2001-12-21 03:54:51+00 by TC 2 comments
I've been reading Balance of Power by Chris Crawford and it's little ominous watching Argentina go down the drain. I know we are busy pounding the mountains in Tora Bora but it just seems very wierd to let a 2nd world country drop into chaos
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comments in ascending chronological order (reverse):
#Comment made: 2002-02-21 05:33:55+00 by: Larry Burton
I don't think we are "letting" anything happen in Argentina. Are we? I mean, if we go in and wipe out a debt to prop up a government that has angered its people to rioting aren't we continuing policies that have resulted in us having to pound the mountains in Tora Bora?
#Comment made: 2002-02-21 05:33:56+00 by: TheSHAD0W
The World Bank has already tried propping up the country; it didn't help.
The fact is, Argentina, with its 30% VAT on top of an income tax, has endemic problems which can only be solved by a nice bankruptcy and reorganization. Unfortunately, while companies can often reorganize without incident, when it happens to a government things usually aren't so neat.
Based on the politics of the man who will be taking over the Presidency, I'd have to say the next government will be a quasi-benevolent dictatorship.