by Chris Martenson, Peak Prosperity:
Things are worsening because we pursue the wrong policies
Recently I spent a month in Buenos Aires. I went there to study the culture and the economy of a formrely prosperous land, filled with kind well-educated people.
One key lesson was this: Given enough time, bad policies will eventually ruin any advantage.
While not as bad off as it was in 2002, when the masses took to the streets banging pots and pans in protest of their nations ruined economy, the city of Buenos Aires is still clearly depressed. As are most of its people.