Argentina Mess

The story of Argentina and how it slid from developed to developing is a sobering lesson in how to go from wealth to poverty. The US needs to pay attention, and New Zealand too for that matter: if you skip to the end, you'll find that where economic and political systems are controlled by powerful and exclusive elites, no matter what model is used - protectionist or free trade - failure will follow. Countries must have political and economic systems which allow a changing of the guard, people with new ideas and methods, leading to a redistribution of wealth.