Argentina

Far-Right Libertarian Javier Milei Is The Next President Of Argentina

November 20, 2023 People's Dispatch. Educate! Argentina, Elections, Far Right Politics, Neoliberalism

Javier Milei, the candidate of the Liberty Advances far-right libertarian party, was victorious in the second round presidential elections in Argentina held on November 19. With 99.3% of the votes counted, Milei had scored 55.7% of the vote, while his opponent, center-left peronist Sergio Massa of the Union for the Homeland coalition, trailed behind with 44.3%. Milei will take office as president on December 10. In his victory speech, Milei told supporters, “The situation in Argentina is critical. There is no space for gradualisms nor for lukewarmness or ambiguities…If we don’t advance rapidly with the structural changes that Argentina needs, we will face the worst crisis in our history.”

The Perilous Path From Western Domination To De-Dollarization

October 3, 2023 Justin Podur, People's Dispatch. Educate! Argentina, BRICS, China, De-dollarization, Global Economy, Global South, Pakistan

Two interesting things happened at the BRICS summit in South Africa in August. Several new members were invited to join BRICS in 2024: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. And, at Brazil’s urging, a commission was established to study the possibility of a new currency to replace the dollar in international trade. Currency swap agreements will continue to be the way the process moves forward in the short term, though, because the dollar cannot be replaced in a rush. To escape the shackles of dollarization, Global South countries have a perilous path to walk. The major problems, as described by political economists Michael Hudson and Radhika Desai, are as follows...

BRICS Becoming Economic Powerhouse: Petrodollar Under Threat

August 31, 2023 Ben Norton, Geopolitical Economy. Resistance Report Argentina, Brazil, BRICS, China, Cuba, Global Economy, South Africa

In its summit in Johannesburg, South Africa this August, BRICS invited six new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. The bloc now represents 37% of global GDP (measured at purchasing power parity, or PPP), as well as 40% of global oil production and roughly 1/3rd of global gas production. The inclusion of top oil producers like Saudi Arabia and the UAE, which have long priced their crude in dollars, is a direct challenge to the US petrodollar system. All of the invited nations have indicated that they will officially join the extended BRICS+ bloc on 1 January 2024.

‘A New Form Of Colonization’: Argentinian Workers Confront The IMF

July 29, 2023 Leonardo Erhardt, The Real News Network. Resistance Report Argentina, colonization, IMF, Working Class

The International Monetary Fund (IMF) and World Bank have a long history of plunging Global South nations into unsustainable cycles of debt. For Argentina, this process has been ongoing for decades, and is now reaching a breaking point. Since 2015, the Argentine peso has lost 80% of its value against the US dollar, leading to a cost of living crisis affecting a wide swath of society. The economic shock of the pandemic and the latest $44 billion IMF loan package delivered in 2022 have only made matters worse. In the second half of 2020, more than 40% of Argentinians were in poverty.

Argentina: Protests Continue, Indigenous Communities Demand Repeal Of Constitutional Reform

July 7, 2023 Pagina 12, Orinoco Tribune. Resist! Argentina, Constitution, Indigenous Rights, Mass Action

Raúl Choquevilca—the president of the indigenous community of Ocumazo, in Humahuaca, Jujuy province of Argentina, and member of the Assembly of the Third Malón de la Paz—confirmed on a local radio interview that a new day of protests was beginning in Jujuy against the express and unconsented regional constitutional reform, promoted by Gerardo Morales, the governor of Jujuy province. In a communiqué released this Thursday, July 6, Choquevilca informed that all roads will be blocked and that no traffic will be allowed “until the constitutional reform is repealed,” although they clarified that they will allow the transit of essential services.

