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Comments by "" (@shauncameron8390) on "Argentina battles with 109% inflation | DW Business" video.
Juan Domingo Peron.
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@nvelsen1975 Also overspending.
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@JitzyJT India got set back by its adoption of socialism post-independence.
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They already did. The real problem problem is the Argentine political establishment refusing to change their ways because they fear public backlash more than the future of the country.
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Due to its pride.
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No. It's due to political greed and overspending while killing local productivity.
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Meh. Most of them voted for it.
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LOL.
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@agustincrispin9421 <In the communist the state dont exist> Like Somalia.
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@JohnJaneson2449 Too bad they keep voting for politicians who promise them endless welfare at the expense of economic solvency.
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The corruption is just political, it's societal.
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Left-wing populist politics.
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Capital control.
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@drunkensailor112 It is that. Income inequality is a natural result of economic freedom. Argentina is a relatively closed economy.
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And then Juan Domingo Peron came along.
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@drunkensailor112 <Just go to your neighbor Uruguay, which is the richest country in Latin America by far and also the most socialist and left wing ruled state for decades...> Actually, Chile is the richest country in Latin America.
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No they shouldn't. Argentina made its bed and now it must lie in it.
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Argentinians voted for it. They don't care about economic sustainability as much as they care about endless welfare.
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@franzjoseph1837 They can start their own business and own the means of production. Too bad socialist regulations make it a costly thing to do which probably explains why Argentina barely has a private sector.
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They do. The problem is that they risk unrest and ouster if they attempt to make reforms.
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