The sorrows of Carmencita - Argentina's crisis in a historical perspective
There are countries which are rich and countries which are poor. And there are poor countries which are growing rich. And then there is Argentina.
Read Mauricio Rojas' story of Argentina's odyssey to rags from riches. After seventy years of rapid growth between 1860 and 1930 came seventy years of stagnation and chaos. The country which, at the beginning of the 20th century, was wealthier than France, Italy and Sweden, is now bankrupt.
This unbelievable transformation could never have occurred without both Juan and Evita Perón, plus all the blunders achieved by populism, nationalism, protectionism and an increasingly corrupt apparatus of government.
After decades of destructive distributive bickering, galloping inflation, political scandals beyond compare and abortive reforms, Argentina has now come to a dramatic crossroads.
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