How Did Argentina Become the Richest Country in the World?

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  • čas pƙidĂĄn 10. 12. 2022
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    #Argentina has become a country addicted to crises. A country closed to the world and in decline that keeps losing positions in the global economic ranking. However, this was not always the case. It may be surprising, but the truth is that there was a time when Argentina was one of the wealthiest countries in the world. It even became the richest of all. There was a time when, for Europeans, the Argentine dream was equivalent to the #AmericanDream. In this video we tell you the story of how Argentina became one of the world's greatest economic success stories.

Komentáƙe • 338

  • @VisualPolitikEN
    @VisualPolitikEN  Pƙed rokem +14

    🔍 Have you checked out our new channel, VisualEconomik? czcams.com/video/_aj8XB76kKA/video.html

    • @FlamingBasketballClub
      @FlamingBasketballClub Pƙed rokem

      Y'all love Argentina and China đŸ€Ł

    • @Bigwhitedick
      @Bigwhitedick Pƙed rokem +2

      Bs video.. Argentina is no way near the richest

    • @MarieWest-tbic
      @MarieWest-tbic Pƙed rokem

      Subscribed just now and hit the bell!

    • @zombiekilldemon
      @zombiekilldemon Pƙed rokem

      This title is a lie. The idea that Argentina was "rich" is just a modern day narrative to push economic and social policies of elites. It is no different than the Lost Cause myth. Foreigners mainly white ones were rich. While natives and legacy civilians that were not connected to the ruling class were poorer and exploited with no worker rights. Starting off with your native population as poor to then importing a bunch of white Europeans while setting up trade deals that only benefits white elite and foreigners while other parts of the population starve doesn't make you "rich" it makes you a colony. The same logic used here to say why they were rich could be used to say India was the richest nation under the British which would be absurd.

    • @mythicalmining7999
      @mythicalmining7999 Pƙed rokem +1

      have you checked out your teeth?

  • @jantschierschky3461
    @jantschierschky3461 Pƙed rokem +115

    I was in Argentina about 20 years ago, especially in Buenos Aires it's very obvious it use to be a very wealthy country. Architecture, infrastructure etc, but it's also very evident that it was early 20th century. It's also reflected in the culture. Well politics can screw up good places very fast.

    • @jamesprice4647
      @jamesprice4647 Pƙed rokem +7

      Like in the UK.

    • @Tespri
      @Tespri Pƙed rokem +3

      @@jamesprice4647 what about UK?

    • @qjtvaddict
      @qjtvaddict Pƙed rokem

      @@Tespri screwed up by corruption from the Congo to the USA and Argentina now UK

    • @j4genius961
      @j4genius961 Pƙed rokem +2

      @@Tespri Haven't you watched the news? It's going down the drain

    • @Tespri
      @Tespri Pƙed rokem

      @@j4genius961 Not really

  • @radostinkanev8765
    @radostinkanev8765 Pƙed rokem +32

    My country Bulgaria is very similar to Argentina, in the beginning of the 20th century Bulgaria was one of the fastest developing countries in the world. But today both countries are in crises almost all the time and there is one main reason: corruption

    • @BongoFerno
      @BongoFerno Pƙed rokem +12

      The main reason is socialism.
      Corruption is just an effect of socialism

    • @tommyboman7735
      @tommyboman7735 Pƙed 6 měsĂ­ci +3

      No, socialism.
      Corruption comes from socialism. Bulgaria and Argentina both got "poor" and suffer because of socialism.

    • @deeptoot1453
      @deeptoot1453 Pƙed 2 měsĂ­ci

      Sorry to hear friend. Argentina was different though. It kne point it was the wealthiest country on the planet, highly sophisticated with great institutions. One of the world's most spoken languages and a great climate suitable for agriculture with abundant resources. Socialist policies combined with a sort of aristocracy/elitism absolutely destroyed the country. Add in some corruption and you have an absolute recipe for disaster. I hope Milei can fix the mess that is Argentina.

  • @williamalfonso1373
    @williamalfonso1373 Pƙed rokem +97

    At this point, with all the previous videos, we all know we can blame Peronism. But The Argentine citizens keep voting candidates that promote it. So no, at the current trend it will not be as wealthy as before.

    • @JM-qb2kd
      @JM-qb2kd Pƙed rokem

      The parties of handouts are always popular. The west has countless examples

    • @Etendard1708
      @Etendard1708 Pƙed rokem +2

      Peronism.. then Leopoldo Galtieri's junta rule.. it destroyed Argentina's economic foundations..

    • @williamalfonso1373
      @williamalfonso1373 Pƙed rokem +1

      @@Etendard1708 and then back to Peronism with Nestor / Cristina Kirchner now again with Alberto Fernandez.

    • @karankapoor2701
      @karankapoor2701 Pƙed rokem +1

      @@williamalfonso1373 is there a capitalist party in Argentina

    • @xehpuk
      @xehpuk Pƙed rokem

      @@karankapoor2701 I don't know if there is a capitalist party, few wish to call themselves that. Personally I think what matters is "rule of law".

  • @arcanios806
    @arcanios806 Pƙed rokem +63

    Well, semi-dictatorship and military dictatorship from 1945 to 1982 damaged the country massively. The damage still isn't repaired. But of course, someday Argentina will be a proud and wealthy republic and demcoracy again.

    • @user-ct3qm8wk7j
      @user-ct3qm8wk7j Pƙed rokem +3

      keep dreaming

    • @Maroon33
      @Maroon33 Pƙed rokem +1

      They don’t deserve it. Stupid arrogant crazy people

    • @The_InfantMalePollockFrancis
      @The_InfantMalePollockFrancis Pƙed rokem

      Yeah, and that only happened because another ideology was looking to destroy the wealth ;)

    • @arcanios806
      @arcanios806 Pƙed rokem +5

      @@user-ct3qm8wk7j Of course!

