Argentina Used To Be The Richest Country, What Changed?
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- Опубликовано: 5 июн 2023
- Aren'tgentina caught up with the worlds greatest country, but how?
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Argentina: A country with a great future- behind it.
😂
Lol 🤣
hahhahahahahahahahha 😂😂😂😂😂😂😂😂😂😂 love from Argentina
Wrong. We have a third of all the Lithium in the Planet.
Also, he blames the coups without mentioning the fact that USA financed them
Yep, search for Operation Condor, they have been trying to take us down for decades
And then they go and blame US for the coups THEY PLANNED AND FINANCED
This is why everybody hates grngos, they are double faced hyprocits and liars
As an Argentine, I don't even know what's going on anymore dude, economics are too hard I'm just gonna go play football instead.
As a Pole, I agree with you, I'm just gonna go out with my gf instead
We have a third of the Lithium in the Planet, as long the grngos dont "liberate us"
to steal our resources (like they are doing to Peru RIGHT NOW) we have a bright future
El índice de desarrollo humano es lo que sirve no el PIB
That's a horrible thing to say, saludos desde San Fernando
Nem nisso vocês são bons😂😂😂
"People often question why Chile and Argentina are separate countries"
I didn't know that was a question people had--
I think for foreigners they look at the weird shape of Chile and just wonder why it even exists like that. Obviously if you know the geography it’s the separation of the Andes mountains and some rivers but most people don’t know that
Chile use to be part of Argentina during the Spanish rule. There’s more in common if anything. Mendoza Spanish and Chilean Spanish have the same accent, both countries are Mapuche by blood (originally) Patagonia, the arrogance of both countries is similar 😂
@@S3aCa1mRa1n That's not true.
Chile was a captaincy under the Rule of the Vice-royalty of Peru until the late 1700s when it got autonomy within the Spanish empire until 1810 when the process of independence began, only Antofagasta was part of what is now Bolivia which at the time was part of the Vice royalty of Rio de la Plata.
Patagonia was neither, only becoming part of Chile and Argentina in 1881.
@@S3aCa1mRa1n You can say that to 90% of Hispanic countries in America, but they are independent for a reason...
@@S3aCa1mRa1n No, the mendocino dialect is not the same as Chilean dialect. The may have some similarities but Mendocinos are way closer to other argentinian dialects than to Chile.
There was even a saying : ‘’He’s rich like a Argentinian’’
Crazy how both Argentina and Brasil at one point had a good amount of Money and went downhill.
Argentina was much richer per capita than Brazil. Both of those countries had roughly the same total GDP.
The numbers are a terrible indicator. The HDI is what matters overwhelmingly
@@franciscoacevedo3036 Per capita GDP is much more correlated with HDI than with total GDP.
@@franciscoacevedo3036 gdp per capita matters a lot lmao.
Brazil actually got into the top economies of the world in present times.
Actually, Buenos Aires (City) isn't in the Buenos Aires Province. Whole lot of civil war about that, but it is an autonomous district, and basically a province itself. And besides the political instability, a main difference between Argentina and the other "rich" countries during the XIXth century was that the economic model was relying on exports of ressources, which might work in the 1800's but less so as the industrial revolution and industrial capitalism develops. Add to that a concentration of land property and foreign intervention and dependance, it just isn't sustainable in the XXth and XXIst century. On the financial side of things, there is a lot of debts taken, default on debts, using the dollar as savings, denying people access to their savings, black market dollar, inflation and even hiperinflation (just to name things I've witnessed personally). The inflation thing is actually tricky to solve: prices and salaries both rise constantly pushing each other even further up, and relying on exports make the situation worse, and then also people can't trust banks or national currency
Other latin american countries learned the hard way that basing your economy on one/a handful of exports and never investing in diversification is stupid. Looking at you Venezuela
I hope Argentina and other countries that are facing economic problems can recover soon. 🙏
we will :D a change is coming soon
@@cubirk This comment feels like a blind person saying "we'll see".
@@TheOneWhoSometimesSaysOk what?
@@cubirk 🙏
We can't unfortunately
Every 4 years, Argentina bets all its money on winning the World Cup.
The last win was just a little too little, too late.
BadEmpanada has an excellent video on the topic. Argentina was never rich. An economy based on exporting primary materials such as grain and meat is not actually developed, unlike the U.S. or other industrial powerhouses in Europe.
