Posted on Jul 30, 2022
Argentina's Government Collapsing, People Refuse to Work Amid Major Subsidy Cuts
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Maj Robert Thornton
And if I remember Argentina’s history correctly, they were a wealthy nation until Juan Peron!
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Maj Robert Thornton - Before Peron, there were others who started the ball rolling... Here is a snippet from Wikipedia:
"1930–1943
This era known as the "infamous decade" has attracted great attention for its ideological, social and political dimensions.[7] The military coup in 1930 forced Hipólito Yrigoyen from presidency, and emplaced José Félix Uriburu.[7] Uriburu was overthrown by Jose. After gaining presidency, Uriburu made efforts to institute reform through incorporating corporatism to the Argentina Constitution, which was seen as a move towards fascism.[7] This move split alliances, and resulted in support shifting towards Agustin P. Justo.[8] Justo took a different political stance, starting a policy of liberal economic moves that primarily benefitted the nation's upper classes and permitted great political and industrial corruption at the expense of national growth.[8] One of the most infamous decisions of Justo's government was the creation of the Roca–Runciman Treaty between Argentina and the United Kingdom, which benefitted the British economy and the rich beef producers of Argentina.[8] This was a decade of great unrest, and conflicting political, philosophical and social ideology.
1946–1970
Juan Perón
During the Post World War-II world Socialism in Argentina was largely informed by the brand of socialism that newly elected president Juan Domingo Perón would institute. Right wing Socialist thought implicated the movement in many ways. A strong reform on wage and price controls amongst the seizing of private property for the government were among those methods employed by Peron.[9][failed verification] He acted out this socialist ideals with little resistance from parliament and society. Peron used wartime reserves to aid the finance of ‘Peronist extravagance’, however the money ran dry come 1950. The ensuing economic stagnation was combated by Peron's aggressive socialist Five Year Plans, which essentially sought to ‘favour agriculture over industry.'[10][unreliable source?]
In 1955 Socialism in Argentina would then take a different form with the ousting of Peron by military coup.[2] However, the economic upheaval caused by the Socialist reform of Peron prevented the economic growth experienced throughout most of the world during the 1950s and ‘60s.[2] The Government continued to implement Peronist socialism to little effect. Immense debt amongst the continued economic decline followed in the wake of Perons’ socialist reforms, and inflation continued to grow.[2] This unease grew to a boiling point in the 1970s, with a communist uprising.[2] Socialism however, would change drastically in its effect and institution during this period."
"1930–1943
This era known as the "infamous decade" has attracted great attention for its ideological, social and political dimensions.[7] The military coup in 1930 forced Hipólito Yrigoyen from presidency, and emplaced José Félix Uriburu.[7] Uriburu was overthrown by Jose. After gaining presidency, Uriburu made efforts to institute reform through incorporating corporatism to the Argentina Constitution, which was seen as a move towards fascism.[7] This move split alliances, and resulted in support shifting towards Agustin P. Justo.[8] Justo took a different political stance, starting a policy of liberal economic moves that primarily benefitted the nation's upper classes and permitted great political and industrial corruption at the expense of national growth.[8] One of the most infamous decisions of Justo's government was the creation of the Roca–Runciman Treaty between Argentina and the United Kingdom, which benefitted the British economy and the rich beef producers of Argentina.[8] This was a decade of great unrest, and conflicting political, philosophical and social ideology.
1946–1970
Juan Perón
During the Post World War-II world Socialism in Argentina was largely informed by the brand of socialism that newly elected president Juan Domingo Perón would institute. Right wing Socialist thought implicated the movement in many ways. A strong reform on wage and price controls amongst the seizing of private property for the government were among those methods employed by Peron.[9][failed verification] He acted out this socialist ideals with little resistance from parliament and society. Peron used wartime reserves to aid the finance of ‘Peronist extravagance’, however the money ran dry come 1950. The ensuing economic stagnation was combated by Peron's aggressive socialist Five Year Plans, which essentially sought to ‘favour agriculture over industry.'[10][unreliable source?]
In 1955 Socialism in Argentina would then take a different form with the ousting of Peron by military coup.[2] However, the economic upheaval caused by the Socialist reform of Peron prevented the economic growth experienced throughout most of the world during the 1950s and ‘60s.[2] The Government continued to implement Peronist socialism to little effect. Immense debt amongst the continued economic decline followed in the wake of Perons’ socialist reforms, and inflation continued to grow.[2] This unease grew to a boiling point in the 1970s, with a communist uprising.[2] Socialism however, would change drastically in its effect and institution during this period."
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