    • @arcanios806
      @arcanios806 Pƙed rokem

      @@Maroon33 Everyone deserves it. Even you

  • @ClannCholmain
    @ClannCholmain Pƙed rokem +112

    Argentina began the 20th century as one of the wealthiest places on the planet. In 1913, it was richer than France or Germany.
    Until the 1930s, the French used the phrase ‘riche comme un Argentin’ or ‘rich as an Argentine’ to mock the foolishly rich or, Argentine Exceptionalism.

    • @artman12
      @artman12 Pƙed rokem +6

      “Argent” is the French word for money

    • @ClannCholmain
      @ClannCholmain Pƙed rokem +3

      @@artman12 airgead is the Gaelic one, from Old Norse, eyrir.

    • @j4genius961
      @j4genius961 Pƙed rokem +2

      @@artman12 Yeah, but "Argentin(e)" is someone from Argentina, it has nothing to do with money

    • @yodorob
      @yodorob Pƙed rokem +1

      @@artman12 And also "silver".

  • @christopher756
    @christopher756 Pƙed rokem +39

    Currently visiting Buenos Aires right now. It’s weird because I know their economy isn’t hot, but the people here like to go out, spend money, and have a good time. Restaurants are filled to capacity and people go out til like 2am on the regular. But somehow they live on $500 month salary - it’s wild.

    • @Pyrochemik007
      @Pyrochemik007 Pƙed rokem +9

      The food is made by people with the same salary...

    • @scottlaux6934
      @scottlaux6934 Pƙed rokem +12

      Inflation is 100% a year. As soon as you have money you spend it. Plus food is 1/4 of what it costs in the US and tips are not the norm.

    • @jantschierschky3461
      @jantschierschky3461 Pƙed rokem +5

      The culture is still very early 20th European, you fake it. In Argentina perception is everything.

    • @Wahrheit_
      @Wahrheit_ Pƙed 7 měsĂ­ci

      Because nobody earns 500 a month there, the *city* of Buenos Aires has high salaries in comparison to the rest of the country, and yeah things are cheap

  • @ivogalabov1973
    @ivogalabov1973 Pƙed rokem +10

    Argentina has a great potential to be a rich country!

  • @Carla369
    @Carla369 Pƙed rokem +21

    I am
    Argentinian and lived in Mar del
    Plata and Buenos Aires. I moved to Dublin and also living in Berlin. For sure Buenos Aires is one of the best cities to live in.

    • @abdiellawrence397
      @abdiellawrence397 Pƙed rokem +2

      How is the public transportation in Buenos Aires? I'm thinking of going in March.

    • @luciano262
      @luciano262 Pƙed 9 měsĂ­ci +1

      Ahora estĂĄs en BerlĂ­n? Suerte y Ă©xito.

  • @amanzaildar199015
    @amanzaildar199015 Pƙed rokem +11

    I visit buenos aries last week. Its infrastructure looks like developed country. Wish they recover from economy crisis soon

    • @lindafukuyu5767
      @lindafukuyu5767 Pƙed rokem +3

      You know why? Because now they work closely with China who helps Argentina develop the infrastructure. Wait for Cuba, it will be a developed country pretty soon as they're working together and ask China's help to build their infrastructure.

    • @yesteryear
      @yesteryear Pƙed rokem

      @@lindafukuyu5767 thsts good, but i think china and the rest of asia finna go into a recession next year and the world by 2024/5 if we bein honest. china’s housin bubble finna bust and they foreign minister ssid they hsd 80~ days of oil left supposedly. japan’s goin bankrupt n refuses to stop it, europe leakn due to warin ukraine and da federal reserve just increased interest rates. sum is brewing.

    • @GeroG3N
      @GeroG3N Pƙed rokem +1

      @@lindafukuyu5767 Buenos Aires infraestructure has nothing to do with China.

    • @Wahrheit_
      @Wahrheit_ Pƙed 7 měsĂ­ci

      ​@@lindafukuyu5767Our infrastructure is European Parisian based, it has nothing to do with china, the infrastructure today doesn't compare at all to that of several decades ago, which was much more traditional and classic, but they're slowly destroying it, China has no say in our infrastructure because they're a completely different culture

  • @egg174
    @egg174 Pƙed rokem +81

    MAGA - Make Argentina Great Again

    • @artycuen3572
      @artycuen3572 Pƙed 10 měsĂ­ci

      Yeah, why not.🎉

    • @parptot
      @parptot Pƙed 3 měsĂ­ci

      hell yeah bro

  • @joemurphy791
    @joemurphy791 Pƙed rokem +22

    Isn't this that same country that defaulted three times already in the last 2 decades?

  • @Melbnolan
    @Melbnolan Pƙed rokem +24

    I love visiting Argentina
..Buenos Aires is one of my favourite cities.

  • @johnreton696
    @johnreton696 Pƙed rokem +21

    Argentina have a massive land like the usa and with manageable population its really easy for them to become developed country. Unlike Japan or Korea with very small land with no natural resources maybe culture play a role on the faith of the country. Latin Americans knows for being a bit relax all the time and always late unlike east asians who work really hard and diligently. And the politics there is so corrupt

    • @vvventure
      @vvventure Pƙed rokem +3

      In argentina is not lazyness. I live in Europe as an argentinian and I dont feel they work more than us, in any case, given the economy in argentina, people that want to keep up with its standard of living work way more than in a developed country. Argentina poverty is because of lack of capital, arg is outside the global markets and failed to integrate in the system often. Blame the politicians. As scoiety we fail to overcome inner conflicts, we are too divided and for a reason.

    • @luciano262
      @luciano262 Pƙed 9 měsĂ­ci +1

      ​@@vvventureSí que hay pereza, millones de personas viviendo de planes sociales que te cortan la 9 de Julio sin pedir trabajo.

