Thursday, May 31, 2012

Protesta

Pots banging, people shouting, fireworks (I hope that's what it is) going off. Sounds you might hear at the winning of a soccer game. Yet, this time it's in protest.

What do the Argentines have to protest?

One might look at their society as progressive. They have a woman president. They allow gay marriage. Sex change operations are now covered under medical insurance. But, one does not rid the country's problems by being progressive.

Government corruption is a persistent problem.
Argentina is closing itself off from the world. They do not allow imports, even on necessary items, like insulin for diabetics.
Recently, the government nationalized it's oil (YPF). This caused many countries to turn it's back on Argentina for not letting capitalism run it's course.
It is almost impossible to get your hands on U.S. dollars. It is practically a black market selling of U.S. dollars.

While there are both good sides and bad sides to every decision a government makes, it puts pressure on your people to constantly change and directly effect their everyday life.
People are tired and scared. Scared of another economic crash like the tragic one of 2001 where many middle class families found themselves completely broke overnight.

I am no one to have a full on intelligent conversation on these topics. Economics, while interesting, are not my forte. All I know is people are tired of President Christina Kirchner and the implications her decisions will have on the economy of Argentina.