Lol watch Ethiopia. The country is permanently rocked by ethnic conflict. If you're interested there's actually a great video that goes in depth about the ethnic tensions and current unrest in Ethiopia: th-cam.com/video/gMpbxqLsdZY/w-d-xo.html&ab_channel=MyTake
except that Argentina is NOT under embargoes, didn´t got their gold and international oil company stolen an is CAPITALIST! So how to explain? Venezuela is easy all you have to do is blame it on "socialism" but in argentina case no easy explanation can be found including the theoretical IQ of the population wich is supposed to be 100 unlike Venezuela wich is on 80´s. So what´s the reason?
4 ปีที่แล้ว +101
Search: "Argentina" Google: "Did you mean South Venezuela?"
They should talk about the ongoing Tigray conflict in Ethiopia. If you're interested there's actually a great video that goes in depth about the ethnic tensions and current unrest in Ethiopia: th-cam.com/video/gMpbxqLsdZY/w-d-xo.html&ab_channel=MyTake
They do it to themselves. Repeatedly voting to cut the throat of your own economy. Argentina is A great argument for why stupid and ignorant people should never be permitted to vote. They should add an IQ test and poll tax before voting.
More like being footballers to get out of the poverty by playing in Europe and staying there after their retirements. As for the sport itself, it will be a temporary escape for a permanent problem.
I deeply disagree man. I am Indonesian, and most Indonesians only know Argentina on the news from football. Those who don't follow world news, will pretend that Argentina is successful and developed country with no debts. I am not joking, despite Indonesia's low debt to GDP ratio the social media will judge that Indonesia is a bankrupt country.
They should talk about the ongoing Tigray conflict in Ethiopia. If you're interested there's actually a great video that goes in depth about the ethnic tensions and current unrest in Ethiopia: th-cam.com/video/gMpbxqLsdZY/w-d-xo.html&ab_channel=MyTake
I sang this like that "don't cry for me Argentina song". Not sure if you intended that but it's what happened and now since I don't know any other words I keep repeating your comment to that tune over and OVER..... Thanks Bub
And what you ask is the current Argentine media worried about, the death of Maradona. Its been 10 days of non-stop coverage... its annoying at this point.
As Dinesh D'Souza said, they are lazy. At least the communists worked hard to make sure the industries still running. They, on the other hand, just tell industries to finance their agenda, regardless the business can survive or not.
They should talk about the ongoing Tigray conflict in Ethiopia. If you're interested there's actually a great video that goes in depth about the ethnic tensions and current unrest in Ethiopia: th-cam.com/video/gMpbxqLsdZY/w-d-xo.html&ab_channel=MyTake
When peronism promises or givs you free stuff and subsidies on almost everything, why would you want it to end? That's paradise. Who cares if the country borrows to death as long as it is perpetually a huge employment agency, right? 😉
As a Brazilian I'm seeing more and more argentinians moving to Brazil, trying to scape before is to late. All this situation is sad, because argentina used to be the best of latin america, and now is moving to become another venezuela. It's just sad
Yep my Wife is Brazilian. She asked me why so many Brazilian banks are suddenly turning up, separate accounts for US dollars. I told her, it's because of the Exodus of Argentineans leaving their Country and going to Brazil. Since The Argentine Peso isn't worth anything, they take US dollars when they migrate to other Countries.
Also from what I've heard and read. They prefer to go to neighboring Countries. Uruguay, Brazil and Chile. I hope this is True? Because here in Peru, we are struggling with the MASSIVE number of Venezuelans that arrived here in just one month last Year. Our Economy is nowhere NEAR Big or Competitive enough, to allow Mass migration at a large scale.
@@MrSunturion yes they are coming to Brazil, uruguay and chile. The argentinian exodus will be a big problem for us, you guys on Peru will probably not be affected. The northern part of south america will deal with the venezuelans and the southern part will deal with the argentinians. South america is fucked as hell hehehe
Further these People that migrate to Capitalist Countries. From their Socialist failed Countries. Should not be allowed to vote in the Country that they migrated to. Since it was their voting decision, that Destroyed their Country of origin's Economy in my Opinion.
@@MrSunturion But again Argentina isn't a communist country, it was ruled by a chain of corrupt populist presidents. Basically Trump but who don't mock people with disability, but they keep saying Argentina is the best place to live.
I'm living in Argentina currently, this like many peronist goverments before is the worse that this country can suffer. So much corruption that put the people on their knees. I'm argentinean and also a US citizen, really sad for all that still happens and we never learn.
No, actually the votes from abroad are always against peronismo. And most people who leave tend to vote for the most anti communist and anti populist party in their new country.
@@MSuyay , I sure hope that's true for everyone who leaves. The video said that 80% of people polled want to leave Argentina. There has to be a large proportion of them voting for the bad policies that keep Argentina in this mess. They must not realize that these policies such as protectionism, powerful unions, and strict regulations are what's causing Argentina's economic decline?
@@Henryplant , California has the highest poverty rate in the nation when you consider cost of living and welfare available. www.politifact.com/factchecks/2017/jan/20/chad-mayes/true-california-has-nations-highest-poverty-rate-w/
How to break the cycle? What are the mechanisms of the cycle? Left wings in Brazil, Argentina, Venezuela, Bolivia... do they have a deeper layer in common? Next video series, please.
@@kevinstfort This is what I think I know. Countries grow if they get lots of taxes. Taxes come from commercial acitivities and wages. The higher the salaries and production, the higher the taxes, so the country will promote industry and divert taxes to public debt in tha form of civil works. Once the public debt warms up the economy it comes the time to broaden commerce, more salaries and thus more taxes. At some point the country has to invest a little less because the economic growth attracts external capital and the "spared" investment can turn to public education and welfare, including basic medcare. This will promote more economic growth and consumption, which translates into taxes. Rich become richer, lower sgments will raise above poverty, mid class will grow. Why every single country on Earth don't follow this? Where am I wrong?
