The Mighty Fallen: Argentina and the Great Depression

Re:The Mighty Fallen: Argentina and the Great Depression by telesilla on Saturday August 07, 2021 @05:29PM (#28101996)

I visited around 10 years ago and found it to be a truly interesting country, though indeed mired in recent controversy and historical bloodshed and all the political to-and-fro discussed in the article, but also full of delights and fascinating people and strong cultural elements (grilled meat! Late night dancing!), a clear cross between old Europe and the new world, more than any other perhaps. My anecdote on the finance system: the local street market had signs posted by the local government that mandated prices-in order to curb inflation. That was a first for me, seeing vendors unable to set their own prices.

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Re:The Mighty Fallen: Argentina and the Great Depression by ericol on Saturday August 07, 2021 @05:45PM (#28102139)

> local street market had signs posted by the local government that mandated prices-in order to curb inflation. That was a first for me, seeing vendors unable to set their own prices

I'm sorry, could you be more specific about what it is what you saw?

There are no "government mandated prices" in this country, at least not like you make it sound(Apologies upfront if I miss understood you).

There is a government program where all big market have to carry products where their price is fixed by the government. The idea is that you can always have the chance to go for a cheap product if you are poor, but it's not for instance that all milk brands have to have the same price.

And milk can get pretty expensive pretty fast in this country: It always come in 1 litre recipients, and the cheapest one (The one that is within the mentioned program) is right now at ~70 pesos (Some 73 dollar cents at the official dollar price, 40 cents at the current rate for the dollar in the back market... but foreigners can hardly get this price for their dollars).

I don't know what the prices are in other countries, but I think tourists will find prices rather high compared to their countries once tourism starts again.

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Re:The Mighty Fallen: Argentina and the Great Depression by telesilla on Saturday August 07, 2021 @06:19PM (#28102412)

Yes, it was an outdoor farmer type market in a suburb of Buenos Aires, there were signs saying for example, butter costs 10 pesos a kilo(or whatever, sorry I can't recall the values). Maybe I misunderstood but it seemed to be a notice that the consumer shouldn't pay higher than that price, to keep inflation controlled. It was not a tourist market at all, everything in español.

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Re:The Mighty Fallen: Argentina and the Great Depression by gus_massa on Saturday August 07, 2021 @08:01PM (#28103002)

It's difficult to be sure without a photo, but probably it was part of the program "precios cuidados". It was not 100% mandatory, and not 100% voluntary, it was something in between, so I don't blame you for being confused. The factory and the supermarket got some benefit in exchange of keeping some of the products in the list at a low price. For example, nobody fussed them if the premium brand increase the price.

Something similar happened with the Big Mac in McDonald's. At some point the price of the Big Mac was like 30% lower than the other similar hamburgers. Inside the restaurant, you had big advertisements of the other combos, hamburgers and premium hamburgers, but the Big Mac appeared only in the small list of prices in the corner. I found this link with more details https://www.pri.org/stories/2012-02-07/argentina-likely-mani...

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Re:The Mighty Fallen: Argentina and the Great Depression by eafer on Saturday August 07, 2021 @05:52PM (#28102206)

> And milk can get pretty expensive pretty fast in this country: It always come in 1 litre recipients, and the cheapest one (The one that is within the mentioned program) is right now at ~70 pesos (Some 73 dollar cents at the official dollar price, 40 cents at the current rate for the dollar in the back market... but foreigners can hardly get this price for their dollars).

That's actually extremely cheap by international standards, if this source[0] is to be trusted. Of course it seems expensive for most argentinians because wages are also terribly low.

[0] https://www.numbeo.com/cost-of-living/country_price_rankings...

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Re:The Mighty Fallen: Argentina and the Great Depression by ericol on Sunday August 08, 2021 @03:24PM (#28109356)

Thanks for the link; This was something I wanted to see.

All in all, I doubt that number is entirely accurate. Argentina is a _very_ large country, and even the minimum price varies greatly depending on the region.

I have family in Patagonia, for instance, and they tell me it's impossible to get the cheap milk brand over there.

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Re:The Mighty Fallen: Argentina and the Great Depression by mc32 on Saturday August 07, 2021 @05:43PM (#28102125)

There’s something sick about their economy. Quite a few economic dynamos emerged from the legacy of bloodshed and dictatorships. Argentina has natural resources. It has institutions. But perhaps it lacks vision and the will to carry out that vision.

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Re:The Mighty Fallen: Argentina and the Great Depression by ericol on Saturday August 07, 2021 @05:47PM (#28102155)

We have a very crooked political caste. I'm giving this as an example; I don't want to get into a political discussion. But in the last government alone, we received around 50 billion dollars from the FMI also alone, that was entirely dilapidated.

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Re:The Mighty Fallen: Argentina and the Great Depression by is_true on Saturday August 07, 2021 @06:51PM (#28102583)

Do you have a source on that? Most of the money was used to pay the debt from Kirchner's government

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Re:The Mighty Fallen: Argentina and the Great Depression by ericol on Sunday August 08, 2021 @03:20PM (#28109332)

> Most of the money was used to pay the debt from Kirchner's government

Do _you_ have a source on _that_?

Anyway, here's a source [1] for you. It says in the month before the elections, the central bank of Argentina sold over 4 billion dollars to keep the dollar rate at bay (2.7 billion _just_ in the week prior..

Between the "PASO" (Elections where all candidates can postulate, but only those that get over a certain % of votes do make it to the primaries) and the primaries, more than 20 billion dollars were sold in the internal market:

> Desde las PASO las reservas cayeron USD 23.000 millones y los depósitos, unos USD 13.000 millones

(Im' quoting the article here). Where is YOUR source.

[1] https://www.infobae.com/economia/2019/10/31/el-banco-central...

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Re:The Mighty Fallen: Argentina and the Great Depression by is_true on Sunday August 08, 2021 @03:24PM (#28109358)

Where's the dilapidation?

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Re:The Mighty Fallen: Argentina and the Great Depression by KSteffensen on Sunday August 08, 2021 @02:14AM (#28104588)

Corruption is quite bad in Argentina. This is not limited to politicians, it's at all levels of society.

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Re:The Mighty Fallen: Argentina and the Great Depression by berns on Saturday August 07, 2021 @07:02PM (#28102654)

What is sick is the degree and extent of corruption in every level of society.

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