Argentina’s Economic Collapse (full video; subtitled)

Dandelion Salad

peltecs on Jan 27, 2011

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. If you want to stop the same thing from happening here, and it is happening here, right now, please join the revolution at the Kick Them All Out Project, and the Fire Congress Campaign.


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16 thoughts on “Argentina’s Economic Collapse (full video; subtitled)

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  13. “Mafiocracy”, a term worth googling.
    Poor Argentina. “The open Veins of Latin America” appears to be part of the national DNA by now.

    The whole thing was treated like one of Gordon Gekko’s corporate raids.

    Interesting all the shots of the neoclassical, bombastic buildings. The design of the cities seem to be a stage-set for the various folly of old Europe, from monarchy, fascism, glorified nationalism in miniature.
    No wonder the Nazis liked it there.

    What promotes mass, systemic corruption;
    Industrial capitalism?
    International banking?
    Militarism? Ideology? Privatization? Nationalization?

    What promotes the rejection of corruption:
    Categorical rejection of all these “isms & schisms”…

    Perhaps society should re-emphasize and celebrate small communities, small business, self-sufficiency, small production and barter. The resources of industrial capitalism redirected to safer, self-sustaining communities.

    Factories were taken over by Argentinean workers after they closed. This is a good model for industry: The factory as communal structure, where everyone has an ownership stake.

    The whole idea of working for the man, in a factory or corporate job driven to promote profits for the boss at the expense of workers is a model that drives even the resultant unions to corruption.

    Workers should have an ownership stake, not just cop out on commerce, becoming a cog in a machine driven by someone else.

    Small business works far harder, all workers should be in a sense in business for themselves and their factory or community, or production entity at once.

    Banks should be all very small, and local, and highly regulated to smithereens (heed even the biblical warnings against usury and moneychangers).

    Mass national, global international industrial and banking entities run for exploitation is designed to funnel the wealth of the world to the few, at the expense of the people.

    In a sense, it’s the people’s fault for accepting this– I think they often want to shirk the entrepreneurial spirit to be a faceless cog in a factory or corporate job, when if they took responsibility as co-owners for general efficiency and output, we’d all be small businesses, and we’d all be responsible, and corruption, at least this sort of corruption and swindle of masses by the few would be dismembered…

    For the security of being able to go home at night, and not think about the success of the group enterprise and their participation in it, the modern worker has given up the security of having a say in their future. They will be downsized at will, and always be outsourced, and collectively at war (i.e. ‘collective bargaining’) against the boss, whose main ambition is to screw everyone and everything for personal and shareholder profit.

    The idea of equities needs to be dramatically rolled back. Markets have been systemic in the balloon mentality, the promotion of fear and greed, which ultimately now undermines whatever was beneficial about industrial production.

    Imagine if people actually worked on products made by the people for the people, not on bogus disposable consumerism aimed at bogus profits. Imagine if the best brains developing products at big pharma were instead of swindling people to buy drugs they know are bad (Abilify, which apparently was known to cause diabetes, Vioxx, etc.), instead of promoting the cancer-industrial-complex which feeds the insurance industrial complex… Imagine if instead they focused on prevention and cures…, or imagine if all those engineers at GM were allowed to be the smart people they are, would they have promoted SUV’s over electric cars? I bet not!

    I would bet that if people were redirected to take a personal, participatory place in their personal work and the ‘corporate’ group they work with (not just stock options and profit-sharing, which promotes the aims of the greed-model), they would find a new meaning in personal responsibility, and would not fall into the trap of corruption, or allow themselves to become intimidated by authoritarian power. Each group would have the sense that they are participating in a progressive whole, production would refocus on benefitting people, not the corporate/ruling classes, and happiness and satisfaction would spread across the land, wars would stop and resources would be conserved, the ‘mood’ of politicians, whom power always seems to corrupt, would be redirected by a new people-powered progressive culture of conscience.

    But then, once again, the people love to follow, en-masse, and ‘believe’ their leaders. This is something bred into them by kings and religions and nationalistic impulses. This is a biological psychology that people need to be trained to reject, if genuine personal participation and responsibility is to be the goal.

    Is that the goal? if not, there will always be corruption, intimidation, and vast greed and graft, now on a globalized scale.

  14. Scary but thought provoking… I’m still of the view that many people here in the UK, while they are aware that there is a crisis, see it as just a serious recession and nothing more. That worries me as they will be caught unaware and unprepared when it becomes all too clear that we are in slump conditions and that nothing will ever be the same again…

    Here’s my take on it :

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