EDIT: To add to this, when Argentina was supposedly "rich", Argentina had a horrible literacy rate, low years of schooling, low life expectancy, and a ridiculously high infant mortality rate. Moreover, the wealth inequality was some of the highest in the entire world, higher than Apartheid South Africa.
Would Canada and Australia also not be developed by this definition? or is the difference here that per capita income in Canada and Australia is substantially higher than that of Argentina? Genuinely curious
@@frederickvonabel6349 Canada and Australia actually have industries tho
@@frederickvonabel6349 ?? Canada and Australia had industrial development done by the British or rather allowed by them.
@@ericktellez7632 Peron also encouraged industrial development in Argentina during the second world war so I don't get the point you're trying to make.
@@pao5567 Sure and so does Argentina, theirs is just retarded by bad government policy and is (relative to commodity exports) pretty small. This is similar to Australia and Canada (if you exclude the bad government policy part) though one could certainly say that the two are to a certain degree more industrial than Argentina. Personally Australia sticks out as a country that's relatively commodity dependent yet still very prosperous. I'm open to being proved wrong here.
Hey! Argie here...
There's a lots of factors to consider here.
First of all, yes, there's a bunch of resources, but the fundamental diference with the US, Canada or Australia, is that most of the productive land is in the hands of oligarc families, not the ones who produce, so the wealth is concentred in few hands. Another big difference, is that we don't see the future as an industrial country, only as a grain and cattle exports one...
To top that, in the 90's the sell almost all the trains. We don't have that infraestructure anymore, and even if we wanted to restore it, it is very difficult because the cartelization of bus lines for transport and trucks for goods (here there's a very big and powerfull truckers union, whom of course is not gonna let something more efficient and cheap as trains take control of the goods transport.) We got to the point to is more expensive to move grain from inside the country to the port than to move it from the port to Europe or China...
Another very important factor is the political one. There's an historical movement that's based in populism, that started as a way to get the industrialization of the country, but became fixed with staying in power, and the unions are in with that (because here we have one union per profession, who mostly are with this movement...). 20 plus years of left leaning economic meassures of spending, more taxes and getting close with Cuba and Venezuela, of course the foreign companies are not gonna be happy, confident or even sure to keep operations in the country...
Sounds very much like brazil
Argie?
Sure, dude. It's the recent left-leaning politics and cuba/venezuela not the 6 consecutive cues supported by the U.S., the most capitalist country in the world. Also, the foreign companies you speak of literally want the country to have a export-base economy and never develop so that they profit more exploiting your cheap recourses.
@@WildVoltorb I thought the very fucking same, difference being that Brasil has sligtly industrialized as of recently (Southeast/south), wheres argetina has literally died.
@@louganshahn2620Argentina already had an industrialised economic sector since the 1930s being the first in latin america, but has deindustrialising rapidly in recent years
Please visit Argentina, you will be suprised of how nice and welcoming is.
The truth about the situation in my country Argentina is very hard to explain due to multiple reasons I would try to summarize:
1) Our mainly product of exports are commodities (food, grains, etc). These are very tie to fluctuations in the markets. They are also controlled by less than 1% of the population and they have tendency (not all of course) to speculate, not sell if they are unhappy or the price is low, evade taxes, leave the dollars in other countries banks. These makes the balance pretty bad because we do import a lot of products.
2) Lack of dollars. As we import more than we can export we need more dollars than we have, so the price of the dollar goes up. This is a tendency that hold many decades already, so a lot of shops and people think more in dollars than in pesos, for example the houses are sold in dollars. People do what they can to buy dollars, and more.
3) Goverments try to compensate the deficit printing money so they can afford to pay the debts of the imports (and others) which leads to infation.
4) We never fully industrilize our economy and we started a lot of populist laws that make the working class a little bit better in expense of huge pays for the state.
5) Aprox. 50% of our people is left-wing or center-lef wing. 50% is right-wing, so we never have a way to make big plans because it's always a struggle. For the most part goverments are elected and try to change everything, it doesn't work so the other wing wins, try to change everything, it doesn't work and it's a loop.
