ARGENTINA: The country that PUNISHES EXPORTS - VisualPolitik EN
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In Argentine politics, the concept of "international trade" is treated practically like heresy. Throughout the world, many countries hinder imports - a policy whose results, by the way, usually end up being the opposite of those intended. What is not so common, however, is for governments to hinder exports, which is precisely what they do in Argentina.
But why is Argentina so hostile to foreign trade? What are the obstacles? How could the Land of tango and barbecues turn foreign trade into a huge source of wealth? In this video we answer all these questions.
*This video was made with the help of Professor Alejandro Gómez.
so basically an italy without the EU. The funny thing is that i always hear several of my fellow italians (almost all over 50 years old) who think that we should do what argentina does.
Pure idiots. They should be forced to imigrate and stay there to experience first hand what happens.
@@BOIOLA08 unfortunately they remain here and vote.
What do they like about the Argentine system when it is a poorer country than Italy? You don’t see South Koreans advocating to copy North Korea
@@sirsurnamethefirstofhisnam7986 well, that's a very good question. My view is that our modern civilization does not allow people to pay for their stupidity. Ppl grow up believing that the world revolves around their beliefs. Then you have smartass politicians that feed their political power of that stupidity.
@@BOIOLA08 Universal suffrage is becoming a serious problem.
I have the solution: every country in the world should do what Argentina is doing, then Argentina will do the opposite.
I would vote for this solution
With food shortages appearing many food exporters are restricting food exports.
I’m argentinian, and let me tell you, this would work for sure! Lol
Peter Zeihan should watch this video. He is constantly telling his audiance what a great future Argentina has and what a grim future Canada (my country) has. Canada is doing pretty well and will continue to do so for the foreseable future, in my opinion.
He really misses the importance of factors like culture, infrastructure and institutions while focusing too much only on geography and demography
Argentina simply has ALL the ingredients to be a mini-USA on the South American continent. Peter shows how Argentina has all the amazing navigable rivers, agricultural heartland, and mountainous terrain full of minerals and precious metals. They have no powerful enemies and are ocianically-distant from any major and threatening powers like the USA. Argentina simply is politically retarded by its socialist and authoritarian politics.
Canada is weak. Your demographics are screwed up everywhere but the oil and prairie states. Bi-lingual requirements stunt the rise of potential good leaders. Canada pays the French too much to stay. You all use oil but refuse to streamline its production domestically because the climate doomsday cult are too numerous.
If anything Argentina is the prime example of how poor governance and decision making can ruin a country. If Argentina was even just run more like Uruguay or Chile it would be doing so much better
@@sirsurnamethefirstofhisnam7986 very true. They have all the makings of a great sandwich. The problem is the real politic is a turd and no matter how many fresh and delicious topping you have... once a turd is in the sandwich. It's a turd sandwich.
It's like politicians purposefully think "how can we screw the economy even more?"
That's exactly it. Like it's said on the video, is not that hard to come out of this constant crisis, we only have to open up to the world (among other reasons like finally starting to lower the giant public spending in god knows what and lowering the heavy taxing load on production).
But the prime reason we don't do it is because politicians take these stupid decisions due to the preassure of unions and other socials groups with their own ilegal interest. And making shady negotiation with other socialist countries. All hiding in a "progresive" agenda to make society more "equal".
Yeah we are a joke to the world, it's embarrasing when we heard how other parts of the world sees us. Like they can't believe what crazy shenanigans we came up with.
My friend described it like this.
Argentina is like a plane where the pilots do not know what they are doing, the plane is on autopilot going nowhere. It’s only a matter of time until it runs out of gas and crashes. The flight attendants are gossiping in the back.
as an argentine many here think the same
Read “The dictators handbook” which describes how basically every power structure works. At its core it’s all about leadership attainment or survival ie who do I have to keep happy/keep support to attain or keep this position. It’s why your manager will kiss his bosses ass while not giving a damn about you, it’s why a dictator will let his people starve while buying millions of dollars worth of cars to generals. Simply put this system keeps the powers that be in power, until the keys to power change or who they support changes things will stay the same. Think of it this way if to be president you simply needed the support of Ohio why would you promise or give anything to anyone outside Ohio? To do so would give a rival the ability to promise Ohio more than you can thus giving them the support and thus the power.
The leaders are the result OF the system
Exactamente
The Dominican Republic is moving in the opposite direction. The government wants zero bureaucracy and wants to turn the country into a regional logistics hub, etc.
Good. Exports and industrialization are the key to a good country.
And they will sell their country to foreign whims and companies. Both have their bad side.lets hope the Dominican republic can make it work.
Increased trade and industrialization seem to work well for the US and China, so this is a no brainer for the DR. There are other reforms needed like rules of law and enforcement to maintain security (lowers crime) which in turn promotes investors confidence (especially the foreign kinds--FDI), transparency to fight corruptions (like what Ukraine is currently doing to lure European investors), lowered taxes, etc. Finally, the government needs to help the people start businesses or get the hell out of the way. Dominicans in NYC are natural entrepreneurs who work very hard and can sell almost anything!
