----- Original Message ----- From: "Seth Ackerman" <sia at nyc.rr.com> To: <lbo-talk at lists.panix.com> Sent: Thursday, December 20, 2001 6:08 PM Subject: Re: Revolution in Argentina
> > Argentine President Quits After Deadly Riots
> > By Stephen Brown
>
> We're reading sentences like "the president fled the presidential
palace in
> a helicopter" in connection with a country that is more integrated
into
> global capital markets than any other emerging market. This is
significant,
> no?
>
> What follows is a conspiracy theory that I don't necessarily
believe. How
> farfetched is it? The Bush administration leaned on the IMF to cut
off
> Argentina in the hope that this would lead to De la Rua's fall from
power.
> Then they made a secret deal with the Peronists that upon taking
power they
> would dollarize. In exchange, Washington would support them with
bilateral
> aid. Hence the Peronists recent refusal to join in a coalition
government.
> The payoff for Washington: Argentine dollarization nixes Mercosur
and puts
> Argentia firmly behind the FTAA.
>
> Is this crazy?
>
> Seth
===
There's *no* consensus that dollarization will help. The big question is how quickly skepticism regarding neoliberal-ism will force new models into the public dialogue in LA and spread from Argentina..........
Ian