Quotulatiousness

October 9, 2018

The Falklands – MiniWars #1

Filed under: Americas, Britain, History, Military — Tags: , , , , — Nicholas @ 02:00

OverSimplified
Published on 22 Oct 2017

“HEY OVERSIMPLIFIED, WHERE’S WW2?!”
Don’t worry, WW2 is still coming! Here’s a little something in the meantime!

If you would like to see more OverSimplified on a more regular basis, please consider supporting me on Patreon (Patreon rewards coming soon):
https://www.patreon.com/OverSimple

September 8, 2018

British tabloids try to stir up trouble with Argentina … again

Filed under: Americas, Britain, Media, Military — Tags: , , , — Nicholas @ 05:00

Sir Humphrey tries to talk the tabloid press in off the ledge over some terrible reporting from the Falkland Islands:

River Class Patrol Vessel HMS Clyde is pictured exercising at sea. HMS Clyde patrols the territorial seas and monitors the airspace around the Falkland Islands whilst conducting routine visits and reassurance to the many small settlements found throughout the islands.
Photo via Wikimedia Commons.

This week it was revealed that an Argentine survey vessel had been reported near the Falkland Islands, and that the local patrol ship HMS Clyde had reportedly been sent to investigate. This simple story led to a barrage of negative news suggesting that the RN had ‘confronted’ the vessel which was apparently looking for oil.

One of the greatest success stories in the last few years for British foreign policy has been the way a formerly tense and difficult relationship with Argentina has so rapidly been reset to become a genuinely productive one. Under the Kirchner regime, which used foreign policy gripes as a means of distracting attention from domestic woes, the relationship between Argentina and the UK was far less productive and strong than it could, or should, have been.

[…]

It is therefore immensely depressing to see some utter rubbish being spouted in the newspapers about what may or may not have happened off the Falkland Islands. The reality is far more simple than is being reported – the vessel in question was a scientific research ship conducting operations near the Burwood bank. Extremely bad weather forced a course change, which brought the vessel closer than planned to the Falkland Islands. (Full source can be found HERE).

The UK and Argentina operate a sensible arrangement to notify each other of movements in certain areas to reduce concerns and maintain effective communications. This agreement means that both nations provide 48hrs notice when a naval vessel will be within 15nm of the others coast line (noting territorial waters usually extend out to 12nm). Usually vessel movements and operational plans are known well in advance, and it is possible to communicate this in a timely fashion. Sometimes though, this doesn’t always go to plan – for instance when a vessel is changing course unexpectedly due to the weather.

On this occasion, it appears to have been the case that the Argentine authorities notified the UK of the vessels course and presence as soon as they were aware of its situation. The vessel herself is not one that is normally covered by these notification arrangements anyway (being a civilian research vessel).

What may have happened is that the UK may have identified an unknown vessel in the local area that they were not expecting to see (noting these waters are reasonably quiet) and began the process of sending HMS Clyde to investigate. As soon as it was clear that in fact this was an entirely legitimate presence, she returned to her normal duties. It is not even clear that HMS Clyde sailed, let alone went close to the Argentine vessel. As the Argentines themselves made clear, no overflight or challenge was made, and normal business continued as the weather improved.

November 19, 2017

Missing Argentine submarine may have been located (Updated)

Filed under: Americas, Military — Tags: , — Nicholas @ 10:35

The BBC is reporting some hope for the 44 crew members of the Argentine Navy submarine ARA San Juan, which went missing on a routine mission this week:

ARA San Juan in an undated photo at her base in Mar del Plata
Photo via Wikimedia.

Signals have been detected that are thought to have come from an Argentine submarine that went missing with 44 crew on board, officials say.

The defence ministry is now trying to trace the location of the seven failed satellite calls received on Saturday.

[…]

The ARA San Juan was returning from a routine mission to Ushuaia, near the southern-most tip of South America, to its base at Mar del Plata, south of Buenos Aires.

Its last contact with the navy command was on Wednesday morning.

