Argentina’s worker-run factories offer more hope than Obama

Argentina has it’s quirks, like any South American nation that still maintains hope in democracy. But we would be remiss to point out the bizarre and humorous elements of their convoluted system without also applauding the spectacular bits.

As evidenced by the falta de monedas problem, Argentina’s labyrinthine legal system allows for lots of loopholes. Thus, after economic turmoils prompted factories to close around the turn of the millennium, citizen workers broke in and reestablished operations themselves, defending the assets against efforts by law enforcement officials to evict the worker-managed cooperatives.

Let’s hear it for private property rights and versus the sovereignty of the individual!