100 years ago there was a common saying, as rich as an Argentine, like we might say as rich as an oligarch today. Argentina's problems are entirely down to mismanagement and corruption.
"100 years ago there was a common saying, as rich as an Argentine, like we might say as rich as an oligarch today."
You can say the same today. The problem with Argentina is that while it got a GDP equal to Canada in last century, the money was never good distributed, like in Canada, Germany or France.
So just a couple of people will own more than half Texas(Argentina is big) while the rest of the population could only live as servants.
Today big latifundistas still own most of Argentina, and they buy the gobertment like in the past.