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From Boom to Bust, what will it take to save Argentina from Bankruptcy? | Foreign Correspondent

Argentina was once one of the world’s richest nations but today it’s a country on its knees with annual inflation rates over one hundred percent and forty percent of the population living in poverty. This week on Foreign Correspondent reporter Carrington Clark travels to the South American nation where the price of a steak is up by seventy percent this year alone and soup kitchens are struggling to meet demand. To make matters worse, the country has been gripped by the worst drought in decades. With the nation on the verge of bankruptcy, Argentines will shortly elect their next president. The frontrunner, Javier Milei, is a radical libertarian who believes climate change is a hoax and who wants to ban abortion and relax gun laws. He’s also promising to get rid of the central bank, dramatically reduce public spending and replace the peso with the US dollar. Carrington also visits the lithium triangle in Argentina's northwest where vast quantities of the world’s lithium is located. The area is a modern-day white gold rush and there’s hope mining this rare metal – a vital component of batteries – will help solve Argentina's economic crisis Subscribe: https://ab.co/3yqPOZ5 About Foreign Correspondent: Foreign Correspondent is the prime-time international public affairs program on Australia's national broadcaster, ABC-TV. We produce half-hour duration in-depth reports for broadcast across the ABC's television channels and digital platforms. Since 1992, our teams have journeyed to more than 170 countries to report on war, natural calamity and social and political upheaval – through the eyes of the people at the heart of it all. ABC News In-depth takes you deeper on the big stories, with long-form journalism from Four Corners, Foreign Correspondent, Australian Story, Planet America and more, and explainers from ABC News Video Lab. Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 For more from ABC News, click here: https://ab.co/2kxYCZY Get breaking news and livestreams from our ABC News channel:    / newsonabc   Like ABC News on Facebook:   / abcnews.au   Follow ABC News on Instagram:   / abcnews_au   Follow ABC News on Twitter:   / abcnews   Contributions may be removed if they violate ABC’s Online Terms of Use http://www.abc.net.au/conditions.htm (Section 3). This is an official Australian Broadcasting Corporation YouTube channel