Thursday, April 16, 2009

What Argentina can teach us about current global economics

Interesting find on PrimaPanama's blog today. Here I am on my first trip to Argentina, and lo and behold I discover that this country has all the experience to deal with the current global economic meltdown. It seems there is a lot of reason behind these videos from Adrian Salbuchi here in Argentina. I actually hope his prognosis is mistaken, but I have a sense his reasonings are pretty well founded.

The key point that got my attention is how during these times governments "privatize profits and socialize the losses". Ring a bell with anyone here?

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