An Argentine destroyer and two corvettes are conducting a search around the area of the sub’s last known position off the south-eastern Valdez peninsula.

But so far there are no clues about its whereabouts.

It is thought that the submarine may have had communication difficulties caused by a power cut.

Navy protocol dictates that a vessel should come to the surface if communication has been lost.

Update, 31 January 2018: Earlier this month, CDR Salamander shared a graphic summarizing the US Office of Naval Intelligence acoustic detection analysis of the ARA San Juan:

[Click to see full size image]

Update, 19 November, 2018: The New York Daily News reports that the remains of the ARA San Juan have definitely been located about 700 miles east of Puerto Madryn at a depth of over 2800 feet.

An Argentine submarine that vanished with 44 crew members aboard was found at the bottom of the South Atlantic Ocean a year and a day after it disappeared, authorities said.

The wreckage of the ARA San Juan was located 2,850 feet deep, and about 700 miles east of the city of Puerto Madryn.

“It appears to be complete, but it obviously imploded,” Argentine naval Capt. Gabriel Attis told reporters, CNN reported, adding the sub’s hull was “totally deformed, collapsed and imploded.”

The [220]-foot vessel vanished off the coast of Argentina on Nov. 15, 2017, as it traveled back to its base in the coastal city of Mar Del Plata.

October 5, 2017

Four Reasons Financial Intermediaries Fail

Filed under: Americas, Economics, Japan — Tags: , , , , , — Nicholas @ 02:00

Marginal Revolution University
Published on 26 Jul 2016

As we’ve discussed in previous videos, financial intermediaries bridge savers and borrowers. When these bridges crumble, the effects can be disastrous. For businesses, credit shortages can lead to bankruptcy, or layoffs. For individuals, they rely on credit to invest in education or a new home or car. These negative effects show you how crucial intermediaries are to our lives.

Still, what exactly causes failed intermediation? Four answers:

First, insecure property rights. Simply speaking, when you save money at a bank, you expect the ability to pull out your funds when needed. But what if your deposits are frozen? Or confiscated altogether? For instance, in 2013 amidst a financial crisis, the government in Cyprus confiscated bank deposits to help pay down the country’s budget shortfall. You can see how insecure property rights can scare away potential savers.

Second, controls on interest rates. Interest rates are the price of borrowing. Thus, controls on interest rates, often called usury laws, are effectively price ceilings—they set the interest rate lower than the market equilibrium interest rate. With this forced lowering of interest rates, borrowers will want to borrow more, but lenders won’t want to lend. The effect? A lending shortage.

Third, politicized lending. Banks profit by assessing risk, and then loaning, based on that assessment. Banks that excel at assessment succeed. Those poor at it die out. Problems arise when the government intervenes to prop up failing banks, resulting in what we call “zombie banks.” In such cases, intervention undercuts normal competition, and intervention tends to favor banks that are politically connected. In fact, it’s been shown that there’s an inverse correlation between government ownership in banks and a country’s GDP per capita and productivity growth.

Fourth, you have runs, panics, and scandals. Remember, trust is vital to the financial system. When trust erodes, depositors may rush to withdraw their money from banks, causing what is known as a “bank run.” This can cause banks to fail, as we saw during the Great Depression. Scandals can also depress market confidence. Enron, WorldCom and Bernie Madoff may come to mind.

So, which of these four factors contributed to the Great Recession of 2008?

We’ll discuss that in our next video.

September 10, 2017

Special Air Service (SAS) – The Falklands Campaign

Filed under: Americas, Britain, History, Military — Tags: , , — Nicholas @ 04:00

Published on 13 Jul 2016

Special Air Service (SAS) – The Falklands Conflict

When Argentina invaded the Falklands in April, 1982, Britain dispatched a large Naval Task Force to recapture the Falklands. Steaming south with the British fleet were D and G Squadron of the SAS, with supporting signals units.

