Rampant inflation, a booming black market for US dollars and crippling debt - welcome to Argentina, one of the world's most dysfunctional economies. How did it end up like this?
00:00 - Argentina’s economy is in crisis
01:21 - What is happening now?
04:16 - Why is this happening?
05:52 - Overspending
07:00 - Printing money
08:03 - Borrowing money
08:51 - Trade controls
11:06 - What are the solutions?
Sign up to The Economist’s daily newsletter: https://econ.st/3QAawvI
Meet Javier Milei, the front-runner to be Argentina’s next president: https://econ.st/3L9zKkk
Javier Milei would be a danger for democracy in Argentina: https://econ.st/45F8Ys1
Argentina is pushing international lending to its breaking point: https://econ.st/3qKfDSN
Argentina could get its first libertarian president: https://econ.st/3L47T4K
Annual inflation of 114% is pushing Argentina to the right: https://econ.st/3sAJ1eM
Javier Milei, an Argentine libertarian, is rising in the polls: https://econ.st/3PsqASB
Listen: Argentina’s economic woes push voters to the populist right: https://econ.st/3PjV88E
,News,News & Politics,QG5WQJXB9vU,UC0p5jTq6Xx_DosDFxVXnWaQ, Politics,Society, channel_UC0p5jTq6Xx_DosDFxVXnWaQ, video_QG5WQJXB9vU,The country’s civil war never ended—it became a fragile stalemate that fell out of the news. A surprise rebel advance (https://www.economist.com/middle-east-and-africa/2024/11/30/syrian-rebels-sweep-into-aleppo-in-an-embarrassing-rout-for-bashar-al-assad?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) reveals how the war’s international players are busy facing their own challenges. Our correspondent found it so difficult to disappear from the internet that she gave up (https://www.economist.com/1843/2024/11/08/why-i-gave-up-trying-to-delete-myself-from-the-internet?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) (10:30). And who were the stockmarket winners (https://www.economist.com/graphic-detail/2024/11/22/which-shares-have-done-best-from-the-trump-trade?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) as “Trump trades” fired up again (16:54)?
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,News,News & Politics,YC-BK02LzKM,UC0p5jTq6Xx_DosDFxVXnWaQ, Politics,Society, channel_UC0p5jTq6Xx_DosDFxVXnWaQ, video_YC-BK02LzKM,In an interview with Javier Milei (https://www.economist.com/leaders/2024/11/28/javier-milei-my-contempt-for-the-state-is-infinite?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners), our correspondent probes how far the “anarcho-capitalist” president plans to push his promise to slash spending and reform the state. Can seaweed (https://www.economist.com/business/2024/11/28/could-seaweed-replace-plastic-packaging?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) and other fibrous packaging replace plastic (11:51)? And remembering Celeste Caeiro (https://www.economist.com/obituary/2024/11/28/celeste-caeiros-small-gesture-named-a-revolution?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners), who named the carnation revolution in Portugal in 1974 (18:20).
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,News,News & Politics,i5MIy_3vplE,UC0p5jTq6Xx_DosDFxVXnWaQ, Politics,Society, channel_UC0p5jTq6Xx_DosDFxVXnWaQ, video_i5MIy_3vplE,Donald Trump (https://www.economist.com/topics/united-states?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) had been facing a swathe of lawsuits this year. Now he has won a second term in office, the cases against him are falling away. Why wellness trends may be contributing to iodine deficiency (https://www.economist.com/science-and-technology/2024/11/06/as-wellness-trends-take-off-iodine-deficiency-makes-a-quiet-comeback?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) (8:02). And the secrets of elevator etiquette (https://www.economist.com/business/2024/11/21/how-to-behave-in-lifts-an-office-guide?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) (13:58).
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,News,News & Politics,dSvc6GCtC5o,UC0p5jTq6Xx_DosDFxVXnWaQ, Politics,Society, channel_UC0p5jTq6Xx_DosDFxVXnWaQ, video_dSvc6GCtC5o,America feared that letting Ukraine use US weapons (https://www.economist.com/topics/ukraine?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) to attack far-off targets in Russia would escalate the conflict. Why has President Joe Biden finally changed his mind? Markets soared (https://www.economist.com/leaders/2024/11/14/whats-about-to-hit-the-world-economy?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) when Donald Trump was elected, but the longer-term impact of Trumponomics may be less positive (9:42). And why airships are back (https://www.economist.com/science-and-technology/2024/10/30/airships-may-finally-prove-useful-for-transporting-cargo?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) in our skies (18:12).
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,1,Why are two old, unpopular men the main candidates for the world’s most demanding job? It’s the question John Prideaux, The Economist’s US editor, gets asked the most. And the answer lies in the peculiar politics of the baby boomers.
Since 1992, every American president bar one has been a white man born in the 1940s. That run looks likely to span 36 years - not far off the age of the median American. This cohort was born with aces in their pockets. Their parents defeated Nazism and won the cold war. They hit the jobs market at an unmatched period of wealth creation. They have benefitted from giant leaps in technology, and in racial and gender equality.
And yet, their last act in politics sees the two main parties accusing each other of wrecking American democracy. As the boomers near the end of their political journey, John Prideaux sets out to make sense of their inheritance and their legacy.
Launching July 2024.
To listen to the full series, subscribe to Economist Podcasts+: https://subscribenow.economist.com/podcasts-plus
If you’re already a subscriber to The Economist, you have full access to all our shows as part of your subscription. For more information about how to access Economist Podcasts+, please visit our FAQs page: https://myaccount.economist.com/s/article/What-is-Economist-Podcasts
Or watch our video explaining how to link your account: https://www.youtube.com/watch?v=Gczo71bg1uY
,1,Rampant inflation, a booming black market for US dollars and crippling debt - welcome to Argentina, one of the world's most dysfunctional economies. How did it end up like this?
00:00 - Argentina’s economy is in crisis
01:21 - What is happening now?
04:16 - Why is this happening?
05:52 - Overspending
07:00 - Printing money
08:03 - Borrowing money
08:51 - Trade controls
11:06 - What are the solutions?
Sign up to The Economist’s daily newsletter: https://econ.st/3QAawvI
Meet Javier Milei, the front-runner to be Argentina’s next president: https://econ.st/3L9zKkk
Javier Milei would be a danger for democracy in Argentina: https://econ.st/45F8Ys1
Argentina is pushing international lending to its breaking point: https://econ.st/3qKfDSN
Argentina could get its first libertarian president: https://econ.st/3L47T4K
Annual inflation of 114% is pushing Argentina to the right: https://econ.st/3sAJ1eM
Javier Milei, an Argentine libertarian, is rising in the polls: https://econ.st/3PsqASB
Listen: Argentina’s economic woes push voters to the populist right: https://econ.st/3PjV88E
