Extremist Javier Milei won Argentina's presidential election on a far-right platform, pledging to abolish most government ministries, abandon monetary sovereignty, and adopt the US dollar, while cutting ties with China and withdrawing from BRICS. Ben Norton explains how a history of debt and colonialism keeps the South American nation trapped in seemingly endless crisis.
Check out our article "How Argentina has been trapped in neocolonial debt for 200 years: An economic history": [ Ссылка ]
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TOPICS
0:00 Meet Javier Milei
7:54 History of debt traps
13:38 Sergio Massa and Peronists
19:27 Economist Ha-joon Chang on dollarization
22:27 Cut ties with China and Brazil?
24:51 Far-right "libertarianism"
27:55 Inflation, IMF, and foreign debt
30:46 Alberto Fernández surrenders to IMF
33:58 Investocracy: Rule by foreign investors
38:09 Exports and imports
39:35 Dependency theory
43:09 Protectionism and kicking away the ladder
46:28 Past failed dollarization schemes
52:56 Outro
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