The level of desperation in the Casa Rosada and the Economy Ministry is similar to what the majority of the population is suffering. The reasons, though, are very different.
One example that illustrates the situation is what occurred last week during the Llao Llao forum, a criollo version of the World Economic Forum’s annual Davos meetings. The Argentine establishment, led by agricultural and real-estate tycoon Eduardo Elzstain, made their way to the Patagonian city of Bariloche to attend what is probably the most exclusive and influential business and networking meeting of the year. Unlike other gatherings, the Foro Llao Llao is attended only by the business elite, along with the intellectuals, economists, and politicians that they want to mingle with. It’s not just politics and how to deal with regulation – there’s also time to talk about innovation, artificial intelligence and unicorns.
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