Economies should not be manipulated as to benefit a small percentage of the population . How many people in Argentina can benefit in a crash maybe 10 % at most who have a lot of money that can be used to buy up big when there is blood of the streets . This is financial terrorism of the worse kind as 90% of Argentinians live month by month and have to buy the food and pay the rent . With terrible inflation and low wages in a devalued currency life has been a liiving hell for them the last year .
Macri had a excellent chance to create and stimulate the economy internally when he was elected but he did not implement one policy to help real economic growth that come from the argentinian people . The economy in the last years has been a casino economy of the worst kind based on speculation that has only benefited those that are very wealthy . There has been very little investment in a business culture that would have created a lot of employment for local people . The last years has seen many busineses close down and argentina made is non existent .
Having a open economy where everything is china made does not benefit argentina . This is a country that can produce everything it needs . We need a president that cares about his people and creates real economic growth that comes from the talent of the argentinian people and the incredible natural resources that argentina has .
Perry,
Whether only 10% of the population can benefit is just a fact but it's subjective as to the morality of is it right or wrong. The wealthy will always be able to benefit on opportunities when there is blood in the street. I will still argue with anyone that says Argentina will become a "Venezuela". It just won't happen. I will argue with anyone that says that real estate prices will go back to the levels of the last crash. It just won't happen. Not in US dollar terms. Never.
I hope I'm wrong and if so, I'll be one of those 10% you refer to taking advantage and loading up on my investments. That isn't a question or morality or taking advantage of anyone. It's just prudent and sound investing.
Look at Buenos Aires a city with a metropolitan area of about 13 million people and look at La Capital of only around 3 million people. Much of that is concentrated wealth and always will be for the end of time.
Wise economists and experts have said if you took ALL the wealth in the world and divided it equally with every single person in the world. Within 10-15 years all the people that were wealthy before would be again and the people that were poor before probably would be again. I agree with much of that thought. There is no right or wrong about it. Just fact.
As far as Macri failing. Yes, absolutely. But as I mentioned before, I don't think any politician could have successfully navigated Argentina after the mess CFK made. That was unrecoverable. Argentina will always be a mess because it's a broken country. So the best thing you can do is take advantage of the really really bloodbaths and recessions and crashes when they happen. And between relative periods of stability when they have recovered to dump your investments and rinse, repeat over and over.
It's certainly not a matter of morality or taking advantage of anyone. It's about taking advantage of a smart investment opportunity.
Interesting, i love the current government lol, well i guess all is relative, if i compare it with Kristina Government yes i prefer so so so much more Macri that you can even go as far as call it love if hate will be what i feel for Kristina, but by no mean is the government i will choose if the kind of government i would like to see will be available. Between the Kristina and Macri i will vote a millon times Macri that for sure. Now burn and crash is what Argentina has done with all the governments, slower or faster not sure what you mean with that, is not Macris invention, is happening since your beloved peronism arrived to power pretty much 70 years ago, and kristina is part of it, it even became a politica strategy for peronism, to give a government in such bad shape that you obligate your opposition to take the painful measures so people hate them and then take the boat once the devaluation and reduction on deficit has happen and start spending again as if you are the savior lol. I will not waste my time in you Perry, you are or to blind or to naive. I will love to give you a country with 13% fiscal deficit and see how you do, and how much space to maneuver you have.
Yes. This is spot on target. I love how people try to argue or assume that someone any other president could have solved Argentina's woes. LOL. Just impossible to anyone that truly understands Argentina. Yes, absolutely Macri made a lot of mistakes. But I totally disagree with you Perry if you think that Argentina somehow could have been in great shape with someone else.
Argentina is structured for systemic failure. There will NEVER be long term stability there. I've posted in great detail over the past many years on this forum why Argentina can't have stability. Everything is broken there and there isn't a possibility to fix it. There is systemic inefficiencies, corruption and red tape there. It's totally plagued and can't be fixed without basically a reset of the entire system there from labor laws, tax code/laws, and many many other things I've posted about over the past decade.
