Argentina farmers took the street a couple of days ago protesting the export tax levied on their agricultural product. The whole country is running short on meat within 24 hours as of this moment. I was pretty surprised that even the most fundamental sector in an economy could get so political these days. Of course such instances were not unprecedented: for example in america there used to be something called populist reform, which as I understood had something to do with southern plantation farmers’ rights. But those were mainly driven by rich landlords and people in charge of large tract of grazing field. Argentina farmers are conceivably only slightly better off than peasants? So their action is more comparable perhaps to the russian proletariat revolution. In any case, may food go to the ones that need them the most and help create more productivity to keep our belove earth running.
One last thing. The Argentina president Christina Fernandez said that the reason for raising the export custom is due to the fact that most of the agricultural product was exported in euros and dollars, instead of argentina pesos, which hurt the country’s economy. Why is that so? And by exporting in those currencies does she mean that’s the currency they take in? How would it be even possible to export in exchange of pesos, considering that pesos are not even one of the international currencies? Anyone with an economics background is highly appreciated here.