MercoPress. South Atlantic News Agency
Nobody is going to invest in Argentina while fearing populism could be round the corner
Even admitting that the Argentine economy will expand 3% next year, nobody wants to invest in the country because they are not sure that populism won't be back in a couple of years, according to economist and former central bank chair Javier Gonzalez Fraga. Read full article
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Disclaimer & comment rulesTWIMC...
Nov 21st, 2016 - 11:49 am - Link - Report abuse -10Good governance is indeed “round the corner”...
Just 11 months away...
Bohhhhhhhh...
https://www.pagina12.com.ar/4159-de-los-ricos-por-los-ricos-para-los-ricos
“Nobody is going to invest in Argentina ”
Nov 21st, 2016 - 01:39 pm - Link - Report abuse +2They could have made the headline even simpler.
Well, it looks like McDonalds is going to revamp some of their fast-food outlets.
Maybe they see that their future is in selling choripanes.
N ice masonic image of the argentine congress
Nov 21st, 2016 - 04:06 pm - Link - Report abuse -5This confirms that anybody with any smarts knows Peronism and Evita K populism is hopeless at sustaining a viable economy.
Nov 21st, 2016 - 04:33 pm - Link - Report abuse +4Moronic ideologues like Think/Voice are exactly the people who drag these economies back into the abyss.
Self deluding fools like pgerman blame it on nebulous unseen others, the Masons and “British Sepoys”
Ha ha, authors of your own destruction.
@Kanye,
Nov 21st, 2016 - 04:46 pm - Link - Report abuse -8It is much better to keep silence than to write stupid things. I'm a freemason....I'm happy to see a masonic statue in front of the argentine Congress.....
For once MP publishes news on Argentina accurately. Besides foreign capital rarely brings any of its much vaunted benefits. Most foreign companies cause more imports to be required and do not export and that would only be the first item in a very long list.
Nov 21st, 2016 - 07:29 pm - Link - Report abuse -2@ gamakin
Nov 21st, 2016 - 08:10 pm - Link - Report abuse +4“Besides foreign capital rarely brings any of its much vaunted benefits.”
Could this be due to the 'tax' that TMBOA imposed or the strikes that the unions imposed or the utter political stupidity present in 'government'?
I think it could.
Even without the effects of the populism and the endless strikes, we still have the outrageous levels of taxation, blood-sucking bureaucracy, high prices, inflation in the clouds, the thievery, the lack of stock in what you need when you need it, the ages required to get anything done, and of course the world-class degree of corruption. So the populism is only part of the reason nobody invests here.
Nov 21st, 2016 - 08:56 pm - Link - Report abuse +6People always blame Argentinas corruption, incompetence and instability for its failure to fill its potential but frankly I think there is a massive global conspiracy that makes so crap.
Nov 21st, 2016 - 09:28 pm - Link - Report abuse -11News item: Faced with heavy deficit spending, announcement in Argentina it will remove payment of public monies used for price support subsidies for the low-grade heavy crude that was being produced. Bottom falls out of Argentine oil company stocks with average reduction of about 30-40 percent. Investors who were considering.... now likely to pull out. This, after producers were able to get small concessions to reduce drilling costs.
Nov 22nd, 2016 - 12:57 am - Link - Report abuse +2Sure Rico,
Nov 22nd, 2016 - 04:26 am - Link - Report abuse 0the entire world conspires against Argentina.
That's because everybody loathe Argentina's corruption, incompetence and instability.
Grow up, Rico. Recognize your own problems. Fix them.
I think Rico was trying to be funny.
Nov 22nd, 2016 - 03:38 pm - Link - Report abuse +2What goes on here is so bad as to be insanely entertaining, and more so because no one could possibly make up this degree of absurdity.
Say, what happened to Conway West?
Nov 22nd, 2016 - 06:47 pm - Link - Report abuse -4SYMBOLIC VIOLENCE.
Nov 22nd, 2016 - 06:53 pm - Link - Report abuse -2One of the main characteristics of many members of this government, is the symbolic violence that they often use, each time they are questioned about the measures they take, Gonzalez Fraga is a great example of it, in fact, he dared to criticise strongly the former government, because it made people believe that they could buy a car, go on holiday, or have an air conditioned with their salaries, in some way, he's saying that most of the citizens shouldn't have had that right, another great example of this kind of violence, is minister Prat Gay, who estigmatized all those workers who had a political activism, and who were fired from statal entities.
It's pretty obvious that next year we'll have an economic recovery, because there has never been any democratic government which survived after 2 years of consecutive recession, but the big question is whether that growth will be enough to recover all those jobs that were lost this year, because of the policies of Macri's government.
Today it's the first anyversary of Macri's victory in the ballotage, and after the disaster that we can see that his policies are provoking in the country, it's more than evident that not always changes are good.
On the other hand, it's necesary to remind that the reason why some of those non peronist presidents coudn't finish their mandates, is because they were broken down by military coup d'etats, as happened with a great president like Arturo Illia in 1966, after his fallen, the country started a slow but firm decline, or as happened with Raul Alfonsin, who was also a great president, and who was broken down by a financial coup d'etat, finally, in the case of De la Rua, he was a useless who adopted policies which were similar to Macri's, and he had to leave, because he deepened the destruction of our productive sectors, which destruction had started Menem a decade before.
As the economy continues to deteriorate in Argentina, those in power and their friends keep attempting to deflect blame to others. Gonzalez Fraga's last delivery is particularly ominous because it attempts to justify the failure of the current team by invoking the very existence of a different approach to governing. His implications appear to argue for the destruction of such opponents--very much an example of his democratic vocation.
Nov 22nd, 2016 - 07:09 pm - Link - Report abuse -6Los fracasos fueron, son, y serán argentinos.
Nov 22nd, 2016 - 09:29 pm - Link - Report abuse +1Commenting for this story is now closed.
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