Living in Buenos Aires, i have to said that the article is a big rant. Sure, let's make a complete insight about the economy of a complicated, third world country by well, touring a little bit and talking with a couple of entrepreneurs.
This country has lots and lots of issues, corruption, you name it, but is not that bad at all. In fact, it has improved a little bit since 2001. And what is even more important to this place, it has a little but important entrepreneur community (Pallermo Valley, for instance).
Perhaps, constant adversity helps people to sail agains the wind or any other cliché you might love. And don't start talking about politics without knowing, we were never one of the richest nations of the world, just a couple of very rich people that thought we did and made a couple of history books about it ;).