Fiscal Chaos Aside, Start-Ups Bloom in Argentina

I consider the ease with which one can start a business in the US to be one of the pillars of its wealth creation engine.

The US, and the Valley in particular, have a culture which embraces the quick turnaround that can happen in the entrepreneurial world.

So it's good to see an unlikely contender like Argentina getting in on the game. I hope that it leads to serious wealth creation (and I hope that the Argentine government will keep things unregulated enough), since it should convince at least one or two other countries to open up more.

The wild entrepreneurial spirit might just be the US's best export.

EDIT: I'm a South African, with no American ties. I just can't help admiring this aspect of the US's business world.

This shows the difference that outstanding individuals can make. By all objective measures, Argentina is less attractive for a startup hub than a country with a more stable economy, like Chile. But entrepreneurial-minded Argentinans have persevered through adversity and created a nascent startup scene. Cool stuff.

Interesting, Argentina suddenly popping up here a lot, see:

http://news.ycombinator.com/item?id=408190

http://news.ycombinator.com/item?id=407853

inspiring for other cities in the world which are not traditionally considered as top tech centers