Ketchup Shortage Hits Argentina

A blog about business and economics.
Feb. 4 2014 11:58 AM

Ketchup Shortage in Argentina

179812067-lightning-strikes-a-building-on-the-buenos-aires
Lightning strikes Buenos Aires, Argentina.

Photo by Michael Heiman/Getty Images,

McDonald's has been a focus of Argentina's economic problems for a while now as the troubled country has tried to cover up its supply-side problems in part by strong-arming well-known global brands into restraining prices.

Now things are getting real:

That's McDonald's Argentina's Twitter account warning of ketchup shortages.

Advertisement

The lesson of Argentina over the past 15 years is that, unfortunately, it's much rarer than it should be to see a country that zigs when it should zig and zags when it should zag. Orthodox policies would be right for Argentina today, but instead they're sticking with heterodox policies that were appropriate in 2002. Most rich countries, meanwhile, could use a dose of heterodoxy right now but are sticking with orthodoxy instead.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

TODAY IN SLATE

History

The Self-Made Man

The story of America’s most pliable, pernicious, irrepressible myth.

The GOP Senate Candidate in Iowa Doesn’t Want Voters to Know Just How Conservative She Really Is

Does Your Child Have “Sluggish Cognitive Tempo”? Or Is That Just a Disorder Made Up to Scare You?

Naomi Klein Is Wrong

Multinational corporations are doing more than governments to halt climate change.

The Strange History of Wives Gazing at Their Husbands in Political Ads

Television

See Me

Transparent is the fall’s only great new show.

Doublex

Lena Dunham, the Book

More shtick than honesty in Not That Kind of Girl.

Rehtaeh Parsons Was the Most Famous Victim in Canada. Now, Journalists Can’t Even Say Her Name.

Parents, Get Your Teenage Daughters the IUD

The XX Factor
Sept. 30 2014 12:34 PM Parents, Get Your Teenage Daughters the IUD
Moneybox
Sept. 30 2014 12:04 PM John Hodgman on Why He Wore a Blue Dress to Impersonate Ayn Rand
  News & Politics
Politics
Sept. 30 2014 1:38 PM Mad About Modi
 Why the controversial Indian prime minister drew 19,000 cheering fans to Madison Square Garden.

  Business
Building a Better Workplace
Sept. 30 2014 1:16 PM You Deserve a Pre-cation The smartest job perk you’ve never heard of.
  Life
Education
Sept. 30 2014 1:48 PM Thrashed Florida State’s new president is underqualified and mistrusted. But here’s how he can turn it around.
  Double X
The XX Factor
Sept. 30 2014 12:34 PM Parents, Get Your Teenage Daughters the IUD
  Slate Plus
Slate Picks
Sept. 30 2014 11:42 AM Listen to Our September Music Roundup Hot tracks from a cooler month, exclusively for Slate Plus members.
  Arts
Brow Beat
Sept. 30 2014 12:42 PM How to Save Broken Mayonnaise
  Technology
Future Tense
Sept. 30 2014 11:55 AM The Justice Department Is Cracking Down on Sales of Spyware Used in Stalking
  Health & Science
Bad Astronomy
Sept. 30 2014 7:30 AM What Lurks Beneath the Methane Lakes of Titan?
  Sports
Sports Nut
Sept. 28 2014 8:30 PM NFL Players Die Young. Or Maybe They Live Long Lives. Why it’s so hard to pin down the effects of football on players’ lives.