@@BBBrasil actually no. Many countries grow due to investment and spending. A country like Bolivia with immense resources can grow without massive taxation.
@@kevinstfort Hmmm, you are contradicting yourself. What is the purpose of investment and spending? Those actions mean money going away, how it comes back and grow?
When discussing Argentina's economic difficulties, it is tempting to look at things in a rational way and put forward ideas based on how the real world works. But this leaves out the simple truth: corruption. Any money that comes into the country, through private investment, international loans or tax revenues, simply filters away into the pockets of the corrupt leaders. Before there is any possibility of forward movement, Cristina must go. She is too much of a divisive figure and too corrupt.
I had an Argentine classmate from uni who's planning to move to Texas to set up a tech consulting and web design business. He has degrees in computer science and marketing but according to him, it's nearly impossible to start a business in Argentina.
8:50 Meanwhile when HGST employees were being made redundant in Singapore in 2014 (as the company decided to offshore it's factory to Thailand) I remember the labour minister said "you have to face the pain of restructuring"
You know, I keep hearing these sorts of stories of countries implementing anti-business policies that make the economic situation worse, and I got to ask, HOW DOES THIS KEEP HAPPENING???!!! At this point we know what works and what doesn't. What policies help the economy and what doesn't, same goes for business regulation. Does anyone explain the Argentine government that these policies don't work? And this is coming from someone who would love to invest in Argentina, but their government don't seem to get a f*cking clue.
@@MSuyay We're full of Venezuelans and other expats, some come with the intent of going to the US, but many more end up staying and making a living here.
I’ve read a lot about this and have visited Buenos Aires many times . Argentina now is no longer “European;” rather, another Latino nation in South America. As a visitor from EUA, it is a pleasure to stay in your country. I bring U$Ds to protect against inflation. Buena suerte
I’m a Brazilian (Argentina is our neighbour) and I can attest - Despite remarkable potential, structural and cultural corruption is what keeps both Brazil and Argentina in the same shit pit of mediocrity. It is a lustful, desperate search for every single way one can be a smart-ass in every situation, then be ready to 1. point their finger to any foe who tries it and 2. use the opportunity to be a smart ass themselves. It’s just convenient and most people just don’t want to change. It’s their reality. It’s easier to just blame the politicians, THEIR incompetence and THEIR corruption. Every time Argentina or Brazil seem to be taking off it is yet again, as we call here just another “ chicken flight “
same situation here in the balkans. the people WANT this, because everyone hopes to be the one benefitting from corruption. but the number of seats around the table is very limited. you have better odds in a casino.
@@guguigugu That is the sad reality in Balkan countries. No one wants to produce and invest, but all want to work in public sectors and enjoy privileges, oops I mean corruption. Politicians are a reflection of people's minds. I don't blame the politicians, as I blame those who vote it. The people don't want to change and understand that the only cure for poverty is entrepreneurship, not kissing political party asses. Corruption only leads to increasing poverty and fly-away investors, nothing good for anyone even those corrupted in a long path.
@@MrAceman82 It’s all about political credibility and social justice. If people don’t feel like they’re being treated fairly they •will• try to make up for it. I would say dictatorships (in recent history of the Balkans, Argentina AND Brazil) are in the heart of this common sense of impunity. That’s what makes people forget the importance of doing their small part in building a decent country. “Why? Why bother?? If not me, someone else will do it” This is all about common sense. Exception to this is Germany. Because It’s Germany.
@@Turnil321 look for venezuela with angarita and mpj but you are right argentina its so dissapointment the polítical power try to keep Alive a country with in a Extended coma :/ . At least venezuela die and like a Phoenix may reborn within the ashes.
@@daple1997 why is that I wonder? Maybe because there is so much red tape and costs needed to pay for those. Who in their right mind would invest in there?
It's hard watching a beautiful country with a wonderful culture and people getting ground under the heel of incompetence. I hope someday soon that you all get your country back.
@@eavatar A former colleague's parents left Italy for Argentina in the 1950s, then fled to Australia during the junta when my ex colleague was an infant.
The only few regions who stepped out of mid income trap and became developed since the end of ww2 are all located in one region, eastern Asia, Japan South Korea Taiwan singapore(mainly chinese) and hongkong, China is also on its way, all those regions have one thing in common, they rank top ten in IQ test according PISA resaerch each year. See the ranking of Argentina south Africa India and Brazil, those country has the much better deveopment condirion than eastern Asia. I kniw It's hard to believe but it is the truth.
The problem is not IQ, but corruption and envy. When any government subsidizes something, that deprecates their currency and increases production costs. Well, investors don't like that. Always, and then blame capitalism does not work, but in reality, is messed up with socialistic policies.
