Historia de un país - La economía de los liberales

The defeat in the Falklands War in 1982 still stings in Argentina. The film 'Plata Dulce' reflects the economic crisis perpetuated by the dictatorship and the dire economic situation faced by the country for over two decades.

The military government under Videla implements a new economic order in 1976, heavily influenced by neoliberal ideas and the guidance of Milton Friedman. The plan includes deregulation, reduction of tariffs, privatization of state-owned companies, and a focus on industry and finances.

The economic reforms lead to speculation and a financial bubble, with high-interest rates and a focus on short-term gains. The plan results in a growing deficit, increased external debt, and a widening wealth gap. The government struggles to control inflation and faces resistance from within the military ranks.

By 1980, the economic system starts to fail, leading to a collapse of regional banks and a high level of external debt. The recession deepens, causing a rise in unemployment and poverty. The industrial sector suffers, and many businesses struggle to compete, resulting in closures and job losses.

The economic crisis culminates in a public protest in 1981, signaling the end of the dictatorship's economic policies. Videla announces his retirement, and a new Minister of Economy, Lorenzo, takes over. The economic situation worsens, leading to Alfonsín assuming power and facing the challenges of a transition period amidst a global recession.