I hope so. I’ve always liked Argentina.
Two important ingredients was missing:
1. Science and technology
2. Economic diversification.
Which is specially ironic considering that Argentina long felt proud of itself due to its well educated and sophisticated people, rightfully so. But having one of the best educated societies in Latin America is not enough without good leadership.
They took in the wrong type of immigrants.
@@zaberfangIf you mean Italians, especially from the south, you're right. Argentina is a blend of Latin American populism and southern Italian mafia culture.
3. Land distribution to anyone other than those already ultra wealthy
@@TR4Rit's not educated it's indoctrinated. Free indoctrination and the result is our country. For every engineer we have 50 to 100 phycologyst and lawyers. 😂
I was in Buenos Aires 20 years ago. My first impression was that it looked like it was a really nice city in the past.
Everything has its' own cycle, including a country. Here in Japan, we also experiencing the economic downturn after the 1980s 'bubble economy' when Yen was at it's peak.
But that does not mean it's not necessary to take responsibility and fix the mess.
The first step toward improvement is admitting that you suck, that you've made mistakes.
There's no skipping that first step.
Simon Kuznets, the winner of the 1971 Nobel Prize in Economics, famously stated there were four types of economies in the world: developed, undeveloped, Japan and Argentina.
Your main problem isnt so much the government but the birth rates isn't it?
@@alejandro4300And Japan and Argentina are the world's great economic development wild cards. In each of those countries, things could have gone the other way over the longue durée in the 20th century.
Japan hasn't had nearly the same economic stagnation that Argentina has had though
The country still exists. Time is unlimited. I hope Argentina and its people will learn and make better decisions. Beautiful country that deserves better leadership
Time is unlimited but our sun has only 2 billion years left before it explodes. Will that be enough for Argentina to become rich?
they don't deserve better leadership, you probably don't even know how they behave as people
Time is not unlimited, thats why countries can get middle income trapped
Noone deserves to have a corrupt government, you're being a bit of a prick implying argentinians got what was coming to them.@@Kownter
People here still worship peron, this video failed to explain that the whole nationalization bussines wasn't just random, there were some really bad deals with the uk before that and something had to be done about it. (the brits owned argentina's transport services)
In 1900, Argentina was already an industrialized country until Perón arrived and deindustrialized the nation by closing it off to trade. It is not true that Argentina was solely focused on agriculture. Additionally, immigrants were given land to exploit. You read a translation of a history book written by a biased Peronist.
Argentina didn't industrialised until 1930 lol stop that stupid libertarian cope
@@Wahrheit_ jjajajajjajajajj those liberbobos are allergic to books
There was a fascinating study from the mid 90's comparing the potential of war-torn Japan and Argentina after WWII that depicted the trajectory of the economies of these 2 countries from the 50's to the 90's. Argentina being 7 times the size of japan, with "latifundios" and vast range and cropland, el granero del mundo it was called, rich in so many resources. Then Japan smaller in size but recovered post war with investment in industrial manufacturing and technology with a larger population density while Argentina with all its potential took a completely different road that led to the cyclical manufactured economic crisis, Ay mi querida Argentina, don't cry for me 😊I kinda survived the explosion in 2001 but couldn't take it anymore, At this point I feel it's a gambling problem rooted deep in the society, un caso de divan (case for a visit to the psychologist) and the irony that even tho Buenos Aires has one of the highest rates of psychologists per capita (freudian and lacanian schools) people are just going insane. I guess we traded wealth for all and a thriving economy for having the best futbol players in the world, so we are entertained and don't think about all the corruption running the shit show! 👻The agricultural practices are destroying the soils, lots of llanos de la pampa are becoming desertified, and any high extreme climate event, name it, happens in Argentina. GMO industrialized ag + glyphosate in the equation and you have your 25 years cycle of environmental degradation and economic collapse. What was once a source of huge profits, its now in 2023 another recipe for disaster in this volatile global context. Very similar to the 2001 September/December build-up to the collapse in the world post 9/11, times of Que se vayan todos (all must go), and 22 years after they all stayed, nobody left their seat, some flip-flopped from sides to sides, others went bouncing around getting appointed to different leadership positions they didn't have any qualifications, everyone brought their friends into the club...It's frustrating, it's sad, the people in Argentina deserve better than this corrupted republic of organized crime. IMHO
👏🏻👏🏻 - One comment though: "the people in Argentina deserve better than this..." I disagree. We (I am Argentinean) all make a country, a nation. "Every country has the government it deserves" suits perfectly well in our case.
