Rise of the Argentine Empire

#316 - Cooperation and confrontation with foreign capital

Starting from La Pampa Province, a strong industrial manufacturing capacity was created, producing abundant supplies for the entire Argentina. This, to a certain extent, alleviated the overall inflation in Argentina, stabilized prices, and generated profits for the factories.

At the same time, it preserved the seeds for the development of Argentina's national industry.

Starting the year before last, some outstanding Argentine factories were merged and acquired by foreign capitalists. As a result, many state-owned factories in Buenos Aires went bankrupt, and the unemployment rate reached an unprecedented level.

Faced with powerful overseas capital, the La Pampa civilian group, led by San Jose, remained calm and unhurried, neither fearful nor xenophobic, focusing more on cooperation, but also engaging in confrontation.

As the core city for attracting foreign capital, the provincial capital, Blanca City, introduced a large amount of overseas capital and, through various strategies in the "La Pampa Province Foreign Investment Law", contacted major countries to establish consulates, ensuring the investment rights and interests of foreign capital.

Among them, the number of consulates newly established in the bustling urban area of Blanca City in the past two years is numerous, already becoming an important channel for San Jose to communicate with foreign countries.

These mainly include the British Consulate, French Consulate, Italian Consulate, Spanish Consulate, German Consulate, Dutch Consulate, Belgian Consulate, American Consulate, Canadian Consulate, Mexican Consulate, Japanese Consulate, Indian Consulate, Australian Consulate, New Zealand Consulate, Brazilian Consulate, Chilean Consulate, Peruvian Consulate, and more than 30 other consulates.

The establishment of consulates is agreed upon by Argentina and invited by La Pampa Province, mainly to protect the interests of new immigrants, overseas Chinese, and foreign capital in Argentina. However, San Jose has utilized this to attract foreign capital.

Most countries in the world have diplomatic relations with Argentina, and La Pampa Province has offered many favorable policies, making it logical to invite the establishment of consulates. Good relationships and channels have also been established with the embassies in Buenos Aires. In addition, the influence of Sequoia Capital of the United States in various European and Japanese countries has facilitated Blanca City having a large-scale consulate channel, with the protection of the Blanca City Urban Defense Police Force on the periphery.

San Jose regularly invites these foreign consuls to gatherings, helping foreign capital solve difficulties and problems, and protecting the rights of new immigrants and overseas Chinese. The business environment in Blanca City is very favorable.

Blanca City has rapidly become the third largest foreign investment center, second only to Buenos Aires and Cordoba, with a large amount of British and American capital, especially British capital, flowing into Blanca City.

The western and eastern districts of Blanca City have become the largest concentration camps for foreign capital, especially British capital, in Blanca City. Although the British are not as powerful as the Americans, they are also a major world power, and the pound sterling has also flowed into the Argentine National Stock Exchange in large quantities. The National Stock Component Index has rapidly increased from 113 to 1564, and the number of listed companies has also increased from the initial 10 to 284, including many Cohen Group companies, and a large number of companies are still in the process of listing review, prospering the entire Argentine stock market.

In fact, the Argentine stock market is not very developed. Before many stocks are listed, they must first be sold, which is a difficult problem.

For most Argentines, stocks are a novelty, but Blanca City is not lacking in shrewd people, and many have made a great deal of wealth from it.

According to statistics, there are more than 500 securities companies and investment banks in Blanca City, selling various financial management and stock trading services, making a huge contribution to the prosperity of Blanca City's stock market.

Although there are also criminals like the "Wolf of Wutong Street", it is, after all, becoming more and more standardized overall.

Blanca Financial Avenue has therefore become the place with the highest salaries in Blanca City.

Because it is full of sycamore trees, it is also known as "Wutong Street", and is one of the two major financial centers in Argentina, alongside Florida Street in Buenos Aires.

The emergence of the Argentine National Stock Exchange has raised development funds for many Blanca City companies, gathered meager funds, and equipped the development of many excellent companies with jet engines, allowing them to expand rapidly.

After all, Blanca City and La Pampa Province cannot borrow unlimitedly. The main purpose of borrowing is to carry out infrastructure construction and invest in state-owned companies, while vibrant private companies need funds other than loans, and listing has become their goal.

San Jose has devoted a lot of energy to the development of the Argentine National Stock Exchange, using a large number of New York Stock Exchange trading methods, purchasing advanced calculation methods, recruiting professional exchange personnel, and improving their treatment.

