In fact, the history of the last twenty years the Argentine is an instructive example that dispels

The choices of the government of Argentina on the management of sovereign debt have been the subject of controversy between the two poles of the bourgeois political system, government and SYRIZA. This is not the first time. The SW uses the real problems of the people of Argentina as proof that the only realistic sea glass wreath policy is that of bowing to the law of the strongest, the choices of the monopoly sea glass wreath groups. SYRIZA emerges as a great battle sea glass wreath for the people in the bazaar today's urban Kirchner government to 'predators' investment funds, which once bought some very cheap Argentine government bonds seeking redeemed at their nominal value, to ensure, together with interest gain of 1,600%!
This disorienting confrontation extends throughout the past fifteen years. The government argues confrontational with unilateral moratorium the government of Argentina sea glass wreath in 2001, its own "prudent" policy, which ultimately ensured the people the "paradise" of modern Greece. SYRIZA, on the occasion of his trip to Al. Tsipra in Argentina, presented the Government policy Kirchner (after sea glass wreath the default of 2001) as the alternative pro-people 'inclusive growth'. According to the narrative strains SYRIZA, Argentina secured a significant redistribution of income, a development for all. The "Dawn" was supported by a series of articles that, in contrast to Merkel, the Peronist party Kirchner ensure "development-oriented man."
In fact, the history of the last twenty years the Argentine is an instructive example that dispels any illusion about the possibility of populist governance in the context of the capitalist path of development.
Throughout the period under examination, Argentina did not get out of hand the capitalist path of development and of course the working class ever had the hands of power. Significant domestic and foreign monopoly sea glass wreath groups control all dynamic sectors of the Argentine economy, such as the steel industry, the auto industry or particularly significant for Argentina in the food processing sea glass wreath industry.
Before the crisis of capital accumulation, which occurred in 2001, applied the liberal prescription of Domingo Cavallo, which "lock" the rate of the national currency peso to the dollar, accelerated privatization, and took measures to limit inflation.
The policy could not physically prevent recurrent manifestation of capitalist crisis, accompanied by swelling of sovereign debt, which reached 165% of GDP in 2002 unemployment topped 19%, then the absolute poverty of a large part of the people took off and applied the partial ban access to deposits.
The rest is known. Argentina defaulted on payments in 2001 for the sovereign debt of 100 billion. Dollar devalued its currency and then proceeded in two debt restructurings in 2005 and 2010, with important agreements. Urban governments finally agreed to pay the people much of the government debt that is not responsible, nor benefited from the creation.
Argentina recognized and repaid its debt to the IMF in 2006 agreed in 2014 to pay off its debts to the "Paris Club" (essentially an informal organization of countries - creditors for collective negotiations with countries that can not repay their debts). He agreed with 93% of private creditors to repay its debts after "haircut" requirements. It has indeed been paid 539 million. Dollars to pay off their American bank Bank of New York Mellon.
Nowhere also took measures not to affect the profitability of the monopoly groups. Unlike the new significant sea glass wreath rise in inflation, increased the gap between increasing productivity and real wage. Increased the degree of exploitation sea glass wreath of the working class in industries such as steel, dominated groups Tenaris , Ternium ( Siderar ), in the automotive industry, where factories have created a series of monopoly groups ( Peugeuot - Citroen , Renault , Ford , Fiat , Mercedes ) or the food industry, where the group operates Arcor , one of the biggest clubs in the capital value of the country, sea glass wreath or group Molinos Rio de la Plata , the largest exporter of flour.
In the period after the 2001 bankruptcy of improved export performance, utilizing the devaluation of the peso and the significant increase in demand for soybeans from China. Of course, all these did not prevent the new onset of recession in the capitalist economic