September 7, 2017

Argentina expresses interest in laser death-beam-equipped USS Ponce

Filed under: Americas, Military, Technology, USA — Tags: , — Nicholas @ 03:00

Those sneaky Argentines, trying to grab some surplus seagoing laser switchblade technology:

The U.S. Navy Afloat Forward Staging Base (Interim) USS Ponce (AFSB(I)-15) conducts an operational demonstration of the Office of Naval Research (ONR)-sponsored Laser Weapon System (LaWS) while deployed to the Arabian Gulf.
Date. 16 November 2014 (via Wikimedia)

Argentina reportedly wants to buy the US Navy’s laser death ray testbed warship, the fearsomely named USS Ponce.

According to the Mail on Sunday, the Argentinians are interested in buying the 46-year-old former landing platform (dock) from the American Navy when she is decommissioned next year.

“Senior Pentagon sources have confirmed talks are ongoing with the Argentinians over a Landing Platform Dock vessel capable of launching 800 troops, six helicopters and 2,000 tons of equipment into a war zone,” reported the paper, contrasting this with the Royal Navy’s HMS Ocean, which is very similar to the Ponce’s original configuration.

As regular readers know, the mighty Ponce has spent the last few years blasting various targets into bits using a shiny new $40m laser cannon and the US Navy even deployed her to the Gulf a few years ago.

To North American readers: if you’re wondering why this reads a bit oddly even by ordinary Register standards, it’s because the word “ponce” in British usage is a bit, um, odd. It’s taken as read that the primary purpose of an Argentine-flagged Ponce would sooner or later be intended for use in “liberating” the Falkland Islands:

The Ponce would be far from the first former US warship acquired by Argentina. In 1951 the Second World War cruiser USS Phoenix, a veteran of the Pearl Harbour attack by Japan, was bought by Argentina. She was renamed ARA General Belgrano – and sunk by British nuclear submarine HMS Conqueror during the 1982 Falklands War. Doubtless the same fate would befall the Ponce if Argentina tried the same trick again.

August 9, 2017

The Falklands War – A War for Lost Glory I THE COLD WAR

Filed under: Americas, Britain, History, Military — Tags: , , , — Nicholas @ 02:00

Published on 1 Jul 2015

The Falklands War was based on an old colonial struggle between two former world powers. When the military Junta in Argentina decided to claim the Falkland Islands in the South Atlantic they didn’t reckon with Great Britain’s Iron Lady Margaret Thatcher. The British Prime Minister unleashed full scale invasion. The Royal Navy and the British Army landed and ultimately took the capital Port Stanley. The Argentine Army surrendered shortly after that.

August 2, 2017

Argentina vs United Kingdom: Falklands War 2017

Filed under: Americas, Britain, History, Military — Tags: , — Nicholas @ 02:00

Published on 9 Dec 2016

How would Argentina fare if it tried to take the Falklands again? Does UK have enough forces stationed there to defend itself? Watch the video and find out!

May 29, 2017

Falklands War – Argentine Perspective – An Inevitable Defeat? (Guerra de las Malvinas)

Filed under: Americas, Britain, History, Military — Tags: , , , , — Nicholas @ 02:00

Published on 12 Apr 2016

The Falklands War (Guerra de las Malvinas) in 1982 as seen by many as an inevitable defeat for Argentina, but taking a closer look at the preparations or better the lack of preparation on the Argentine side reveals that the British could have faced a far stronger opposition and might even had been defeated at least in their initial attacks. This video could also be seen as a how NOT to guide.

April 24, 2017

Growth Miracles and Growth Disasters

Filed under: Economics, Japan — Tags: , , , , — Nicholas @ 02:00

Published on 26 Jan 2016

In previous videos, you learned two things.

First, that there can be large disparities in economic wealth among different countries. And second, you learned that one key factor drives that disparity: growth rate. As we said, it changes everything. But just how transformative is a country’s growth rate?

Take Argentina, for example.

In 1950, the Argentine standard of living was similar to that of many Western European countries. Up until 1965, Argentina’s per capita income was ahead of many of its neighbors.

