A High Wind in Argentina

Argentina has come of age. For over a quarter-of-a-century it had remained hostage to left-wing protectionist politics. Nothing wrong being true to one specific political ideology, one might quip. It becomes a burden, however, if the said political ideology does not deliver. During the high noon of this specific ideology, the country’s economy went into a free fall. Once the richest country in Latin America, Argentina’s economy is in shambles after years of economic mismanagement by populist left-leaning politicians. Here is a snapshot of that dire state-of-affairs. Currently, Argentina is experiencing an inflation of over 143 percent. And, every two in five Argentinians is living in poverty: i.e., some 40 percent of the total population