Argentina During And After Videla's Regime

2347 words - 10 pages


Economically speaking, Argentina was at the verge of collapse despite its initial strong stability seen at the beginning of Videla’s regime. Argentina adapted a neo-liberal economic system; in addition their initial policies of liberating trade and eliminating price controls were just some policies that would create huge economic problems for Argentina at the time. In order to make up for liberating domestic trade and eliminating price controls control had to be implemented to ensure that the regime had full control of the economic situation which was at stake as a result of the adoption of these polices. Wages in Argentina were lowered which resulted in “real wage well below historical levels” (Nogues). Although this was successful in reducing inflation at first this in time also cause inflation to rise relatively high. As a result of this high inflation that occurred as a result of this police, he Argentinian regime entered a panic and implemented other policies to try to amend this problem, policies that resulted contradictory since these polices hindered the success of one another. The reintroduction of price and exchange controls along with the already implemented wage controls all lead up to “inconsistent policy behavior” (Nogues).The inconsistencies in economic policies lead the Central Bank to classify “perceived capital inflows as being inflationary, and financial controls to be ineffective” (Nogues).
Immediately after Argentina’s military regime was over the newly reinstated democratic government kept its neoliberal economic system and was praised for doing so. Many organizations claimed that Argentina would be the country that would lead other Latin American countries into the future through its use of neoliberal polices. However, government officials, like Videla, were only interested money and maintaining their power that the country soon became corrupt. Economic policies… cut spending on public services…. loans were poured into the country and went straight into the pockets of top government officials.” (La Verdad). Not only were these corrupt government officials being aided by the policies that Videla left behind but they were also severely affecting the country’s economic system to the point of the people rising up in rebellion. “The workers, the poor and even … the middle class rose in rebellion against the neoliberal policies they suffered under” (La Verdad). These policies were clearly not benefiting the people through the country’s misuse of the loans they were provided with to stabilize their economy in addition to the cuts in services that the government was supposed to provided there people with. The country’s economic situation escaladed to a point where the country went t bankrupt several times, “the country was bankrupt” (la Verdad).
Videla’s regime also had an impact on the social aspects of Argentina. It was under his military regime that the dirty war started, a war which “imposed incredible levels of state...

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