bigbadwolf
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Not once did I mention value added manufacturing?
Didn't say you did. It's the mendacious Economist article that is chockful of lies, distortions, and half-truths.
Not once did I mention value added manufacturing?
Vaca muerta? Uh .... ok. Let's see, the Argentine government took over a fully functioning oil production company called YPF that was supposedly expropriating lots of f*ing money back to Spain. YPF (Argentina) has yet to increase production. They might not even be making a profit. We should have confidence that this government can get oil out of the ground, transported, refined, and distributed either by itself or in partnership with a company that has the capacity without blowing up the relationship with the blame game?
This government has demonstrated over and over again that it doens't have the capacity to do that. So, I wouldn't bet on Vaca Muerta.
Anything else on the "asset list?"
I seriously want to do a public art project with them.
I'd like to put them all around Retiro and Villa 31. If I could only get the money to do so...
Matias is correct. The structural situation of Argentina changed about a century back. The very economic model -- agro exports -- that allowed Argentina to become a rich country (by the standards of the day) stopped working because of the new configuration of global trade, and the country has never found an adequate replacement since. Just saying the country should have focused on "value-added manufacturing" is devoid of meaning: easier said than done. Not everyone can do it, and particularly not today, with saturated world markets and global over-capacity. One can make an argument that the supposed economic mismanagement of the economy over the decades was really an attempt to square the circle: to reconcile a flagging economy with popular demands for a better standard of living.
I remember those, too. I thought, "Any country or entity that is truly serious doesn't need to say it is serious. It would be obvious."
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