CaspianReport Does a Terrible Job Showing Why Argentina is Not Rich
https://www.youtube.com/watch?v=vu22RNjjrG0 In December 2022, a YouTube channel with over 1.3 million subscribers, known as CaspianReport, uploaded a video titled "Why Argentina is not rich". The thumbnail of the video fittingly shows Juan Peron in front of the Argentine flag. This seemed no doubt understandable. The legacy of Peron's spendthrift populism has definitely not left Argentina after all these decades, as shown by the multiple Presidents and legislative politicians who have called themselves "Peronists" over the years, including current President Alberto Fernandez. Seeing that, one expected that maybe the video was going to go over the very dumb things that happened under his presidency/dictatorship. These would include, but not be limited to: restriction of international trade, wage-and-price controls, seizure of private property, nationalization of multiple industries, and creating a Nordic-style social democracy that was largely financed by money...