The Stock Exchange belongs to the Argentine national institution sequence, but the management is almost entirely personnel recruited by San Jose, so it has also developed a completely different path, starting from the beginning with the goal of standardization.

In addition, San Jose also established the La Pampa Stock Market Supervision and Management Committee outside the exchange, mainly as an external institution, staring at the exchange.

At that time, Lanyun Textile's listing quickly fell from a market value of 17 million US dollars to a market value of 500,000 US dollars in just 10 days, almost technically bankrupt, becoming the first stock of the Cohen Consortium with a market value of less than one-fiftieth of its sales.

Buno Electronics also declined in product competitiveness, from a market value of more than 10 million US dollars on the first day of listing, continuing to rise to 20 million US dollars on the second day, but quickly fell sharply on the third day, falling to more than 1 million US dollars, and thus fell into disrepair. Later, it was surpassed by Enke Electronics, and the Argentine stock market became a hunting ground for capital.

Of the ten companies that were initially listed, except for Cohen Group companies and state-owned companies, the others basically fell.

Because of the support of the Cohen Consortium, such as Lanyun Clothing Textile, Philip Industrial Shares, Meinian Da Beverage Shares, Sean Glass Shares, and Blanca City Port Shares, the other companies became cannon fodder, including the most famous Buno Electronics. Buno Electronics was eventually acquired by the Americans.

San Jose also changed his views quickly from the initial optimism, and finally intervened directly, taking over the exchange, and carrying out a lot of transformation and reform, which eased and walked out of the crisis of the exchange's bankruptcy.

He slowly pulled the badly damaged Argentine National Stock Exchange back up, adopting a price limit system, stipulating that the daily price limit would no longer be unlimited, and strictly formulating stock trading rules.

He launched a bolder listing plan, accelerated the listing review, and rapidly expanded the number and scale of listed companies. The Cohen Consortium and Sequoia mobilized a large amount of funds to fight against foreign capital, so that foreign capital could not obtain excess returns from it and was firmly trapped.

After the development of the exchange was on the right track, the total market value rebounded to 50 million US dollars. It took 267 days from 50 million US dollars to 100 million US dollars, 171 days from 100 million US dollars to 500 million US dollars, and only 44 days from 500 million to 1 billion US dollars. The condition of the exchange improved again, and listing and financing became an important driver of Blanca's economic development.

...

Looking at history, it can be found that if a late-developing country wants to achieve industrialization, it is essential to use foreign industrial power. Therefore, San Jose has never rejected the entry of foreign capital.

From the era of great colonialism to the first industrial revolution and the second industrial revolution, Europe and the United States were the first-developing countries, and already had mature industrial technology and management experience. Late-developing countries can directly learn from them, saving detours and saving a lot of time costs and material costs. Relying on oneself can only lead to isolation and lagging behind the world.

Argentina can innovate on these industrial foundations to catch up with or even surpass advanced European and American countries.

This is a valid and effective path to development. Examples include Japan during the Meiji Restoration, the Soviet Union's New Economic Policy and Five-Year Plans, and China's Reform and Opening Up. Copying is inevitable.

The market capitalization of the Argentina National Securities Exchange has surpassed that of the Buenos Aires Stock Exchange, with an average market capitalization of US$1 billion. Currently, the company with the largest market capitalization is Hans Steel Corporation, with a market capitalization of US$60 million, making it the largest listed company in Argentina.

As the second-largest steel giant in Blanca, Hans Steel and the Hans family behind it have ties to the Federal Republic of Germany. Like La Plata Steel, they can obtain smelting technology from German steel companies such as Krupp.

With the support of the San Jose Group, Hans Steel is no longer limited to steel smelting and has diversified its operations into machinery manufacturing, building materials, automotive parts production, real estate, and other industries, making it one of the most important commercial enterprises in Blanca.

While the Argentine Presidential Palace has been actively attracting foreign capital to develop the national economy, and foreign capital has been acquiring various factories in Argentina, the resilient city of Blanca and the province of La Pampa have delivered outstanding results. This proves that Argentina's local industry has not been completely defeated but continues to develop rapidly.

Argentina's local industry has not been defeated by foreign capital. Besides Argentina not having much industry to begin with, San Jose's heavy industry layout has provided Blanca's local industry with a large amount of high-quality and cheap raw materials, affordable factory rents, and cheap electricity, allowing them to produce various inexpensive industrial products.