6) There is cultural missbehave of trying to cheat the system, be a punk or whatever, leading to lot's of people putting money outside the country, not invest, evade taxes, and in the other hand, strike, abuse sickness days off, etc
I hope I covered most of the things. Anyway, it's an exciting place for sure, and as one of our greatest songs say: We can be the best or the worst, with the same ease (la argentinidad al palo)
Regards!
ey a vos te conozco
@@pamarschoff no jodas, si? De que
small correction, the value of 231 pesos to a dolar you mentioned is the "oficial dolar" which is almost impossible to access. A regular person would need to buy the "dolar blue" which is curently averaging around 480 pesos.
Now 760 pesos
This was very interesting! You could easily go deeper without it being boring too! Keep these coming!
Oooo, toycat is getting fancy with those icon art animations!
I ate their wealth. Sorry.
Its ok, we forgive you :)
*big gdp sized belly*
:( you aren't invited to my birthday party
Konata 😭
I would encourage everyone to see bad empanadas video on argentina, he debunks the midth that argentina was such a rich country and has fallen. At the time that argentinas gfp was so high the country was so unequal that you had land owners and people that worked in slave like condentions. It's gdp was large because they exported a lot but it was less developed then countries like France and spain.
Argentinian here... This analysis isn't very good. I don't have time to go step by step of what you got wrong, but, overall, judging a country's economic situation based solely on foreign newsletters and random financial facts that have no relationship with eachother will never lead to a precise analysis. Even the most prestigious academic groups in the world don't agree on what's the issue with Argentina's economy and how exactly to fix it, so, for anyone watching, I recommend you take this 20 minute video by a minecraft youtuber with a grain of salt if you're actually interested in Argentina's economy.
Edit:
Just to add to the comment, I feel like the biggest mistake you've made is attributing every economic issue to the dictatorships. This is simply incorrect. The economy has ahd it's ups and downs during, before, and after dictatorships. For exmaple, during the first truly democratic period of Argentina's history (1916 - 1930), the economy didn't do very good. During the first dictatorship (1930 - 1942) the economy did good in some sectors (like the automotive sector), and during the Peronist period, well... it's still debated to this day if the measures actually benefited the economy. During the 60's dictatorship, the economy actually grew exponentially, and it is considered to be one of the best periods in Argentina's economy (Something you'd know if you had actually done proper reasarch...). During the 70's dictatorship, obviously everything went to shit. But the point is that dictatorships don't necessarily equate to economic hardships, and the situation here is incredibly complex.
Btw, this doesn't have anything to do with the comment, but that exact street you put street view on is the one I cycle through to get to university every day. And it may look good on street view, but if you actually lived there you'd know what a piece of shit street that is. Constant noise, motorcycles going 40km/h on the bike lanes, and taxi drivers crossing reds at every intersection. Just another example of why you should do a bit of reasarch instead of taking things at face value before you go opining about other countries' struggles.
It's interesting to see this comment, I've noticed how far off his analysis is before for topics I'm more well-versed in. Appreciate the insight through this long comment
Regarding the last paragraph: Isn't the description of that particular street, with the really crazy drivers and the noise, more or less the same as any typical Italian city rather than some "Central or Western European city" the way that Toycat mentions in the video?!
Buenos Aires looks developed because Buenos Aires is actually very very developed lol. Buenos Aires is a very wealthy city, where rather wealthy people live.
People in Buenos Aires work in the service industry. They are lawyers, phycologist, doctors, accountants, engineers, business owners, etc. Which means these people’s salaries get adjusted regularly to inflation. They don’t make the same as last year, salaries have risen almost as much as inflation for professionals.
Life in Buenos Aires City is the same as life in any other developed city. Buildings in there are just like buildings in any other European city. There are many many new buildings being built as we speak, despite all the difficulties Argentina is going through. And we are speaking about apartment buildings which will sell for thousands of dollars per sq meter.
There’s also a LOT of generational wealth in Argentina. Just like in Europe or the US, families in Buenos Aires have been going to university for generations. Even some of the European immigrants were college educated, although the most usual was for the first generation Argentinians (the children of the immigrants) to have access to education and better jobs.
I think it’s funny how people from other places believe we are very underdeveloped. Truth is Argentina despite all it’s drawbacks has a really good quality of life, and as I said, theres a very large sector of the country that’s doing just fine. They work, go on vacation, go to the gym, study, and just live totally normal lives. The only difference is that the currency is very unstable and prices change on a weekly basis. But you even get used to that.
