Argentina's Future: Malbec, Macri, And Moet Hennessy
Forbes
There is a cynical joke in Argentina that goes something like this: God gave Argentina vast acres of fertile land where crops grow and cattle graze and horses roam, and He gave Argentina oil and minerals to fuel their potential. If you look back at the country’s recent leadership history, you might find this joke more descriptive than funny: since World War II, with populist leader Juan Peron and his rock-star wife Evita, to military rule to fledgling democracy to the unpredictable Menin and then 12 years of the husband and wife economic voodoo of the Kircheners (which spawned the largest government default in history), Argentina has been subjected to corruption and almost continual isolation by inward-looking governments, missing out on most of the progress in the northern hemisphere. “The government statistics were totally off base, they insulted people’s intelligence. Today this is changing as two forces in Argentina have coincided: the rise of the wine-based hospitality sector – creating international attention and business – and the election as President in 2015 of businessman and popular football team owner Mauricio Macri – son of a successful immigrant Italian industrialist. ...
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