Argentina is a cautionary tale of an economy destroyed by Protectionism. Protectionism is also the reason why the Philippine Economy didn't grow rapidly as its neighbor in Southeast Asia. Only recently the legislators started to ammend the FDI Laws. Hopefully the next administration will continue to open up our economy to international trade.
We are forced to buy products made here, of lesser quality at high prices, just so we can say we have national industry, all the while they have no incentive to better their products because they have almost no competition.
Truth! I often hear from people that allowing foreign trade and investments is akin to "neo-colonialism", yet continues to be a tool of the local protectionist oligarchy. The colonial era ended in the 1940s and yet people still see history in those terms.
Not just protectionism, it's sprinkled with a form of socialist governance which stifles all of the economy hard.
FDI of the Philippines is way lower than that of Thailand and Singapore, in times of global crises, the latter countries will feel the pain most compared with Zimbabwe.
Argentinian here. Its actually a cautionary tale about populism and socialism/communism. The protectionism is done because of that, we pay most of our money in social security to people that doesn't work, which sometimes earn more than medics for example. In order to keep up with that huge expending, money prints a shit ton of money and comes with ridiculous protectionism.
On a very cynical note, the current situation in Ukraine presents a massive opportunity for Argentina. Ukraine is basically a massive farm and will be out of action for years to come. Argentina is also a massive farm and could easily take advantage to that gap in the market. But the inward looking government don't have the capacity to think like that.
This particular government with Alberto "bigote de chele" Fernandez as president is probably the dumbest of all our history. I'd rather see Ukraine prosper again, they deserve to overcome this, we don't. It seems we need an ultimate crisis so we can finally wake up from this nightmare called peronismo (wich is the superior form of populism). Slava Ukraina!
naah fam the world cup is on the way in 2022 soooo
@@BronzeArms
Vamo vamo - Argentina
Vamo vamo - a ganaaaa
Questa bandaaa - quilomberaa
No te deja, no te deja de alentaaa!!!
That might be true but while Argentine politicians are sleeping India is slowly taking over, they recently signed deals with Egypt and other wheat importing countries, Indian wheat is easier ti transport and is much cheaper as they have a 24 million ton wheat surplus which is just sitting in wear houses
Reallyyyyyyyy????? Wow!!!! What a great idea!!! No one thought of that! You should run for president!
VisualPolitik with a Argentina video. First one since October 1/2020.
Argentina has still many bad policies to talk about lol
It sounds ridiculous, but it is all exactly as shown in the video. But how do people live there? They don't live, they survive as best as they can.
A friend works remotely for a consultant abroad and gets paid in dollars. For every dollar he gets into the country, he gets only the equivalent of 40 cents. Some years ago many of my friends had salaries of around 600 euros per month. This year, some are working for 300 euros (and half of it paid under the table)
It is an absolute disaster, but it is a deserved disaster. The populist governments do have the support of the majority, somehow. A total shit show
They have the support of the many millions that they pay social security to, not to mention the dozens of socially militant organisations that bring the city of BA to a halt several times a week, yet are injected with government funds of millions of pesos. These are the people that prop up the revolving doors of Peronist governments and that's just the way they like it.
@@Rufinoman Move the capital to Viedma then. Oh no! That costs a lot of money. Wait....
I live in argentina and i understand the huge crysis that whe are crossing but is not like we survive every day, we have a modest live.
Battle not with monsters, lest ye become a monster, and if you gaze into the Argentine economy, the Argentine economy gazes also into you.
Underrated comment
@randomguy9777 So at least Argentines could find a money making niche: They would make macro-economic mistakes all the time. Then, they would sell those bad examples to the world to watch so that the world does not make those mistakes. Then they would charge fees for those exemplary mistakes that educate the economists all over the world. They would make money out of that. Good idea?
people deserve what they get after all they did vote for it over and over again. Argentina is the one country where politicians deliver on their promises , lucky , lucky, lucky , lol
People deserve what they vote for if they have the whole information
@@tomlxyz What makes you sure the Argentinians don't have 'the whole information'? Just cos they choose differently from you?
@@tomlxyz They have the information it is free online.
Unfortunately for us (as Argentinian) there's been a constant destruction of education quality from decades. So there's a huge percent of people that vote that can't understand text meanings or even read properly. There has been a huge rise con drug trafficking, violence, ignorance, povetry... and THAT'S ON PURPOSE.
These governments will subsidize lower classes, basically giving free money requesting nothing in return. This has been done from decades and you have a large segment of the population that think that these subsidies are a legal right, and they will light on fire everything if they are taken away. Generations of people that aren't willing to work, and even consider robbery as a work (yes, you hear the mother of the arrested or killed criminal saying that he was a nice guy, that was only "working").
All this comes from huge taxes to the productive and private sector. Basically you work 8 months for the state (to pay taxes) and the rest 4 are your earnings.
Peronism, and every single elected (and not, we had several coups and dictators) government has been a disaster, with only a few years of "spring" during the Menem period.
So we now have a new generation of exiles, the ones that work in tech, the ones with education, the ones that can get an european passport, the lucky ones. We have a drain of intelectual talent and the future is grim.
I just can't explain how frustrating is to live here with all this nonesense, instability and lack of future, knowing that things won't change, no matter who comes in the next ellections.
