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by vaneck
5149 days ago
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An Argentinian here. I honestly believe the current government is, in many ways, the best this country has had for the past 30 years (at least), even taking into account its many and very real shortcomings (the mangling of official statistics and the outrageous restrictions on foreign currency ranking very high among them). I am obviously partial in the matter, but I also believe Argentina still has much going for it. The upper education system in particular remains very good in most places and is completely free. I attend the University of Buenos Aires and can attest to this, even though I'm by no means a top student. The resources aren't abundant, but the quality of the education itself is excellent. Lastly, the government is forcefully buying the oil company that used to be state-owned until the early 90s neoliberal selling spree happened. It's not like it's arbitrarily taking companies by force. I think there's some kind of consensus in economics about oil being a strategic resource, so I'm not sure it's fair to extrapolate from this one data point. |
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They took over the majority of the shares by force. Buying something is when you voluntarily agree on a transaction. When the government cuts off the communication to the head quarters as the nationalization is announced and then go with armed guards to escort the Spanish bosses out of the building. That is what's called "an offer you can't refuse".