Source: Zero Hedge
"We are from the government and we are here to help you"
- Anonymous government worker
A week after Argentina resorted to every failing authoritarian
government's last ditch measure to (briefly) control inflation before
runaway prices flood the nation and result in political and social
upheaval, namely freezing retail prices -
a decision which never has a happy ending, the country is pressing on
through the rabbit hole and in the latest stunner of a government decree
(which like Venezuela yesterday is merely a harbinger of what is coming
everywhere else), has banned advertising in the Argentina's newspapers in
an attempt to weaken what's left of a private, independent media, and
to punish those who don't comply with the government's propaganda.From the WSJ:
Supermarkets and electronics retailers say Argentina's government has ordered them to stop advertising in the country's top newspapers, in a bid to weaken independent media companies as President Cristina Kirchner turns to increasingly unorthodox policies to prevent inflation from derailing an ailing economy. (more)
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