So no, a large part of our population don't deserve what we have, we deserve better.
I was just having an argument about Argentinian economy with my mom (we are both Finnish) for some reason.
Thanks for providing me a little bit more insight about the matter.
Yo soy argentino y acá está todo muy complicado, no solo la economía. Todos los servicios públicos son un desastre al punto en el que si no estás en la capital del país o en el conurbano te dejar morir si tienes algo complicado como cáncer, diabetes o heridas muy graves, en el caso de la salud por citar un ejemplo, pero hay más, cualquier trámite es altamente burocrático, si te roban en la calle y no hay un policia cerca que esté viendo nadie va a hacer nada porque eres uno más del montón al que le pasa lo mismo y te toca joderte. El sistema educativo es tan pero tan malo que hay en algunos lugares que los chicos pasan a secundaria (11-12 años) casi sin saber leer, escribir o restar (yo tuve compañeros que no sabían leer fluído en voz alta), las universidades públicas están llenas de publicidad de política comunista, graffitis, basura y olor a marihuana. Los servicios de trasporte no son muy malos pero por ejemplo los trenes y subterraneos los políticos nos los querían hacer ver como nuevos cuando tenían 30 años de antigüedad, hay muchos bus (fuera de la capital principalmente) que son modelos viejos que ni aire acondicionado o ventiladores tienen y cuando hacen 40 grados o más se vuelve un sufrimiento, algo que también pasa es que hay gente que roba entre entradas y salidas del vehículo, lo más seguro es ir en moto o carro (ya sea personal, taxi, remis o uber) ya que en esos casos no pasa. Y en cuanto a medio ambiente es casi como explicarle un color a un ciego, la producción de cualquier cosa está mermada y eso incluye a todas las fuentes de energía.
Lamento si tienes errores al traducirlo. Ustedes son MUY afortunados de vivir en Finlandia en estos momentos, más allá de que el clima sea una mierda y haya poca luz en invierno no tienen problemas de verdad la población en general, acá hay muchos niños y niñas que mueren de hambre y familias enteras que toman agua de los charcos por no tener acceso al agua o gente que muere de frío por no tener acceso a calefacción. En fin, saludos!
Please watch BadEmpanada's videos on Argentina ("the myth of Argentina prosperity" or something like that) and on this channel. This content is the opposite of insight
@@maueflcoach1506 No.
Hyvää päivää. I knew Duolingo Finnish would come in handy some day. So who won the argument?
Everything in Argentina is twice the price that it is outside. People used to go to Miami and buy 4 iPhones; sell 3 on return and it would pay for the holiday.
Amazon doesn't ship here for most things. I wanted to buy a small microphone for US$30, which would ship, but I would have to pay US$160 for tax. So I just have any stuff sent to a US address and wait for someone who is travelling to pick it up.
If you have a VISA or Mastercard issued by an Argentine bank and try to use it outside the country you have to pay 35% tax - foreign holidays are too expensive for most people.
Jeez
The 35% is only the "earnings" tax. You also pay other taxes for a total of 69%. You can check this if you pay netflix for example, even though netflix charges in pesos, you will still pay the 69% tax. That has made a lot of applications to become really popular, like steamcito, which shows the "real" cost of buying an steam game by multiplying its cost for 1.69
@@nicolasreta2248 I pay a lot for my Spotify too.
as an argentinian, I have to say your description is accurate. Insane country
The argentineans have to stop electing the interventionists either left or right and maybe the country will get out of this quagmire.
@@TechWithGreg1 It's difficult, as those politicians have 50% of the population (poor people) hooked on welfare, so those people (they are also uneducated) are told "if you elect anyone else, you'll lose your benefits" so they still vote for them... and each of those still count as one vote. There is no way out for our country, as some people say here "the only way out is Ezeiza" (the Buenos Aires international airport).
As your an Argentine its your duty to vote with your head in next years elections
The only political party that can save Argentina are the Libertarians with Javier Milei
their the only viable intelligent solution.
VAMOS LIBERTARIOS
VIVA LA LIBERTAD!🦁
When i was working for a company named Tibbo 15 years ago, we export or communications module all over the world, but Argentina is just weird. They want our customer to pay taxes on shipping defective units back to us is Taiwan(yes it was marked "made in Taiwan" clearly), our customer refused the outrageous tax(can't remember the number, but it was some crazy amount). The custom agency just drilled through our modules before letting the package on.
And there were no point testing the modules after that.....
It is first time that their is such tax.
50% is the tax import here.
This sounds awful like Nigeria. The same thing is happening in Nigeria now. You should check it out. Same double exchange rate. Very bad situation
Most of africa in a nutshell.
I actually think it is minor miracle that Nigeria has not had run away inflation akin to Weimar Germany yet in its history.
@@pollytix7271 it's different in Kenya. If you want to exchange money in Kenya better go to a bank. The street rates are 10% lower
It's crazy, I used to think Argentina was one of the more stable Latin American countries. After watching several episodes on Argentina from VisualPolitik, it seems like they have so many issues. They are on the way to becoming a Venezuela.
too late. We are worst.
@@josefranciscojimenez7016 I don't think you guys are as bad as Venezuela yet. Although if leadership doesn't improve, Argentina could turn into a Venezuela.