On the other hand, Japan in 1950 was on the other end of the spectrum. Japan had been ravaged by war and was only just beginning to find its economic footing again. At that time, Japan’s standard of living was roughly the same as that of Mexico.

It was quite poor, compared to the Argentina of the same era.

But look at what’s happened in the past 65 years.

Japan today is one of the world’s most prosperous countries. Since 1950, it has managed to double its living standards about every eight years. Argentina, on the other hand, has stagnated. Once, Argentina had double the standard of living of Japan. But Japan now doubles them today, with a standard of living 10 times higher than the one it had in 1950.

In economic terms, Japan is what we would call a growth miracle. It’s in the same class as other growth success stories, like South Korea and China which have experienced the “hockey stick” of prosperity. (India seems like it may have started on this path as well.)

These countries are proof of one thing: with the right factors, a poor country can not only grow, but it can do so quickly. It can catch up with developed countries at an astonishing rate.

What took the United States two centuries of steady growth can now be achieved by other countries in about one-fifth the time. Catch-up can happen in 40 years — about the span of a generation or two.

That’s the good news.

The bad news is, while growth can skyrocket in some countries, growth isn’t guaranteed at all.

Argentina is an example of this. It grew well for a time, and then it stalled. Even worse than Argentina, are countries like Niger, and Chad, which are the very worst of growth disasters. Not only are these countries in extreme poverty, but they also have little to no growth. More than that, these countries have never experienced substantial growth in the past.

But why does that all matter?

It matters because growth isn’t just about numbers. It’s not just about more goods and services. When a country grows, its citizens often end up with longer, healthier, and happier lives. Conversely, the countries that are growth disasters have citizens in poverty, with shorter and less happier lives.

As bleak as this seems, it’s the plain truth: while growth miracles are possible, growth disasters are, too.

Which leaves us with another question: what causes either state?

What leads to growth, prosperity, health, and happiness? And then, what leads to the opposite situation?

We’re excited to share the answer, but that’s a topic for future videos.

For now, check out this video to get up to speed on growth miracles and growth disasters.

March 17, 2017

Peronism, fascism, and socialism

Filed under: Americas, Politics — Tags: , , , , — Nicholas @ 05:00

David Warren is in fine form:

Peronism came to Argentina and never left. Not only have the Partido Justicialista and its avatars dominated Argentine electoral politics, through their various iconic husband-and-wife acts over the last seventy years, but they have contaminated the thinking of the whole country, which adhered to their arbitrary and contradictory doctrines even during the sixteen years they were banned, and adheres to the present day when once again they are nominally out of power. Actually it is a century, now, since Peron’s “Radical” predecessors first won election (dating from Hipólito Yrigoyen, 1916). Moral, intellectual, and material squalour is their chief legacy to a country which was once among the world’s most prosperous and most free. The spiritual equivalent has now migrated to Rome.

This, at least, is the impression I have formed from afar. “Justicialism,” so far as one can read, embodies every sort of rhetorical populism, across the political spectrum, but with a heavy and perfectly consistent bias towards centralized power. It stands for “social justice” — an absolutely imaginary and therefore unattainable ideal. It is on the side of labour and of management, it is Catholic and anti-Catholic, racist and anti-racist, isolationist and aggressive, leftist and rightist and dogmatically nationalist with all the contradictions nationalism entails. Yet it is not unique.

Socialism is leftwing Fascism; Fascism is rightwing Socialism. Other than that, they are the same. They vie for the same voters, and politicians may move comfortably back and forth between their symmetrical (i.e. identical) extremes. The principle underlying both is that the government should control everything, for the government’s idea of the common good. Whether the government technically owns everything is neither here nor there. Indeed, Socialism/Fascism works better, for the government, if private actors can be made to take the blame and the losses for all of the government’s goon-show mistakes. Any “excess” income on which they fall in their government-assigned monopolist stations can then be impounded.

October 12, 2015

Is the ballpoint pen the reason we all write so badly now?

