At one stage, Argentina was one of the wealthiest countries in the world; now the nation is struggling to get its house in order. What happened? The answer is rather simple: populism is a short-term remedy with very long-term and painful consequences. This video explains how a buoyant country can end up collapsing for endless decades and how populist governments and policies make it impossible to end its agony, thereby prolonging and worsening the economic catastrophe.
More Videos Worth Watching: