The interesting thing will be see if the Argentinian crisis spills across its border, and spreads to the rest of Latin America. The US media has up to now been strongly insistant that this crisis is purely Argentinian, and that there is little danger of it spreading. I am far from being any sort of expert on Latin American economics, but that seems to strain credibility to me. After all the same bourgeois media, has up to now been just as strongly insistant upon the reality and importance of economic interdependence between countries, and certainly Argentina's economy is closely intertwined with that of her neighbors. And of course Argentina is hardly alone in being victimized by IMF policies which (with the connivance of her own economic and political elites) forced an agenda of privatization and marketization down the throats of the Argentinian masses. So why should we expect the crisis to remain confined within Argentina's borders?
Jim F. On Tue, 29 Jan 2002 18:09:08 +1100 Rob Schaap <[EMAIL PROTECTED]> writes: > G'day all, > > >So what's behind this. > > > >Where is Rob? > > Still here, comrade. Just too pressed to meet cyber-obligations is > all. > > As for Jim's references to Argentina; I'm of the opinion the economy > has > been bled white. Gone are the public monopolies and cushioned > middle class > that might have afforded an economic and social stability that might > survive the genuinely starvation-inducing policies needed to service > debt > and attract fdis. Gone is a fiscal base for government-sponsored > recovery > (and public debt stands at around $14 billion, anyway). Gone is > faith in > free market economics in general. Gone is faith in Uncle Sam. Gone > is any > residue of pan-Latin sentiment (Brazil's 1999 devaluation hit > Argentina and > its IMF-US$-pegged currency hard). Long gone is faith in the army > (which > has not spawned a wannabe saviour in any event). Look out for > nationalist, corporatist, paternalist, isolationist, xenophobic, > sentimentalist reaction, though. Unlike modern lefties, those > people > really know how to organise around opportunities like this. Which > is > seriously important, because Argentina is but one in a queue ... > > Cheers, > Rob. > > ________________________________________________________________ GET INTERNET ACCESS FROM JUNO! Juno offers FREE or PREMIUM Internet access for less! Join Juno today! For your FREE software, visit: http://dl.www.juno.com/get/web/. _______________________________________________ Marxism-Thaxis mailing list [EMAIL PROTECTED] To change your options or unsubscribe go to: http://lists.econ.utah.edu/mailman/listinfo/marxism-thaxis
