P. Edronkin

Argentina, the case for Neo-Communism? (XV).



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Going back to our austral example, a debt-to-GDP ratio of 55% means that even if Argentina could use all the money the country gets during a period of time, and not use it for security, education, etc. the task would take them six months and a half.

If Japan, with all its commercial might, will be paying its debts - using the same system - for more than sixteen months, so the problem is not money, and it is not even debt. The problem is everything else: the mentality surrounding this system which extended a good idea to all realms of life, and transformed it into something unnatural, according to common sense.

The difference between Argentina and Japan is that the first country has less credibility. It really boils down to that. Then, we have to think a little more about what credibility is, for it seems that like a magic word, it can turn destiny.

Believing that being in debt is akin to being poor is stupid, for it does not solve the problem. Poverty is not really the problem, for it can be fought, and while loans may be good under some circumstances, the system is currently being abused at all levels and as we accept the reality which we are presented with, we don't stop to think that it is savings, and not loans, what built nations in the past.

The problem with international loans and institutions like the International Monetary Fund is that they are too tightly related to politics, and politicians are not exactly - in most cases - our archetypes of social conduct.




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