Filed under: Books, Technology — Tags: , , , — Nicholas @ 04:00

In The Atlantic, Josh Giesbrecht postulates that our penmanship went south in parallel with the rise of the ballpoint pen:

Recently, Bic launched a campaign to “save handwriting.” Named “Fight for Your Write,” it includes a pledge to “encourage the act of handwriting” in the pledge-taker’s home and community, and emphasizes putting more of the company’s ballpoints into classrooms.

As a teacher, I couldn’t help but wonder how anyone could think there’s a shortage. I find ballpoint pens all over the place: on classroom floors, behind desks. Dozens of castaways collect in cups on every teacher’s desk. They’re so ubiquitous that the word “ballpoint” is rarely used; they’re just “pens.” But despite its popularity, the ballpoint pen is relatively new in the history of handwriting, and its influence on popular handwriting is more complicated than the Bic campaign would imply.

The creation story of the ballpoint pen tends to highlight a few key individuals, most notably the Hungarian journalist László Bíró, who is credited with inventing it. But as with most stories of individual genius, this take obscures a much longer history of iterative engineering and marketing successes. In fact, Bíró wasn’t the first to develop the idea: The ballpoint pen was originally patented in 1888 by an American leather tanner named John Loud, but his idea never went any further. Over the next few decades, dozens of other patents were issued for pens that used a ballpoint tip of some kind, but none of them made it to market.

These early pens failed not in their mechanical design, but in their choice of ink. The ink used in a fountain pen, the ballpoint’s predecessor, is thinner to facilitate better flow through the nib—but put that thinner ink inside a ballpoint pen, and you’ll end up with a leaky mess. Ink is where László Bíró, working with his chemist brother György, made the crucial changes: They experimented with thicker, quick-drying inks, starting with the ink used in newsprint presses. Eventually, they refined both the ink and the ball-tip design to create a pen that didn’t leak badly. (This was an era in which a pen could be a huge hit because it only leaked ink sometimes.)

The Bírós lived in a troubled time, however. The Hungarian author Gyoergy Moldova writes in his book Ballpoint about László’s flight from Europe to Argentina to avoid Nazi persecution. While his business deals in Europe were in disarray, he patented the design in Argentina in 1943 and began production. His big break came later that year, when the British Air Force, in search of a pen that would work at high altitudes, purchased 30,000 of them. Soon, patents were filed and sold to various companies in Europe and North America, and the ballpoint pen began to spread across the world.

October 7, 2015

Argentina’s colonial history

Filed under: Americas, History — Tags: , , — Nicholas @ 04:00

Ralph Peters on the history of Argentina during the colonial era:

In the 19th century in the Western hemisphere, two states fought a protracted series of wars to subdue their frontiers, the United States and Argentina. Others, such as Chile or Canada, saw lesser violence, but the great wars of conquest were directed from Washington and Buenos Aires.

And the Argentine conquest appears to have been the crueler.

Settlers in the Spanish territory that became Argentina faced Indian threats from the beginning, but as the population swelled and expanded its territorial claims, the violence grew more frequent and extreme, with Indian raids on settlers similar to those experienced on the American frontier. Finally, in 1833, Juan Manuel de Rosas — a man of great vision and spectacular brutality who would rule Argentina as dictator — launched his “Desert Campaign,” which pushed back the frontier to Patagonia. Still, Indian raids continued, on and off, as did minor punitive expeditions, until the 1870s saw the years-long campaign, the “Conquest of the Desert,” that finally mastered all of Patagonia — which would become Argentina’s agricultural heartland, facilitating a turn-of-the-century economic boom.

Those wars saw a long list of massacres, atrocities, forced removals and the treatment of Argentina’s aboriginal peoples as animals, rather than humans.

When the Pope told Americans not to judge the past by today’s standards, we thought of our “Trail of Tears,” or of the last, murderous drives to contain our Indians on bleak reservations. But the Pope saw mounted troops in Argentine uniforms hunting down natives like game animals.

