ARGENTINA: The Second Revolution

In blunt words, President Eduardo Lonardi reported to his people last week on the state of the country's economy^ Argentina, he said, is like "a man eaten up by cancer, who looks healthy and capable of work until he suddenly falls down dead." The shocking facts of what had happened under Juan Peron:

¶Exports—the sales abroad of meat, wool and grains that once made Argentina one of the world's greatest trading nations —dropped in the last five years to one-half of their previous volume. Reason: Peron's government grabbed control of all exports and crippled farm production in an attempt...

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