Jujuy Rises Up Against Repression And Regressive Reforms

June 20, 2023 Zoe Alexandra, People's Dispatch. Resist! Argentina, Indigenous Rights, Jujuy, Mass Actions

In Jujuy, Argentina, communities and organizations have been mobilizing on the streets and highways to reject the constitutional reform that was pushed through an early approval by the provincial government of conservative Gerardo Morales in the early morning of Friday June 16. The massive protests in cities and towns across the province, which have seen participation from Indigenous communities, trade unions, and social movements, have been met with heavy repression from state forces. On Saturday June 17 in Purmamarca, Jujuy, police cracked down on the blockade of Highway 9 organized by Indigenous communities and social movements since early Friday.

For Argentina’s Small Farmers, Land Is Predictable But Markets Are Not

June 9, 2023 Vijay Prashad, Tricontinental: Institute for Social Research. Educate! Argentina, Drought, Food and Agriculture, Land Reform

Thirty years ago, in my economics textbook in India, the section on international trade referred to Argentina. It would be better, according to the textbook, for Argentina to concentrate on the production and export of beef, while Germany should direct its resources towards the production of electronics. This example was used to illustrate Adam Smith’s ‘absolute advantage’ principle – countries should focus on what they do ‘best’, rather than diversify their economies. It seemed churlish to me, that developing countries such as Argentina should only produce raw materials, while wealthy countries such as Germany went ahead with technological development.

Argentina Adopting US Dollar To Fight Inflation Would Be ‘Insane’

May 26, 2023 Ben Norton, Geopolitical Economy. Educate! Argentina, Brazil, China, De-dollarization, Finance and the Economy, IMF, Latin America, Neocolonialism, US Dollar

The South American nation sometimes suffers from a current account deficit, and relies heavily on imports of oil, technology, and medical equipment. Low revenue from its mostly agricultural exports means that Argentina faces a chronic shortage of foreign currency – and most of the dollars it gets end up flowing out of the country to paying interest on the unsustainable external debt, draining the country’s foreign-exchange reserves and making it difficult to stabilize the national currency, the peso. National elections are approaching in October, and among the presidential hopefuls is far-right politician Javier Milei.

Whatever Happened To That Plane?

May 18, 2023 Teri Mattson, WtF is Going on in Latin America and the Caribbean. Podcast – WTF is Going on in Latin America & the Caribbean Argentina, Department of Justice, US Sanctions, Venezuela

On May 3, 2023, the Argentinian press reported a US prosecutor requested the US Justice Department to order the definitive execution of the seizure order of Emtrasur's Boeing 747-300. The plane arrived in Argentina in June 2022 in what was supposedly a routine cargo flight. Nonetheless, the airplane, its cargo and its crew raised the alarms across Argentina, and it was seized by local authorities. Shortly after, US authorities got involved claiming the sale of the aircraft by the Iranian state carrier Mahan Air to Venezuela's Conviasa was a clear violation of the US Export Control Laws. Almost a year has passed; the crew has been released, but the plane remains grounded in Buenos Aires.

Argentina: Mass Demonstration Against Government Over IMF

April 22, 2023 Resumen English. Resist! Argentina, IMF, Mass Action, Unions, Worker Rights

Tens of thousands of piqueteros and piqueteras marched carrying torches this Wednesday from the Pueyrredón Bridge to Plaza de Mayo to repudiate the adjustment of the International Monetary Fund and above all to dedicate a chapter of their protest to the Government of Alberto Fernández and especially to the Minister of Social Development Victoria Tolosa Paz. The measure of struggle rejects the adjustment in the social area by the government of Alberto Fernández and demands genuine work, the opening of the Potenciar Trabajo program for those who need it and the integral assistance to the dining rooms, among other demands.

Argentina Celebrates 40 Years Of Democracy And Human Rights

March 30, 2023 Teri Mattson, WtF is Going on in Latin America and the Caribbean. Podcast – WTF is Going on in Latin America & the Caribbean Argentina, Democracy, Human Rights, US coup

Last week, Argentina celebrated 40 years of democracy and human rights by hosting the Third World Forum of Human Rights (March 20-24) scheduled in tandem with its National Day of Remembrance for Truth & Justice. The Forum closed with a march and rally on March 24 which marked 47 years since the US-backed military coup that overthrew the democratically elected government on March 24, 1976, and installed the bloodiest dictatorship in the history of #Argentina remained in power until 1983.