We have a similar situation in South Africa - a 50% unemployment rate, climate change catastrophes, the tax paying population is fleeing while the grant system cannot sustain everyone and there is widespread poverty. We have daily rolling blackouts. Now the government wants to start a nationalised health system, as most of their other sources of looting are bankrupt.
They pally up to China, Russia, Cuba, Liberia etc, while still expecting to be supported by the USA and UK. We are going the path of Zimbabwe if things don't change, I give us ten years for a turnaround.
Another example of awesome govermant :D Czechoslovakia, inheritor of majority of industry after Austria-Hungary, during war get practicly no casulties or destruction, in addition get some improvement in weapon industry. Now? A lot of the people can not afford really proper nutrition, average car is almost 20 years old, in average you can afford average flat for more than 15 average annual wages. If you wanna build here something, it takes 2 years for permit, really. If primeministers company poisons whole river, dont exists tools how to proof it. Almost 10% of citizens are in execution (insanly corupted and totaly mad system to pay their debts to practicly mafia). Agriculture turning fields to deserts, subsidy determined for little farmers and on ecological improvement are paid to mafia. Care of forests? - mafia. Infrastructure? - mafia. Czech republic is center of money loundering for all criminal organizations in Europe, for real.
No me gusta Freud es todo un negocio
Corruption is a worldwide problem. Argentina seems to keep getting the worst leaders.
I'm in the last week of my 32 day holiday in Argentina. When I arrived in Argentina on 21 September 2023, the Blue Dollar rate was $AR710 per $US1. Today, 17 October 2023, the Blue Dollar rate is $AR1000 per $US1. That a 30% decline in the value of the Argentine pesos in three weeks! Argentina is the 21st Century Weimar Republic!
Don't worry. Javier Milei will save their economy.
If I were Argentine, I'd vote for Sergio Massa. The Argentines will be much worse off under Milei's neoliberal policies that only favor the oligarchs. Viva Peron!@@ronnelacido1711
@@ronnelacido1711 sure thing bro
Interesting comparison. We also have a proto-fascist called Javier Milei to make Argentina great again.
@@matiasgabrielstingl1725¡El señor Milei no es fascista ni comunista!
The lesson here is don’t let the majority of the wealth in your country concentrate in the hands of an extremely few elites because the result will be political extremism and instability.
so no capitalism then
Exactly, but many people in the political right just don't get it. Those wealthy elites in Argentina didn't want the country to modernize, then came Juan Domingo Perón, a new privileged class was created (the politicians) and the rest is history.
That's not why Argentina failed, in fact, they failed due to the exact opposite, they thought that wealth distribution outside of proven economic concepts was a good idea!
Problem on latin america they keep voting for populist that advocate the radical refustribution of wealth.
@@TR4Rif your solution is socialism.then talk with any cuban and venezuelan migrsnt
Argentina gave up on the economy a long time ago and focused on football.
you forgot to mention that while wealthy... it was VERY unequal ... with a huge poor workingforce
Exactly.also, rural populations in the west of the country that were not fully European, mostly indigenous or mestizo were also simply not taken into account in those years. They just assumed they were or Bolivian/Chilean migrants, depending on how close to the andes they lived. A lot of Argentines still think this way and label them as immigrants now that they moved into major cities.
every analysis I've seen fails to mention that
Within the first twenty seconds of this video you stated two misconceptions,that Argentina used to be 'powerful & advanced',any analysation with these misconceptions at its roots wouldn't be valid.