I went to Argentina in October 2019, in the cities of Buenos Aires and Cordoba. Buenos Aires is really well developed and has a great infrastructure. It also concentrates a good wealth of the country Argentina. Then I went to Cordoba... Totally different. Cordoba is also a big city, but the infrastructure and wealth there was considerably worse than Buenos Aires. I was walking through the most peripheral part of the city and asked a local about what Argentina was like outside the big cities: "basic neighborhoods, you can live well, but being rich is difficult here".
So I ask you rn: what do you Argentines have against other LATAM countries like Brazil and Mexico? Here in Brazil, for example, the social conditions are practically the same as in ordinary cities in Argentina, and y'all still insist on saying "ARGENTINA MEJOR PAÍS DEL MUNDOOOOOOOOOOO" while racially insulting us Brazilians, or Mexicans and Colombians.
It's worth mentioning that when I was in Argentina, I suffered many racist attacks (including those coming from people with the same "light brown" color as me), like being spat on or being looked at like an alien. When are you Argentines going to stop being racist, arrogant and xenophobic?
I visited Buenos Aires a few years ago (I'm Australian). It really is one of the most beautiful cities on Earth. The architecture there is incredible. But you can tell they are experiencing rough times. You can be looking at one of the most beautiful buildings on Earth, and the sidewalk (foot path) will be missing or broken at the bottom of the building. Little things like that, but really basic things. Now we have a lot of Argentinians and Brazilians here in Australia, generally studying English, but they usually get citizenship and stay here. I really hope Argentina finds its feet.
What are you doing Argentina? Just be stable bro.
What are you doing step-argentina?
@@LUNE.44 I'm not religious but I think you need to drink straight holy water
Something important to point out (didnt watch the video yet) is that Argentina was rich PER CAPITA, income inequality was extreme, there was the extremely rich and the vast majority pretty poor
Oh :/
Soo the UAE?
I'd guest that the people that emigrated from Europe were the rich ones, right? I wouldn't be surprised..
@@josk8936 oligarchs and land owners actually, European inmigrants were poor
@@josk8936 The european inmigrants were super poor that's why they were there in the first place
Buenos Aires City isn't part of Buenos Aires Province. It's an Autonomous City which (unlike Washington DC) acts as a province itself, having 3 Senate seats as all other provinces, and Congress seats acording to its population, those being 25, coming 2nd behind Buenos Aires Province (with SEVENTY) and ahead of Santa Fé with 19.
At least the province is close to the city. In the USA, apparently the city of Washington is very far away from the state which like makes zero sense!
I can't wait for badempanada to debunk this video. Argentina was never rich g
i mean toycat is a minecraft youtuber first and a geography one 2nd, we could cut him some slack... to be fair he did made a point about military coups which IIRC where the ones badempanada pointed as the destroyers of the industries and in consequence the economy for the most part (?) but yeah argentina as a whole was never rich
Someone said that not all dictatorships are to blame for Argentina's current economic chaos, and I agree . I would like to add that last dictatorship ended 40 years ago and Argentina never recovered its wealth. Uncertainty has become our way of life and not only economic uncertainty: constant strikes, road and street traffic permanently interrupted by widespread protests (which the goverment is unable or unwilling to stop) and increasing crime rates have turned a developing country in the 70's into a land where poverty soars and living becomes increasingly difficult. Many Argentinians (including myself) long to live in a civilized country and it seems we will have to emigrate to achieve that
@ Silvia Machese de qual país civilizado você está falando? Da ditadura canadense, dos Estados Unidos com tiroteios em cada esquina e do BLM saqueando lojas? Da França que está praticamente em guerra civil há mais de um ano? Está mais parecido com a Síria, diz pra nós qual é seu termo de " país civilizado " , porque os da Europa,os Estados Unidos e Canadá não são nada
If I am not mistaken in the late 19th and early 20th centuries were from the export of agricultural goods that made Argentina wealthy back then. The cost price for wheat and other crops has if you adjust for inflation more than halved since back then. So what made is possible for Argentina to get so rich back then can mak a country rich the same way today.