    • @didforlove
      @didforlove Pƙed 8 měsĂ­ci

      @@vvventure argentina will always be a poor country

    • @leandrogabrielsalviagarram9224
      @leandrogabrielsalviagarram9224 Pƙed 6 měsĂ­ci

      The main issues are that we're very used to an eternal welfare state in which the state gives you education health for free, social plans, now travelling plan, plans for having a child, a lot of people working for the state, amd a lot more aiming to work there instead of the private sector which doesn't grow statistically since 2011 i mean we have such a huge state and people love those candidates who believe in strong state invertiona and tehrefore stop the private sector (small and big companies) from expanding, getting richer and then we have a small industry which copes with too many taxes, very strong labor regulations which can actually take companies to bankruptcy and that discourages investment, another issue is that we don't trust our banking system since 2001 Corralito, and that means Argentina offers little or no financial security neither do we trust our currency which has changed several times through the years and all have been eventually highly devalued, rich and middle class tend to buy dollars including my family , so we've a semi-dollarized economy which is very difficult to fix, so there are a lot of structural problems; so every time a liberal candidate wants to change this we have lots of union members making protest, unions that are controlled by Kirchnerism i mean we are too used to this structure and we're afraid to change. Another issue is that our politicians from almost all ideologies are one of the most corrupted in the world, have a look at Kirchnerism, Macri's panama papers, etc.
      Furthermore, we have a very closedminded and arrogant culture in whinch we tend to see the superpowers that could be our free trade allies as our enemies because of The Malvinas War, the invasion in 1807 and 1806, the UK, the Condor Plan,the US, and those beliefs and the socialist ideas are used to indoctrinate students in school especially in history classes. Moreover, we have a culture that tend not to respect the law, i couldn't name one president that fully respected the law, it's a problem we've had for centuries. Another issue is that the Justice system is also contaminated by politics ideology. Most of our politicians have robbed but very few of them end up in prison. However i believe and hope that Milei is turning it all around, most of his voters are the young, and they're the future, and we're heading to a new hyperinflation, so i believe these factors will make our people make a change so there seems to be a light at the end of the tunnel. I hope people are patient enough to wait for the changes long term

  • @jaydenclowers2616
    @jaydenclowers2616 Pƙed rokem +25

    Argentina can become a economic success, they need a change in leadership. Argentina needs a leadership that will change how it works socially as well as econmically.

    • @SP95
      @SP95 Pƙed rokem

      This is called liberalism but hated by red communist thieves

    • @RS-ls7mm
      @RS-ls7mm Pƙed rokem +1

      People say that a lot but somehow the leaders seem to reflect the local culture. It looks like when Argentina got rich they still held on to their hard working European culture. That seems to be gone. Basically the same in the US.

  • @AS-yg5dt
    @AS-yg5dt Pƙed rokem

    Awesome, instructive vid - thanks đŸ™đŸœ

  • @MarieWest-tbic
    @MarieWest-tbic Pƙed rokem +17

    Always learn alot from the content you put out! Thank you!

  • @Ryan-lx6oh
    @Ryan-lx6oh Pƙed rokem +66

    I hope they do! I've done a bit of traveling through South America and people from Argentina are fun as hell! It's funny how you compared Argentina to Australia because in my experience we are very similar especially considering the language barrier. (I am from Australia)
    I wish nothing but the best for Argentina and her beautiful people! (They are fun loven people that know how to party!)

    • @Mario_With_a_D
      @Mario_With_a_D Pƙed rokem +4

      Argentina winning World Cup just showed the world today how good Argentinian are to party 🎉 xD they are crazy 😜

    • @Ryan-lx6oh
      @Ryan-lx6oh Pƙed rokem +3

      @@Mario_With_a_D Dude I wish I was in Argentina now! Yeah it's great to see them win!!!

    • @sapee9169
      @sapee9169 Pƙed rokem +1

      @@Ryan-lx6oh muchas gracias ahora se viene hiperinflaciĂłn pero gracias, ÂżallĂĄ en Australia se come 3 veces al dĂ­a?

    • @luciano262
      @luciano262 Pƙed 9 měsĂ­ci

      I love Tasmania! đŸ‡ŠđŸ‡·đŸ’™

    • @Wahrheit_
      @Wahrheit_ Pƙed 7 měsĂ­ci +1

      ​@@sapee9169Argentina has to feed 400 million people, food isn't the problem, it's the issue of prices

  • @fareedezzedeen8017
    @fareedezzedeen8017 Pƙed rokem +6

    I had to slow down the voice to fully understand this important content.

    • @user-vo9wd6tx6c
      @user-vo9wd6tx6c Pƙed rokem +3

      Yeah, I'm a native English speaker and I still find his speech to be oddly fast.

  • @pd1648
    @pd1648 Pƙed rokem +7

    The British were the main investors and brought technology and knowledge to manage cattle, even the first train was made in Sheffield! Odd video to miss this out

  • @Demcatszzzzs
    @Demcatszzzzs Pƙed rokem +8

    It needs to decide on some sort economic policies, and stick with for more than a decade (only way)

  • @76luislara
    @76luislara Pƙed rokem +3

    Excellent Video. You should do one about Venezuela.

  • @ahmetben8812
    @ahmetben8812 Pƙed rokem +5

    Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.

  • @freetolook3727
    @freetolook3727 Pƙed rokem +14

    It's amazing that, with all their mismanagement and chronic inflation, they continue to thrive as well as they have.

  • @JerkerMontelius
    @JerkerMontelius Pƙed rokem +2

    Please do a special about the current events in Peru.

  • @michaelborror4399
    @michaelborror4399 Pƙed rokem +11

    They could invest in the development of neighboring countries and increase import/export relationships along the ports and extensive rail networks?

    • @hkchan1339
      @hkchan1339 Pƙed rokem +5

      They all export similar things, what they need is a major trading partner to export things they are unique at producing. Look at Japan, Korea and Taiwan, a strong industry sector and they got rich by exporting consumer goods to USA and Europe.

    • @antibosteriodismo5184
      @antibosteriodismo5184 Pƙed 8 měsĂ­ci +1

      El presidente menem saco las vias ferrobiarios

  • @76luislara
    @76luislara Pƙed rokem +9

    Cuba was very wealthy in the 40's and 50's too.

    • @tommyboman7735
      @tommyboman7735 Pƙed 6 měsĂ­ci

      Yes, before socialism. Same with Venezuela. And tons of other countries. Socialism destroys and hates.

  • @sandlemaker69t
    @sandlemaker69t Pƙed rokem +2

    Glory to Argentina!

