Saturday, June 11, 2011

Argentina the "Poster Child" of American Form of Capitalism

Argentina in the 1990's became the “poster child” of the United States regarding its capitalist economic policies when Argentina adopted the neo-liberal economic policies designed in Washington D.C. by the US government.

Argentina was completely sold on the ideas of “neo-liberalism” a modern politico-economic theory favoring free trade, privatization, minimal government intervention in business, reduced public expenditure on social services, etc

Neo-liberalism describes a market-driven approach to economic and social policy based on neoclassical theories of economics that stresses the efficiency of private enterprise, liberalized trade and relatively open markets, and therefore seeks to maximize the role of the private sector in determining the political and economic priorities of the state.

Argentina the “poster child” of the United States prescribed economic policies, and here is the actual results when a country adopt the American form of capitalism:

Documentary on the events that led to the economic collapse of Argentina in 2001 which wiped out the middle class and raised the level of poverty to 57.5%. Central to the collapse was the implementation of neo-liberal policies which enabled the swindle of billions of dollars by foreign banks and corporations. Many of Argentina's assets and resources were shamefully plundered. Its financial system was even used for money laundering by Citibank, Credit Suisse, and JP Morgan. The net result was massive wealth transfers and the impoverishment of society which culminated in many deaths


Argentina's Economic Collapse – Part 1 of 12

http://www.youtube.com/watch?v=rH6_i8zuffs&playnext=1&list=PLFBD7EFAE8BE4F748

Time: 6 min.


Argentina's Economic Collapse – Part 2 of 12

http://www.youtube.com/watch?v=whVSw5X2pVU&feature=autoplay&list=PLFBD7EFAE8BE4F748&index=2&playnext=2

Time: 9 min.


Argentina's Economic Collapse – Part 3 of 12

http://www.youtube.com/watch?v=JPddW3da2aA&NR=1

Time: 9 min.


Argentina's Economic Collapse – Part 4 of 12

http://www.youtube.com/watch?v=4dbb4U8v3YQ&NR=1

Time: 9 min.


Argentina's Economic Collapse – Part 5 of 12

http://www.youtube.com/watch?v=VPZcxQhUc9E&NR=1

Time: 9 min.


Argentina's Economic Collapse – Part 6 of 12

http://www.youtube.com/watch?v=lMiedzHeUzg&NR=1

Time: 9 min.


Argentina's Economic Collapse – Part 7 of 12

http://www.youtube.com/watch?v=gPST2cqgVQs&NR=1

Time: 10 min.


Argentina's Economic Collapse – Part 8 of 12

http://www.youtube.com/watch?v=CBSNTxPM3mU&feature=related

Time: 9 min.


Argentina's Economic Collapse – Part 9 of 12

http://www.youtube.com/watch?v=nnig3LwEs3Y&feature=related

Time: 9 min.


Argentina's Economic Collapse – Part 10 of 12

http://www.youtube.com/watch?v=UsirWiQ5kv0&feature=related

Time: 10 min.


Argentina's Economic Collapse – Part 11 of 12

http://www.youtube.com/watch?v=qAtVUx8_Rps&feature=related

Time: 10 min.


Argentina's Economic Collapse – Part 12 of 12

http://www.youtube.com/watch?v=lvEPPsC3Xfs&feature=related

Time: 9 min.


In a Nutshell:

After the major bankers including JP Morgan Chase, Citigroup, Bank of America, “Goldman Sachs the Pillage People”, the major hedge funds and investment companies finish building their traps of all kinds of debt in the targeted country, then they pull the plug, and they destroy the economy of these countries and pillage everything in sight.

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