The 2001 Collapse: Argentina's Great Depression

In December 2001, Argentina's economy imploded after years of recession and austerity under the Convertibility Plan. This episode explores the run on banks, the corralito, the riots that toppled President Fernando de la Rúa, and the chaotic succession of five presidents in two weeks. We delve into the role of IMF policies, the rise of the piquetero movement, and the peso's devaluation that devastated savings. Lucas and Luna discuss the social impact, the cacerolazos, and the legacy of the crisis that still shapes Argentina today. From Domingo Cavallo's economic engineering to the dramatic helicopter exit of de la Rúa, this is a story of hubris, desperation, and resilience.

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