“You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew.” Albert Einstein

Argentina’s Economic Collapse


Events which  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.

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One response

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    Young revolution

    July 7, 2011 at 1:41 pm

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