Argentina Financial Collapse - Fantastic Documentary

[ShannonOBrien]

Where is the second part? Am I blind?

P.S. The parallels to our current situation are undeniable.

 

[Knut Schreiber]

Argentina got worse with privatization. How do we answer this?

I don't know about Argentina and I haven't watched the video. But we have a privatization debate over here in Germany and I want to emphasize one point. Obviously and as history has shown the nationalization of private enterprises is a bad thing. But that doesn't necessarly mean that the privatization of public enterprises is in any way always a good thing. The problem is that privatization is still a political act and with it being political there come problems like selling a public enterprise to buddies for cheap. Or like changing a public monopoly to a private monopoly. Private monopolies can be worse than public monopolies (in the short run). And often the activities of the private investor are limited by contractual options demanded by the politicians who don't want to give up all their influence.
So there are many problems. In South American countries like Chile intransparent and blind privatization has lead to oligopolies of elitist groups.

I still support privatization of nearly everything, but I know that the shape of a politically dominated business sector is much different to what it would have been like in a free market. So blind privatization could lead to a bad result. If you distrust politicians (and you should), you should distrust them doing privatizations, too. Because what makes you think that they suddenly do things for the "public good"? That's why we as advocates of free markets and private business have to take a more sophisticated approach. We have to make clear that we don't favour a blind privatization approach, but that privatization has to be a transparent process and should go hand in hand with increasing competition.

 

[FindLiberty]

Yoda say, "Some answers, read this book if you are seeking!"

http://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit_Man
(And note the comment on the epilogue to the 2006 edition.)

 

[JosephTheLibertarian]

I'm watching this documentary and I think that it's rather interesting. I didn't quite understand some of the things the protestors were saying at first, like, for example, the IMF is an economic model? lol. What? What exactly was that guy referring to when he said, "outdated system"? I thought, "Hmm, are these people socialists?" I'm not sure why I never feel sympathy for socialists. I guess because I think of socialists as an epitome of evil, undeserving of sympathy, perhaps, because they have angered me so much in the past? I also don't believe that socialist protestors truly support stateless society, I believe that they're plagiarists of anarchism, fakes, frauds, and are undeserving of any true anarchists' sympathy. That's how I feel about them, anyway. Oh, here we go, "big business." We also have the old, socialist sounding, commentator. Is it me, or can you really pick off a South American socialists by merely listening to his accent? lol.

What's a "petrodollar"?

Okay. What do they plan on doing with those pots and pans, cook the government to death? lol. They need to get their hands on some arms, tanks, shit like that. I just can't tell weather they're socialists or not, perhaps, a mixture? I always try to try and envision what alien protestors really want. Sometimes, it ends up being a worse cause than what they're protesting against.

It's a very interesting documentary.

"Why don't foreign banks treat us like foreign customers"? Umm, maybe because they're in bed with the governments of the world? . The laws of supply and demand don't apply to banks, unless it's a localized bank, because they are delegated party by those who have the power, the state. That's why the state is evil What right does the state have to have so much power, to have any power? A state is nothing more than a parasite, it grows, it pretends to help, it cloaks itself, it feeds you all of this patriotism bs in order to perpetuate your ignorance, otherwise, the state would die off. You replace state and religion with philosophy, secular ethics, and the scientific method.

Whatever you do, Argentina, don't replace the corporatists with the socialists! Jebus, when do people learn? lol.

That dude in that huge bank was smart, but why such a statist? Dumbass!

 

[JosephTheLibertarian]

Sorry to bring up a dead thread, but I have to ask something...

Argentina got worse with privatization. How do we answer this?

Wrong. Argentina got worse with the corporate elitism. Big difference. Are you capable of thinking objectively? When there's the IMF to blame, government to blame, central bank to blame, you go ahead and you blame the non-existent free market. What does that say about your ability to think objectively? I suggest you learn the differences between free enterprise and corporatism.

 

[JosephTheLibertarian]

"If you say what you think, no one will vote for you"

Case in point? lol. Ron Paul!

Anyone catch that line?

 

[DAFTEK]

THIS WILL NEVER HAPPEN IN THE NATION OF SHEEP! PERIOD! People here in the states have been castrated of their balls.... I don't think we will see this in the states unless you bring the boys from the LA hood to DC...

 

[JosephTheLibertarian]

THIS WILL NEVER HAPPEN IN THE NATION OF SHEEP! PERIOD! People here in the states have been castrated of their balls.... I don't think we will see this in the states unless you bring the boys from the LA hood to DC...

I think we're already seeing it. Didn't the government just nationalize a bunch of "private debts"? Is Obama portraying that dude with the sideburns?

 

[RonPaulMania]

Wrong. Argentina got worse with the corporate elitism. Big difference. ...I suggest you learn the differences between free enterprise and corporatism.

Joe, stop all the caffeine, I'm asking an honest question. You are the one getting subjective asserting my motivations for asking the question without addressing the issue. I don't mind your passion, that's great, but answer with less assessing of my motivations.

It's a fact that corporate elitism can be part of a free-market privatization. To deny that would be the same as denying history. How do you stop the connection? With lawsuits? It won't stop the plundering. So my question was how privatization to the private sector can stop corporate elitism. If you you were more helpful and less agitated you would address my issue and question and I hope you do. Please explain how you can privatize huge aspects of the public sector that are social in nature and yet avoid corporate elitism.

It's obvious to me that I know what happened, the question was how do you avoid it and how do you privatize huge aspects of the economy without this happening? Free markets are a promotion of profit, and with the promotion of profit comes greed. That is UNAVOIDABLE as people, from experience and a review of history, look for their own good rather than the whole of society. When you privatize huge aspects of the social structure you are sure to get greed overtaking what is best "for the market" eventually. This is an historical fact. It's like people saying no to the Fed, which I agree with, but how do you stop what happened in 1837 before the Fed?

Money finds a way to be centralized to "elitists". I don't see how it's not possible and I'm looking for answers. If you would be kind enough and show me an historical example, or some guidance on how it's possible I would appreciate it. Being a quasi-historian of the Western world cannot see how it's possible, but that's not to say that I'm wrong, or that I know everything. I just want an explanation and some proof.

Not too hard is it? And this question is for anyone.

 

[walt]

bump, great video, thanks.

 

[Falseflagop]

erry parallel WOW

 

[Soccrmastr]

It's certainly an interesting piece of history. I'm more curious about how and why the Argentinian collapsed occured after having watched that video than I was before seeing it. The documentary filmmaker seems to view the cause of the collapse as being primarily due to economic privatization programs that divested the state of enterprises at bargain basement prices to unscrupulous financiers who basically liquidated the companies for easy short term profits.

The filmmaker takes a decidedly socialist slant and seems to be arguing that the state should have kept control of the major industries and managed them in such a way that would benefit the Argentine people. He definetly does not trust free business people to run these businesses in a way that would benefit the local communities.

at first I thought I was watching the wrong video, then I saw your comment. I guess you're the only one in this thread who actually watched the video.

 

[Vote Waterman 2028]

I think we're already seeing it. Didn't the government just nationalize a bunch of "private debts"? Is Obama portraying that dude with the sideburns?

Thats exactly what i was thinking when i watched the film, or its bush. If you look and listen to the platform bush ran on in 2000 you will die laughing of how it is the complete opposite of what he actually did. The bush family will go down in history as the worst people on earth, next to hitler.

 

[DAFTEK]

Bump, more people need to see this !!!!!!!

 

[kombayn]

Awesome documentary. Good for the people. I can only imagine what a United States revolt would look like.