It's a mystery why Argentina has not developed into a prosperous and stable country, it's got everything.
As one mexican told me they speak Spanish with an Italian accent
Argentina was once very prosperous, in the 1960s it had a similar GDP per capita to Italy / Austria and probably 2-3 times higher than most South American countries.
I think lack of economic diversity and bad economic decisions lead to incredible inflation and the eventual military dictatorships. Apparently they had 5000% inflation at one point. I think ever since they have just been trying to recover from this disaster of a time but they are stuck between a rock and a hard place on how to resolve it.
This new guy looks to be a lunatic though so not sure things will improve, but considering how bad it already was it maybe isnt a surprise, they are desperate.