100 years ago, Argentina was one of the richest, most successful countries in the world. Even as recently as the early 1960s, its GDP per capita was higher than that of Japan, Italy, Spain or Austria.
What went wrong? Never-ending shambolic governance, never in the common good.
Argentina has scarcely had a decent government in a century. Its political system is a disaster. Its economy is a disaster. The right fails, the left fails, and Peronism - which stands for nothing, believes in nothing, but just drapes itself in emotion and the flag - rules.
It is the only economy I can think of which travelled from the Third World to the First World, then all the way back to the Third World again. There are four different kinds of economies:
- Developed
- Underdeveloped
- Japan
- Argentina
But this isn't a thread about Argentina. It's a thread about Britain: a country with which Argentina has this fascinating love/hate relationship. Conflict over the Falklands/Malvinas and football; but British culture is hugely influential among young, well-educated Argentinians.
And you see: I think the two countries have more and more in common. And not in a good way either.
I left the UK in 2012. When a Uruguayan here asked me why, I answered: "Because we're turning into Argentina".
What did I mean by that?