The difference between the coming implosion and that of the early 2000's is that USA ability to project power and conduct gunboat diplomacy is much weaker and weakening further as time passes. If USA is stalemated in Venezuela and Russia prevails in getting what it wants in Ukraine and perception of USA military power is otherwise damaged, there will be very strong temptation by Argentina to default. Many oligarchs will have already gotten their liquid wealth out of Argentina and be more worried about revolution than threats by distant USA to cut Argentina off from the western banking system, so they may decide to join the calls for default as a way of blaming someone else and deflecting attention from themselves. Plus even the slightest military threat allows instant and permanent freezing of all foreign owned assets in Argentina, as justified (kinda sorta) by the precedent of EU seizure of Russian assets.
Repudiation of debt is not discussed much nowadays because USA since 1945 has been able to make repudiation extremely painful. But things might be different in the future. Needless to say, partial repudiation is also possible: repudiate USA, EU, IMF debts, honor debts to China, South Korea, Japan and other countries that produce electronics and machinery that less developed countries truly need to import.
It was the weakness of the left when it was in power that made this possible, they did not take out the agri-business oligarchs and their tools in the state when they could have. The real set up was Macri with the huge IMF loan to fund massive capital flight, and the unreadiness of Kirchner to just default on that illegal loan. All that set up the ground for Milei. The left in Argentina are bourgeois, not revolutionary - same old story again and again and again.
That's the great evil of Neoliberalism, it hijacked whatever was left of the "left" no matter the country. As you said same old story again and again and again
There are examples of people who don’t repeat the same story again and again, who have a revolution and afterwards live without any ruling class and have laws and leaders that consistently serve everyone. The Deepest Revolution (https://thedeepestrevolution.com) profiles many examples of these kinds of healthy nations, and what it would take to have such a deep revolution ourselves instead of falling into the same traps indefinitely.
The difference between the coming implosion and that of the early 2000's is that USA ability to project power and conduct gunboat diplomacy is much weaker and weakening further as time passes. If USA is stalemated in Venezuela and Russia prevails in getting what it wants in Ukraine and perception of USA military power is otherwise damaged, there will be very strong temptation by Argentina to default. Many oligarchs will have already gotten their liquid wealth out of Argentina and be more worried about revolution than threats by distant USA to cut Argentina off from the western banking system, so they may decide to join the calls for default as a way of blaming someone else and deflecting attention from themselves. Plus even the slightest military threat allows instant and permanent freezing of all foreign owned assets in Argentina, as justified (kinda sorta) by the precedent of EU seizure of Russian assets.
Repudiation of debt is not discussed much nowadays because USA since 1945 has been able to make repudiation extremely painful. But things might be different in the future. Needless to say, partial repudiation is also possible: repudiate USA, EU, IMF debts, honor debts to China, South Korea, Japan and other countries that produce electronics and machinery that less developed countries truly need to import.
The steal of the deal was so easy even these 2 clowns were able to pull it off
It was the weakness of the left when it was in power that made this possible, they did not take out the agri-business oligarchs and their tools in the state when they could have. The real set up was Macri with the huge IMF loan to fund massive capital flight, and the unreadiness of Kirchner to just default on that illegal loan. All that set up the ground for Milei. The left in Argentina are bourgeois, not revolutionary - same old story again and again and again.
That's the great evil of Neoliberalism, it hijacked whatever was left of the "left" no matter the country. As you said same old story again and again and again
There are examples of people who don’t repeat the same story again and again, who have a revolution and afterwards live without any ruling class and have laws and leaders that consistently serve everyone. The Deepest Revolution (https://thedeepestrevolution.com) profiles many examples of these kinds of healthy nations, and what it would take to have such a deep revolution ourselves instead of falling into the same traps indefinitely.
shortening the statue of limitations. Statute?
Fixed! Thanks.