What makes countries rich today do not require a lot of good farmland. High-tech industry is an example, so there are a lot of other countries that can compete. So it is unrealistic to look back at the time before the military coups and hope to regain the wealth compared to other countries at that period in time. But Agenina can for sure do a lot better than it does today.
97%?!
The interest rate in my country is 4.75% and it is considered insanely high! That's an all-time record, by far.
I feel sorry for the Argentinians...
%150 İN TURKEY
Bulgaria's interest rate is 2.5% and that's an all-time high
@@koseku3
Well yeah, but Turkey is not exactly a democracy.
I mean, the main reason Argentina has that economic situation is exactly because so many dictatorial regimes they had in the past.
Around 4% to 6% in my country.
@@user-gr9fq9gt9w yes we Turks dont believe in demokrasi
It's not merely the coups that hurt Argentina--it's the lack of individual freedoms. When there is repression, you get coups and revolutions. Individual freedom is the most important thing to economic prosperity. Next to that is rule of law and stability, as you point out.
The thing about the cities and states being called the same, is because in the colonial era the cities were established, and after independence, the states/provinces were named after the cities (which were the main settlements). In argentina at least, that’s what happened. Like half of the provincial capitals are called the same as the province itself.
Yes, Chile is a separated country, we are not argentina 🙃 we're economically stable 🤭
You should do a video about despite Brazil having a utmost terrible geography, it still managed to overcome its biggest obstacles and grow. I mean, they freaking terraformed like 30% of their territory to grow food. I can link you a very good article talking about this geographical issues
Dude really thinks we people from southamerica (Chile here) don't have big cities or that we all live in cardboard houses? XD
I was surprised to hear him suprising about "it is crazy to me how developed Argentina looks in comparison" "it is like any central or western european city" lol
I don't think he says that there aren't South American cities but that they're generally less developed than the one una Argentina or at least has a different architectural style. Even the USA seems underdeveloped for me as a European because of its reliance of cars and lack of walkable cities, trams, and instead ugly suburbs.
Although to be fair toycat does seems to sometimes being ignorant of other cultures, like for example he said that Native Americans being left alone was bad because they "were like Sentinel islanders" 🙄, completely ignoring that the expansion by Europeans brought genocide and destruction of homelands and still disregard for Indigenous sovereignty, while the Indigenous people did have huge civilizations like the Aztecs, Mayans or Iroquois
Seriously, what did he expect when entering street view? A jungle? A slum? His prejudice is immaculate.
I like this editing style
Even with the wiki article behind him saying there were six coups in the 20th century I really thought Andrew was gonna surprise us with another coup.
Bangladesh whenn?? 8th largest population with 94th in size,,, so we are basically the opposite of argentina
Andrew: "This [Buenos Aires] looks like it could be a city in Germany."
I wonder if any 'high ranking Germans' have ever moved to Argentina. lol
We don't talk about that 😂
Sorry if of topic, but where can you submit seeds for seed Sunday?
I have found an awesome one wich takes caves and cliffs to its peak.
The mountains are so large there literally is plateaus (in plural) at 255. The caves are so large there is some over 100 blocks high and all the cave biomes generate. There is not just a huge cave, there is an 1500*1500 area with huge caves.
And the cherry grove on top, there is a bunch of rare biomes in the area. The only reason all of this is not close to spawn is because it is so much bigelybig.
The seed works on both bedrock and java and is so cool I have to half my render distance.
Whats the seed?
If you’re gonna do this don’t do it on his geography channel 🤦♂️
@@AdistuffRBX I don’t know where to post seeds for seed Sunday
This is Toycat does Economics Explained.
"At some point, this is on you."
Hail to our bravest RUclipsr ever!
It isn’t though it’s just Britain and the US washing their hands.
0:03 Why no plants on planet? 😢
OK. I chuckled every time he punctuated a coup with a gunshot sound.
PLEASEEE make that video on National Parks happen! If it's a three hour video even I'd so watch it 🤗
Great video
For some reason toycat, your rapid fire facts and zooming around on Google maps is fun and interesting.
I guess that's my fault. Haha
History Matters made a video exactly about it as well.
And also Hoser
@@osheridan
I still insist on h0ser
They have messi though 🐐
when ur government tells you its only 7% inflation but its really 50%
Singapore has an extremely advantageous geographical position
what are you talking about? it controls the malacca strait, which sits on one of the most important shipping lanes
The '1895' map shows the UK to include NI but not Eire. The latter became independent in 20C.
