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Argentina: Hope in Hard Times

By Jim Carey

In the 1980s, Argentina was hailed as the wealthiest country and Buenos Aires was acclaimed as the Paris of South America. President Carlos Mennen, elected in the early ‘90s, instituted policies of privatization and deregulation, borrowing heavily from outside the country. The fixed exchange rate and high external debt—among other factors—eventually led Argentina to its 2001 economic collapse and its subsequent default, which plunged much of the country into poverty.

Occupy San Miguel presents Argentina: Hope in Hard Times
Mon, Aug 18, 1pm
TV Room
Quinta Loreto Hotel
Loreto 15

Today, we read about another Argentinian default in the making. Many in the global south resent the International Monetary Fund and the World Bank for their driven economic policies that favor corporate gain—pushing politicians away from making decisions that put people first. They know that governments that default on their debt tend to have trouble borrowing on the international market. The longer this new default drags on, the harder it will be for Argentina to get renewed access to the world’s capital markets. They also notice that these economic collapses seem to be increasing in today’s capitalist markets. It will be interesting to see how the new BRICS world bank will deal with these crises.

Argentina: Hope in Hard Times explores the economic depression in Argentina that began in 2001. It had been a poster child for corporate globalization before its economy collapsed. Unemployment reached 40 percent, and people who were middle class learned how it felt to be powerless, hungry, and poor. The country’s entire political system was discredited, and Argentina went through a dizzying changeover of four presidents in less than one month. With times so hard, people might have turned on each other in fear and desperation, but instead they turned toward each other in mutual support.

On Monday, August 18, at 1pm, Occupy San Miguel will present Argentina: Hope in Hard Times. The film explores Argentina’s economic depression that began in 2001.This will be the first in a trilogy of films on Argentina.

The following Monday, August 25, Occupy San Miguel will view Avi Lewis and Naomi Klein’s film The Take, a film which complements Argentina: Hope in Hard Times.  On Monday, September 1, we will conclude with Melissa Young and Mark Dworkin’s film  Argentina: Turning Around. The film is 74 minutes. There is no charge and a discussion will follow.

Film, Occupy San Miguel presents Argentina: Hope in Hard Times, Monday, August 18, 1pm, TV Room, Quinta Loreto Hotel, Loreto 15.


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