@@MrAceman82 The problem isn't caused by a single issue but many different contributing factors. A high IQ is a major factor and op isn't wrong. A high median IQ of a population allows for greater understanding of issues and better decision making skills. This makes them less reactionary and more able to see the relationships between different things. Understanding the interconnectivity allows people to have a greater understanding of the big picture. This intelligence allows them to comprehend problems such as corruption and envy, which you mentioned. Low median IQ of a population causes problems with development because they can't comprehend how things interconnect to create a big picture. This makes them easily manipulated. They will readily accept simplistic explanations on complex matters and then make policies based on the explanation. Many of the policies are emotionally based. When the policies fail the people keep trying them again based on the latest simple explanations and whatever scapegoat the political class uses to place blame for the previous failure. This cycle continues because the average citizen is unable to see the big picture. I hope my explanation was adequate. If you are interested in topics such as these you should read the Russian authors Anatoly Karlin and Vladimir Avdeyev. Karlin probably has some of the better stuff on IQ and intelligence. Avdeyev writes more about the hereditary traits of different peoples. This is a topic that is silenced in the West because the science goes against their state ideology. The suppression of this science happens at all levels of Western society so you will need to look more at Russian and Asian research. Just because the truth is uncomfortable doesn't mean we should ignore it. This is a factor that must be taken into consideration for proper analysis
In reality nigeria is not as bad as Argentina it just plagued by corruption If you want me to expantiate better i will i just want you know nigeria is not as terrible as Argentina
I see that you care about 3 world impoverished countries. That’s nice and I think you are a good person. I have a friend that is looking for a good person to help him. He is of secret royalty and has vast amounts of riches and needs help sharing it with other good people just like yourself. He would like to start you off with a small payment of 160 million dollars all for you because of your good heart. In order for him to do that you will have to register as a owner of a holdings account in the bank of Nigeria. In order to do so we have a lawyer ready to do your foriegn agent paper work to get you on this account. Now my friends money is already locked in that account with the additional $15000 to cover your paper work charges. The only problem is you will have to pay the lawyer $15000 dollars now but you will have the reimbursement in the account. We are so happy to work with such a good person as yourself. This paper work needs to be filed quickly! We have only 3 days or else the account is goes with out an owner and the government and bank take the funds.
@Jumpcut Jimmy are you sure you know anything about Nigeria indeed the government is corrupt but debt to china and wage inequality common are no where as you are saying it is 55%-60% of Nigeria debt is owned by the Nigeria government and it citizens go check it it all available in the public domain and Nigeria though still have high poverty rate there is not that much on inequality in fact Nigeria is one of the very few countries with good wealth equality(note: i am not denying that there isn't wealth inequality but relatively speaking when compared to other African countries or other countries in the world Nigeria is significantly better than most). one major and significant problem with Nigeria economy is over reliant on black gold(crude oil) as it makes up to 70%-80% of it GDP which is very terrible that is also why Nigeria economy is usually robust during the oil boom market and it shrinks during bust of oil market
Excelent video. I'm from argentina and i can assure its all true. Sadly there is really nothing to do... Power wont switch hands, it's time to leave the country
There will have to be shared pain for Argentina to recover and grow...and because it has gone on for so long that pain that will eventually have to come is growing. The high taxes must come down, the subsidies must be reduced and the government payroll must be reduced, but to do that people will suffer for several years while the economy regains strength. If you implemented these things...you would be voted out of office, so neither side wants to do them.
Not even close, I'll said. I mean, Argentina situation is bad, but Venezuela is in a whole different level. A lot of thing would need to allign and happen, like leader popular enough to concentrate power, and this leader actually believing that he can arrange and fix all economy.
Excellent summary from different points both economically and the thinking of young people in Argentina today. Good video, greetings from an Argentine entrepreneur!
The worst thing a right wing government could do to their economy is protectionism. The worst thing a left wing government could do to their economy is over taxation. 🇦🇷 Argentina: Why not both?
Since my first visit in 2000 is constantly going down. The adaption of Corruption over the years will not make thinks better. Beautiful country and amazing people. They deserve better.
Have they already put up this sign to the Ministro Pistarini International Airport wall: "Last one to leave, please turn off the lights"? Poor Argentina looks to be going that direction.
Since Kirchner government, like Lula government in Brazil, both countries lost the opportunity to grow. Now as Argentina faces a whole crisis, like last year they limited the ammount of dollar a citizen could buy, maybe in the next 2 years Brazil will face the same destiny (not like we are doing great right now, but idk how much corruption we can take).
@@ffccardoso not really. there were around 500 families that ruled argentina till about 1920. it was all going well but the 1st world war really dented their biggest customers pockets so they went downhill fast. the political classes sent argentines to study fascism in italy, came back and were very influential. the rest was predictable.
I know we like to not blame the population of a country and give them excuses but their leaders reflect their mentality and I dont mean through the actions he did after being ellected but by his reputations , his agenda and how and with what politicians can get away with. If the population allows this then the population deserves it. I wont pretend I know solutions given the pandemic situation but under normal circumstances........I would say to take out the pitchforks and torches , lads and lasses. When the leadership doesnt listen and doesnt serve the population the only way to prove that you are not ok with it , atleast from my point of view, is massive protests. Organized massive protests.......and if that doesnt work then rioting.
Argentina is Nigeria twin brother. Currency control is their main DNA trait. Nigeria just removed restrictions on currency this month out of desperation due to significant reduction in FDI
Reasons are as follows high taxes heavy bureaucracy and A WORTHLESS currency combine to make Argentina one of the worst places In South America to do Business in
Problem is: any new administration inherits huge debt, a bloated government and union labour contract employment. Argentina now is partners with IMF for survival
Try telling those in the West who advocate such policies that they are a bad idea. There's nothing like clear and unequivocal evidence that you are wrong to prove that you are right, at least in their minds.
@@MrAceman82 I don't know about your country, but in Canada, public sector pays like crap. You always go private unless you work in healthcare or education (pay is better in those two fields). The only advantage of public outside of education and healthcare is that your rights are very well protected and the government never goes out of business.
@@MichaelDavis-mk4me Once the country enters a vicious cycle it is very hard to get out. The bigger is the government, the bigger are costs, so and taxes. When costs are increased, and added heavy regulations normally the investors fly-away. Then spiral goes down.
@@MrAceman82 Unless the government makes money. When a government nationalises an industry and actually manage to make tons of money out of it, they can use their money to subsidize their local industry. That's how the Scandinavian countries managed to get so rich with huge taxes. Argentina and Venezuela struggle due to incompetence and corruption, not due to government industries.
As a Brazilian, I feel sad about our neighbors; especially knowing that my home country can experience the same fate if some politicians come to power here.
