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ARGENTINA'S CRISIS.

AN ECONOMIC PROBLEM

There has been much political unrest in the Argentine Republic during the last two years, largely as a consequence of the Government's attitude toward the war, but it has been superficial rather than fundamental. There has been no evidence of a revolutionary feeling in the country. Its institutions per se are. satisfactory to the maBS of the people. This has come to be true of its neighbours also (says an American writer).

The present unrest in Argentina is economic. To the great body of the people the results of the war have been disappointing. This might not have been the case had the Republic declared itself unreservedly on the side of the. Allies. It did not take a positive position either way, and it had nothing, even of a sentimental nature, to exult over when the end came. There was nothing, in other words, to compensate for the economic losses suffered. The thoughtful people of the Republic saw where opportunities that would have made for future prestige in j world affairs had been frittered away. The mass of the people saw only that a great war had been lost and won, and that Argentina's part in it, no matter from what angle considered, was a negative quantity/ But intrinsically the Republic is sound. Mistakes, veritable blunders, have been made by those in power," but nothing that has been done is irretrievable. That the Republic is solvent is indicated by the fact that it is offering credits rather than seeking them. Its greatest need, at the prosent time, is an outlet for its accumulated products. With better shipping facilities and wider markets it would not take Argentina long to get on its feet. There is no question of resources; the one thing to be overcome is business stagnation. British capital is heavily invested in Argentine enterprise, and British investors in Argentina have been sufferers from the prevalent stagnation in the country, but they have not been alarmed as to the ultimate outcome. As soon as commerce begins to flow in its natural channels the products of Argentina will find ready markets, and the proceeds will make their way into Argentine industries and into the pockets of Argentine workers. Practically every South American Republic is in a position much like that of Argentina, industrially. With the signing of peace, the complete opening of the seas, and the liberations of capital, a revival of commerce will undoubtedly set in and the discontent that has 1 seemed - ominous" of-political-upheavals during the last few months, will very likely disappear' So far as may be seen, there are now no revolutionary tendencies south of Panama.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG19190514.2.8

Bibliographic details

ARGENTINA'S CRISIS., Ashburton Guardian, Volume XXXIX, Issue 9609, 14 May 1919

Word Count
444

ARGENTINA'S CRISIS. Ashburton Guardian, Volume XXXIX, Issue 9609, 14 May 1919

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