Modal close

Dear Democracy Now! visitor,

You turn to Democracy Now! for ad-free news you can trust. Maybe you come for our daily headlines. Maybe you come for in-depth stories that expose corporate and government abuses of power. Democracy Now! brings you crucial reporting like our coverage from the front lines of the standoff at Standing Rock or news about the movements fighting for peace, racial and economic justice, immigrant rights and LGBTQ equality. We produce our daily news hour at a fraction of the budget of a commercial news operation—all without ads, government funding or corporate sponsorship. How is this possible? Only with your support. If every visitor to this site in December gave just $10 we could cover our basic operating costs for 2017. Pretty exciting, right? So, if you've been waiting to make your contribution to Democracy Now!, today is your day. It takes just a couple of minutes to make sure that Democracy Now! is there for you and everybody else in 2017.

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Topics

Massive Protests Rack Argentina, Once the Darling of the International Monetary Fund

StoryMarch 12, 2002
Watch iconWatch Full Show

Massive protests have exploded across Argentina since December in worker assemblies, worker pickets and strikes, andmass street demonstrations across the country. In the course of two weeks, the country saw five different presidents.Argentina is a country in crisis.

Banks in Argentina were once considered to be among Latin America’s strongest and most trusted, especially assubsidiaries of foreign giants such Citibank built themselves into the nation’s leading financial institutions. Buttoday, Argentines view them as among the worst places to stash their cash.

The Argentine financial system is in deep trouble after four years of recession that led to a massive government debtdefault and the devaluation of the peso in January. Once the darling of the International Monetary Fund, Argentina isin an economic and political crisis that world financial institutions are at a loss to explain. Argentina hasfollowed IMF policies of privatization and trade liberalization to the letter, but in the last two months prices milkand flour have risen as much as 50%. As the Argentine government continues to negotiate with the IMF for a bailout,the people of Argentina— whose protests caused the resignation of the government in December—are calling for morefundamental change.

Today we will look at Argentina’s economy and also at a movement that has sprung up to document the nationwideprotests in Argentina: the Independent Media Center movement. The IMC first opened in Argentina last February and itexploded in December as protests racked the country.

Tape:

  • A piece on Argentina’s economic crisis, produced by Rick Rowley and Jacquie Soohen and narrated by JacquieSoohen.

Guests:

  • Alan Cibils, economist in Buenos Aires and an expert on Argentina’s economic crisis.
  • Ana Nougeira, New York City Independent Media Center. She has just returned from working with theArgentinean IMC.

Related link:


The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.

Make a donation