A life of boom and bust: Can Argentina break the cycle? Descargar

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  • 29 nov. 2018

  • A century ago, Argentina was one of the ten richest countries in the world. But crisis after crisis has earned it the dubious distinction of being the only nation ever to regress to developing country status. With hyperinflation, devaluations and IMF bailouts now facts of life, we meet the people who have lived through a major economic crisis roughly once every decade – including a taxi driver who lost everything in the 2001 crisis and now earns more money selling antiques. We also travel to some of the worst-hit places, where sermons from slum priest “Padre Toto” give people hope. But 2018 has once again tested Argentines’ patience. Inflation has topped 40% and the peso’s value has halved compared to the US dollar. Mauricio Macri’s government has tried to stem another crisis by signing up to the biggest bailout package in the IMF’s history. With the country’s future in limbo, the FT provides a glimpse into life in constant economic turmoil and asks: Can Argentina finally break the cycle of boom and bust? ► Try the Financial Times for 4 weeks for just £1. Start your trial now - http://bit.ly/2ry7Tkz ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Get the best curated news on Twitter: https://twitter.com/financialtimes and on Facebook: https://www.facebook.com/financialtimes

Comentarios

  • joel dong
    joel dong Hace 10 meses

    Argentina is like one of those friends that is always broke. Instead of cutting back spending and build up their savings, they rush to spend every dollar they earn. Go broke, for a few weeks until they get their new paycheck and rush to spend all of that as well.

  • helena russel
    helena russel Hace 4 meses

    Buenos Aires look so European first world.. just can't wrapped my head around this contradiction.. its Paris London and Barcelona all in one..

  • Armando Gonçalves
    Armando Gonçalves Hace 1 año

    I think the main issue in Argentina is corruption.

  • Veronica Picon
    Veronica Picon Hace 1 año

    As an Argentine native that left the country 26 years ago, watching this video made me weep for a country that pushed me out to be able to succeed. My life in Argentina is condensed within this 14min video. Although painful to watch, extremely real and truthful. Thanks to the crew that put this together.

  • arville2020
    arville2020 Hace 1 año (editado)

    The chronic disease of Latin American countries - Governmental economic mismanagement and a population that relies too much on government welfare. Why? Because of the colonial farmer mentality that the Spanish left - survive until the next harvest or in today's term live and work until the next paycheck. God forbid that you should think about starting your own business and flourishing when you could just work for others for a steady paycheck or better yet work for the government. No planning and preparations for the future nor efforts made to aggressively adapt, expand, invest and manufacture current and future technologies. The world economy is evolving, specialized niches of technology manufacturing is now monopolized in Asia while Latin America is still stuck in the economic model of the fifties, what exactly are they trying to do with their economy?

  • Julian Aguirre
    Julian Aguirre Hace 6 meses

    I'm from Argentina. And I'm going to generalize (with the errors that it brings) .The problem of this beautiful country is his people. They do not understand the basic problems of their economy. They prefer to blame politics, but in their daily lives, they prefer the easy way.

  • Marco Balboa
    Marco Balboa Hace 8 meses

    ... A great country that has been ruined by corruption and greed

  • Yoav Nader
    Yoav Nader Hace 1 año

    Such a shame to see this beautiful country struggle so much

  • mamborambo
    mamborambo Hace 11 meses

    I visited this beautiful country in 2004, and two more times. What a wasted potential, such a gem of resources and rich culture.

  • Coolbread Rye
    Coolbread Rye Hace 1 año

    WHOOPSIE DOOPSIE WE BROKE IT AGAIN!

  • MaxZagar
    MaxZagar Hace 1 año

    Yes, but this report lacks totally information on who has been running Argentina to the ground. No mention of the Kirchner family ?

  • Raghav garg
    Raghav garg Hace 1 año

    This is the type of documentary that I like.

  • chai chai
    chai chai Hace 1 año

    Hopefully get a chance to tour Argentina. Beautiful name

  • Hi Hi
    Hi Hi Hace 9 meses

    History repeats itself. Eventhough I like Argentina, Argentina never escapes the cycle of default. I am confident that Argentina will be Africa of Latin America.

  • A. Denise Farias
    A. Denise Farias Hace 1 año

    As an argentinian this video made me cry, we have so many chances to end up worst than we are now, and yet people want to trust people that had already been in office and didn't do what needed to be done un order to help the country grow

  • Abdiraxman suleiman
    Abdiraxman suleiman Hace 1 año

    Messi comes to my mind

  • Wesley Koppe
    Wesley Koppe Hace 1 año (editado)

    The Argentinians didn't realize yet that the State whose they expect everything is exactly the source of the whole evil.

  • masroor khalil
    masroor khalil Hace 11 meses

    argentina as name hear seeen that it may be a very developed country

  • Gasper Kosmac
    Gasper Kosmac Hace 1 año (editado)

    how the hell could this regression from 10 richest to developing country level even happen? I don’t think there was a lot of war going on down there either..

  • John Morel
    John Morel Hace 11 meses

    The cycle will never end Argentine society is indoctrinated to believe that a giant state with very high public spending is good, they do not realize that this generates inflation, debt, high taxes, which end up in lack of competitiveness, divestment, unemployment, inflation and debt crises. Politicians irresponsibly in order to win elections and maintain power they’ll never reduce state spending because it is unpopular.