Argentina – a warning to the United States and China

One can wonder why it is that North America is prosperous, but Latin America has fallen far behind. After all, about 500 years ago both started from the same point. Why did some end up thriving when others did not? Historians dislike “what if” speculations as they cannot change the past. Dr. Rok Spruk is not a historian; he is an economist. His Ph.D. was in quantitative economic history. Finding out why some countries do better than others is his specialty. Understanding why some nations succeeded when others failed can help us to identify the early signs of future prosperity…...