Saturday, February 07, 2009

Argentina's Economic Collapse

It's in Spanish, but there are subtitles.

Documentary on the events that led to the economic collapse of Argentina in 2001 which wiped out the middle class and raised the level of poverty to 57.5%. Central to the collapse was the implementation of neo-liberal policies which enabled the swindle of billions of dollars by foreign banks and corporations. Many of Argentina's assets and resources were shamefully plundered. Its financial system was even used for money laundering by Citibank, Credit Suisse, and JP Morgan. The net result was massive wealth transfers and the impoverishment of society which culminated in many deaths due to oppression and malnutrition. Official name: Memoria del Saqueo by Fernando Solanas 2003.


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2 comments:

geneo said...

Good stuff there.

Thanks for posting this.

Back before I'd heard of blogs - 01 or 02, I read an article about this, and it made me start to wonder where the U.S. was headed.

Can't say I feel any better about the fears that article raised all those years ago.

I think we need to be studying incidents like this.

It would be good for us to know a lot more than we do about how governments are forced from power peacefully.

:)

I've got an angry rant up if yer interested.

hipparchia said...

that's lovely rant, geneo. ranting is one of the many things that blogs are good for.

as for the coming economic collapse, i keep emailing and calling the white house and my congresscritters and whispering wpa... ccc... holc... glass-steagall... wpa... ccc... holc... glass-steagall... wpa... ccc... holc... glass-steagall... wpa... ccc... holc... glass-steagall... .

then i go to the store and buy more hurricane supplies.