- Created: Thursday, 06 June 2019 11:10
- Written by Alvaro Michaels
Argentinian capitalism is in a profound crisis, with a large balance of payments deficit, 55% inflation, 62% borrowing rates and an unpayable state debt. The employment rate, the number of people who have a job as a percentage of the working age population, is 42.50%, lower than South Africa (43.1%) or Brazil (54.7%). About a third of Argentina’s 43 million people live below the poverty line, downtrodden, cheated and robbed. Nearly 8% of the population, 3.4 million Argentinians, limit themselves to one meal a day, while farm products make up a huge 64% of Argentina’s exported goods. Alvaro Michaels reports.