Well done. It also shows modern borders of Germany.
were you reading my mind? my brother and I just talked and wondered about this a few hours ago... like what happened to them?! 😅
Argentina was a rich country only in numbers, there was a small population and of that small population a very few concentrated all that wealth, exclusively in the capital, in the 40's there was a massive influx of Italians and Spaniards, so the GDP per capita fell at that time (the same cake, for more people).
A national park video would be great
i have a question. Which are the main things a country needs to be succesful. I believe it was three factores...?
Damn, this is why the workers should own the means of production.
Things changed
Its really weird to think about its sort of like its a paradox
they won the world cup
I was thinking about possibly moving to Buenos Aires in 2015. At the time places that interested me were between 90 and US$150,000.. at the beginning of this year I happened to have spent a month in Buenos Aires, and so of course I did some window shopping. The same places that had interested me before were typically between $200000 and US$600,000. Sometimes higher, but basically not lower. Tldr - I think that High interest rates and high gdp don’t directly equate to strong economies.
Case in point, Chine between 2000 and 2020 or so had well over 6% growth, leading to gdp gains in the hundreds of billions every year. The US had nearly the same amount in raw numbers for some of that time, or maybe half .. but that doesn’t mean that they have the same amount of free money to spend. Most of the US economy is tied up in speculative markets. This means it’s not free for people to actually spend. The same with taxes on increased income, lost to ever-growing military campaigns and debts. China didn’t have these problems, so while the USA barely invested anything in the local economy , China poured trillions of dollars into infrastructure etc and pulled more people out of poverty than the population of the USA more than twice over.
All I’m trying to say is that the economy in Argentina isn’t so bad. The currency is, and yes the longer they take to correct, the further they diminish… but I expect throughout my lifetime there will continue to be astounding comfort and joy in places there .
“As President, Perón gave a classic demonstration, in the name of socialism and nationalism, of how to wreck an economy. He nationalized the Central Bank, railways, telecommunications, gas, electricity, fishing, air-transport, steel and insurance. He set up a state marketing agency for exports. He created Big Government and a welfare state in one bound: spending on public services, as percentage of GNP, rose from 19.5 to 29.5 per cent in five years. He had no system of priorities. He told the people they would get everything at once. In theory they did. The workers were given thirteen months’ pay for a year’s work; holidays with pay; social benefits at a Scandinavian level. He would track down a highly successful firm which spent lavishly on its workers and force all firms to copy its practices, regardless of their resources. At the same time he carried out a frontal assault on the agricultural sector, Argentina’s main source of internal capital. By 1951 he had exhausted the reserves and decapitalized the country, wrecked the balance of payments and built wage-inflation into the system. Next year drought struck the land and brought the crisis into the open. Seeing his support vanish, Perón turned from economic demagoguery to political tyranny. He destroyed the Supreme Court. He took over the radio station and La Prensa, the greatest newspaper in Latin America. He debauched the universities and fiddled with the constitution. Above all, he created public ‘enemies’: Britain, America, all foreigners, the Jockey Club, which his gangs burnt down in 1953, destroying its library and art collection. Next year he turned on Catholicism, and in 1955 his labour mobs destroyed Argentina’s two finest churches, San Francisco and Santo Domingo, and many others.
That was the last straw. The army turned him out. He fled on a Paraguayan gunboat. But his successors could never get back to the minimum government which had allowed Argentina to become wealthy. Too many vested interests had been created: a huge, parasitical state, over-powerful unions, a vast army of public employees. It is one of the dismal lessons of the twentieth century that, once a state is allowed to expand, it is almost impossible to contract it. ”
Modern Times by Paul Johnson Chapter 19
18:45 -99 Social Credit
that was a coup rollercoaster
Argentina's instability sounds a like what is driving the current dysfunction and divide in the US. The idea that we're just supposed to be the land of opportunity makes people assume it will always be, and that the upper 1% can profit off of that by preventing the same social safety net that the rest of the Western World has.
what made Argentina and New Zealand very wealthy once, was farming, specifically livestock. It isn't so lucrative now as it used to be though.