@@boingoboingo482 Sendo brasileiro, sinto triste pelos nossos vizinhos; especialmente sabendo que meu país pode experimentar o mesmo destino se alguns políticos ganharem as (próximas) eleições aqui.
When government is done bad I think of 2 places Venezuela and definitely Argentina. The countries in South America when there is a problem they make it worse...
If you're interested in the ongoing Tigray conflict in Ethiopia, there's actually a great video that goes in depth about the ethnic tensions and current unrest in Ethiopia: th-cam.com/video/gMpbxqLsdZY/w-d-xo.html&ab_channel=MyTake
They need serious political leadership change! Just as many countries do. But Argentina needs a leader that will follow a different economic model. Any, different economic model?
Which is a real shame because their ancestors came there to work. Italian immigrants had like twice as many bank accounts as native Argentines in 1887.
![เปิดบ้าน โคตรสวย ป๋องกพล รู้จักตั้งนาน เพิ่งรู้ว่ารวย!!! l [Nickynachat]](http://i.ytimg.com/vi/tmgCF_2HfYI/mqdefault.jpg)
Chavistas: No one can destroy a country as profoundly as we do!
Peronistas: Hold my Mate.
Lol watch Ethiopia. The country is permanently rocked by ethnic conflict. If you're interested there's actually a great video that goes in depth about the ethnic tensions and current unrest in Ethiopia: th-cam.com/video/gMpbxqLsdZY/w-d-xo.html&ab_channel=MyTake
@Super It has. However political instability threatens to reverse those gains
@@drunkensailor3736 it's a desert with religious and ethnic issues. We don't have any of those problems, yet we're doing worse than them.
America is vying for that position with regulations big government and socialism
except that Argentina is NOT under embargoes, didn´t got their gold and international oil company stolen an is CAPITALIST!
So how to explain?
Venezuela is easy all you have to do is blame it on "socialism" but in argentina case no easy explanation can be found including the theoretical IQ of the population wich is supposed to be 100 unlike Venezuela wich is on 80´s. So what´s the reason?
Search: "Argentina"
Google: "Did you mean South Venezuela?"
But Argentina is not satanic and pedofilia country !! Regards
Did you mean the Wheimar Republic?
XD
Argentina: the crisis that never sleeps
They should talk about the ongoing Tigray conflict in Ethiopia. If you're interested there's actually a great video that goes in depth about the ethnic tensions and current unrest in Ethiopia: th-cam.com/video/gMpbxqLsdZY/w-d-xo.html&ab_channel=MyTake
They do it to themselves. Repeatedly voting to cut the throat of your own economy. Argentina is A great argument for why stupid and ignorant people should never be permitted to vote. They should add an IQ test and poll tax before voting.
@@drunkensailor3736 "Let Africa Sink!" A great article on the dark continent from an African Expat, look it up.
@Super Nobody wants to deal with the locals. We will be extracting resources form the asteroid belt before Africa is widely tapped.
It's the crisis that keeps on giving.
Argentina just gets into the news for two reasons: Football and economic crisis
And rugby lately
More like being footballers to get out of the poverty by playing in Europe and staying there after their retirements. As for the sport itself, it will be a temporary escape for a permanent problem.
RIP .....Maradona
Pretty much, indeed.
I deeply disagree man. I am Indonesian, and most Indonesians only know Argentina on the news from football.
Those who don't follow world news, will pretend that Argentina is successful and developed country with no debts. I am not joking, despite Indonesia's low debt to GDP ratio the social media will judge that Indonesia is a bankrupt country.
Here we go AGAIN Argentina
They should talk about the ongoing Tigray conflict in Ethiopia. If you're interested there's actually a great video that goes in depth about the ethnic tensions and current unrest in Ethiopia: th-cam.com/video/gMpbxqLsdZY/w-d-xo.html&ab_channel=MyTake
I sang this like that "don't cry for me Argentina song". Not sure if you intended that but it's what happened and now since I don't know any other words I keep repeating your comment to that tune over and OVER..... Thanks Bub
And what you ask is the current Argentine media worried about, the death of Maradona. Its been 10 days of non-stop coverage... its annoying at this point.
Maradona is a parallel to Argentina, amazing Decades ago, decades of stagnation and bad decisions, followed by death.
I wish everything best for Argentina. Hopefully the economy will boom in the next decades.
Yes let's hope.🙏
?
Spoiler: It won’t until they fix the rampant corruption
@@Dantick09 true
The only way is for them to go back to Alberdi's model,
Peronism is possibly worse than communism
As Dinesh D'Souza said, they are lazy. At least the communists worked hard to make sure the industries still running. They, on the other hand, just tell industries to finance their agenda, regardless the business can survive or not.
Can you make an updated video about China-Australia diplomatic tensions, trade war...
They should talk about the ongoing Tigray conflict in Ethiopia. If you're interested there's actually a great video that goes in depth about the ethnic tensions and current unrest in Ethiopia: th-cam.com/video/gMpbxqLsdZY/w-d-xo.html&ab_channel=MyTake
Australia is irrelevant, they just don't know what to do about their neighbors becoming the world's dominant power
@@Zenboy23 There's nothing they can do.
Do you shop at a store that repeatedly slaps u in the face?
More relevant China - India Economic tension
Peronism doesn't work. Why is it so hard to get this across to Argentina's voters?
Venezuela can at least claim that their leadership isn't fairly elected.
They have employed so many people in the government that I have no idea how they will solve this nightmare.
Peronism plays on Nationalism and Statist Populism.
When peronism promises or givs you free stuff and subsidies on almost everything, why would you want it to end? That's paradise. Who cares if the country borrows to death as long as it is perpetually a huge employment agency, right? 😉
@@ronnelacido1711 It's awesome people don't realize themselves are paying for all the free stuff.