  • @M-J-qn8td
    @M-J-qn8td Pƙed rokem +52

    Argentina shared a weakness with Canada and Australia: being very dependant on a single economic partner: UK for instance. They lost this partner during WWII, like Australia (Canada already had a new partner being thé USA after WWI), and it never won a new one unlike Australia that won USA as a partner and later Japan and later China. Also, unlike Australia and Canada, Argentina is not energy self sufficiant. And this later weakness certaine contribuer a bit To one last weakness: a relatively weak industry. Certainly, with better institutions and stability Argentina could fare better, but considering the weaknesses I cited I dont expect it ever becoming an economic giant again in the future even tough I certainly wish it a lot.

    • @reddixiecrat
      @reddixiecrat Pƙed rokem +11

      True. Argentina was overly reliant on agricultural exports. They never really industrialized.

    • @ihl0700677525
      @ihl0700677525 Pƙed rokem +11

      Argentina should be able to fare much better. IIRC Argentina possesses plenty of coal deposits (at least enough for domestic consumption) and high potential for green energy (e.g. windy southern region).
      But even if she really can not compete against Canada or Australia, Argentina should be able to at leaet compete with *New Zealand,* which share similar outlook and "weaknesses".
      There's no clear reason why New Zealand, which is a small country heavily dependent on agroindustry, right next to Australia, which is another agroindustry giant (i.e. a rival in international market), could become such stable and prosperous country while Argentina keep stumbling.
      Argentina also possess many advantages compared to Canada, Australia, and NZ, like geopolitical security (i.e. growing animosity between China and Canada/Australia), easy access to the growing market in South America and Africa, and also cheaper cost of labor.
      IMO main problem with many Latin American countries is "Socialism" (i.e. big inefficient bureaucracy run by inept central planners) and *corruption.*
      If Argentina could streamline its bureaucracy, reduce corruption, and adopt more *business friendly regulations,* she'll once again become a wealthy and stable nation.

    • @fosterslover
      @fosterslover Pƙed rokem +2

      Cheap energy is the key to wealth post-industrial revolution. The UK had coal and the US had oil.

    • @ihl0700677525
      @ihl0700677525 Pƙed rokem +1

      @@fosterslover Not the case with Japan and Taiwan.

    • @fosterslover
      @fosterslover Pƙed rokem

      ​@@ihl0700677525 Yeah, those are 2 pretty big exceptions. So much for my theory lol

  • @badluck5647
    @badluck5647 Pƙed rokem +1

    Someone needs to have a running count of Argentina videos

  • @Ephsy
    @Ephsy Pƙed rokem +4

    Note: it's Bartolomé Mitre, not Mite.

  • @gregoryferraro7379
    @gregoryferraro7379 Pƙed rokem +13

    Don't cry for Argentina. The truth is, potential never left it.

    • @mdjey2
      @mdjey2 Pƙed rokem +1

      Truth is, they never had a potential. At least according to CaspianReport.

    • @shzarmai
      @shzarmai Pƙed 11 měsĂ­ci +2

      @@mdjey2 how did Argentina never had economic potential?

  • @SportsIncorporated
    @SportsIncorporated Pƙed rokem +9

    The underlying will eventually prevail over the government. Governments come and go, the land pretty much stays the same.

  • @futbalverse007
    @futbalverse007 Pƙed rokem +10

    Political instability. 😱. Argentina football is so rich and great.

    • @johnmasterman
      @johnmasterman Pƙed rokem

      You have England to thank for that 😊

  • @davocc2405
    @davocc2405 Pƙed rokem

    Bah you can see my old apartment from one of the intro shots... Those are pretty old establishing shots though, the city's 50% construction site nowadays.

  • @taudom8317
    @taudom8317 Pƙed rokem +15

    Argentina printing money and then Pikachu face when they print there economy away

    • @888ssss
      @888ssss Pƙed rokem +1

      like the entire west then ?

    • @rho992
      @rho992 Pƙed rokem +1

      US also does the same, the only difference is that its currency is used as reserve currency so they export the inflation.. US literally 4x ed their currency during covid

    • @cardenuovo
      @cardenuovo Pƙed rokem

      And the IMF handing out loans like candy. It’s 17th loan (which the predatory IMF loan knows it can’t repay). Their most recent loan was the largest in all of IMF history!

  • @bzizou5966
    @bzizou5966 Pƙed rokem +1

    VP writing room meeting: 💡 let’s make smoother vid on Argentina

  • @azulnanni3602
    @azulnanni3602 Pƙed rokem +5

    PerĂłn... that's what happened

  • @containedhurricane
    @containedhurricane Pƙed rokem +11

    I think its economy is currently in a bad shape, but luckily their overseas footballers have been sending money from abroad

  • @lloydzufelt7514
    @lloydzufelt7514 Pƙed rokem

    Do a show Venezuela

  • @edwardgrigoryan3982
    @edwardgrigoryan3982 Pƙed rokem +1

    Wrote this for another VisualPolitik video on Argentina and thought it was apt to reshare here. Just a thought experiment folks, mostly having fun.
    "The year is 2065. The Sino-American war has led to a near collapse of global supply chains and a deep regression in globalization. The Neo-Peronist "Vivir con lo nuestro" party took total control of the Argentine government in a military coup 2038, and consolidated power over the 2040s. Since then, the massive import substitution industrialization push has caused Argentina, in relative terms, to be far better off than most of the world. By today's standards, this would hardly be something to celebrate. However, by the standards of the era of the Great Deglobalization, the Argentine standard of living stands head and shoulders above most nations. This was aided by Argentina being one of the few nations that was capable of having food and energy independence, the latter by finally maximizing the use of its untapped hydropower energy reserves. VisualPolitik is still alive and well, thriving within the successor to the Metaverse. Our virtual avatars are subjected to a drip feed of VR spectacles produced by VisualPolitik, expounding the genius underlying the Argentine model in immense detail, while the world around us burns. How times have changed."

