

A long history of military dictatorships, followed by the many flavors of Peronism, is actually how Argentina managed to downgrade themselves from developed economy, to a developing one. Which is also what created the conditions that swept the current government to power.
I’m not saying the current administration is helping the situation, just that their economic policies have continued a long standing tradition of gross economic mismanagement.
That is beyond an incredibly generous interpretation of their comment. In fact, that would have been a reasonable comment to make. But again, that wasn’t what they said.