1- Yes, we're one of the less stable countries out here.
2- We're still the fourth at gdp per capita and second at hdi
3- No, many think that we're on the way to become Venezuela, but not really, our economy is very diverse, while Venezuela's was dependant of oil.
@@HolyRomanEmpire962-1806
Diverse? everything depends on soy and peronism!
Two possible solutions:
1) balkanization via civil war (unlikely)
2) descentralization and parlamentarism (unlikely also)
This wont change with "austerity", that's just wasting time. Again.
Unfortunately for us (as Argentinian) there's been a constant destruction of education quality from decades. So there's a huge percent of people that vote that can't understand text meanings or even read properly. There has been a huge rise con drug trafficking, violence, ignorance, povetry... and THAT'S ON PURPOSE.
These governments will subsidize lower classes, basically giving free money requesting nothing in return. This has been done from decades and you have a large segment of the population that think that these subsidies are a legal right, and they will light on fire everything if they are taken away. Generations of people that aren't willing to work, and even consider robbery as a work (yes, you hear the mother of the arrested or killed criminal saying that he was a nice guy, that was only "working").
All this comes from huge taxes to the productive and private sector. Basically you work 8 months for the state (to pay taxes) and the rest 4 are your earnings.
Peronism, and every single elected (and not, we had several coups and dictators) government has been a disaster, with only a few years of "spring" during the Menem period.
So we now have a new generation of exiles, the ones that work in tech, the ones with education, the ones that can get an european passport, the lucky ones. We have a drain of intelectual talent and the future is grim.
I just can't explain how frustrating is to live here with all this nonesense, instability and lack of future, knowing that things won't change, no matter who comes in the next ellections.
Cipayo botón e ignorante.
Hi Ivan, do you have a messenger, I want to ask you questions about Argentina
As brazilian ,It is pretty sad see our neighbords struggle so much to keep the healthy of argentinan state. That is the result of years over years of latin america populism and wrong choices in the gov. All spanish speakers in latin america are fated in the same porpouse, Bolivia, Chile, Argentina, Venezuela, etc. They all, have the commum core on their culture of populism culture. Especially in argentina with the peronoismo (the movement that follow the populist domingo peron and eva peron)
GDP per capita in Argentina is higher than Brazil
Brazil is continental country with 4.5 times the population of argentina. The GDP per capta is slight higher than the brazilian. So we have 4.5 times the population of arg and almost -20% the gap between our gdp and their gdp. So is relative
@@reddixiecrat dude, 50 years ago ARGENTINA gdp per capita was like 20 times of Brazil, now its just slightly higher.
Brazil is poorer than Argentina mate haha in GDP per capita and slower Quality of life.
@@boni5276 our currency stills stronger. If you're middle class its better around here
Could you do a video comparing the Argentinian economy with the Brazilian? Considering their bizarre economy, I’m curious why Argentina outperforms Brazil on a per capita basis.
Because the brazilian population is 4.5 times bigger than argentinian, and, we have a big social inequality between southern states like São paulo and Rio and Northern States like Amazonas or sergipe
That’s the great thing about per capita measurements. Population differences are already accounted for. It’s a more honest comparison
@@reddixiecrat you know China will never have better per capita then uae,qatar or even usa. Big population definitely can't have bigger per capita it is not a good information.
@@ShubhamMishrabro That’s a very ignorant statement. UAE is wealthy because of OPEC. That’s simple to understand. Now who has a larger population, the USA, Russia, or even Canada? Population is irrelevant. Brazil and Argentina are fair game for comparison and Argentina is winning
@@reddixiecrat Demographics, I suspect. Argentina does not have the ex slave population that Brazil has.
Good video. Thanks.
The saddest part is that you get used to this. We have like 20 diferent price of dollar hahahaha
Great information and video history repeats itself and we are experiencing the same graft and corruptions.
I dont know anything about the Argentinian government, but I would assume the obsession against foreign trade probably (similarly as communism) was first driven by ideological lunacy and then later by personal gain of the powerful. Anyone knowledgable in the subject feel free to affirm or dispel my assumption
Nazism
Well, this ideas became very popular in Argentina since the 1940s when Perón took power. And Perón implemented economic policies inspired on Mussolini's Italy (as he had his political and ideological education there).
But today Peronism has turned to be predominantly left-wing as they adapted woke ideas like feminism or LGBT to their agenda. However, there are both right and left wing peronists, in spite of being the leftist more supported today. Un Argentina you can find communists, socialists, fascists and even liberal/libertarians that define themselves as peronists.
Peronism became as argentinian as the tango is.
It's because of the great depression, before that we were an open market like the US
@@cssaf That idea of the LGBT movement being leftist is funny, considering the huge quantity of gays and lesbians who support right wing politics LOL. There are even known cases of gays and lesbians who were or are members of far-right parties.
@@cssaf using terms like “woke” makes you ignorant. Just like here in the US, most people who are against “woke” ideas are uneducated and ignorant on real problems. The US and most developed countries are pro-LGBT, etc. Conservative people are the reason many countries don’t develop and you are part of Argentina’s problem.
It's mind blowing to think that faith and future of billions of people on this world is decided by few hundred of people called politicians.
