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Roubini warns Argentina is heading for a highly vulnerable “State capitalism”

Friday, November 23rd 2012 - 01:46 UTC
Full article 21 comments

Argentina is adopting measures that impact negatively on investors and consumers confidence warned US economist Nouriel Roubini who became world famous for having anticipated the international crisis of the sub-prime mortgages and junk bonds. Read full article

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  • Raven

    With the way things are going, Argentina seems more destined to be a new Communist country with each passing minute. After all, didn't the USSR have '' imports substitution protectionist measures; national control over natural resources; a more predominant role for state companies and banks and discouraging foreign investments and the influx of capital'' ?

    Nov 23rd, 2012 - 03:11 am - Link - Report abuse 0
  • ElaineB

    Yes, but the USSR was never communist, it was a State Capitalist regime. People work for peanuts and the oligarchs -like the Kirchners - get rich off the profits.

    Nov 23rd, 2012 - 05:18 am - Link - Report abuse 0
  • toooldtodieyoung

    “Argentina is adopting measures that impact negatively on investors and consumers confidence”

    No, really??? do you think??

    Thanks Nouriel Roubini, for stating the bl**din' obvious!!!!!!

    Nov 23rd, 2012 - 07:24 am - Link - Report abuse 0
  • Usurping Pirate

    What do you expect from a bi-polar widow with no grasp of economics , surrounded by a bunch of pseudo marxist thieves whose only interest is lining their own pockets ? Shame they don't realize there are more opportunities for theft in a rich country than a poor one .

    Nov 23rd, 2012 - 09:04 am - Link - Report abuse 0
  • LightThink

    Roubini ..is the oligarchy tout !

    Where were you when 90th years on Argentina ?

    Nov 23rd, 2012 - 10:29 am - Link - Report abuse 0
  • cornelius

    Ha... People just noticed that, they are trying to have a Chinese style market control capitalist system but, there is only one problem, they have no brains and they are highly corrupted.

    Nov 23rd, 2012 - 12:15 pm - Link - Report abuse 0
  • Conqueror

    What's this? Only one argie troll? Surely there should be dozens explaining why Roubini is wrong, biased, ignorant, destructive. Followed by the derogatory and insulting filth. Or could he be right? Is argieland DOOMED?

    Nov 23rd, 2012 - 12:27 pm - Link - Report abuse 0
  • Nostrolldamus The 2nd

    Isolationism for our history books, isolationism for lunch, and isolationism for the next 20 generations!

    Nov 23rd, 2012 - 04:17 pm - Link - Report abuse 0
  • Yuleno

    The USSR was socialist and state capitalism was a phase required to achieve resources to build the socialist state.

    Nov 23rd, 2012 - 04:54 pm - Link - Report abuse 0
  • Simon68

    9 Yuleno (#)
    Nov 23rd, 2012 - 04:54 pm

    And we all know how that little experiment ended!!!!!!!!!

    Nov 23rd, 2012 - 04:57 pm - Link - Report abuse 0
  • Captain Poppy

    #2 Elaine...yes it was a state socialist ruled by a single “communist party”. Communism is a state capitalist society.
    It seems that KFC seems to think she can do a better job at it then China, Russia and lets not forget the best example yet starving their people...Cuba. I think the Argentines and Cubans will have a lot more in common then they ever thought possible.

    Nov 23rd, 2012 - 05:10 pm - Link - Report abuse 0
  • Yuleno

    Poppy either you don't know what communism is or you don't know what capitalism is.Perhaps you don't know what either is.
    Clever simon68
    And do we all know why it ended?Can you tell us all in case we don't know?

    Nov 23rd, 2012 - 07:36 pm - Link - Report abuse 0
  • cornelius

    at #7 Of course Argieland is DOOMED they nationalized their international debt they Pesified if they can get credit they have to get more taxes and they have to print money of course inflation is a form of taxation so there you have economics 101 That is why the dollar restriction Argieland is doomed.

    Nov 23rd, 2012 - 07:37 pm - Link - Report abuse 0
  • Captain Poppy

    yulena.......pull someone else into your webs or diversion and digression. This article.....for that matter this whole website is about how fucked argentinea has always been, is and always will be.

    Nov 23rd, 2012 - 07:49 pm - Link - Report abuse 0
  • British_Kirchnerist

    Roubini got one thing very right, the subprime coming crisis in the west, but he seems utterly ideological and rather out of his depth on this issue

    #2 Elaine were you in the SWP as a student perhaps?

    Nov 24th, 2012 - 01:12 am - Link - Report abuse 0
  • Iron Man

    @15 Hmmmm, who to listen to on economic outlook - some fantasist troll on here or a world renowned economist? Maybe I will have to lie down to think it through for a while.

    Nov 24th, 2012 - 07:50 am - Link - Report abuse 0
  • Troy Tempest

    @15 BK
    Meanwhile, Argentinian children and aboriginals from Salta, die of malnutrition while for economic and political reasons, soy is exported to feed China.

    Mao did the same thing, sentencing many of his population to death so that could feed the Soviet Union and curry their favour.
    Classic State control of the economy.

    Nov 24th, 2012 - 09:34 am - Link - Report abuse 0
  • TipsyThink

    All coúntries are fúll of “ state capítalísts ”

    Nov 24th, 2012 - 09:51 am - Link - Report abuse 0
  • British_Kirchnerist

    #17 The “free market” does the same thing. I read on here a while back a link to an article that suggested the situation with the aboriginals was more complicated and the role of the left national government has been a positive one, even if too slow off the mark for the scale of the problem. But what you describe certainly happened in Britain's own “state controlled” economy in India more than once, and finally with the Bengal Famine during the Second World War, and has also been happening to parts of Africa due to the workings of the free market for decades

    Nov 24th, 2012 - 10:08 am - Link - Report abuse 0
  • Captain Poppy

    Lets see ....mmmmm...on one hand....one of the economically smartest guys on the planet.......or BK....the elder argentine troll masquerading as a Scottish Communist.

    Freaking choices man!

    Nov 24th, 2012 - 02:13 pm - Link - Report abuse 0
  • andy65

    Everyone sees this except Argentinians led by the botox queen

    ARGENTINA ALWAYS THE VICTIM

    Nov 28th, 2012 - 01:16 am - Link - Report abuse 0

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