  • @rudiandries4302
    @rudiandries4302 Pƙed rokem

    Always very interesting but due to incredibly fast speaker - helas- very difficult to follow - truly a great shame

  • @praveenkapilavai
    @praveenkapilavai Pƙed rokem +1

    The speaker needs to speak a little slowly

  • @mfsalatino
    @mfsalatino Pƙed rokem +7

    in an alternate universe british won the invations of 1806 and argentina is a super power

    • @yodorob
      @yodorob Pƙed rokem

      I wouldn't necessarily say a world superpower given a population size less than 1/4 that of the United States (though still twice that of Canada), but definitely a South American regional power on par with Brazil and a member of the G8 (which, in our universe, is the G7 that doesn't include Argentina by any means).

    • @mfsalatino
      @mfsalatino Pƙed rokem

      @@yodorob with western patagonia and marybird land

  • @tengkualiff
    @tengkualiff Pƙed rokem +11

    Damn is this considered clickbait if the video content is talking about the past?

    • @LuisSierra42
      @LuisSierra42 Pƙed rokem +3

      Let's say it's a soft clickbait because the title does in fact make sense

  • @Halcon_Sierreno
    @Halcon_Sierreno Pƙed rokem

    "Benus Ares". 👍

  • @elforeigner3260
    @elforeigner3260 Pƙed rokem +6

    My dad loved Buenos Aires (and La Habana) he thought Argentina, Cuba and Mexico would lead all Latin America into the first world!
    How innocent

    😂

  • @franciscogabriel6773
    @franciscogabriel6773 Pƙed rokem +1

    Title for this video: When Argentina wasn't socialist. Socialism distributes poverty and the wealth is concentrated in the political class.

  • @muhamadrizkyfadillah1592
    @muhamadrizkyfadillah1592 Pƙed 10 měsĂ­ci

    Very interesting, the southern nation who can developing a inclusive institution of political and economic in early of 20th century, but failed to maintain it.

  • @denisecastello
    @denisecastello Pƙed rokem +3

    I think populism has been the ruin of Argentina, and it's so pervasive that there is no turning back. The whole world should learn from this. So sad.

    • @tommyboman7735
      @tommyboman7735 Pƙed 6 měsĂ­ci

      Populism has very little to do with it. It was socialism that ruined Argentina.

  • @jbtechcon7434
    @jbtechcon7434 Pƙed rokem +7

    Our narrator could use some Crest Whitening Strips. Gross.

  • @informationcollectionpost3257

    Sounds to me like socialism slowly squeezed the money out of Argentina until it is at it's current economic state. It certainly needs to become an exporting country as it was in the past. I would say they need to resolve the Falklin Island issue with Britain and then get back to allowing North American and European powers to invest in their industrial base to both expand & revitalize it. Given its current relationship with the UK and therefore the USA; I don't see a foreign flow of investments happening. It may also help if they modernized their rail system. In short they need to invest In infrastructure & efficient production of products. They also need to maintain their control over their industry.

    • @Bolsonaro_em_Haia
      @Bolsonaro_em_Haia Pƙed rokem +2

      Not socialism. Rather, Peronism and nationalism.

    • @jantschierschky3461
      @jantschierschky3461 Pƙed rokem

      I would agree in most part, such opportunities lost

    • @tommyboman7735
      @tommyboman7735 Pƙed 6 měsĂ­ci +1

      @@Bolsonaro_em_Haia Peronism is socialist. Every government Argentina has had since the 1930s has been deeply collectivist socialist.

    • @Bolsonaro_em_Haia
      @Bolsonaro_em_Haia Pƙed 6 měsĂ­ci

      @@tommyboman7735 that does not seem to be the consensus.

    • @tommyboman7735
      @tommyboman7735 Pƙed 6 měsĂ­ci +1

      @@Bolsonaro_em_Haia Who cares what the "consensus" says? Most people think that a piece of cloth protects them against a virus, and that manmade global warming is real. Most people are idiots. If anything "consensus" should always be opposed because usually the opposite is true.

  • @pradeepmagan6951
    @pradeepmagan6951 Pƙed rokem +2

    Due to the UK - in hindsight the UK should have taken over Argentina and made it successful

    • @chinglee100
      @chinglee100 Pƙed rokem +1

      Just like how they made Jamaica or South Africa “successful” huh

    • @indiekiddrugpatrol3117
      @indiekiddrugpatrol3117 Pƙed rokem

      @@chinglee100 South Africa would have been successful if it wasn't for ANC corruption

    • @yodorob
      @yodorob Pƙed rokem

      @@chinglee100 Jamaica and even South Africa aren't full-fledged settler colonies the way that the US, Canada, Australia, and New Zealand are. A British Argentina would be a full-fledged settler colony just like the latter four.

    • @chinglee100
      @chinglee100 Pƙed rokem

      @@yodorob as an Argentine I’d much rather be hispanic than trashy anglo

    • @yodorob
      @yodorob Pƙed rokem

      @@chinglee100 There would be plenty of Hispanics alongside the Anglos in that alternate Argentina, so you would be in luck!

  • @chrissasin6676
    @chrissasin6676 Pƙed 8 měsĂ­ci

    Didn’t mention rule of law nor free market ?? Flawed analysis

  • @AGUANTE.
    @AGUANTE. Pƙed 7 měsĂ­ci

    We will back on trail, but saddly, many fellows country women and men, didn't acomplished theyr dreams, neither many more now... and the thing is not that we are a really trouble country in a way of suffering violence and extreme poverty, but we're going there, slowly, very smoothless...
    ... the thing that always botterme, and we see the same on this video, is not the risk of "become Venezuela", what yinks this that we could be Canada, but warmer :)
    Let's see what happen in this 2023 ending, I will back and inform you if you ask XD
    very acurate, tks
    cheers!

  • @triniboy775
    @triniboy775 Pƙed rokem +9

    Argentina was never on a trajectory to become anything more than what it is today contrary to popular belief. Their early 20th century growth was unevenly distributed and based primary on agricultural exports. The country failed to industrialize and always had dysfunctional institutions. This idea that Argentina could have been like Canada, Japan or Australia today is a myth and is based on a flawed premise.