Sound similar to India before 1991.
Although in recent time import substitution has increased but its is no where nere the scale mentioned in this video.
Lisence Raj 1950-1980
great narrative, kindly do one for Colombia, thank you.
Argentina IMO suffers from what I call Capitol City syndrome which you often see in the 3rd world. Everything everything flows through one city and the Porteno (inhabitants of Buenos Aires) elite there go to the same schools, eat at the same restaurants, join the same clubs etc. It makes it very easy to cut backroom deals, fuels corruption. They live well while life can be very hard for the rest. Conditions seemed much better in Uruguay, a ferry ride away, or Chile on the other side of the mountains.
Completamente de acuerdo. Todo lo más importante está en la capital y la polación super concentrada en esa zona. De 44 millones, casi unos 3 millones viven en la capital y otros 12 al rededor de esta dando el resultado de que más del 40% de la población del país esté en una sola provincia de las 23 que hay, la 2° provincia más poblada tiene algo más de 2 millones, un par más tienen más de 1 millon y el resto tienen menos. Actualmente en Argentina existe un proyecto de trasladar la capital que fue iniciado en los 70's durante la dictadura, pero que fue pausado por varias y obvias razones, pero como nadie canceló ese proyecto, todavía sigue en pie, fue ideado para trasladar población para que no esté todo tan concentrado en CABA y el conurbano no sea tan inmenso. Pero los problemas actuales del país son tan grandes ahora, que eso de trasladar la capital hacia casi la Patagonia es tan poco relevante como el cambio climático.
Yes but no, the capital has many "favelas" while the rest of provinces are much more stable and don't have as many
Move the capital to Viedma
@@JonasPrudas Eso mismo! Hay que continuar el proyecto de Carmen de Patagones. Sino otro lugar de la Patagonia.
Thanks!
Your stuf is *amazing* please do one on Croatia!
Some very good questions about why Argentina is the way it is. I believe the obstacle is purely mental and lack of imagination. Argentinians are probably as talented and as intelligent as the best in the world so it’s about overcoming the mental barriers. As long as those mental barriers are not based on religious beliefs, it’s possible that an outstanding Argentinian can bring the country forward within a short time.
Ideology is as strong as religious beliefs
To be fair, to tax or block exports make so much sense as to tax and block imports.
It's almost the same here in Brazil. I'm convinced that our political and ampresarial elites work very hard to keep my country poor. It's baffling how rich our country is and we don't harness it's potential.
Change comes at the price of societal participation and a LOT of individual research/understanding. This also bring unrest and instability. People have to be willing to endure to effect change. Corruption is hard, but you can defeat it. I believe in you all.
Not quite, in the case of Brazil, protectionism isn't a major card.
Government incompetence, corruption and a completely ineffective judicial system are to blame for our many problems.
In Argentina, the government forces the economy to remain domestic. In Brazil, the government WANTS you to go global, but overtaxes and overregulates you in every step on the way.
@@danilolabbate Yes, it is quite the same case in Brazil, the government doesn't want foreing merchandise in it's soil.
The only difference from Argentina is that the Brazilian government doesn't create too much problem for companies to export their products, but like Argentina, Brazil creates a lot of problems to importation and to those foreing companies thinking about investing in Brazil.
In the "Doing Business Index" Brasil occupies the 124º position, whilst Argentina occupies the 126º.
In the "Economic Freedom Index" Brasil occupies the 133º position, whilst Argentina occupies the 144º.
Not so different after all.
@@tyranomu Indeed we are quite low, but our problems are different. Government doesn't engage much in proteccionism in the classic sense, importing, in Brazil, is a nightmare because of the bureaucracy and Port mafias. But the same goes when you analize the domestic economy, producing, hiring and prospering in Brazil is extremely hard, mostly because of the same issues: overtaxation, overregulation and a completely unreliable judicial system.
Domestic companies, in Brazil, have less than 40% probability of surviving the first five years. It IS a chaotic business environment, be it for imports or domestic companies.
In short, if you open a business in Brazil, regardless of your sector, you will most likely go bankrupt. We are not a rich country, we have the POTENTIAL to become one, but won't get there till we fix those issues.
"Socialism" at its best! Argentina is a pain in the @as to its partners and neighbors ( ask Chile, Uruguay, Paraguay and Brazil); mainly the ones that are part of the Mercosur! As Argentina has veto powers, it doesn't matter what the other members do to increase their competitiveness in the International Markets : Argentina vetoes it! Has been like this for years without end.
Mercosur is already a dead entity and Uruguay, Brazil and Paraguay are circumventing the eternal Argentinian opposition ( without presenting any plausible and realist proposals for the group ( Mercorsur))!
Chile, poor Chile : once in a while , Argentina starts dreaming about Chilean lands.Almost the two went to war in 1978 e the tension continues.
In short : Argentina is a pain in the @as even to the Argentinians themselves!
Go figure!
What you mentioned about Chile was during a military dictatorship
It's a good idea to listen to Jose Luis Espert, Javier Milei, Ricardo Lopez Murphy. They are trained economists and know what to do.
