[jpatokal]

"Argentina is becoming the new Venezuela": formerly prosperous country adopts ridiculous economic policies (key industries nationalized and handed over as private fiefs to incompetent cronies, exchange rate controls, price caps), sees economy go down the toilet and inflation rocket out of control

"Venezuela clearly is becoming the new Cuba": Not content merely with wrecking the economy, leadership squashes all opposition and turns country into a straight-up dictatorship (of the proletariat!)

Fortunately both statements are hyperbolic, as both countries have just held reasonably fair elections where the electorates decided to kick the bums out, but there are still choppy waters ahead...

[aesoprock]

Argentina cannot into economic prosperity since 1700s

[saint_fiasco]

Weren't they prosperous for a while after World War I?

[mahouse]

They were prosperous when they had surges of incoming white immigrants from Europe, yes.

[saint_fiasco]

It was more about them selling food to war-thorn countries. Even Paraguay had a budget surplus after WWI for similar reasons, and they didn't get many white immigrants.