what went wrong for latinx america?
CIA niggers>tp>tfIt's the truth regardless
cia o algo
>>221599502>chile in thirdthis is why you shouldn't believe meme graphs
>>221599502I love Hispanics
We all retarded
>>221599502>Kirchnegrism>2011
>>221599502>despite the brutal hyperinflation Argentians are richer than us, even if our economy is doing great thanks to proximity with the USAThis country is fucking cursed
>>221599730Inflation doesnt actually matter if you keep raising wages to compensate you can literally keep doing so for infinite growth and then just reset your currency every 10 year once one price of bread costs 1 quintillion because economics are all completely made up.
>US GDP per capita was $23889 in 1990>US GDP per capita was $85810 in 2024what explains this?
>>221599761The average american is still poorer now than back then because the cost of everything has massively increased and value of one dollar has decreased
>>221599761>i pay you $10 to eat shit>you pay me $10 to eat shit>we created 2 jobs and added $20 to the gdp
>>221599502>great recession causes disruption on trade>ww2 causes disruption on trade>agrarian Latin American countries are vulnerable>the US lends money to them so they are friendly to the Allies>those governments use it to invest on local industries to supply their internal markets>economies grow fast>they start taking loans from the IMF to keep funding this import-substitution industrialization>but their internal markets are limited >but not pushing these companies to aggressively compete in the external market made them less efficient>growth slows down while debt keeps growing>uh oh>Latin American crisis>hyperinflation>economy is shit>neoliberal reforms>countries deindustrialize and become more dependent on commodities>debt is still big, interest rates are now high in order control the exchange rate>but there is no money to invest on the good kind of government-sponsored industrialization (export oriented)>still needs to protect the little industry they still have so they need high tariffs>so stuff is expensive>stuck trading with itself and selling commodities that are subject to cyclical price oscillations
>>221599502Look at this
>>221599755Yeah but the problem is that wages do not keep up to inflation.So yeah inflation is a problem.
>>221600071That graph only says that people from CDMX are more likely to get a collage degree. What does that have to do with GDP?
>>221599502>Argentina literally 20 years stagnatedHow?
>>221600918Leftist ideologies.Basically people fell for the trap of socialism, they think they can get free stuff from the government with no consecuences whatsoever.