Argentina is exactly like Italy looked like in the 80s and 90s, high inflation, gov. filled with debt monetizing huge deficits, high taxes, low growth, Italians like the dolce vita even if they cannot afford it, its like "let the next guy pay for it". Italians are always talking about leaving the eu and returning to the lira, which would go very wrong very fast.
I find Argentina to be a very intresting place.
What if I would like to import or export paying in Euros for example. There is official rates and blue Euro rates as well?
Would I like to invest in Argentina; well yes, but given the current government regulations, why bother trying to invest there. I would rather send my dollars elsewhere, in fact anywhere else but Argentina.
An asian’s impression of argentina = beauty queen runner ups, corned beef
Argentina is truly a dissapointment.
They were so rich in the past but they completely messed it up
It is, and all they can retort is "how many world cups you have". It's really disgusting. By the way, I'm argentinian, and I'm deeply ashamed of the "current" situation (this has been developing for more than 70 years). Specially when we have such brilliant minds as Juan Martin Maldacena (probably the next Stephen Hawking) going unnoticed by most argentinians, who can only drool over a dumb football game.
@@cortexiphan972 Argentina is indeed our hermanos... Sad to see that this kind of thinking is not just in this side of Iguaçu falls :/
@@cortexiphan972 The last person who tried to do anything was Macri, I don't know if anyone will ever have the balls to try again.
@@eliasjarvinen3035 me estas jodiendo? Macri hizo exactamente lo mismo que CFK!!! Aumentó el tamaño del estado, aumentó los planes, y en el medio le perdonó a su padre y a sus amigotes las deudas enormes que tenian con el estado, tomó una deuda que ni nuestros nietos van a poder pagar, y dejó todo hecho mierda, de que carajos estás hablando? Sos boludo vos? O lo hacés a proposito?
As an argentinian, you couldn't have explained it better! I haven´t lost hope yet, but I seriously doubt that whoever our next president is will do some different from our last 4 presidents.
As your an Argentine then the only SUITABLE FUTURE PRESIDENT OF ARGENTINA who will do things differently is Javier Milei from the Libertarians!
he will kick out this corrupt pathetic Kirchnerist/Peronist Government out of power and will pave
the way for a new Argentina! its totally unacceptable that Argentine's should endure this unjust suffering
from a corrupt parasitic government in a country which is one of the biggest global agricultural food producers
of the world with one of the biggest Lithium Ion phosphate reserves for the production of modern high tech batteries
Including large shale oil deposits , number one soy bean producer in the world, corn etc, The top fertile soil in the world etc.
Populism is a false ideology generated from Peronism/Kirchnerism the people of the land need to wake up from Disney land
and vote with their heads in the next election!
The libertarians are the only ones capable of making the necessary changes however change must also be embraced by the Argentine pueblo if the country is to
move forward in the right prosperous direction!
VAMOS LIBERTARIOS
VIVA LA LIBERTAD!🦁
*Almost 1,000 images covering 17 years were painstakingly investigated for color patterns.*
00:30 Srilanka also checks out everything except the annual 50%
This is off topic but what’s the ID at 1:38
I wonder what would happen if one had a software company there? I'm sure the government would take a big cut of what you get paid, but at least you wouldn't have to deal with dock workers and truckers.
Can you do video on Cambodia's economy?
What a terrible economic system. In the past I had considered retiring in Argentina but I changed my mind because they want to tax me on my income outside Argentina. The Politicians and Economists who have ruined a perfectly nice country into a poor country must be taken of power. Argentina needs an internal Renaissance and drastic reforms in its political, financial and export controls and not to mention its terrible unfair taxation system. Argentina should do all it can to attract outside / foreign investments and technology infusion, but first it must remove the shackles that it has attached to its political, banking, investment and import/export controls and systems. Argentina has a lot young people that are well educated and can make Argentina a true success again.
well you want to be a leech in a country you never worked in so
You can actually transfer your money to Argentina from the outside, some exchange houses do this service, I actually am from Brazil and I’m studying in Argentina and I use this system to receive money from back home, I don’t need to pay any taxes but the operators take a cut of a small percentage of the transferred money, I believe these exchange houses may also deal with dollars and euros.
Or you could look into Uruguay, they are just across the la plata river from Buenos Aires, and are basically a smaller Argentina with a sane political class
@@danielrocha1930 Thank you. Good to know about Uruguay.
Argentina had A LOT of potential. It was given great geopolitical location and great land but then they had to fucked it up.
It feels like having good resources is never good for a county. Having dealt a bad card on the other hand requires people to work together
We didn't have potential, we already were a first world country, from the 1890's to the 1950's we were amongst the 10 richest countries
This is also Latinamerica 101 when it comes to foreign invesmenst.
This is a cepalino (CEPAL) thinking we have in South America. Raúl Prebsh in Argentina and Celso Furtado in Brazil think we only can leave this underdevelopment situation if we substitute imports. They defend a racional industrialization in the area.
It never ever worked! Like not even a little.
How to get the Wallpaper of Visual Politik !
Argentina is always surprising us. Even brazilians like me.
Whole south america suprise the world
@@indiangirl4334 i dont know where are you from. But i am sure: Argentina is Always on the vanguard.