The source of these industrial raw materials is the former Industrial Development Planning Committee and its State-Owned Assets Committee, both of which have the same founder: San Jose Cohen.

Although the intervention of the two major committees in factories is decreasing, the market faction has ultimately prevailed. After all, Argentina is still a capitalist country. The two major committees have been reorganized into a new State-Owned Assets Committee and the Ministry of Industry, becoming formal civil service institutions.

The Blanca Industrial Development Planning Committee was once the most mysterious advisory body in Argentina. Many of its talents actually came from various companies under the Cohen Consortium. They designed an unprecedented industrial development plan, because even with money, it's important to save.

San Jose selected a large number of senior civil servants from the Industrial Development Planning Committee, providing talent for the economic and industrialization of the entire city.

The two major committees established a large number of industrial parks, from the port-adjacent industrial zone to the Layton Automotive Industrial Park, increasing in size and financial strength.

In recent years, electricity prices in the entire province of La Pampa have not increased. The province of La Pampa has established a dedicated Department of Electricity Industry and Electricity Management Bureau to tightly control the development of the electricity industry and electricity prices.

The entire province of La Pampa already has five major power companies and three major energy companies. Its electricity industry is already at a world-class or even first-class level. It has introduced a large amount of European and American, especially French and British, power generation technology, and has made significant progress in coal-fired power, natural gas-fired power, and hydropower resources, forming a vast power grid.

Electricity prices, like grain, have a significant impact. From the perspective of economic and people's high-quality pursuit of life, we can only stabilize electricity prices and dare not easily raise them.

For the power system, if costs rise and electricity prices remain stable, the power system will not be able to absorb the transformation costs. If it relies on government subsidies, it will not be sustainable; even if efficiency is improved through technological progress to offset costs, the space is limited.

Therefore, of course, the market-oriented approach is not simply to pass on costs, but to change the industrial landscape and promote relevant reforms through market-oriented price signals.

Therefore, San Jose's emphasis on power facilities is certain. In particular, state-owned companies basically fully control 90% of the power generation share, and the other 10% belongs to the Cohen Consortium. In terms of basic infrastructure construction, San Jose does not intend to allow private capital to intervene, at least not in the development process of Blanca.

Only when the country is strong can its citizens enjoy more benefits. The advanced welfare of the Peron era was not reliable in itself. Instead, after Blanca's industrial development, the wages of ordinary workers gradually reached the level of Buenos Aires.

State-owned factories in Blanca also have many benefits that are only available in socialist societies, such as free accommodation and meal subsidies in the cafeteria. The happiness index is very high, and private factories have to participate as well.

Profit is not the only pursuit of state-owned factories. Driving industrial development, improving the level of national economic development, driving employment, and earning foreign exchange also give workers in state-owned factories a better sense of honor.

With a rich variety of industries and many job opportunities, Blanca attracted many Argentinians to work here when its population was only over 200,000.

Blanca's temperament is so unique. In addition to the two old districts of the East and West, the rest of the city is a modern city built of reinforced concrete, an industrial park composed of factories and machines, as well as the gorgeous and sensual tango and delicious restaurants of all kinds. It is a great city composed of all the new immigrants.

Unlike most Argentine cities where wealth is controlled by landowners and urban elites, which is a fragile form of wealth, poor Argentinians and immigrants flock to this city, with well-planned and widened blocks and streets, huge industrial parks, and basically complete urban service facilities. The gap between rich and poor is not as large as imagined.

The core of everything is various manufacturing industries and factories. Compared with the mountainous province of Cordoba and the rich province of Santa Fe, this flat grassland port city is located in the northern part of Patagonia and the southern Pampas. Although the transitional climate is not as perfect as Buenos Aires, it is indeed very suitable for industrial development. In addition, the completion of the Pampas Canal has solved the problem of industrial and residential water use, making it very suitable for living.

Blanca has become the largest urban cluster in Argentina, with each district and county being a separate city, filled with factories everywhere.

Argentina has abundant resources, but the country has not been able to leverage these resources to its advantage until Blanca changed everything. From minerals in northern and western Argentina to oil in the south, most industrial raw materials are concentrated here, turning into industrial products and various products, and are exported and imported in large quantities to various regions of Argentina. Its port is engaged in huge amounts of trade. In June, its import and export volume has exceeded the trade hubs of Rosario and Buenos Aires.

