Is something going on in China?

Policy and governance matters.

Culture matters too. Japan is very communal society and values selflessness and sacrifice. Very happy to work their butts off for future benefit.

I don't know much about Argentine society, but once corruption and inequality get ingrained, it's REALLY hard to get rid of. There's too much to gain and lose, so being corrupt becomes a rational choice. And there's your bad governance and policy.
 
Culture matters too. Japan is very communal society and values selflessness and sacrifice. Very happy to work their butts off for future benefit.

I don't know much about Argentine society, but once corruption and inequality get ingrained, it's REALLY hard to get rid of. There's too much to gain and lose, so being corrupt becomes a rational choice. And there's your bad governance and policy.

A lot makes sense when you think of Argentina as “New Italy,” which it basically is ethnically.
 
Having been to Brazil once, that place has absolutely untapped potential. It could be warm Canada. But they do keep getting garbage governments. I was there in 2004, and inflation was being tamed, Bolsa Familia was working to help people out of poverty... Then Lula & company overspent like crazy and were corrupt, and now Bolsanaro is a nut job and still corrupt.

And in spite of all this, the people are great, there are a lot of fantastically good businesses... I hope they get it right.

So overall are the women as hot as their reputation?
 
Anyone listen to Peter Zeihan? He has an interesting video about China posted today.