As a Brazilian I'm seeing more and more argentinians moving to Brazil, trying to scape before is to late. All this situation is sad, because argentina used to be the best of latin america, and now is moving to become another venezuela. It's just sad
Yep my Wife is Brazilian. She asked me why so many Brazilian banks are suddenly turning up, separate accounts for US dollars. I told her, it's because of the Exodus of Argentineans leaving their Country and going to Brazil. Since The Argentine Peso isn't worth anything, they take US dollars when they migrate to other Countries.
Also from what I've heard and read. They prefer to go to neighboring Countries. Uruguay, Brazil and Chile. I hope this is True? Because here in Peru, we are struggling with the MASSIVE number of Venezuelans that arrived here in just one month last Year. Our Economy is nowhere NEAR Big or Competitive enough, to allow Mass migration at a large scale.
@@MrSunturion yes they are coming to Brazil, uruguay and chile. The argentinian exodus will be a big problem for us, you guys on Peru will probably not be affected. The northern part of south america will deal with the venezuelans and the southern part will deal with the argentinians. South america is fucked as hell hehehe
Further these People that migrate to Capitalist Countries. From their Socialist failed Countries. Should not be allowed to vote in the Country that they migrated to. Since it was their voting decision, that Destroyed their Country of origin's Economy in my Opinion.
@@MrSunturion But again Argentina isn't a communist country, it was ruled by a chain of corrupt populist presidents. Basically Trump but who don't mock people with disability, but they keep saying Argentina is the best place to live.
I'm living in Argentina currently, this like many peronist goverments before is the worse that this country can suffer. So much corruption that put the people on their knees. I'm argentinean and also a US citizen, really sad for all that still happens and we never learn.
I have little sympathy for Argentina , considering their history.... Classic case of too much government
Agreed. I have studied this country and their history and have visited Buenos Aires dozens of times (I’m older)
Argentinians sound like Californians. "This place is screwed. Let's move somewhere else and then vote the same way so that we can screw it up too."
No, actually the votes from abroad are always against peronismo. And most people who leave tend to vote for the most anti communist and anti populist party in their new country.
@@MSuyay , I sure hope that's true for everyone who leaves. The video said that 80% of people polled want to leave Argentina. There has to be a large proportion of them voting for the bad policies that keep Argentina in this mess. They must not realize that these policies such as protectionism, powerful unions, and strict regulations are what's causing Argentina's economic decline?
@@lisalph8922 You are right. That sounds like California.
except the californian economy is the best in the united states...
@@Henryplant , California has the highest poverty rate in the nation when you consider cost of living and welfare available. www.politifact.com/factchecks/2017/jan/20/chad-mayes/true-california-has-nations-highest-poverty-rate-w/
How to break the cycle? What are the mechanisms of the cycle?
Left wings in Brazil, Argentina, Venezuela, Bolivia... do they have a deeper layer in common? Next video series, please.
Bolivia... they’ve lifted millions out of poverty and made improvements to the country.
@@kevinstfort This is what I think I know. Countries grow if they get lots of taxes. Taxes come from commercial acitivities and wages. The higher the salaries and production, the higher the taxes, so the country will promote industry and divert taxes to public debt in tha form of civil works. Once the public debt warms up the economy it comes the time to broaden commerce, more salaries and thus more taxes. At some point the country has to invest a little less because the economic growth attracts external capital and the "spared" investment can turn to public education and welfare, including basic medcare. This will promote more economic growth and consumption, which translates into taxes.
Rich become richer, lower sgments will raise above poverty, mid class will grow.
Why every single country on Earth don't follow this? Where am I wrong?
@@BBBrasil actually no. Many countries grow due to investment and spending. A country like Bolivia with immense resources can grow without massive taxation.
These countries have Always been poor and corrupt. Even Way before the surge of left-wing parties in the new millenium.
@@kevinstfort Hmmm, you are contradicting yourself. What is the purpose of investment and spending? Those actions mean money going away, how it comes back and grow?
When discussing Argentina's economic difficulties, it is tempting to look at things in a rational way and put forward ideas based on how the real world works. But this leaves out the simple truth: corruption. Any money that comes into the country, through private investment, international loans or tax revenues, simply filters away into the pockets of the corrupt leaders.
Before there is any possibility of forward movement, Cristina must go. She is too much of a divisive figure and too corrupt.
I had an Argentine classmate from uni who's planning to move to Texas to set up a tech consulting and web design business.
He has degrees in computer science and marketing but according to him, it's nearly impossible to start a business in Argentina.
Hopefully, the degree is recognised here. Some countries don't have reciprocal agreements of accreditation.
@@리주민 In Texas, we require little accreditation for most careers. As long as his expertise is credible with his clients, he should be fine.
8:50 Meanwhile when HGST employees were being made redundant in Singapore in 2014 (as the company decided to offshore it's factory to Thailand) I remember the labour minister said "you have to face the pain of restructuring"
You know, I keep hearing these sorts of stories of countries implementing anti-business policies that make the economic situation worse, and I got to ask, HOW DOES THIS KEEP HAPPENING???!!! At this point we know what works and what doesn't. What policies help the economy and what doesn't, same goes for business regulation. Does anyone explain the Argentine government that these policies don't work? And this is coming from someone who would love to invest in Argentina, but their government don't seem to get a f*cking clue.
Every time there's economic crisis in Argentina we get a wave of hot prostitutes and male waiters in trendy neighborhoods in Mexico City XD
Upgrades eh?
😂 I probably shouldn't find this comment so hilarious. Always an upside I guess.
Lol. I didn't know so many people migrated to Mexico.
@@MSuyay We're full of Venezuelans and other expats, some come with the intent of going to the US, but many more end up staying and making a living here.
Como siempre el mexicano chistoso
Argentina is the next Venezuela, no doubts on it.
where you from
Argentina should've focused more on science and technology
Instead of stifling and regulating away these fields, yep.