Argentina used to be 'rich' because it merely had a lot of fertile land & a climate suitable for cultivation & ranching, but did its workforce & entrepreneurs have world class administrative & technical competence that gave it a competitive edge?
Was there any deep cohesion between the various indigenous socioeconomic groups?
Were there broad-based indigenous ideologies crafted by its own thinkers?
Perhaps it's been the case all the while that Argentina is still a country without a wholesome ideology & identity,and the archaic mentalities of its colonial era are still alive right now.
With it's natural resources, mining, lithium, copper, gas agriculture etc, Argentina could be more wealthy then Norway.. In addition to being a resource rich country, wages are relatively low and could be a manufacturing hub.
That title could pretty much describe any South American country
Very true, Just take a look at Venezuela but again just look at basically any south American country lol
Only the "big boys" of South America had opportunities to become great powers, that is: Brazil Argentina Peru Bolivia Colombia and Venezuela. The rest are too small.
No. Only Brazil could be the superpower of South America due to its massive size in population, area, resources and economy.
@@artman12 But its leaders also never miss an opportunity to miss an opportunity.
@@artman12Brazil is too divided by race.
TBH this is tale sounds simplistic and too simplistic to belive being brutally honest
I know that people and especially politicians can commit short sighted mistakes but if mistakes form a pattern consistent over decades and different parties , there must be deeper issue at play that makes this issue hard to solve.
Maybe it is extremely low societal trust & corruption, maybe it is debt spirale that makes even basic spending unaffordable thus leading to cycles of overspending and being overly frugal. Maybe something else, i simply don't know. But logic suggest that if it was as easy as proposed in the video,it would be already fixed years ago
I agree that it's probably complex, but plenty of corrupt countries rapidly industrialized and became major powers. Heck, Brazil did it just across their border. Granted, Brazil has a significant demographic advantage, but at it's height, the average Argentinean was 4-5x wealthier than their Brazilian counterparts.
yeah but its still 100%+ inflation, how can you invest and save with that kind of FIAT uncertainty.
i thought the same, but I guess the answer is also too complex even for researchers to find out. there is a nice video from the youtuber Kraut, where he explor the same issue for Mexico, and he concludes that the issue is weak institutions. I recommend that video very much for you to get more info on the topic.
Once people are poor, it becomes that much harder to get out of it.
It's easy to look back in retrospect. But it's not like they knew what it was and what wouldn't work till after the fact.
It is overly simplistic. Never trust an anglo talking of other countries.
Love him or hate him, bad empanada did an excelent video on the country which goes into depth.
Amazing vido my friend!
Its nice how you swiftly narrated all the roots of our problems.
It brakes my heart but Argentina isn't a good place to live anymore (if you work in the country).
The cost of life increase considerably faster than the salaries, making it imposible to have a stable life.
One could say that the rich get richer and the poor poorer, but I think that everybody exept the politicians are losing out. They emmit money and drain us with even 100% taxes just to full their own pockets.
I'm betting my last bit of trust on Milei. If even he cannot make something out of this mess, then it my be time to abandon the boat.
NOBODY CAN FEEL PATRIOTIC WITH AN EMPTY STOMACH!!!
You get him, you will work for less money and you will enjoy it!
(Don't worry though your grandchildren will get the benefit of it)
The only thing we learn from history, is that we don't learn from it.
Yes!!! Especially you guys from english speaking countries, you guys DO NOT learn history.
And curiously, they keep considering themselves almost demigods among Latin Americans. Their infamous arrogance is, at the same time, completely delusional and upsetting.
There’s actually a saying: if you want to make money real quick, buy an Argentinian for what he’s worth, sell him for what he thinks he’s worth.
@@mikotansingco4016Looool
I travelled slowly through Mexico, Central America, Colombia and now Argentina and I have to say I agree. People here tend to have a sense of entitlement about them that was rare to see in the other aforementioned regions.
What Argentina needed was say 1million Anglo Saxons folks and English as a national language, it would be top 10 in the world
So India?
Like the idiots who live in rural US shooting at raccons or what?
