Argentina is like one of those friends that is always broke. Instead of cutting back spending and build up their savings, they rush to spend every dollar they earn. Go broke, for a few weeks until they get their new paycheck and rush to spend all of that as well.
Yet we have one of the most corrupt governments (the Kirschner the worse) that's not the problem, the problem is that 1) it's impossible to make a business and prosper, so you don't have investment and therefore none economy growth. 2) he have a lot of populism, bureaucracy, welfare and overall state waste, and The private sector is struggling to maintain the party that is the state.
The chronic disease of Latin American countries - Governmental economic mismanagement and a population that relies too much on government welfare. Why? Because of the colonial farmer mentality that the Spanish left - survive until the next harvest or in today's term live and work until the next paycheck. God forbid that you should think about starting your own business and flourishing when you could just work for others for a steady paycheck or better yet work for the government. No planning and preparations for the future nor efforts made to aggressively adapt, expand, invest and manufacture current and future technologies. The world economy is evolving, specialized niches of technology manufacturing is now monopolized in Asia while Latin America is still stuck in the economic model of the fifties, what exactly are they trying to do with their economy?
I think this report does not really analyze anything, it does not go into the reasons for the economic problems, it does not say the labor unions are constantly at odds with the goverment, always calling for nationwide strikes, pushing for totally unrealistic and damaging salary increases, this is why every single goverment fails, also the culture of the peronistas who only want to live of the state is also an issue that is very difficult to handle, over 60% of the budget is spent on social programs, leaving the goverment very little la way
Yet we have one of the most corrupt governments (the Kirschner the worse) that's not the problem, the problem is that 1) it's impossible to make a business and prosper, so you don't have investment and therefore none economy growth. 2) he have a lot of populism, bureaucracy, welfare and overall state waste, and The private sector is struggling to maintain the party that is the state.
The chronic disease of Latin American countries - Governmental economic mismanagement and a population that relies too much on government welfare. Why? Because of the colonial farmer mentality that the Spanish left - survive until the next harvest or in today's term live and work until the next paycheck. God forbid that you should think about starting your own business and flourishing when you could just work for others for a steady paycheck or better yet work for the government. No planning and preparations for the future nor efforts made to aggressively adapt, expand, invest and manufacture current and future technologies. The world economy is evolving, specialized niches of technology manufacturing is now monopolized in Asia while Latin America is still stuck in the economic model of the fifties, what exactly are they trying to do with their economy?
I think this report does not really analyze anything, it does not go into the reasons for the economic problems, it does not say the labor unions are constantly at odds with the goverment, always calling for nationwide strikes, pushing for totally unrealistic and damaging salary increases, this is why every single goverment fails, also the culture of the peronistas who only want to live of the state is also an issue that is very difficult to handle, over 60% of the budget is spent on social programs, leaving the goverment very little la way
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