JDG wrote: > >> For those that praise the wonders of Capitalism, look at >> Argentina. The temporary president [the 3rd president >> this year] has just resigned. It's coming fastly to an Anarchy. >> >> I just hope they don't decide to attack Brazil with terrorists :-/ > > Exactly what feature of capitalism do you blame Argentina's current > troubles on? > They adopted *everything* that the IMF told them to do.
> > It seems to me that Argentina's real problem is that its government spent > oodles and oodles of money that it didn't have, and ran into the same > problem as any other entity that runs up a bundle of credit card debt. > I'd say that socialism is as much to blame here as capitalism. > Ah, ok, you think the IMF is a big state-owned company, so it's a socialist thing O:-) *All* g*vernments in the world spend more than they have, and they always take more money to cover their debts. Except that when Argentina was desperately in need of more money, the IMF cut the money from them. Alberto Monteiro