@@Tenryuu19no
Did the Panama Canal negatively impact Argentina and other "Southern Cone" countries?
Definitely had a negative impact on Chile. Not so much Uruguay or Argentina.
Nope, that hasn't been an important factor
Yes, but nothing major.
Not so much.
Absolutely yes!!
Argentina now has a new President but no doubt, the same problem. May even be more dire given the new President is literally a mad man.😂
@@StormofBladeZ Let's see. 😂
sacate la polenta de la boca que no te escucho
Very well put together video, thank you.
Argentina, in particular, and Latin America, in general, never ever fail to disappointing
@@fackafacka No country wants a country that will compete with them.
@@fackafackaduh
@@fackafackaWhile i do agree, the country itself has some fault too.
@@-KnightOfTheWindbrazil is a good example of a country that failed because of its own incompetence
I wont go in depht butna summary is this
-PSDB leaves as the PT wins the election
-commodities boom allow the PT goverment to not only maintain the supereficit made by the PSDB but to increase it
-they begin massive spendings towards social programs and nationalization processes
-they begin to give cheap credit from the BNDES for "national champions" which were 100% not because they could make political propaganda, trust me bro
-turns out commodities dont stay expensive forever and with US out of iraq the USD begins to value again
-national treasury? Never heard of that
-printing money 24/7 because otherwise economy go boom
-oh it causes inflation? Gotta print more
-oops, turns out hosting the world cup is expensive, lets increase the taxes even more
-loss of trust from investors because the goverment just wont stop taxing them
-Petrobras? Its nationalized, wait its not? Who cares lets use it for staye funds anyway
-increase goverment wages and decrease worker wages
-wait what do you mean we went bankrupt?
-PT loses, unsuprisingly, and this guy bolsonaro who promises to fox everything gets to power
-600k dead brazilians from the pandemic, do i have to say anything else?
-oh remember the party that caused all of this? Oh yeah WE REELECTED THEM!!!!!!
As a 29 y/o Argentinian with now a good career and some years of experience on my own, I’m finally starting to understand all the feelings my father shared about the sad reality in Argentina, and the more I understand, the sadder I get.
As some pointed out in the comments, my generation has lost long term hope, is focused on spending in short-mid term investments or products and is always looking for opportunities to migrate to a better life. All of that, despite a deep love for our culture.
What's your opinion now that Javier Milei has been elected?
@@TheKing-uu7jn feeling hopeful about politics for the first time! Let’s see if he and his team can deliver on these four years, hopefully so
Milei will begin to turn this great nation back to glory! Vamos Argentina! 🇦🇷
Funny
LOL
Nahhhhh
Lo dudo va a gobernar con la casta
Unless there is a revolution of sort - such as class revolution, people revolution or ideological revolution that could change the fate of Argentina. The revolution will be painful in the short term but good for Argentina in the long term. But who will be this pioneer of Argentina revolution? Only Argentina people can decide for themselves once they have had enough of sufferings! Best luck to Argentina!
this country is done
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This was shortly before Melei was elected President, hopefully his reforms turn things around.
Never let evil take root.
I hope he can turn Argentina 🇦🇷 around but it will take at least 10 years of struggle to get the economy going again and the people will suffer terribly and revolt and rebel against him and kick him out of power
Yes, GDP was very high in the early XX century, however industrialization was not and neither population. Most of that wealth was concentrated at the head of the farming industry.. There was no secret there, merely little people (helps to a high gdp ppp) and very very fertile soil. Economies became much more complex since then, but even then, other countries were more developed and diversified than us.
