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And, yes, I DO take it personally: Was Argentina's 2001 economic collapse a preview of what's happening now worldwide?
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Saturday, March 07, 2009

Was Argentina's 2001 economic collapse a preview of what's happening now worldwide?


this link takes you to a 12-part youtube video series on the 2001 economic collapse in argentina... living there, i of course had heard many of these stories but watching these clips brought it home to me in a way nothing else ever has...

i highly recommend watching these if for nothing else as a backgrounder to what's now taking place world-wide with potentially the same ramifications...

A documentary on the events that 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.

here's part 1 to start you off...

i confess to having tears in my eyes as i watched this and felt the intense passion and anger of the people i've come to know and love holding forth for their country and what they believe in many of the same streets and plazas that i've walked myself...

(note: i've just watched the first 8 parts and i DARE you to watch them yourselves and not make the comparison to what is now happening in the G8 countries, particularly the uk and the u.s...)

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