How Argentina Embarked on the Road to Ruin

[Rich One]

Alberto Fernandez will travel to Israel, his first trip abroad..? To attend a Jewish Summit .

 

[sergio]

53.8%: Argentina posts the highest inflation rate in 28 years

INDEC reveals prices last year increased by the highest rate since 1991, with inflation in December coming in at 3.7%.

www.batimes.com.ar

 

[middlepath]

Sorry, but no. Capitalism is the problem. Jeff Bezos has $2500 (5 months salary) for every man, woman, and child in Argentina. There's plenty for everyone everywhere in all parts of the world, especially with the population peaking at 9.5 billion in 2040. Just like slavery was "okay" at one time and now it's wrong, capitalism has to die. It got us to a point but it's time for our species to evolve out of it. It's objectively immoral and only leads to wealth hoarding.

 

[toongeorges]

53.8%: Argentina posts the highest inflation rate in 28 years

INDEC reveals prices last year increased by the highest rate since 1991, with inflation in December coming in at 3.7%.

www.batimes.com.ar

We all know that INDEC posting high inflation numbers can be easily fixed ;-)

 

[camberiu]

Sorry, but no. Capitalism is the problem.

 

[Ries]

Personally, I have always like Road to Ruin.
After almost 50 years, its still one of my favorite albums.

 

[Rich One]

Sorry, but no. Capitalism is the problem. Jeff Bezos has $2500 (5 months salary) for every man, woman, and child in Argentina. There's plenty for everyone everywhere in all parts of the world, especially with the population peaking at 9.5 billion in 2040. Just like slavery was "okay" at one time and now it's wrong, capitalism has to die. It got us to a point but it's time for our species to evolve out of it. It's objectively immoral and only leads to wealth hoarding.

There is no sign for dislike in this Forum,,! Perhaps Middlepath can show us a PATH to a better alternate economic system? Can Capitalism improve as it certainly has in the last Century! Those that despise Capitalism can opt for the Other system "Socialism" and move to Cuba, Russia or other Socialist Nations..? Why not? However discussing Capitalism should be in a new Posting?

 

[Ries]

Russia is clearly not socialist, and hasnt been for decades.

Better options to observe for ideas would include most of scandanavia, or japan, all of which have managed to retain democracy, private ownership of land and businesses, thriving economies, along with a greater degree of government intervention in the economy, health care, and education.

Its not an either/or, black and white choice- there is an infinite range of possibilities on how to balance public versus private desires and concerns in an economy.

 

[middlepath]

Fair, Ries. Very fair.
Rich One, there are different types of socialism.

 

[middlepath]

Like I said, slavery was a thing at one time. It outlived its useful life. American-style growth-at-any-cost, exploitative capitalism has now done the same.