September 29, 2015

Argentina’s side of the Falklands War

Filed under: Americas, Britain, History, Military — Tags: , , , — Nicholas @ 05:00

James Lockhart discusses some recent revelations from the Argentine government on their side of the 1982 Falklands War:

Earlier this month, the Argentine army declassified documents showing that some officers abused other officers and soldiers under their command and subjected them to excessively harsh disciplinary measures, including torture, during the Falklands War of April to June 1982. Reportedly, this included beatings and mock executions. One lieutenant described how “another officer tied his hands and legs to this [sic] back and left him face down on the wet sand of a cold Falklands beach for eight hours.” Though declassified, these documents remain in the army’s archives, requiring a trip to Buenos Aires for anyone who wishes to read them.

Argentine Lieutenant General Benjamín Rattenbach, however, presided over an inquiry just after the war. The Rattenbach report, which Argentina’s Servicio Privado de Información, an independent news agency, has made available online, presents the junta‘s history of the Anglo–Argentine dispute from 1833 to 1982. The report critically reviews the junta’s strategic and operational planning that preceded its decision to invade the Falklands (which Argentina refers to as Las Malvinas) in 1982, and summarizes the negotiations that occurred both before and after the war. It contains insights that help us understand what was going on and why it led to some Argentine officers’ and soldiers’ maltreatment.

[…]

The Rattenbach report criticized the junta‘s political decisions, its ad hoc operational planning, and its commanders’ multiple failures in execution. In short, it found that the Falklands campaign represented an ill-conceived, poorly planned, and terribly implemented military operation, especially in the area of logistics.

The junta‘s multiple errors in judgment began becoming apparent just before its invasion began. As the report notes, “On 1 April, late in the evening, [Secretary of State] General [Alexander] Haig told Ambassador [Esteban] Takacs in Washington that he was aware of the invasion that was taking place. He asked that the operation, which would place two powers friendly to the United States at war with each other, be stopped. He offered to mediate the dispute and he warned him that if war were unleashed, the Reagan administration could not remain neutral. It would necessarily side with Britain.” Reagan telephoned the junta‘s leader, General Leopoldo Galtieri, reiterating this message to no avail.

Thus the junta‘s errors in judgment included its failure to anticipate and plan for Washington’s granting British forces use of American-controlled airfields on Ascension Island. But the junta‘s errors in judgment went deeper than this. It believed that by occupying the islands, it would force Britain to negotiate, and that would be the end of the matter. It did not plan for a British military response. Indeed, it did not begin planning for one until the Royal Navy had already put to sea.

The Rattenbach report also concludes that “logistical operations did not unfold in an acceptable manner.” In fact, Rattenbach and his colleagues describe an unmitigated disaster. When they began their investigation, they soon discovered that it was “useless to seek any coherence” in the junta‘s logistical planning before it launched the invasion, and they could discern only improvised logistical operations afterward. They cite the 5th and 12th Infantry Regiments to illustrate what this meant on the ground. These units lacked vehicles and in many cases, ammunition. There was no internal transportation system to move the supplies they did have. This reduced their combat effectiveness by 40–50 percent before anyone had even fired a shot. “LOGISTICS CANNOT BE IMPROVISED,” Rattenbach aptly insists in all caps.

August 30, 2015

Argentina’s decaying armed forces

Filed under: Americas, Economics, History, Military — Tags: , , , , — Nicholas @ 02:00

Argentina is, once again, suffering the consequences of populist-but-incompetent governance, and the state of the armed forces clearly reflect the economic woes of the country. Last year, Rowan Allport contrasted the Argentinian military in the late 1970s leading up to the Falkland War with the hollow shell of today:

