Argentina Impoverishes Itself Again -- A Commentary

From The Wall Street Journal:
Our subject today is not Barack Obama's "change" plan to "share the wealth." But readers who want to know what happens to a nation that legalizes plunder -- as the 19th century French economist termed the taking of private property for socialist ends -- will want to pay attention just the same.

Argentina is a constitutional republic with many historical similarities to the U.S. It has a rich immigrant heritage
Argentina is a constitutional republic with many historical similarities to the U.S. It has a rich immigrant heritage and an abundance of natural resources. But the U.S. is a rich, advanced country and Argentina is poor.

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