I let my kids ride public transport here, alone. NO biggie.
Of course, my kids dont have rolexes or I phones- they dont come down much, they are teenagers who instinctively dont want to do what their parents like- but when they do come, I give em 50 pesos and they hit the subte, buying super panchos and cokes at hypermaxisuper kiosks, buying ten peso necklaces for their girlfriends from ladies with blankets on the street, and just bumming around the microcento.
They dont have anything to steal, so they get left alone, english or no english.
No, they dont go on foot into Villas, of course. But I worry a lot less about my kids walking down Florida than I would in the real Florida, in, say, downtown Miami...
My kids are veterans, though- when they were 10 and 13, they would wander off for the day on the Tokyo subway, they have been able to buy sugar products without speaking the language in a dozen countries over the years.
Argentina is pretty mellow for kids, though, as long as you are not flaunting ridiculous wealth.