Why has the Argentinian economy gone to shit? (lemmy.zip)

submitted 2 days ago by LtDan@lemmy.zip to c/asklemmy@lemmy.ml

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Argentina is going through difficult times (especially with the Peso being bad as it’s very volatile) since most Argentinians would prefer USD over the Peso either through savings or investment.

That’s because the dollar is the best bet not only for savings, but for making a living (if they can manage to get remote work). The thing is, how did Argentina end up in this situation in the first place?

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[-] HootinNHollerin@lemmy.dbzer0.com 23 points 2 days ago

[-] Cowbee@lemmy.ml 23 points 2 days ago

Because it's run by an AnCap that decided to nuke all social services and sell the entire country out to the IMF and crypto scams.

[-] aski3252@lemmy.world 4 points 2 days ago

Sadly, it went to shit before his time even, which is why many were so desparate to fall for a ridiculous conman like him. He was just the final nail in the coffin.

[-] Cowbee@lemmy.ml 3 points 2 days ago

It was damaged, not destroyed.

[-] OhmsLawn@lemmy.world 13 points 2 days ago

The saying goes There are 4 types of national economy: developed, developing, Japan, and Argentina. Argentina's economy has been in trouble for a very long time.

It's a very complicated subject.

Here are a few videos to get you started:

https://m.youtube.com/watch?v=Q3Wbmzphszo&t=287s&pp=ygUTYXJnZW50aW5hJ3MgZWNvbm9tedIHCQnZCgGHKiGM7w%3D%3D

https://m.youtube.com/watch?v=E7MzfNTSk4A&pp=ygUKYXJnZW50aW5hIA%3D%3D

https://m.youtube.com/watch?v=xTe6fjwadmo&pp=ygUQemVpaGFuIGFyZ2VudGluYQ%3D%3D

[-] theneverfox@pawb.social 6 points 2 days ago

Because the world Bank and IMF fucked them when they resisted selling off their country through outside investments, leading to their currency being debased and ultimately giving them weak footing for international trade

They've never really recovered from that, and they've also flitted back and forth between wildly different economic interventions desperately trying to fix things

[-] IWW4@lemmy.zip 8 points 2 days ago

Why has the Argentina Economy gone to shit .. again?

The country has defaulted on its debt/gone bankrupt nine times.

[-] belated_frog_pants@beehaw.org 5 points 2 days ago* (last edited 2 days ago)

https://en.wikipedia.org/wiki/1998%E2%80%932002_Argentine_great_depression

They've never recovered from this and their presidents keep doing boneheaded shit.

[-] QuentinCallaghan@sopuli.xyz 1 points 2 days ago

Javier Milei might have something to do with it.

this post was submitted on 01 Apr 2026

16 points (100.0% liked)

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