Now as for the issues, yeah, the main issues are lack of industrialization (even today farming represents most of our GDP) and infrastructure, huge levels of corruption (expected even, with little to no tools for good representation in case or rather when they screw up) and bad economic policies (most notably, bonds and money printing). We are also very very centralized and come from a very turbulent 20th century
Yo como mexicano, creo que solo es cuestion de tiempo a que se recupere Argentina, lo noto cuando conozco argentinos , son gente muy inteligente y talentosa, uno que otro medio sangron pero loa que no son sangrones son super interesantes, conoci a una doctora y me mostro el mundo de otra manera
Muchas gracias
I hope the best for Argentina and its people. It’s interesting to see so many people from Argentina now living in places like Playa Del Carmen and Tulum Mexico. When I was in my undergrad years, I remember an Argentinian friend from a wealthy family who said Argentinians called Mexicans “Aztecas” as a term to differentiate themselves as Europeans from indigenous and/or mestizo Mexico. He qualified the statement to explain he didn’t like the way they said it, meaning it was intended to be derogatory. Fast forward to today, and now this mestizo nation has taken thousands of them in. I wonder what they of Mexico now?
Argentina, Brazil and Uruguay had everything to be the greatest trio of mega powers. The best lands, climate, everything. I live on the Brazil/Uruguay border in the same biome mentioned in the video (pampa). Like almost every South American (and as mentioned in the video) I have grandparents who came from Europe to this "holy land". The first thing my grandparents did when they set foot here in South America was to find a small property to plant crops.
Oh Argentina, Brazil and Uruguay... If we had been as good at running the economy as we are at football...
This summary provides a precise and concise overview of the major problems and the most important aspect of it is its impartial approach. In Argentina, there are two opposing groups of enthusiasts. Some believe that before Perón, millions of immigrants arrived by mistake and didn't improve their quality of life at all, while others argue that everything was perfect before Perón and there was no need for changes. The idea of industrializing the country and diversifying its economy is actually a strong proposal, but unfortunately, its execution was flawed. Additionally, this situation has led people to take extreme positions and fervently defend different politicians.
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actually having a nice paying job doesn't mean we're financially secured. We all need to put in an extra income earning chance like investment.
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Wow!! Impressive you trade with Mrs Ava Kimberly too! I thought people don't know her that well.... She's really awesome!
@@shirleya.osgood[
Good evening, incredible summary. I am Argentine and this year at the end of Alberto Fernandez's term I had to emigrate to Portugal, the economic and social situation was unsustainable. It is a great country that can be at the top, the problem is not only political but cultural.
may i ask why would you choose Portugal over spain which has the same language ?
I am 75, Argentine, came to Australia when 38 old. I am a labourer and was very poor. I sold my tiny one bedroom house and car to pay for the airfare, for me ,wife and 4 children. This is the best explanation for what happened to this beautiful country. Absolutely tragic. I miss my country so much. I did well in Australia.Thank you.
Talk about snatching defeat from the jaws of victory
Also the Panama canal made south American countries like Argentina and chile economically challenged due to less shipping traffic
I've heard there's another point to the Argentine mindset, one you didn't mention: blame the Yankees (USA)
Mum's family arrived in Bs As from Belgium and for some reason I don't know, they decided to continue the journey to Chile, I am so glad they did it.
Argentina never missed an opportunity to miss an opportunity. 😅
They're a prime example that blaming the Us, Uk, or imf whenever something bad happens is not a good monetary policy.
On the contrary lol
Argentina is USA fans
Now they want to dump their own currency and use dollar 🤣🤣🤣
No matter what happens in Argentina, no one comes close to the amount of talent they continue to produce, Maradona, Messi, Di María, Kun Aguero, Lavezzi, Macherano, K1ng (from Fortnite) Tango etc…
It is very well said in your narrative, "..Argentina never misses the chance to miss an oportunity, when there is an oportunity.." It keeps making the same mistakes again and again. The incompetence of its gobernments is directly proportional, to the ignorance of its population. In fact, those who follow Peron doctrine, do not believe in the quality of education, neither in the capitalism, as a way to estimulate direct inbound investment, to improve productivity and technological innovation. Socialism with any economic rationalism is in the mind of a bast majority of its population. So, we are once again headed to a major disaster, like so many times before.
Javier Milei
I think Argentina is a great country, too bad it didn't play out.
I’m in Argentina and been converting dollars to spend, and I don’t even have the heart to tell any local how cheap it is right now
I can't help but to thing my country Brazil is going in the exact same direction, almost like it's following a manual created by Argentina. So sad to think this is where i'm headed.
