P. Edronkin

Argentina, the case for Neo-Communism? (IV).

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Clearly, while loans are a good idea, basically, it is dumb to pretend to construct a society assuming that persons are equal to corporations, behave similarly, and thus, can be treated as entities of the same sort.

Furthermore: companies and individuals may be pressed to pay for their debts, but what about countries? Latin American nations, for example, have been always known for their debts. Consider what happened to Argentina in 2001: the country which in 1950 had the seventh GDP in the planet went, literally, bankrupt.

What do you do with that? Invade the country? Impossible. Argentina is nearly as big as Western Europe, not counting its territorial seas and the colonies in Antarctica. There have been some attempts to invade Argentina during the nineteenth century: all failed.

Declare it bankrupt? So what? How do you think that the countries' assets could be controlled? Who's going to take over the government?

Impose sanctions? The lousy politicians that actually incurred into that debt will not suffer it. Only common people will pay the consequences, and in the long run this will make matters even worse for you will have them resented and willing to get even at the local politicians as well as those who impose those sanctions.

At some point, and at the same time, by equalling common citizens with their rulers and defining them as legitimate targets of retaliation, you will also become the 'legitimate target' for someone else, even if he is like Mr. Ben Laden. It would not be a good precedent.

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