I believe it should focus on common sense :))
I’ve read a lot about this and have visited Buenos Aires many times . Argentina now is no longer “European;” rather, another Latino nation in South America. As a visitor from EUA, it is a pleasure to stay in your country. I bring U$Ds to protect against inflation. Buena suerte
I’m a Brazilian (Argentina is our neighbour) and I can attest -
Despite remarkable potential, structural and cultural corruption is what keeps both Brazil and Argentina in the same shit pit of mediocrity.
It is a lustful, desperate search for every single way one can be a smart-ass in every situation, then be ready to 1. point their finger to any foe who tries it and 2. use the opportunity to be a smart ass themselves.
It’s just convenient and most people just don’t want to change.
It’s their reality. It’s easier to just blame the politicians, THEIR incompetence and THEIR corruption.
Every time Argentina or Brazil seem to be taking off
it is yet again, as we call here
just another “ chicken flight “
same situation here in the balkans. the people WANT this, because everyone hopes to be the one benefitting from corruption. but the number of seats around the table is very limited. you have better odds in a casino.
@@guguigugu That is the sad reality in Balkan countries. No one wants to produce and invest, but all want to work in public sectors and enjoy privileges, oops I mean corruption. Politicians are a reflection of people's minds. I don't blame the politicians, as I blame those who vote it. The people don't want to change and understand that the only cure for poverty is entrepreneurship, not kissing political party asses.
Corruption only leads to increasing poverty and fly-away investors, nothing good for anyone even those corrupted in a long path.
@@MrAceman82
It’s all about political credibility and social justice. If people don’t feel like they’re being treated fairly they •will• try to make up for it.
I would say dictatorships (in recent history of the Balkans, Argentina AND Brazil) are in the heart of this common sense of impunity. That’s what makes people forget the importance of doing their small part in building a decent country.
“Why? Why bother?? If not me, someone else will do it”
This is all about common sense.
Exception to this is Germany.
Because It’s Germany.
argentina = softvenezuela
That is not a good comparison.
Venezuela was never in the 10 best economies of the world only to fall to Africa levels of GDP.
@@Turnil321 look for venezuela with angarita and mpj but you are right argentina its so dissapointment the polítical power try to keep Alive a country with in a Extended coma :/ . At least venezuela die and like a Phoenix may reborn within the ashes.
@@Turnil321 Venezuela used to be the wealthiest Latin American with incomes not far from western countries in the 1960s-70s.
@Turnil In Brazil, we sadly joke on how Argentina is moving super fast the Venezuela route. So, we refer to Argentina as "South Venezuela".
@@infiltr80r can't be compared
And now for the encore, a wealth tax...
That will be their special cherry on top.
Damn wealthy people funding all those social welfare programs. Who needs them?
Nobody wants to produce anything, they just want to be public employees to live the good life.... the result 👆👆
There is probably no jobs anywhere else but the public sector.
@@daple1997 thats what happens when you drive away all investors
@@daple1997 why is that I wonder? Maybe because there is so much red tape and costs needed to pay for those. Who in their right mind would invest in there?
This is how communism destroys economies
@@鄭文-o2b But argentina isn't even communist. They just suck at economic policy.
And to think that this was once the richest country in the world at end of the nineteenth century...
They took there status for granted just like USA is doing right now
It's hard watching a beautiful country with a wonderful culture and people getting ground under the heel of incompetence. I hope someday soon that you all get your country back.
I really wish an economic boost for Argentina. Buenos Aires is my favourite holiday spot and I love their high culture
Buenos aires SUCKS
Well best thing is to enjoy as long as it is cheap. Because if it recovers: it won´t be cheap as before.
@@boingoboingo482 You are really wrong. If you think bs as suck it is just because you havent gone there
@@annhernandez3239 i live here my whole life asi que cerr el or to, yo se de lo que hablo
Things I learned:
- a surprising portion of Argentines look like Capaldi
Yeah, that ex-president really looked like Dr Who. Maybe a future job possibility out of office :-)
Who is Capaldi?
@@ricardo_gioia Actor, former Dr Who.
@@zapfanzapfan Argentina had a strong italian immigration wave during late XIX century-early XX century
@@eavatar A former colleague's parents left Italy for Argentina in the 1950s, then fled to Australia during the junta when my ex colleague was an infant.
Argentina, the champion country of not paying their depts.
Oh the close-up camera angle and the color of his teeth is distracting me !
It's not his fault he's british.
He’s British. The way to do it is not mention nor stare.
Don’t be rude.
I smell them by looking at them... this channel should be reported if he doesn't start brushing his teeth.
They still managed to beat the All Blacks in a test match. Love from NZ.
Yeah there was something lol
Crises after crisis pray for Argentina ❤️🇦🇷❤️
The only few regions who stepped out of mid income trap and became developed since the end of ww2 are all located in one region, eastern Asia, Japan South Korea Taiwan singapore(mainly chinese) and hongkong, China is also on its way, all those regions have one thing in common, they rank top ten in IQ test according PISA resaerch each year. See the ranking of Argentina south Africa India and Brazil, those country has the much better deveopment condirion than eastern Asia. I kniw It's hard to believe but it is the truth.
The problem is not IQ, but corruption and envy.
When any government subsidizes something, that deprecates their currency and increases production costs. Well, investors don't like that.
Always, and then blame capitalism does not work, but in reality, is messed up with socialistic policies.
The West won't look into IQ research because the science disproves their egalitarian state ideology.
@@MrAceman82 The problem isn't caused by a single issue but many different contributing factors. A high IQ is a major factor and op isn't wrong. A high median IQ of a population allows for greater understanding of issues and better decision making skills. This makes them less reactionary and more able to see the relationships between different things. Understanding the interconnectivity allows people to have a greater understanding of the big picture. This intelligence allows them to comprehend problems such as corruption and envy, which you mentioned.
Low median IQ of a population causes problems with development because they can't comprehend how things interconnect to create a big picture. This makes them easily manipulated. They will readily accept simplistic explanations on complex matters and then make policies based on the explanation. Many of the policies are emotionally based. When the policies fail the people keep trying them again based on the latest simple explanations and whatever scapegoat the political class uses to place blame for the previous failure. This cycle continues because the average citizen is unable to see the big picture.
I hope my explanation was adequate. If you are interested in topics such as these you should read the Russian authors Anatoly Karlin and Vladimir Avdeyev. Karlin probably has some of the better stuff on IQ and intelligence. Avdeyev writes more about the hereditary traits of different peoples. This is a topic that is silenced in the West because the science goes against their state ideology. The suppression of this science happens at all levels of Western society so you will need to look more at Russian and Asian research.
Just because the truth is uncomfortable doesn't mean we should ignore it. This is a factor that must be taken into consideration for proper analysis
Its rare to see a country devolve.
no, it's not.
In the long run, eventually all countries devolves.
@Super only if you consider a VERY small time window. (less than 1000 years)
South America is so strange. On one side having so many advantages but also failing miserably in others.
Do Nigeria next. DO NIGERIA NEXT!
In reality nigeria is not as bad as Argentina it just plagued by corruption
If you want me to expantiate better i will i just want you know nigeria is not as terrible as Argentina
I see that you care about 3 world impoverished countries. That’s nice and I think you are a good person. I have a friend that is looking for a good person to help him. He is of secret royalty and has vast amounts of riches and needs help sharing it with other good people just like yourself. He would like to start you off with a small payment of 160 million dollars all for you because of your good heart. In order for him to do that you will have to register as a owner of a holdings account in the bank of Nigeria. In order to do so we have a lawyer ready to do your foriegn agent paper work to get you on this account. Now my friends money is already locked in that account with the additional $15000 to cover your paper work charges. The only problem is you will have to pay the lawyer $15000 dollars now but you will have the reimbursement in the account. We are so happy to work with such a good person as yourself. This paper work needs to be filed quickly! We have only 3 days or else the account is goes with out an owner and the government and bank take the funds.
@Jumpcut Jimmy are you sure you know anything about Nigeria indeed the government is corrupt but debt to china and wage inequality common are no where as you are saying it is
55%-60% of Nigeria debt is owned by the Nigeria government and it citizens go check it it all available in the public domain and Nigeria though still have high poverty rate there is not that much on inequality in fact Nigeria is one of the very few countries with good wealth equality(note: i am not denying that there isn't wealth inequality but relatively speaking when compared to other African countries or other countries in the world Nigeria is significantly better than most). one major and significant problem with Nigeria economy is over reliant on black gold(crude oil) as it makes up to 70%-80% of it GDP which is very terrible that is also why Nigeria economy is usually robust during the oil boom market and it shrinks during bust of oil market
Excelent video. I'm from argentina and i can assure its all true.
Sadly there is really nothing to do... Power wont switch hands, it's time to leave the country
Oh Argentina always making Brazil feel better about itself.
Di Maria
Mascherano
Messi chau
Messi chau
Messi chau chau chau!
The most popular song 6 years ago.
Sounds like Zimbabwe on the currency crisis
There will have to be shared pain for Argentina to recover and grow...and because it has gone on for so long that pain that will eventually have to come is growing. The high taxes must come down, the subsidies must be reduced and the government payroll must be reduced, but to do that people will suffer for several years while the economy regains strength. If you implemented these things...you would be voted out of office, so neither side wants to do them.
Don't cry for me Argentina 🎵!
Argentina won't be prosperous until the last Peronist get driven out of Argentina or six feet under.
Argentina is next Venezuela?
Not even close, I'll said. I mean, Argentina situation is bad, but Venezuela is in a whole different level.
A lot of thing would need to allign and happen, like leader popular enough to concentrate power, and this leader actually believing that he can arrange and fix all economy.
US on the way with Democrats
@@martinwalterfigueroa4761 Sadly, I don't think the US cares about Venezuela as much as people thinks.
Excellent summary from different points both economically and the thinking of young people in Argentina today. Good video, greetings from an Argentine entrepreneur!
The cuteness of the channel's new face is distracting me from it's content...(",)!
The worst thing a right wing government could do to their economy is protectionism. The worst thing a left wing government could do to their economy is over taxation.
🇦🇷 Argentina: Why not both?
why not also chuck suitcases of cash over the wall of a monastery www.reuters.com/article/us-argentina-corruption-idUSKCN0Z02KM
Since my first visit in 2000 is constantly going down. The adaption of Corruption over the years will not make thinks better. Beautiful country and amazing people. They deserve better.
every country gets what it deserves
@@FixedFace NOT in the case of Argentina. They really do deserve much, much, much better than the band of criminals and liars currently in power.
Have they already put up this sign to the Ministro Pistarini International Airport wall: "Last one to leave, please turn off the lights"? Poor Argentina looks to be going that direction.
Argentina will get bailed by IMF again as usual anyway ¯\_(ツ)_/¯
@@Meonium Oh yes, there's that...*facepalm*.*double facepalm*.
You’re a very good narrator, I could listen to you for hours and not get bored .👏🤗🌻❣️
Since Kirchner government, like Lula government in Brazil, both countries lost the opportunity to grow. Now as Argentina faces a whole crisis, like last year they limited the ammount of dollar a citizen could buy, maybe in the next 2 years Brazil will face the same destiny (not like we are doing great right now, but idk how much corruption we can take).
What about Chile??
What about Chile?
How was Argentina doing back when they had a positive perception of fascism and nazism?
they are doing very better
@@ffccardoso not really. there were around 500 families that ruled argentina till about 1920. it was all going well but the 1st world war really dented their biggest customers pockets so they went downhill fast. the political classes sent argentines to study fascism in italy, came back and were very influential. the rest was predictable.
