Argentina's Economic Collapse - Democratic Underground

seemslikeadream

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Sun Jul-20-08 07:55 PM
Original message

Argentina's Economic Collapse

Run time: 06:35
https://www.youtube.com/watch?v=rH6_i8zuffs

Posted on YouTube: July 10, 2008
By YouTube Member:
Views on YouTube: 0

Posted on DU: July 21, 2008
By DU Member: seemslikeadream
Views on DU: 779

Documentary on the events that led to the economic collapse of Argentina in 2001 which wiped out the middle class and raised the level of poverty to 57.5%. Central to the collapse was the implementation of neo-liberal policies which enabled the swindle of billions of dollars by foreign banks and corporations. Many of Argentina's assets and resources were shamefully plundered. Its financial system was even used for money laundering by Citibank, Credit Suisse, and JP Morgan. The net result was massive wealth transfers and the impoverishment of society which culminated in many deaths due to oppression and malnutrition.

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Joanne98

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Sun Jul-20-08 08:41 PM
Response to Original message

1. k&r

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Tandalayo_Scheisskopf

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Sun Jul-20-08 08:47 PM
Response to Original message

2. The history...

Of our looming future.

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AnneD

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Sun Jul-20-08 09:00 PM
Response to Reply #2

3. Exactamente....

People here have a way to go before things tip...but some of these aristocrats forget how close we came to an overthrow of the Government in the Depression. FDR saved the upper class as well as the poor and middle class. We won't go Communist, but when your children cry themselves to sleep from hunger and you don't eat so they can.....socialism looks pretty good.

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JDPriestly

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Mon Jul-21-08 01:01 AM
Response to Reply #3

8. I heard (I believe it was Thom Hartmann) that the IMF wants to audit

us, but that Bush has persuaded them to put it off until the next president takes over. Maybe that is why they are running McCain, who is an extremely weak candidate.

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mikita

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Sun Jul-20-08 09:45 PM
Response to Reply #2

5. agreed, but

I don't think we'll be as courageous .....

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gateley

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Sun Jul-20-08 09:30 PM
Response to Original message

4. Thank you for posting this - Recommend. nt

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HowHasItComeToThis

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Sun Jul-20-08 10:22 PM
Response to Original message

6. THOSE TRANS-NATIONAL CORPS ARE WAGING CLASS WARFARE

MONEY RUN AMOK

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HCE SuiGeneris

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Sun Jul-20-08 11:21 PM
Response to Original message

7. There's something familiar in this story... if only I cold put my finger on it.

:evilfrown:

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Leftist Agitator

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Mon Jul-21-08 06:31 AM
Response to Original message

9. Just think...

Had the Argentinian people had a well-armed populace, they could have averted catastophe with some judiciously applied violence.

If that crowd had rifles instead of pots and pans, then the corrupt bastards who fucked the whole country could have been dealt with right then and there, rather than allowing them time to dispatch the goon squad.

Sometimes violence IS the answer.

See, in America, you'll NEVER get a popular political demonstration like that. Not while football and American Idol rule the day.

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MrModerate

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Mon Jul-21-08 07:03 AM
Response to Reply #9

10. On the contrary . . . you'd have ended up with . . .

A few dead cops, hundreds of dead demonstrators, and a militarization of the conflict that would have ripped the place apart and entrenched the power of the official bullies. Can you spell Tiananmen?

Ghandi proved more than 60 years ago that nonviolence is much more effective. Pots and pans are vastly superior to handguns and hunting rifles when it comes to overthrowing a repressive regime (or even a merely illegitimate one).

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