The formula for economic prosperity is drop-dead simple. Limited government, sound money, property rights and a predictable rule of law. You cannot blame corrupt political leadership. The core problem is that the people themselves don't understand and abide by this formula. They'd rather consume more than they produce by voting for more and more free stuff. The majority of a nation's citizens can only enrich themselves through excessive government redistribution for so long until the entire system collapses... which is exactly the road that the United States is on right now, unfortunately.
Free elections started in 1916, and in 1930 it was the first coup, then stated the infamous decade, wktj election fraud, people going to votr not knowing it the were coming back alive, no rule of law or democracy, no division of powers. There used to be a joke back then, it went something like this :"In the US we vote and the next morning we know who is our president, and an Argentine replied that's nothing, we know it 6 month in advance.
Institutions matter too
Yes Joe Biden and the democrats are destroying the USA. It’s obvious. Trump 2024.
E nas eleições de domingo, mostrou pq continuam na merda.
exatamente. Si no gana Milei, argentina va a seguir siento merda
eu prefiro que continuem na merda, a maioria deles merece...
Pelo menos, no segundo turno, eles perceberam que estavam errando e acordaram
Diferente do Brasil
Javier Milei will fix it if given time.
The best kind of freedom is the freedom from corruption... Or at least the least corruption.
as an argentinian almost all of the problems were because of sindicates and bad governments
South america at this point is bassically
-country with good geography
-many resources
-enormous potential
-begins to develop with good policies
-populist get in power
-overspending, printing money and cheap credits
-economy goes kaboom
-the guy gets reelected anyway
@@rubenssilva6902 the only good options now are trump bolsonaro bukele and milei
@@x-052 bolsonaro is not allowed to be elected anymore
And i would prefer someome like Ciro Gomes or Kim Kataguiri to assume brazzillian presidency
@@rubenssilva6902 😭🇧🇷🤝🏽🇦🇷
@@x-052 lets just hope stuff gets better for Argentina with milei
Because here we are already having a constitutional crisis
Protectionism...imagine it being cheaper to drive and pay hotels in Chile to get a PS5 rhan getting a PS5 in Argentina.
What song plays at 0:48?
From developed to developing, rich to rags is Argentina
The decline of Argentine political leaders is a consequence of old socio-economic problems. The country's main problem is the same as all other non-Anglo-Saxon countries, far from the marginalized northern hemisphere, (except for the Asians). The world was divided among the winners of the 2nd World War, and Argentina participated little in it.
Argentina relied mostly on agriculture and the changes of prices afected it's economy and created crisis, like 1895, and when other nations like the US started a process of industrialization it didn't pair up with those nations economic power anymore. Maybe the wrong policies were staying neutral in the two world wars and not pushing for the industrialization of the country like even the Soviet Union did in the thirties. After WW1 the US doubled it's manufacturing output, for example, and Europe owed them money when it was the other way around before the conflict.
Do you even know what industry is?
Are you of the understanding of the ressources required to conduct industrial production at medium or large scale?
Argentina is not rich in any of the required ressources for a competitive industrial production.
@@sebastianwallin3726 that is what I said, that Argentina around 1930 did not pursued industrialization as the US and other countries did. And even when Argentina had a good GDP per capita, still it was not because of industry like the U.K., that is what caused the decline amongst other things of Argentina from the begining of the 1900 to the end of the century, lack of industry.
@@sebastianwallin3726 Japan did not have resources, the U.K. either, today China does not have raw materials, yet they had and have powerful industries.
Argentina persued industrialization in the 30 but it was late. Usa was already an industrial superpower, they started in the 19th century, while Argentina got attached to a dying Sistem, the agriculture and cattle international commerce
@@fiorellagutierrezcelano2014 Argentina lacked coal and iron. So they were relient on getting it from abroad unfortunately rest of latino america was also not very developed.
When wealth concentrates in the political class, you are nearing the end.
i cant wait for your video on canada next
Populism and inequality. What could go wrong?