@@RafaelLima-hg8kz I am from that country which you brazilian are completely rascist toward them
My question is so they produce something just for local economy how jobs create if they only have small scale
What does this video have to do with the SmithRock Slapgate?
I love how you present 🎁🎁💝🎁
can you make a video about Nigeria. i believe the country is just similar to Argentina
Do a analysis on Sri Lanka,
This is one of the reasons many do not say south america is western.
If i were to have to start a company a car manufacturer and the government policies supported in me in someway like low interest rate for businesses,Less taxes,Land or anything else.I am pretty sure it will I am pretty sure it will lead to growth because other sectors such as steel,and materials needed to make other parts like Hyundai,
Please put in more dramatic music between every statement and speak faster to make it more exciting.
Government, politicians and unions in an obscene tango….
Good lord! I thought our UK government was awful. Talk about wilful self harm...
What's harmful about the uk one
Under what rock are you living???
People who are well versed on argentinian history can tell you that every problem that Argentina has faced in the past 70 years could be attributed directly to peron.
Peron was a fan of the 30s italian and german governements and their economic policies.
Germany in particular, being a country that after 1919 had been cripplingly isolated, yet it had become seemingly prosperous after 1929.
So he sought out to do the same thing in argentina. His publicity machine was disturbingly effective, as even today you see people worship him.
He also empowered unions, which allowed them to grow into political mafias that gatekeep anyone that wont follow them, even to the threat of innability to ever be hired again, or even death.
And his policies also allowed the extreme powergrab and inhuman behaviour by the military coup of the 76.
After that, its thanks to his legacy that all the revitalization policies had poor results, as they are only shallow and half assed measures to stop the bleeding and not real long term solutions.
Long terms solutions would imply becoming the most infamous politician in the country's history, and might not even live to see the end of your 4 years in power.
And this is without taking into account the 50 families that have a monopoly over absolutely everything in argentina, from the farms to factories and supermarkets, and everything inbetween, as well as the extreme corruption in every economic and political stratum.
Just bureaucratic inertia...
Anyone who works in policy implementation know that improving systems to obviously better ones is a herculean task...
As convoluted as that situation seems there a winners in that broken system who will defend it jealously.
Well they had done this to themselves. They gave all that power to the goverment. A goverment should not have that much power over citizens and economy.
PORQUE¿
An case in the basket of things not to do.
I´m from Brazil and our gasoline is cheaper in Argentina than in Brazil.
👍
They've been exporting footballers though
Yeah, and they feel so bad about that because all the best players prefer to play outside and have a nice income and life instead of receiving stones from their "hinchada" when they lose a game here.
The country that punishes exporters, but never ever - again: never ever - dears to even discussing the extraordinary rent of the few families that own the land. Those are the real deal of such a backwards country. They keep 40% of the value produced, doing nothing. Renting out their thousands of acres of land to the ones who do the investement, hard work and export. They are a reduced group of people that own the country historically. They appropriated the lands taken to native americans, and always counted on the armed forces to defend their interests. They simply ought to earn less, then the producers and the exporters, and the argentine people would have a better time. But no one dears to phunk with them. Concentrated media even less, because they also own those media.
This is the result of 80 years of populism, started before Peron and never gave up, a country where politicians prefer good news than difficult decisions. Populism is always disastrous in all its ways, left, center and right.
All those resources and they still manage to fuck it up.
Well what to expect from someone who doesn't even get his dates right: Perón took office in 45, not 46.
What is with Argentina’s proposition to Mexico and Brasil about their economical integration.
VisualPolititik: "Argentina we love you".
Argentina: "We know".
Argentinians: "We love us too"
@@josem.unzueta1452 hahaha tan real que duele.
Congratulaion for the vídeo, very interesting, it's a sad reality for our hermanos from Argentina, but they insists in put politicians related to "Peronism" on Casa Rosada, even ir leading to poverty from the last 70 years!!
And what abou more vídeos about Brazil? We are a very big country, and much more important than Argentina to the rest of the word, and you from VisualPolitik igores us!! Wy?!?!?
Im a Sri Lankan. Please do a video regarding Sri Lanka and its current inflation. And the curruption of the government and the rajapaksha family. How these family distroying the country by making racisam.
You forgot to mention argentine labor laws. Believe it or not small companies usually fall in bankrupt after being sued by few employees (even if those employees lie as in Argentina it is totally free for an employee to sue anybody). It's a crazy and highly corrupted country. If I were a businessman, I'd prefer either Uruguay or Paraguay.
You are missing the MEP dollar, the "Contado con Liqui" dollar, and the tourist dollar, .... among other types of dollars. It is more complex than what you are explaining 😔😔😔😔
Guess Autarky doesn’t work.
Now In may23 it’s 500 pesos per dollar.
what's up the music choices
Argentina first!
Inflation just hit 100 percent 😔
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. But 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.
In that world iran and north Korea must be the new super powers
Why no mention of the strings attached to IMF loans? Just seems bizarre to just say the least. Sounds like companies are required to pay a minimum wage? Is that right?
I think it's because you overlook why there are so many strings attached. Argentina has taken on so much debt that they're under continuous threat of default. As he said in the video, they're the first ones with their hands out but give nothing but excuses when it's time to pay. The IMF is supposed to aid in development, and Argentina hasn't implemented policies that promote growth.
