>Government takes a shitton of loan for 30 years until they cannot pay them anymore and default >President resigns and interim president starts budget cuts >Election. New elected president assumes with a defaulted country, submerged in povert and keeps the budget cuts >We start getting a lot of money from exports because very good commodity prices (agro exports mostly) >With this money we get a superavit and we leave default >New government spends this money in populist stuff such as huge public employment, welfare, etc. >This causes a new deficit. In order to pay for this deficit they start printing more money which causes inflation >Economy starts resenting again and populist government loses the elections >New government starts to cut budget again so they can beat this deficit >People oppose to this structural adjustment of the economy so the government has to make a gradual adjustment >This makes the deficit even larger so we have to start taking loans again >Repeat process
Retards in this country cant into economics. We are doomed. Fuck this shithole.
You could literally hand the reins to any average american and they could run it better than any latinx. You guys are so bad at everything down there. If your women weren't as good looking as they are no one one even acknowledge south america's existence.
Bentley Wilson
>latinx Kill yourself.
Blake Mitchell
Stop crying, no one gives a shit about your shitty country Juán.
