The issue isn't he is cutting programs. It's that he is selling out every part of their society to foreign investors. I'm skeptical that country will be any better. It's like nafta etc that just end up gutting a domestic market so hard it forces a ton of companies and properties to sell to foreign owners.
Sell everything out to foreign investors, then you flip the switch and just take everything back. What are you going to do? Go to war with Argentina, an extremely poor country that doesn't have any major natural resources except for agriculture?
You essentially need to do a complete reset, creating a new currency and starting over with minimal government to see where it will take you.
Sell everything out to foreign investors, then you flip the switch and just take everything back.
I've actually pondered this as a solution the problem that the US is selling everything to foreign investors. There's absolutely nothing stopping them from citing "national security" and seizing everything right back or paying pennies on the dollar in some sort of eminent domain proceeding.
The shame is that it won't help the individual losers: if you sold your farm to a Chinese company it's not like the US is just going to give it back to you, even if they seize the farm from the Chinese.
It's also a one time trick. You're not going to get foreign investors ever again if they think you can just steal their property on a whim.
That's the reason why China's buying gold instead of US Treasuries with their excess Biden Bucks. After seeing what happened to Russia, they see the writing on the wall with the crumbling Global American Empire.
The issue isn't he is cutting programs. It's that he is selling out every part of their society to foreign investors. I'm skeptical that country will be any better. It's like nafta etc that just end up gutting a domestic market so hard it forces a ton of companies and properties to sell to foreign owners.
Sell everything out to foreign investors, then you flip the switch and just take everything back. What are you going to do? Go to war with Argentina, an extremely poor country that doesn't have any major natural resources except for agriculture?
You essentially need to do a complete reset, creating a new currency and starting over with minimal government to see where it will take you.
I've actually pondered this as a solution the problem that the US is selling everything to foreign investors. There's absolutely nothing stopping them from citing "national security" and seizing everything right back or paying pennies on the dollar in some sort of eminent domain proceeding.
The shame is that it won't help the individual losers: if you sold your farm to a Chinese company it's not like the US is just going to give it back to you, even if they seize the farm from the Chinese.
It's also a one time trick. You're not going to get foreign investors ever again if they think you can just steal their property on a whim.
That's the reason why China's buying gold instead of US Treasuries with their excess Biden Bucks. After seeing what happened to Russia, they see the writing on the wall with the crumbling Global American Empire.
If you sell your property to a chinaman you deserve to lose it all.
Argentina is not a poor country in nearly any resource.
If that were true you wouldn’t be third world.
Yet you are.
Venezuela's main export is oil, allthough Argentina's is mainly agriculture it is far more diverse than that of Venezuela.
We are also talking socialism vs capitalism as a basis for the turnaround.