Title: Is Argentina a Socialist Country?
Headings: Is Argentina a Socialist Country?
Is Argentina a Socialist Country?
Key Takeaways
The Rise of New Latin American Socialism
The Socialist Tendencies of Argentina
The Bottom Line

Content: After yet another sovereign debt default and restructuring in 2013 and 2014, many were quick to blame the socialist policies implemented by the Argentine government, but there were many other factors, such as political corruption and an irresponsible monetary policy, that were culpable and not necessarily part of a socialist platform. Key Takeaways
Socialism describes an economic and political system of centralized and shared production and ownership lacking free markets, often directed by a central government. Argentina has seen socialist movements since the 1980s, 1 ﻿ along with other countries in South America, often in response to failed efforts at global integration. Argentine bond failures in the 2000s and 2010s and again in May 2020, coupled with high inflation, have put a critical eye on some of the country's socialist policies. The Rise of New Latin American Socialism
Argentina could be considered one of the more socialist countries in Central or South America. Other countries, notably Ecuador, Cuba, Bolivia, and Venezuela, have strong ties to socialist movements. Some of Argentina's neighbors are less socialist, and these include Chile, Uruguay, Colombia, and Saint Lucia. The Latin American region has a long history of populist, socialist, and communist movements. For example, the political waves led by Salvador Allende in Chile, the National Liberation Army in Colombia, and Che Guevara and Fidel Castro in Cuba. 2 ﻿﻿ 3 ﻿ By the fall of the Soviet Union in 1991, however, most of these movements had petered out.