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Interesting. Amazon is truly expert at shipping and logistics, so it's surprising that Chinese companies are succeeding where they are not.

Interesting. Why do you think Temu and SHEIN are having success in Argentina while Amazon is struggling?

I think that 100% tariff is more to do with the level of govt subsidy in China. Japanese and Korean cars are superb but they're properly competitive and just pay the standard 15%.

That's really interesting Mike. It's also the kind of immigration you want to see, working hard, starting businesses and pursuing the dream. CBI programs were designed for that. It wasn't so expensive that you had to be rich but you needed the means to get invested in your citizenship and not...

And that happened while China is recoiling from a downturn largely driven by massive over investment in real estate. If the CBI was in force 15 years ago when China was on a tear, I suspect BA would look quite different.

That was the thinking and for years it was a net positive, but we didn't consider the consequences of a nation with 40x our population that was starting to generate wealth and immediately wanted to get it out of there along with their families. It swamped us and the same happened in Australia.

Most Canadian cities have a great Chinatown and hard working immigrants. What you would get with CBI is a whole other kettle of fish.

Have to disagree with you there.

It's a good thing. Major areas of BA would have become Chinatown. Canada should have shut CBI down after the Hong Kong migration in the 80s, but they let it stand and our cities were swamped with Chinese immigrants. Homes became unaffordable to citizens. You have to laugh at the media...

Wow, that is the definition of irony

Awesome!!

Boy isn't that the truth

This is a fabulous thread :)

All he had to do? :ROFLMAO:

Hard to tell, it usually comes with a side of anger :)

I'm pretty sure my wife feeds me donkey meat whenever I've been bad :)

I'm really sorry to hear that Avocado, it's terrible to see people suffering. I truly hope better times are ahead, no matter what it takes to make that happen. In my opinion it matters enormously whether you steal X or 1000x. It's not just the obscene amount of money that kleptocrats steal...

No, the highest estimate I've seen is $5 million so it was probably less. The promoters made all the money in Libra. It was an idiotic scam that was guaranteed to blow up in Milei's face and I still shake my head at the stupidity of it. True kleptocrats operate on a completely different...

For a bit of perspective.... if you esimate Milei has stolen US$50 million so far (which may be way too high) and lets say he decides to really kick things into high gear and steal another $200 million over the remainder of his term. It's hard to see that happening with the IMF breathing down...

Thanks Betsy, that is interesting reading and a very different lens on Argentina