Please google "voice vs background music ratio", you doing it wrong.
Perón walked so Kirchner could run 🤣😭
Peronist leadership has been one the causes of the downfall of our country. People got used to laziness, living from state allowances and the like. No we are mired in this peronist environment. It´s up to the Argentine population to get rid of this poisonous situation and start a new period of growth but I very much doubt it. The recently election indicates and increases my doubts.
All by design. There's nothing random about this.
not design.....its just socialism at work
The same has happened to South Africa. Such a pity we have to put up with a corrupt incompetent government.
Spain, Italy and Portugal do not have folk who have the intellectual wherewithal to steer clear of socialism and corporate elite government cooperation.
We see this happening everywhere today.
As worldwide, folk lose the mental agility needed to stay clear of ideological entrappment.
🤞🇦🇺👍🏻
Hello Dom! Hope you are good. First, let me say thank you for videos that you do. I find them well researched and balanced, when the whole operation is basicly one man operation.. I imagine when making CZcams content creation being more hard then regular 9-17h, since not only do you need to form your own plans, find you unique style, make videos with specific audience in mind and also package all this into something that is both educational and informative.. I think with all the things we can learn, those of us that entered adulthood, yet when it comes to digital entertainment, find just mindless entertainment, without learning anything new, seems like a waste of time.
Keeping inner child alive, even when having adult responsibilities, is more important then ever.. We now make our own choices about how we will spend time that is only ours and quality and mood of digital entertainment over time can have huge impact on our mental health. Just two concepts from biological view is guilty of this.. One is selective memory, where negative situations are usually much more easily remembered, simply sense in the distant past, remembering what happened, last time you heard rustling in the woods, could be a difference between life or death.. Second concept is that in line with human nature, negativity does sell..
This is where my constructive criticism comes.. I can't help but notice, that you chose over and over again to cast light on maybe less known negative issues other countries, cultures have.. While I can see the predictable rise of sub's, from around 10-15k when I first started watching your videos, in the end, even knowing that being realistic and always having a critical eye when it comes to ones own country is highest form of patriotism, the fact that you mostly do other countries, makes for that negative bias really seen.
Now, I don't know how sensitive other people are when it comes to their digital diet and how it effects their global views, and also mental health but basicly once I finally see a creator using that negative bias that global mass media always uses and gives to those that consume it a world view that is even worse then the harsh, unfair world we already live in, but that tendency makes me unsubscribe...
Please, for the longterm health of your channel, I hope you can start doing videos where less known yet positive aspects of other countries, citiesx cultures are explored..
Playing on negative aspects of human nature, to make for more viral videos is a necessary evil, but, by the number of sub's you already got, I believe you could chose now to try and also give hope to people through your vids, and sometimes just learning of a new idea that is already successfully implemented somewhere else, and is making people's lives better, could be all that is needed to spark it.
I wish you the best on your journey, take care.. ;)
How can one explain the political ups and downs without a clear understanding of the financial and economic history of a region/country?
Consider, why did Argentina mysteriously open its borders to everyone and anyone? What financial and political leaders made this immigration decision? In the US open and free immigration had one huge motive: to drive down salaries and destroy organized labor which works hard, demands economic equality and a fair wage for its contribution to corporate profits. Massive immigration signaled the beginning of the end. The balance of power between labor and capital shifted! Sure, these newcomers can be exploited by everyone at first, from slumlords to retail merchants to latifundistas, but this exploitation leads to resentment and eventually a rise in crime.
Any time a country opens its doors to foreign investment, it is actually an invitation to exploit its own citizens and working classes. It's pretty obvious. When the working poor get fed up the elites try band-aids such as printing money! This only temporarily appeases the masses. As opposed to asking foreign investors to tighten their belts and pass on some of the profits to the workers who make all profit possible. Political "leaders" only do as their _financial_ backers tell them--from austerity to desaparecidos...
Without an honest exploration of economic and financial history one can't truly explain a country's political history; hence, my thumbs down on this video.