It is difficult to believe from the vantage point of 2014, but in 1978, Argentina came within hours of invading Chile. The scheme arose as a result of a conflict between the two countries regarding the ownership of the Picton, Nueva and Lennox islands, which are situated at the western entrance to the Beagle Channel – a waterway running between the Pacific and Atlantic Oceans. The plan envisaged the seizure by the Argentine military of these and a number of other islands, to be followed shortly after by an invasion of mainland Chile, with the intent of capturing the capital Santiago and other key population centres. From this position, the Argentine leadership believed that it would be in an unassailable position to force Chile into a beggar’s peace regarding its territorial demands. Whilst the operation was ultimately aborted at the last minute, it was the then government’s belief that Buenos Ares had the ability to exercise hard power on a substantial scale – together the domestic economic crisis it was experiencing – that ultimately led it to once again travel down the path of aggression with the invasion of the British-governed Falkland Islands in 1982. Although Argentina did not expect the British to attempt to retake the territory and ultimately lost the conflict, its armed forces were – in addition to performing the initial amphibious assault which captured the islands – able to deploy a carrier group, surface action groups and submarines into the South Atlantic, and managed to inflict significant losses on the British using modern anti-ship weapons and a substantial fleet of jet aircraft.

Flashing forward over three decades, the Argentine Armed Forces find themselves in a calamitous state. The depleted Argentine Navy rarely puts to sea, is desperately short of spare parts, and much of the ordinance carried by its ships is past its expiration date. 2012 saw the training ship ARA Libertad seized in Ghana on the orders of a hedge fund seeking reparations from the Argentinian government [blogged here]. Shortly afterward, the corvette ARA Espora was stranded in South Africa for seventy-three days after the German company hired to repair a mechanical fault refused to carry out the work as a result of the Argentine government’s unpaid bills. Then, in a final indignity, 2013 saw the sinking of the decommissioned destroyer ARA Santísima Trinidad in port as a consequence of poor maintenance [blogged here]. The Argentine Air Force largely consists of a collection of obsolete aircraft mostly dating back to the 1970s, which are frequently grounded due to poor serviceability. The Argentine Army has deployed on operations without some of even the most basic equipment and rarely has the resources for training.

So how did this situation arise? As with most such calamities, the root causes are both financial and political. The story of Argentina’s economic fall from grace – both historical and contemporary – is well known. In 1914, Argentina was the tenth wealthiest country in the world, but a century later it has fallen to fifty-fourth place. The last three decades has seen the country careen from crisis to crisis. During the 1980s, Argentina was crippled by inflation and external debt. The free market reforms begun under President Carlos Menem allowed a short reprieve, but a succession of financial crises in Mexico, Brazil, Russia and South East Asia during the 1990s – combined with a failure to tackle numerous underlying domestic economic issues and corruption – sowed the seeds of further catastrophe. In 1998, Argentina’s economy fell into a depression, climaxing with the largest debt default in human history. Though a commodities boom and a currency devaluation allowed room for a brief recovery, the increasing use of interventionist economic policies by the government, along with the 2008 global financial crash and attempts by so-called ‘vulture funds’ to obtain payment for debts on which Argentina had previously defaulted led the country back into crisis, forcing another default in 2014.

So how bad is it now? Argentina is being forced to retire the last of their supersonic jet fighters because they can neither maintain nor replace them:

According to IHS Janes

    “The Argentine Air Force is drastically cutting staff working hours and decommissioning its last fighter aircraft amid continuing budget issues.

    A recently published daily agenda indicates that the service’s working hours have been significantly reduced, from 0800 to 1300; rationing of food, energy consumption, and office supplies has been directed headquarters staff and property residents; and only the minimum personnel required to staff headquarters, directorates, and commands are working.

    These orders, issued on 11 August, take effect 18 August. A next step will cut Monday and Tuesday as working days. Moreover, air force officials said any aircraft taken out of service will not undergo maintenance for now.”

This leaves the Argentine military with just two types of jet aircraft A-4’s and IA-63’s and both are subsonic, decades old and barely serviceable. Argentina had looked into buying new Gripen’s from Sweden via Brazil but this was vetoed by the United Kingdom which makes a large number of internal components for the aircraft. They had also looked at JF-17’s from China, but the JF-17s proved too expensive to modify.

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