“There are countries which are rich and countries which are poor. And there are poor countries which are growing rich. And then there is Argentina.”
This saying, attributed to the 2010 Nobel Laureate for Literature, Peru’s Mario Vargas Llosa, is perhaps the pithiest description of what many regard as the twentieth century textbook-case of economic decay. Fifteen years into the twenty-first century and in the run-up to national elections in October, there’s no indication that Argentina will change course anytime soon. That’s partly because the Argentine economy’s seemingly intractable problems mirror deep-set political and cultural dysfunctionalities that most of the nation’s elites—and, it should be said, many ordinary Argentines—have little interest in addressing.