For a primer, please view videos by professors Richard Wolff, Michael Hudson, Jeffrey Sachs, etc. It's called Cui Bono or "follow the money."
Be well.
You can't open all at once, but you have to open, even china passed from communism to corporatism and open up.
The US is now on the exact same path...the cracks are slowly appearing,and the govt relishes in bad policy!
Such a contrast to Falkland Islands, which is ruled by the British.
Argentina is 3/10 the size of USA in physical size and has a population of 45 million vs 331 million for USA so I don’t see how it could ever rival USA. Not that it could not have been a very wealthy and powerful country. But the only countries with land and population which could rival US are China and Russia. Honorable mention to India, but it has 1/3 land size of US.
Could have been a second Canada much more than a second United States.
Brazil is bigger than the continental U.S. The fact of the matter is however that all countries of any consequence are under Zionist control.
yeah calling it anywhere near economically, militarily og influential compared to United States of America is directly stupid.
USA holds 5,3% of the worlds gas reserves compared to Argentina 0,2%
USA holds 2,1% of worlds oil reserves while Argentina holds 0,1%
USA holds 22,3% of worlds coal reserves while Argentina at 0,1%
USA arable land 1,65 million km^2 while Argentina at 0,33 million km^2.
By all means what Argentinians could at most have hoped for was to experience a gdp per capita similiar to that of Canada.
Argentina can hold at least 150 million people, that's another problem, lack of population. Argentina should aspire to be more like the UK or France in terms of economical, scientifical and military power.
@@LeonidasArg2021 The UK and France each have 60-65 million people and are among the G7 countries, the industrialized countries with the highest GDPs. And my own Canada has up to 40 million and is also a G7 country. Thus, whether Argentina has its current population of 45 million or 150 million or between, it might well be another, well, G8 (real-life G7 plus Argentina) country.
Argentina was never a contender for a superpower. It's heyday was unsustainable because it still depended on other countries' machinery and tech, and soy/wheat's international price set by other people.
But it still was contenders for a developed nation with high wealth
@@nikhilhembrom8952 it is still high in HDI as well as gdp
100 years ago Argentina and Australia were compared with each other. Both had similar living standards and economies. Australia also pushed migration. Today Australia still has a strong economy and currency. Australia has always encouraged foreign investment. Today Australia itself has investments around the world which are worth more than the foreign investments in Australia. Australia never gave everything to a small number of elite families. Australian law, unlike even the USA, protected workers rights. Industrial laws helped protect wages. It's political laws, based on Britain's, encouraged a 2 party system. Which has kept politics stable. Although not perfect the nations assets are more evenly distributed across the population.
Good luck Mr. Milei .
Incredibly, Brazil is not in the same path of Argentina. The country had already at least three presidents completely crazy at the helm. Brazilian economy is in good shape, in spite of the politicians.
Brazil is the most unequal country in the world. I wouldn't call that good.
@@kevinl8440 Brazil is one of the most, because there are many countries in this rank, including, USA and UK.
Well, Argentina is about to get another crazy president as well. We'll see how it goes.
They have an independent central bank.
Brazil doesn't fall apart like Argentina because the richness of the land, despite the general incompetence of different governs on combat political corruption and education growth support.
Viva Argentina ❤❤
A key missing part of this story is that unlike its Canadian or Australian counterparts which had fairly equal societies during the economic boom period Argentina absolutely did not. The country's fundamentals were off even before Peron.
This analysis is as deep as a saucer
You should do Pakistan 🇵🇰 next.
Very similar to Argentina, and the #2 most IMF-ed nation around
Great video ! Should do one on Venezuela! Greatest Economic calamity ever recorded in modern history
"Nothing I can do, total eclipse of the heart..."
Excellent explanation of the argentine craziness
Perónismo is still today dooming Argentina
El peronismo no existe desde que murió Perón ..los que están de esconden detrás de su figura....el Peronismo hizo crecer un montón Argentina..periodo 1946/55 y 1972/76...infórmate antes de decir cualquier cosa.