The economist's Argentine forecast

Comparing 2001/2002 with the situation now is like comparing 1944 Germany with 2007 Germany or 1932 USA with 2007 USA. All 3 are moronic
 
"bf4" said:
But that's the same for the US and in general the rest of the countries. For the northeast the yardstick is as you said sthg like us 12000 but what can you do in NYC or Boston with a monthly US$ 1000 check?. I would say it's even worse in the USA because of real estate prices which have become unaffordable not by the poor but by the middle class.
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Yes. Inequalities in wealth and income have been growing in the USA for roughly the last three decades. Real job growth (i.e. something other than a McJob) has been negative. The prices of big ticket items -- education, healthcare, and housing have continued to rise, often dramatically. And in addition to this, the population of the USA is set to double by 2050 to 600m. The US will have the same "villas miserias" and "favelas" as South America. Tis merely a question of time.
 
This seems relevant to my last post on growing inequality in the US:
http://civillibertarian.blogspot.com/2007/04/american-dream-now-nightmare-for.html
A 2004 analysis of data by the US Census reports that 60 million Americans now live on less than $7 per day. That's one in five in the U.S. living on less than $2,555 per year. At the same time, the richest 1 per cent now garners about 16 per cent of national income, double what they earned in the 1960s.
The so-called “wealthiest, most abundant nation on Earth” now has the widest gap between rich and poor of any industrialized nation.[2] In light of the fact that one dollar spent in the Caribbean, Latin America and Asia buys what $3 or $4 does in the U.S means the quality of life for tens of millions of Americans is now on a par with huge populations living in the developing world.
And there’s more bad news to report from here. There has been no increase in non-supervisory wages since 1972. Twenty-five million Americans now depend on emergency food aid.[3] This rapidly increasing trend is a brutal reminder of how the extreme political right has eviscerated the social safety net in the U.S. over the last 25 years.
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I never met them, but it seems that millions and millions of Americans live under the bridge or in self-made holes in the ground
 
The presidents of Argentina and Brazil, Néstor Kirchner and Luiz Inácio Lula da Silva, respectively, yesterday strengthened in Buenos Aires the "strategic relationship" between the two largest members of the Mercosur trade bloc, with talks on biofuel and the Southern Bank, among other issues.
The foreign ministers of Argentina and Brazil, Jorge Taiana and Celso Amorim, respectively, said that the two-hour meeting at the Olivos presidential residence in Greater Buenos Aires was held within an atmosphere of "very good spirits."
Argentina’ Federal Planning Minister Julio De Vido highlighted the wide-ranging agenda of the two presidents and, singling out the biofuels sector, said that each country "has its own project," although he did not rule out "some sinergy" on some issues.
"Argentina will not receive fuel supplies from Brazil, because we have to defend our producers and, in general terms, our own project," he said.
He highlighted that Brazil is specializing in ethanol produced from sugar cane while Argentina concentrates more on biodiesel from soy.
Amorim said that Kirchner and Lula discussed "the idea of a common strategy not only in the biofuels sector, but in the energy sector in general."
Argentine Economy Minister Felisa Miceli said that the two presidents only discussed the broad lines of a Southern Bank which is being proposed by Venezuelan President Hugo Chávez.


Producing biofuel with no R&D budget.
 
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