Showing posts with label Peru. Show all posts
Showing posts with label Peru. Show all posts

Wednesday, 16 August 2023

Argentina: Tri-partite approach to politics

 Argentina: the two party system comes to an end?

For decades, Argentina has been about Peronistas (Justicialistas) and Radicales, not that the names actually represent what both Justicialistas and Radicales used to represent. Argentina has gone from crisis to crisis, from military regimes to military regimes, from debt to even bigger debt and now faces inflation rates of more than 115 percent with massive levels poverty.

A newcomer in Argentine politics manage to reach levels of support of 30% leaving both Justicialistas and Radicales behind. In October 2023, Argentina faces the first round of elections and there could be a second round of elections (ballotage) if no candidate reaches the minimum required for an outright result.

Many years ago, Argentina attempted to maintain the value of the Peso pegged to the US Dollar, something that ended in tears as it was practically impossible to maintain parity without massive levels of indebtedness leading to default. The newcomer proposes to replace the Peso altogether to adopt the US Dollar as currency. Why? Because he says that it will be the ultimate weapon to get rid of inflation.

If Argentina adopts the US Dollar as national currency, what happens to Mercosur? The regional block has been under enormous economic and political pressures because of both internal and external issues. Just by mentioning the names of the countries that are members of Mercosur one realizes what a complex situation this is.

MERCOSUR countries:

Full Members: Argentina, Brazil, Paraguay, and Uruguay

Associate Members: Bolivia, Chile, Colombia, Ecuador, Guyana, Peru, and Suriname

Venezuela was supposed to be full member, but has been suspended indefinitely

Trade with China has been a bone of contention. Uruguay that exports 56% of what it produces to China even threatened that if an agreement was not reached its membership of Mercosur could come to an end.

At one point, it was suggested that that Mercosur should have its own currency to challenge the US Dollar. So what happens when a major member and founding member of Mercosur playes with the idea of replacing its own national currency with the US Dollar?

If the issues concerning China would not break up Mercosur, such a currency change could certainly be the last drop.

Therefore, for Mercosur, who holds the rains of power in Argentina could be a make or break situation for the entire block.










Sunday, 6 November 2022

Migrants come to the UK because life in the UK is harder?

The usual culprits keep talking about the EU and calling it Paradise. Do you know why migrants keep flocking into the UK? Because UK compared to many, if not to all, other European countries has the highest living standards including its Welfare State.

Just two days ago talking to Peruvians that lived in Italy and decided to leave Italy because.... because Italy does not have the welfare standards that Britain has and on top of that criminality is spreading.


Compared to most countries in the world, Britain has the highest living standards and whoever talks about relocating to other countries when they retire do so thinking that they will still have a UK income to support their lifestyles abroad and not because income levels abroad are higher. 

The entire set of left-wing arguments is a travesti and plagued with contradictions and fundamentally based on ignorance and lack of proper thinking. They complain about inequality in Britain because they are not thinking about so called inequality overseas. They don't have a clue about factual realities.

Life is harder and there is the issue of numbers. In the 1930s, who many people inhabited the planet? In 2022, how many people inhabit the planet? Pollution? Contamination? Of course, there is going to be more pollution and more contamination as world populations grow and grow and grow. When people run out of space in urban areas then other areas within countries become urban areas. In many countries, wild animals with nowhere else to go start coming into populated areas. As we destroy their habits, our habitats become their habitats. Don't you wonder why so many sea birds have become the new pidgeons in British cities? Their eating habits are changing as fish stocks in the seas are reduced or non existing. They were hunters in the wildness and now they have become city scavengers.