Sarah Muir, "Routine Crisis: An Ethnography of Disillusion" (U Chicago Press, 2021)

New Books in Sociology · Aug 11, 2023 · 45m

Argentina, once heralded as the future of capitalist progress, has a long history of economic volatility. In 2001–2002, a financial crisis led to its worst economic collapse, precipitating a dramatic currency devaluation, the largest sovereign default in world history, and the flight of foreign capital. Protests and street blockades punctuated a moment of profound political uncertainty, epitomized by the rapid succession of five presidents in four months. Since then, Argentina has fought economic fires on every front, from inflation to the cost of utilities and depressed industrial output…