Bank Protests Stigmatized

Guillermo Rauch shares a story about how Argentina's financial crisis led to bank protests that were stigmatized by the media.

"All these protests happened of people that had large dollar savings, and it was so terrible because Argentina has been guilty of this before many times - if you're rich, that's frowned upon, that's terrible. You probably got rich by screwing someone up. That is how the culture was largely configured.

So it was very hard to empathize with these protests that would happen because people would literally be outside of the banks protesting that their savings got stolen. But the way that it would get manipulated by the media was: 'Are you gonna empathize with that rich guy? Oh poor him, he's complaining about his huge dollar savings.'

That added even more insult to the injury - there was no empathy for people that were losing their money. This is your life, this is the things that you might leave for your kids, this is everything you've worked your entire life for."