Reasons For An Argentina-Brazil Currency Union

February 14, 2023 Barbara Fritz, Consortium News. Create! Argentina, Brazil, Currency, Global Economy

Even before German Chancellor Olaf Scholz met newly re-elected President Lula da Silva in Brasília last week, the latter had visited neighbouring Argentina, where he floated the idea of creating a common currency union for the two countries. The international response? Shaking heads. “It’s a terrible idea,” tweeted Paul Krugman, Nobel laureate in economics. In the German weekly Die Zeit, Thomas Fischermann wrote about a “dream money of the South.” So, was the announcement of a common currency for southern Latin America just talk? A monetary union of all of Latin America would cover 5 percent of global gross domestic product (GDP) – in comparison with the euro’s 14 percent, estimates the Financial Times.

Latin America Refuses To Send Ukraine Weapons, Despite Western Pressure

January 30, 2023 Ben Norton, Geopolitical Economy Report. Resistance Report Argentina, Brazil, Colombia, Latin America, Russia, Ukraine, Wars and Militarism, weapons

Brazil, Argentina, and Colombia have refused to send weapons to Ukraine, despite pressure by the US and EU. Latin American left-wing leaders have urged peace with Russia and called for neutrality in the West’s new cold war. Brazil, Argentina, and Colombia have rejected requests by the United States and European Union that they send weapons to Ukraine. The commander of the US military’s Southern Command (Southcom), which operates in Latin America and the Caribbean, revealed on January 19 that Washington has been pressuring countries in the region to arm Ukraine. Southcom wants Latin American nations to “replace [their] Russian equipment with United States equipment – if those countries want to donate it to Ukraine”, said Army General Laura J. Richardson.

SOUTHCOM Chief Aims To Increase Imperialist Plunder Of Latin America

January 27, 2023 Luigi Morris, Left Voice. Educate! Argentina, Bolivia, Chile, Latin America, U.S. Imperialism

Laura Richardson, the Chief of the U.S. Southern Command, which oversees military operations in Central America, South America, and the Caribbean, spoke about the importance of Latin America’s resources for U.S. foreign policy in an interview with the U.S. think tank Atlantic Council. “Why is this region important?” Richardson asked. “With all its rich resources and rare earth elements, there is the lithium triangle, which today is necessary for technology. Sixty percent of the world’s lithium is found in the lithium triangle: Argentina, Bolivia, Chile.” She also pointed out that “the largest oil reserves, including light and sweet crude, [were] discovered off Guyana more than a year ago.” The general also mentioned Venezuela’s rich oil, copper, and gold resources. She highlighted the importance of the Amazon as “the lungs of the world,” and added that “we have 31 percent of the world’s fresh water in this region.”

Brazil And Argentina To Advance South American Currency

January 23, 2023 Kawsachun News. Educate! Alternative Currency, Argentina, Brazil, Global Economy

Alberto Fernandez and Luiz Inacio Lula da Silva are preparing to relaunch the strategic alliance between Argentina and Brazil this week in Buenos Aires. The two will meet for the first presidential meeting between Brazil and Argentina in more than three years. Immediately after, the VII Summit of CELAC will take place in the same city. The forum that brings together the 33 countries of the Latin American and Caribbean region and which, since last year, has been under the presidency of Argentina. The event will mark the return of Brazil to this mechanism of dialogue and regional consultation. According to a statement published by the two presidents, there are multiple areas in which the two countries will work together to improve the quality of life of their citizens; “such as the fight against hunger and poverty, health, education, sustainable development, climate change and the reduction of all forms of inequalities.”

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