I know we like to not blame the population of a country and give them excuses but their leaders reflect their mentality and I dont mean through the actions he did after being ellected but by his reputations , his agenda and how and with what politicians can get away with. If the population allows this then the population deserves it. I wont pretend I know solutions given the pandemic situation but under normal circumstances........I would say to take out the pitchforks and torches , lads and lasses. When the leadership doesnt listen and doesnt serve the population the only way to prove that you are not ok with it , atleast from my point of view, is massive protests. Organized massive protests.......and if that doesnt work then rioting.
I can’t wait until Quip is a video sponsor
Spanish politicians are saying Argentina is the model to follow, to achieve economic and social grow. It's like they don't have eyes
Argentina is Nigeria twin brother. Currency control is their main DNA trait. Nigeria just removed restrictions on currency this month out of desperation due to significant reduction in FDI
Assistiremos sim!
Argentina is the punching bag of this channel is swear
Kitchener is in Ontario, not Argentina.
Always like what I learn from this channel.
It's history!!!
Reasons are as follows high taxes heavy bureaucracy and A WORTHLESS currency combine to make Argentina one of the worst places In South America to do Business in
12:54. Sold for $1 ?? Literally at any price.
Can’t see it improving until a critical mass of people start to reject the same bad old ideas
Problem is: any new administration inherits huge debt, a bloated government and union labour contract employment. Argentina now is partners with IMF for survival
Try telling those in the West who advocate such policies that they are a bad idea. There's nothing like clear and unequivocal evidence that you are wrong to prove that you are right, at least in their minds.
Argentina the slow Venezuela
Looks like it. Still wish it will never happen since ARGENTINA had very good resourses in the past, at least before WW II.
It is sad. It a beautiful country, talented people and a political system that is pushing people into poverty
Fuerza Argentina! Las Malvinas te pertenecen
Saludos de Colombia
I am also considering leaving Argentina
The story of Argentina sounds like it was written by Ayn Rand! Get ready for the JB&KH sequel!
Reality always surpasses fiction m8
@@matiasfpm but if it's not an Elizabethan tragedy the only one who could write it would be Aristophanes. But he'd be deplatformed!
You have been improving Spanish, congratulations to both of you.
You gotta promote investment in your country! People want jobs.
No, I personally just want money.
@@MichaelDavis-mk4me They just want money without working...and just like in my country most want to enter in public sector.
@@MrAceman82 I don't know about your country, but in Canada, public sector pays like crap. You always go private unless you work in healthcare or education (pay is better in those two fields). The only advantage of public outside of education and healthcare is that your rights are very well protected and the government never goes out of business.
@@MichaelDavis-mk4me Once the country enters a vicious cycle it is very hard to get out. The bigger is the government, the bigger are costs, so and taxes. When costs are increased, and added heavy regulations normally the investors fly-away. Then spiral goes down.
@@MrAceman82 Unless the government makes money. When a government nationalises an industry and actually manage to make tons of money out of it, they can use their money to subsidize their local industry. That's how the Scandinavian countries managed to get so rich with huge taxes. Argentina and Venezuela struggle due to incompetence and corruption, not due to government industries.
new channel immediately subscribed...
That sounds familiar, those are very close to what happened to us in Iran after the revolution. I predict a misery, not unlike ours
RIP Maradona
The favorite country of visual politiks
Someone is dating an Argentinian person in this channel ♥️🍤
As a Brazilian, I feel sad about our neighbors; especially knowing that my home country can experience the same fate if some politicians come to power here.
Habla en portugues
@@boingoboingo482 Sendo brasileiro, sinto triste pelos nossos vizinhos; especialmente sabendo que meu país pode experimentar o mesmo destino se alguns políticos ganharem as (próximas) eleições aqui.
Di Maria
Mascherano
Messi chau
Messi chau
Messi chau chau chau!
Why do political leaders have so much power over the economy?
dunno. ask nisman.
As a libertarian, that is the real question that should question every person.
Deeply rooted nationalism, distrust of foreign companies/entities and corruption.
It's called socialism.
Argentina is a nation of feelers.
Would be ironic if Chileans take over
The Philippines has the claim to the world's longest quarantine, boo Argentina!!
When government is done bad I think of 2 places Venezuela and definitely Argentina. The countries in South America when there is a problem they make it worse...
Think Argentina is bad, do a video on South Africa
Argentina is a sad story and a warning for all developed countries that get comfortable and don't think the cancer of leftism will come for them.
Well said Sir.
Not sure what country to pick for a video again...should I pick Japan or Argentina this time?
I miss Simon😭
Do a video on Cuba and the San Isidro Movement, please.
Please to a episode on Ethiopia.
If you're interested in the ongoing Tigray conflict in Ethiopia, there's actually a great video that goes in depth about the ethnic tensions and current unrest in Ethiopia: th-cam.com/video/gMpbxqLsdZY/w-d-xo.html&ab_channel=MyTake
Nice
Me: Mom, I wanna meet Simon Whistler.
Mom: We have Simon Whistler at home.
Simon Whistler at home:
They need serious political leadership change! Just as many countries do. But Argentina needs a leader that will follow a different economic model. Any, different economic model?
Austrian, for a start
@@MrAceman82 They seem to do pretty well for themselves?
would it be a good idea to buy real estate over there?
we will all be like argentina soon
Argentina will be known as Southern Venezuela.
At some point a great place for a turnaround, and to buy low sell high.
Argentina deserves everything it gets. Keep voting for the same terrible politicians with the same terrible policies
The problem with Argentina is the people.
Which is a real shame because their ancestors came there to work. Italian immigrants had like twice as many bank accounts as native Argentines in 1887.