Another "brilliant" pro business move by decree [again]

[gouchobob]

The issues in Argentina are far too complex to offer a scathing indictment of either the capitalism or socialism economic models. In spite of Argentina's very proud "nationalistic" tendencies (in language "che boludo"! and say their fanaticism for everyone from Evita to Maradona and soccer etc for example), there is a wide distrust here of most all institutions and often times each other. You can't have a functioning society when no one trusts anyone (except family or close, intimate friends); the workforce and business climate are largely "functioning" but yet unproductive; and in spite of populist tendencies by the government and unions there is still a large ratio of "inequality" according to international indexes.
As to Capitalism, it really does not exist in its purest form even in the USA. The 2008 bailout of the US banking and investment communities as well as auto industry (ie. General Motors) was a perfect example of "socialism for the rich" and "capitalism for every one else." That is, we (the rich) make sure we are protected, and the rest of you will just have to suck it up and pay for that.

Trying watching the movie INSIDE JOB if you have not seen it. A very well done documentary on how greed is destroying the "wonderous" economy of "irrational exuberance" in the USA.

Just in case we forget it's all relative. No perfect system has been found since the beginning of time. The economic system we have today is the product of hundreds of years of experience, trail and error, some good things, some bad things, lessons learned or not. It's still evolving. Attempts have been made periodically in history to radically change direction, check out communism, usually with disastrous results. Compared to 100 years ago most people are better off, those people from a hundred years ago were better off than the people a 100 years before them. The U.S.A. in the long run will be fine. Problems that seem insurmountable usually just take longer to resolve. Look at Argentina the political problems here that have caused its economic decline over the last 100 years are still with us and seem to be insurmountable. But Germany and Japan recovered from the complete devastation that occurred during WWII and become economic superpowers. Any problems the U.S. or Argentina face today seem minor in comparison. Both countries are rich in resources and people, there is no reason why both won't be successful in the future.