@@justinmoore5096 Supposed to aid in development, in many cases all the strings have done is privatise everything and increase the gap between rich and poor. Which countries have followed IMF measures and paid off the debt?
They want to dictate the market which backfire
This system makes some people very rich and everyone else very poor ...and as long the rich don't care about only them selfs this system will stay in place...
The worst part is that these people aren't getting rich by producing value, but instead are only getting rich due to government connections.
people that become rich in argentina? are those that are in the government or have connection with them.
the poor get a few bones during election when the goverment print a shit ton of money giving away "free stuff"
they use the poor in need to buy votes, so every election year you see the goverment printing money like crazy and giving away "gifts" to the poor.
Don't forget the destruction of the educational system (we were expelled from the PISA tests because our then president CFK cheated by handpicking schools herself), plus a diet mostly consistent in hollow carbohidrates and the culture of handouts by the state, there's not many people trying to fight this kind of regime. Idiocracy is strong in this one.
Reason to oppose going global. Very easy. Look how dependent every “democratic” country is on the cheap labor of China. Because here in the US China makes everything we use, we turn a blind eye to them supplying North Korea with everything they need to continue their nuclear activities. We are greenlighting the treatment of their citizens by funding their operations. If I had my way we would show our support to countries willing to support and treat their people like we ourselves want to be treated. However that’s a pipe dream. Trying to get others to stop thinking about how they benefit and put themselves in the positions of the people in those countries they simply can’t. Everyone is too self centered or only wanting to join in with the popular outrage at the moment. I loath how inhumane we humans have evolved into.
Why do you think the EU has such strong environmental and labor righteous laws on our productions and imports? China can' reach them so we exclude them. The USA can't often neither, and that's good for us.
Humans nowadays aren't worse morally than in the past
@@marcbuisson2463 Strong environmental laws and labour laws? Massive lead weights on the economy you mean to say.
We get more products from Argentina than ever now in Australia: Volkswagen dual cab utes and Malbec wine for instance. Explain that.
Argentina labour is cheaper than ever, no wonder someone is using it.
@innateØps yep, american liberal globalist propaganda, where of course united states are at the center of the world : pure shit. Check out other videos and you will laugh sometimes.
In from argentina, we live in a cicle of perpetual absurdity
Argentina. A very good friend if China and Russia and Venezuela
This is one of the reasons why they are so in debt.
Argentina's cost of living looks to be fairly cheap. there's that.
Argentina lives a century behind.
It’s all true. We would be prosperous nowadays if we would never had abandoned the global market for our income. At that times, we received our GDP for our trades with the whole world. But, since we left, we’ve been doing income redistribution, with occasional lending from the IMF. It’s not such a beautiful thing to say considering that this is my fatherland, but: The economical history of this country is pathetic, there’s no other word to use in this case.
We can only inform ourselves to never fall on the same mistakes, and this video it’s a perfect source for that goal. Thanks VisualPolitik, I follow your version in Spanish and in English and it’s the best political ‘podcast’ (if you wanna call it like that) that I’ve ever seen. Greetings to this great team.
invester: i am going to invest in Argentina.
Argentina's goverment: WHY ARE YOU INVESTING.
yes, we are this much idiotic. The rest of the world has every right to laugh at us.
Crazy, the Argentinian constitution must have more holes than swiss cheese - here nothing of that would be possible even if the gov made such laws, the Constitutional Court would throw it out of the window immediately, same like aprox 25 covid laws they canceled after week they were announced.
As an argentinean lawyer I can say that the original constitution was one of the most liberal and progressive constitutions of its time (even being studied by US constitutionals in Law Schools) the problem is the intrinsic welfare culture and socialist roots within its population. The common citizen rather live in precarious ways instead of taking the risks themselves, and thats "incentivized" by the government looking for short term electoral gains. Sad but true.
@@NOLupine Interesting, thank you for insight. Iam not lawyer myself so my understanding is limited (i had only law classes in school but continued to develop in IT). I always thought about self governing AI system, just feed it bunch of parameters and let the machine deal with our problems. It have no wishes or needs (outside the parameters). Sadly the more i know about the topic the more iam desilusioned. Even if we develop such system, there will always be code behind the wall and somebody needs to write it - flawed human. Wish you the best and better times for Argentina and its people.
Thats a REALLY interesting topic tbh. I recomend you to watch Joe Rogan interview with Russell Brand (i think there is where they discuss AI governance and the requirement of moral parameters), its super appealing their approach to this idea.
@@NOLupine Agree, Joe is good interviewer and Russel always have something interesting to say as well. I listen to Lex Friedmans podcasts quite lot (you may know him from Joes podcast too) and it can be quite rabbit hole, there are people far smarter than me with unanswered questions and moral doubts.
@@NOLupine you're so painfully right! spot-on! the welfare culture was not taken into account in the video... and it´s such a major driver. For everyone else: basically some 30% (?) of the population is subsidizing the rest... in reality millions are being paid just to do nothing (not a lot, but it´s "extra money" if they have an ... eh... "undeclared" job) and since they don't want to loose that source of income they keep voting for the same people.