Argentina was never even really developed. Yes, it had a high per capita GDP at times due to very favorable conditions (Extremely low population density with heavy british investment in a few key primary sector industries where it was more productive than other countries per capita as a result) but never was industrializing like what would become the developed world with much success. It got downright shafted by the collapse in commodity prices of the great depression.
Current inflation rate: 140%
Mi man trying to comprehend Lima and Callao beint separate gave a tiny 🤭
I presume you’re doing country by alphabetical, but I would want to request you to do Malaysia next 😂
Argentinia and Turkey have many similarities in history, many coups, high inflation, volatile economic growth and similar geographic comparative advantages.
Should I make the joke that Argentina's gdp graph looks the same as the UK's
This topic is always going to have a lot of debate.
1:45 My favorite country, Argentia
No, Mexicans typically refer to Mexico City as D.F. or federal district.
I believe La Ciudad de Buenos Aires is a separate province from La Provincia de Buenos Aires
Do a video on Iran i feel like there's a lot to talk about
As in, that Iran was pro-Western and pro-Israel under the Shah right up until 1979, but became the opposite from 1979 onwards under the Islamist regime?
It's the anti-outro I keep coming back for
the general explanation for why Argentina is in the dumps is because Argentinian economy is and was built entirely around export agriculture, which never built a local consumer base which is terrible for long term stability of your economy
which destabilised their politics
that and the rampant inequality, with most of the population being basically peasants working for landlords
which promotes authoritarianism
the landlords basically intentionally kept the country poor to maintain low cost of labour to make their exports more competitive
which in the long term costed Argentina its development
Argentina was only the wealthiest on paper, in reality most of its population was quite poor and an elite group of landlords held unimaginable amounts of wealth, pushing up their national average into the stratosphere
watch the same thing happen to the arab world once the rest of the planet switches to green energy and oil loses importance
Buenos Aires city is also not a part of Buenos Aires province either. Just like Mexico City.
From here forward, only backwards
Their central bank's balance sheet & monetization of govt debt continues to balloon exponentially. A rising discount rate isn't the only factor to consider. They're still printing money in mass. Until that stops & the central bank starts liquidating their assets, inflation will continue to persist.
All this talk about geography ignores the immense involvement of the state in causing this crisis.
one word, freebies.
Monarchies can only be good in the short term, until a charles comes along.
Minecraft kid spreads neoliberal propaganda by reading a wikipedia article.
Libya next!
Well, this video aged up in 7 hours. And also, inflation is above 150%++ if you look only at food
I wish google was right about the value of the AR$. When you made this video it was at about US$1=AR$485. Now it’s at about US$1=AR$525
by the way most of the singaporean work force is exploited and overworked, in practice labor laws are terrible,and i dont think its a good example to country to imitate
As a mexican i dont feel too bad anymore
Time to have another crack at the falklands
When I first learnt Argentina was the richest country, I was surprised. :0
11:14 :( Why does my country care so much about this...it's exhausting.
The fact that in the USA, the city of Washington is very far away from the state if Washington makes the least sense out of all of American countries!
🇦🇷❤️
America also has cities named the same as the state theyre in. like New York.
You are correct. The US is obligated to pay its debts by the Constitution.
Actually, buenos aires city is an autonomous city it's not in buenos aires province
0:07
If Argentina was a British colony, It would have been a superpower
I'd love to say that Latinamerica has so much potential, until only one mf comes and destroys the entire country for like 40 years, and then 20 years later comes another mf a destroys the country again and again.
Its incredible how we all want to recover but we cant 😂
Didn't Argentina peg it's currency to the US dollar during the debt crisis?
Tagline: "Don't subscribe. You'll regret it." It's too late for me, but I don't regret it.
Lol, the map counts Alaska as the US in 1895
And?
I stand corrected, the United States bought Alaska in 1867. Thank you for teaching me.
It shows an independent Ireland
yo @ibx2cat, I am a brazilian history teacher (who also works as an english teacher) who, if you ever want, could help you assess some info about south america as a whole. Your video hits the spot but it misses on some points (all of which were pointed out in the comments). Hit me up if ever needed (mostly BR, Paraguay and ARG related stuff, as I live in the south)
WHAT HAPPENED? JUST ONE SURNAME, PERON
responding to your question: what the heck happened to argentina? simple: populism.