Z: Yes, I intended bloodshed. I'm certain that many would grasp the opportunity to see as intolerable any substantial increase in what is already a significant sovereign indebtedness.
On the corruption topic: I'm aware that Argentina's attorneys-general have a full docket, and have had measurable success. There remains much work to be accomplished, however.
On industrial expansion: Very True! I had started to post something on this a while back. Got interrupted.
Certainly, I agree that the economies require more dimension. and they working to that end. Tough job though.
Only several years ago Argentina had a cotton industry that exported nearly all of the raw product. For the complacency of an industry owned and operated by the state, entire enterprises founded in cotton by-products were ignored. The Uruguayan textiles industry was only too happy to accommodate the blunder.
Yes, it will take some more time. Can't ignore how much of a hindrance corruption always is. That's for sure. But, if Argentina ever gets rolling again in earnest, unhindered, it'll be a juggernaut.
On Soros: Haven't read Victor's post. I'll wait.
You're right, of course. For what good prospects lie ahead, the financial terms for any assistance could be sweetened.
Enjoyed the commentary, Z. As usual. |