    • @danmur2797
      @danmur2797 Pƙed rokem +3

      Oh they industrialized, building nuclear reactors, planes, submarines, satellites, etc. They just didn't modernize their economy as the rest of the world did.
      They also have huge state dependent social programs and employment--a situation similar to Italy, but without a Germany and EU nearby.

    • @danmur2797
      @danmur2797 Pƙed rokem +2

      Also--countries like Australia and Canada to a lesser extent still primarily depend on agricultural/commodities exports just like Argentina does, so it's not far fetched to say Argentina could have enjoyed a similar economy and standard of living as these countries.

    • @GeroG3N
      @GeroG3N Pƙed rokem +1

      Wrong.
      1-It wasn't unevenly distributed, as wages, prosperity, and ascending social mobility were higher than in Western Europe, Canada, Australia, etc. That's why 8 million immigrants arrived to the country.
      2-It was based primarily on agricultural exports, but the industry was growing faster than agriculture and livestock production.

  • @aeioubfjpv7591
    @aeioubfjpv7591 Pƙed rokem +4

    And now part 2, how socialism destroyed Argentina (Peronism)

  • @RikuLeppanen
    @RikuLeppanen Pƙed rokem +3

    Perhaps the World Cup win will mark a turnaround for Argentina.

  • @francoocchiuzzi.arg.
    @francoocchiuzzi.arg. Pƙed rokem +4

    Javier milei 2023

  • @tommyboman7735
    @tommyboman7735 Pƙed 6 měsĂ­ci +1

    Argentina was libertarian and free for almost 50 years, and was turned into a economic powerhouse and probably (at the time) the best place in the world to live. Since then socialism and destroyed the country, and the people, idiots as they are, keep voting socialist over, and over, and over and over again. Expecting better results each time. And now when they have the chance to vote libertarian again and get rich again, they do what? They vote socialist... The dumbness of people never cease to amaze.

  • @freetolook3727
    @freetolook3727 Pƙed rokem +2

    @7:15 Yup that's a basic tenant of immigration, to try and get out of poverty.
    You never see people immigrating to the Dominican Republic or The Congo.
    😂😂😂đŸ’ČđŸ’°đŸ’”đŸ€‘

    • @danmur2797
      @danmur2797 Pƙed rokem +1

      Actually you do see Haitians emigrating to the Dominican Republic

    • @yodorob
      @yodorob Pƙed rokem

      I think you meant to say Haiti instead of the Dominican Republic. Haiti is a virtual facsimile of Africa in terms of skin colour and grinding poverty and recurring crises of various kinds. The Dominican Republic, by comparison, is more developed - though not to the extent of Argentina/Chile/Uruguay or Costa Rica or certainly the developed world.

  • @debaprasad9379
    @debaprasad9379 Pƙed rokem

    😳😳 what's with this thumbnail

  • @yodorob
    @yodorob Pƙed rokem

    Finally...a CZcams video on the history of Argentine prosperity (plus its subsequent unravelling) that includes the British invasions of 1806-07 and what an Argentina with a British victory could have been.
    In short, more solid foundations (including especially more equal land distribution), an even heavier immigration wave that would both start earlier and last to this day (in which the British Isles-born join the Spanish-born and Italian-born as the charter ethnic group), a broadly-shared prosperity that would last to this day and wouldn't end in the 1940s-1950s like in real life, and way more economic/political stability than in real life (including no Peronism and no Dirty War).
    Oh, and it would include Uruguay, most of far southern Chile (most of Magallanes and all of Tierra del Fuego), and - since 1949 - the Falkland Islands (in that world, not a contentious issue and not generally called the Malvinas in Spanish). It would not include Misiones, though, as that would be in Paraguay.
    The population would be 70 million (as opposed to 50 million or less in that whole territory), with a Spanish-speaking to English-speaking ratio of 60-40. The Spanish speakers would include the descendants of most of the immigrants from Italy and Spain as well as the older-stock Spanish-speakers.

  • @devil2jz500
    @devil2jz500 Pƙed rokem +8

    In Argentina we are not allowed to ask our grandparents what they did in WW2.

    • @martindione386
      @martindione386 Pƙed rokem +2

      he sold grains to feed hungry British soldiers, transported by neutral cargo ships that didn't need Royal Navy escort, Britain owed USD 3.5 billions (40 billions in today money) to Argentina at the end of the war.

    • @jdjphotographynl
      @jdjphotographynl Pƙed rokem +1

      Suppose it depends on whether or not those grandparents have German surnames...

    • @EPK123
      @EPK123 Pƙed rokem +1

      My granpa was an electrician in Germany

  • @AlexKasper
    @AlexKasper Pƙed rokem +2

    When Argentine can get rid herself of all of those lazy communists (aka Peronists, among others), maybe there will be a chance for old prosperity to return.

  • @scottduke2809
    @scottduke2809 Pƙed rokem +1

    why are the videos speed up? it’s really f****** annoying.

  • @spicygamer5587
    @spicygamer5587 Pƙed rokem

    Next time please cover this topic "Why visual Politic every video host have yellow teeth??" #Dentalhealth

  • @AgainstCronyCapitalsm
    @AgainstCronyCapitalsm Pƙed 5 měsĂ­ci +1

    Milei.

  • @alanbudde8560
    @alanbudde8560 Pƙed rokem +3

    Congrats on the world cup though. Only thing keeping them running at this point lol

  • @freetolook3727
    @freetolook3727 Pƙed rokem

    @12:04 Decline mimics that of the US.
    So, as the US goes, so will Argentina.

  • @danieleyre8913
    @danieleyre8913 Pƙed rokem

    Argentina might improve. But these halcyon days will never return.

  • @gustavogoncalves3900
    @gustavogoncalves3900 Pƙed rokem

    Again?

  • @AchtungAffen
    @AchtungAffen Pƙed rokem

    Funny how we don't talk in the video about what happened after, during the '30s, when an attempt to end the "infamous decade" brought about the "infamous century". A poor bargain indeed.

