Monday, December 19, 2011

The Argentina Model?

[Changed to a YouTube version because it is complete; the Google version wasn't. But warning: the last ten minutes or so has very garbled sound.]

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 due to oppression and malnutrition. If you want to stop the same thing from happening here, and it is happening here, right now, please join the revolution at the Kick Them All Out Projet and the Fire Congress Campaign.

Pot and pans are good.

Note: the video was posted to Google 3 years ago, it has been on YouTube as long. In the interim, the parallels between the situation in Argentina and in the United States -- not to mention Europe -- have become even starker.

Note: the Census Bureau has recently released figures showing that about half of Americans are now officially poor or low income.

Note: the parallels... many of the same individuals and banking institutions are involved in the current global exploitation regime. Even if they don't always get away with it, they don't care. They get away with it often enough to ensure they will always be counting profits at everyone else's expense.

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