"The End of a South American Dream"

[Larissa]

Many of you have asked me many interesting questions about my beloved and weird country. Like I quoted somewhere else before..."Joan Manuel Serrat (Catalan music composer) said recently in a local TV interview that it is very difficult to explain to the rest of the world what's Argentina poliltically like... It has a radical party that it's not radical and the Peronist party (a right-wing lefty party????) Tough to explain! -

So, I have pasted below a link from Telam* that shows an article that will explain a bit more what is going on and has gone on here, in Che's native land.

From Telam's web site...

http://www.telam.com.ar/central_ing_13.htm

*(Telam is an Argentinean Press Agency)

Qustions>? ... Comments?

[redstar2000]

I rather suspect that the description here applies to other countries besides Argentina.

Even the poorest country can erect a "first world capital" (or portion thereof) and keep it going for a little while.

Then the foreign capital flees...and the lights go out at the international airport.

:cool:

[vox]

For those interested in the economics of such matters, I recommend the incomplete but still quite useful report by the LBO (http://www.leftbusinessobserver.com/Argentina.html) regarding Argentina.

It's capitalism all over again.

vox

[Larissa]

Quote: from vox on 6:56 am on Feb. 15, 2003
For those interested in the economics of such matters, I recommend the incomplete but still quite useful report by the LBO (http://www.leftbusinessobserver.com/Argentina.html) regarding Argentina.

It's capitalism all over again.

vox Thanks for the link Vox, it is very interesting.

About the IMF, we are renegotiating the maturity dates of interest payments, but we are not applying for new loans. My country is still rich enough to self-stand and actually. what we need to do is re-nationalize the companies that have been sold to foreign corps.

Yet, we still have a fully national oil company called Rhasa, the only 100% argentinean oil company left because the 50% of YPF (the leading oil company) was sold to the Spanish Repsol corp.

But we do have many resources and it is a vast and rich country that does not need crooked governments nor high-interest loans from overseas.