  • @GggG-tb1mx
    @GggG-tb1mx Pƙed rokem

    Can you make a video about why there are no black people in Argentina it’s is an interesting and dark reason, it will make a great video

    • @yodorob
      @yodorob Pƙed rokem

      A British Argentina (which would include Uruguay) would be more akin to real-life Uruguay than to real-life Argentina in terms of the black presence. Not to mention that a British Argentina would, additionally, attract black immigrants from Brazil, Africa, and the West Indies.

  • @mfsalatino
    @mfsalatino Pƙed rokem +2

    Argentina needs thanos

  • @decus9544
    @decus9544 Pƙed rokem +56

    Vote for populists, and this is what happens. A clear lesson to everyone, though clearly one not heard by Trump supporters.

    • @thabisomakgalemane8686
      @thabisomakgalemane8686 Pƙed rokem +1

      You must be crazy Argentina have voted for socialist who implement the policies that destroyed it to these day

    • @DavidHalko
      @DavidHalko Pƙed rokem +2

      The difference is that populists that voted for Trump were not looking for free handouts, just a job. These generate wealth.
      Populists appealing to those who want free handouts... those are the issues. These are a tax on the wealth, through the power of the government gun.

    • @brunolima7402
      @brunolima7402 Pƙed rokem +1

      you're a dimwit that has absolutely no clue what you're talking about. Socialism is the disgrace of many countries.

    • @decus9544
      @decus9544 Pƙed rokem +6

      @@DavidHalko Jobs through protectionism, which increases the average cost of goods which we see now with the current inflation. It steals wealth from the majority just the same, and ends just the same.

    • @SP95
      @SP95 Pƙed rokem

      Socialism is populism, they spend their entire day hating a minority looking for their wealth and come lecture everyone else.

  • @honestguy7764
    @honestguy7764 Pƙed rokem +1

    Pelucas for President!!!

  • @jonahy9301
    @jonahy9301 Pƙed rokem +5

    Since when is Argentina the richest land in the world 😼

    • @daMacadamBlob
      @daMacadamBlob Pƙed rokem +11

      It was one of the most prosperous 100 years ago

    • @TheUltimateOpportunist
      @TheUltimateOpportunist Pƙed rokem +5

      It used to be. Watch the video.

    • @rjc09
      @rjc09 Pƙed rokem

      used to be ONE of the richest. NOT 'the' richest.

  • @samkelengcefa6207
    @samkelengcefa6207 Pƙed rokem +5

    Not another Argentina video. There are so many other interesting stories. Make some videos on Africa, Asia and other South American countries that are not Argentina. Please 🙏🏿

    • @SP95
      @SP95 Pƙed rokem +1

      Like african countries throwing out their presidents every six months ?

    • @martindione386
      @martindione386 Pƙed rokem

      they like to repeat all their bullshit about Argentina for their own agenda

    • @samkelengcefa6207
      @samkelengcefa6207 Pƙed rokem +1

      Try not to be so ignorant, there are 54 countries on the continent a great deal of which are democracies.

    • @samkelengcefa6207
      @samkelengcefa6207 Pƙed rokem +1

      @@martindione386 and I am starting to pick up on their agenda.

    • @yodorob
      @yodorob Pƙed rokem

      The Argentina story is a very compelling and unique one, for both good and bad.

  • @danmannz
    @danmannz Pƙed rokem

    The reason was elitist government schools and universities.

  • @chandu_dh
    @chandu_dh Pƙed rokem

    Americans I didn’t c that.

  • @VanRock.
    @VanRock. Pƙed rokem

    Lol :him one of the key names in Argentina history
    My mind: Messi!!!!!!@

  • @pardonwhat
    @pardonwhat Pƙed rokem

    Why does economic competition matter, who says wealth is working for the man.After safety, Freedom from the ratrace maybe a wealth worth having over the freedom to dominate!?
    If the people are employed and generally equitably happy then maybe they are already wealthy, on $500/mthh.

  • @ronniemwenda900
    @ronniemwenda900 Pƙed rokem

    Second đŸ„ˆ

  • @abinlukasabraham
    @abinlukasabraham Pƙed rokem +1

    Like Australia today? Or could have be like india, Bangladesh or Pakistan.

    • @chinglee100
      @chinglee100 Pƙed rokem +1

      Which would have been the most likely scenario unless the British killed off all the Hispanics in which case those currently living in Argentina would have never been born

    • @danmur2797
      @danmur2797 Pƙed rokem +2

      Argentina is already doing better than India, Bangladesh, or Pakistan. At least for the average Argentine.
      It could have been like Australia.

    • @abinlukasabraham
      @abinlukasabraham Pƙed rokem

      @@danmur2797 that's actually my point.. It could have ended up like those countries where the British took all resources

    • @GeroG3N
      @GeroG3N Pƙed rokem +1

      @@abinlukasabraham Those countries ended up like that because of their culture, not because of British colonialism.

  • @KamalUddin-zd4cw
    @KamalUddin-zd4cw Pƙed rokem

    Kanglu-tina

  • @stivenstivens
    @stivenstivens Pƙed rokem

    Same story as Cuba , same cause .

  • @Serif_0s
    @Serif_0s Pƙed rokem +9

    The anglo-saxon law with its emphasis on private ownership emerges once again victorious.

    • @fullmetaltheorist
      @fullmetaltheorist Pƙed rokem

      So Japan was Anglo Saxon?

    • @tiusernamenabalw
      @tiusernamenabalw Pƙed rokem +2

      The Anglo saxons were the most successful race in invading, looting and enslaving. They are also the first one to turn racism into science. They became civilized only a few decades ago, once they realized they do not have the power to pillage the world any more.

    • @pwp8737
      @pwp8737 Pƙed rokem +4

      @@fullmetaltheorist with total defeat in WW2 and American occupation, Japan was reorganized by the occupiers. The old elites, the samurai who promoted militarism and autarky were swept aside with open markets, promotion of commoners into positions of power and integration with the west. So, yes anglo-saxon values were grafted by the Americans on the Japanese tree to provide a stable, prosperous and peaceful ally to the US empire.

    • @fullmetaltheorist
      @fullmetaltheorist Pƙed rokem +3

      @@pwp8737 The point I was trying to make was that private property isn't an Anglo Saxon invention. Plenty of places have it and do it better than the anglos. The honest truth is the vikings, anglos and other getmanic tribes were fudalists who raided, pillaged and ruled over other countries before being assimilated into the nobility and general population. The view of them as liberators is fairly recent and wrong. Just look at England. You can clearly see that they installed fidal structures that became the aristocracy and later on the ruling and wealthy class. England was a very class segregated society for most of its moderns and pre modern history.

    • @Leopold_van_Aubel
      @Leopold_van_Aubel Pƙed rokem +3

      Lol. Countries with civil law have private ownership.

  • @nikjabiru5765
    @nikjabiru5765 Pƙed rokem

    Wah im surprised his teeth is less yellow in this video

  • @Izzy-qf1do
    @Izzy-qf1do Pƙed rokem +2

    They better win the world cup. That's all that matters right now. 😂

  • @McFlyYouSlacker
    @McFlyYouSlacker Pƙed rokem +11

    His teeth so yellow, he could butter bread

  • @ahmedbahaa4736
    @ahmedbahaa4736 Pƙed rokem +3

    I hope they beat Croatia😂😂

    • @luciano262
      @luciano262 Pƙed 9 měsĂ­ci

      đŸ‡ŠđŸ‡·â­ïžâ­ïžâ­ïžđŸ€­

  • @obi0914
    @obi0914 Pƙed rokem

    Then socialism happe ...

  • @Orielzolrak
    @Orielzolrak Pƙed rokem +1

    Excuse me! When a FEW people of Argentina were rich! IsnÂŽt the same

  • @AntoniEmanuel7328
    @AntoniEmanuel7328 Pƙed rokem +1

    Probably one of the most racist countries on the planet. Poverty is heartbreaking and has allways been a highly corrupt country with maybe a dozen elite families that have their hands on everything.

  • @gonzalo6828
    @gonzalo6828 Pƙed 8 měsĂ­ci

    The reason for the disaster in one word : Peronism

  • @WolfgangBrehm
    @WolfgangBrehm Pƙed rokem +37

    Capitalism. While they embraced it, they prospered. Then envy got the better of them and they tilted to socialism. Ever since then they are on a race to the bottom.

    • @sheikmahboobs7058
      @sheikmahboobs7058 Pƙed rokem +1

      Wrong... it's cause of Messi the Messiah

    • @zombiekilldemon
      @zombiekilldemon Pƙed rokem +2

      Wrong.. neo Lib economic policy is the problem not "socialism". The idea that Argentina was "rich" is just a modern day narrative to push economic and social policies of elites. It is no different than the Lost Cause myth.

    • @jpablo700
      @jpablo700 Pƙed rokem

      Envy or greed?

    • @ClannCholmain
      @ClannCholmain Pƙed rokem +1

      It was right wing authoritarianism that destroyed it.
      Where in the world is it easiest to get rich?

    • @noahkay3792
      @noahkay3792 Pƙed rokem +15

      When Argentina was "rich" none of that wealth actually went to the working people/ordinary people. Which was the reason there was a socialist movement. Dumbing it down to just "greed" accomplishes nothing.

  • @valimback5109
    @valimback5109 Pƙed rokem +1

    Argentina may win the World Cup, despite all that

  • @JazzyGinger1
    @JazzyGinger1 Pƙed rokem

    Hello, đŸŒșđŸ„€đŸŒčMay I share an Old Testament Verse with you from Daniel 7:14 "And there was given him dominion, and glory, and a Kingdom, that all people, nations, and languages, should SERVE Him; his dominion is an Everlasting dominion, which shall not pass away, and his kingdom shall not pass away, and His Kingdom that which shall not be destroyed." Also, can I share Isaiah 53:5 " But HE was WOUNDED For our TRANSGRESSIONS, he was BRUISED for our iniquities; the chastisement of our peace was upon Him, and with His STRIPES we are HEALED."đŸŒčđŸŒ»đŸŒ·
    God the Father loves you so much that He sent Holy Sinless Jesus (His Holy Son) to earth to be born of a virgin.Then, to grow up and die on a cross for our sins. He was in the tomb for 3 days, then Father God raised Holy and Sinless Jesus Christ (Y'shua) to Life! He appeared to people and went back to Heaven. We must receive Sinless Jesus sincerely to be God's child(John 1:12).After we get saved by grace through faith in Christ, if we truly love the Lord Jesus Christ, then we will obey Jesus(John 14:15). Mark 1:15 "And saying, the time is fulfilled, and the kingdom of God is at hand: Repent ye, and believe the gospel." Jesus said in John 14:15 "If you love Me, keep My commandments. "There's a real hell. It says in Revelation 21:8 "But for the cowardly, & unbelieving, and abominable, and murderers, & immoral persons sorcerers & idolaters & all liars, their part will be in the lake that burns with fire & brimstone..." Please sincerely receive Holy Jesus and put your true faith and trust in Him today and please repent. Will you have a Real encounter with Holy Lord Jesus (Y'shua is His Hebrew Name) and stay in a Genuine relationship with Him daily please?

  • @pwp8737
    @pwp8737 Pƙed rokem +7

    Blessed is the country founded by the English, for it will have a prosperous future. Not so if founded by an Iberian.

    • @marcosjavieralemangarcia8859
      @marcosjavieralemangarcia8859 Pƙed rokem +3

      you're right.. as an example of British Empire, Ghana, Nigeria, India and large etc of super-rich ex-colonial countries...of the English.. come on..

    • @pwp8737
      @pwp8737 Pƙed rokem +2

      @@marcosjavieralemangarcia8859 I was referring to the settler colonies; those countries you mentioned had pre-existing peoples and cultures.

    • @indiekiddrugpatrol3117
      @indiekiddrugpatrol3117 Pƙed rokem

      @@marcosjavieralemangarcia8859 all of those countries are rapidly developing especially compared to their French or Spanish colonised counterparts