Blanca is still developing rapidly and has a large demand for talent. Therefore, Blanca's attraction to young people is undoubtedly huge, but in Buenos Aires and Cordoba, unemployment has become one of the biggest concerns for many people, and it has even become the norm. Losing a job will not only mean losing income but also losing the focus of life.

Blanca is not short of work. The number of commercial entities has exceeded 80,000. The service industry and manufacturing are the two largest industrial sectors in Blanca, with more than 6,000 factories employing more than 50 people, more than 2,000 employing more than 200 people, and 500 employing more than 1,000 people. Large and small stores, commercial supermarkets, and wholesale markets also accommodate a large number of employed people.

Many companies, factories, and various stores in other regions of Argentina mostly open at 9 am, have lunch at 1 pm, reopen at 4 pm, and close at 8 pm to 9 pm, with dinner at 10 pm.

However, Blanca, from the provincial government to its subordinate agencies at all levels, has adopted a working style of 9 am to 6 pm, with a one-hour lunch break from 12 pm to 1 pm, or 12 pm to 1:30 pm, and closing at 6 pm or 6:30 pm. This has created a night economy in Blanca that is different from other major cities in Argentina and is very prosperous.

This is mainly because San Jose habitually eats rice for lunch. After eating rice, he must take a nap at noon. Staples such as rice make people feel sleepy after lunch due to the glycemic index and other reasons. Therefore, he adopted a new work schedule and promoted it comprehensively.

In the city of Bahía Blanca, the government and factory cafeterias have also widely adopted the New China fast-food model of staple food + stir-fried dishes to improve work and meal efficiency, and have hired a large number of Chinese chefs.

The cafeterias rarely serve traditional Argentine asado, pizza, mushroom stew, pasta, etc., because these foods are either too time-consuming, nutritionally unbalanced, or too complicated, which is not conducive to improving efficiency and greatly increasing productivity.

However, the main reason is that it's too much trouble, because they need to provide nearly one million workers in Bahía Blanca with food that is rich and affordable, so Chinese fast food is the best choice, and establishing cafeterias is a guarantee of improving production efficiency.

It's impossible to spend several hours eating a meal, which is not conducive to worker management.

Changes in lifestyle have led to a sharp decline in coffee consumption in Bahía Blanca. Previously, most Argentines did not have the habit of taking a lunch break in order to maintain their energy in the afternoon, so coffee was a heavily consumed product.

Of course, this has nothing to do with the working-class Argentine workers, whose only pleasure is drinking mate tea during breaks.

However, mate tea has also been banned by most factories. Drinking mate tea during working hours, especially in production workshops, is prohibited. Cola, soda, and a special beverage developed based on the flavor of mate tea are very popular.

Many such cheap cafeterias quickly appeared in La Pampa Province and were very popular among the working class. Under the influence of government agencies and state-owned factories, this has become an advantage for Bahía Blanca and other cities in La Pampa Province to greatly improve work efficiency.

Workers in other Argentine city factories are somewhat lazy, partly due to lifestyle reasons, but it's not too serious.

However, eating asado for lunch every day can easily emit some body odor, which also affects the working environment. Moreover, spending several hours eating lunch reduces work efficiency in the evening. It's better to concentrate on production and finish the work in the afternoon, combining work and rest, and also promoting consumption in the evening.

Therefore, it's more about the change in the work system. Starting from government agencies to state-owned factories, it's survival of the fittest. If you can't adapt, you won't be valued or even eliminated.

At the same time, in order to obtain more land and improve land utilization efficiency, Bahía Blanca eliminated many grasslands in the early stage and converted them into indoor breeding of cattle, pigs, and sheep, developing new dishes and greatly improving productivity.

However, asado and beer are still the favorites of most working-class people in Bahía Blanca, so asado and beer restaurants dominate the city's nightlife, which is the place for ordinary people to go, compared to expensive bars and high-end clubs.

San José doesn't like large chunks of Argentine asado, so he rarely tries them.

However, he quickly discovered that new immigrants, especially the more diligent Chinese immigrants, brought a new lifestyle—barbecue restaurants. Barbecue is actually a type of grilling. Soon, San José helped these Chinese people open various barbecue restaurants through some means and also proposed ways to improve the barbecue methods.

Argentine barbecue is too simple, mostly grilling lamb and beef, which is very primitive and rough.

Barbecue from New China is more refined than asado, grilling pork belly, mushrooms, sausages, shellfish, various vegetable barbecues, seafood barbecues, basically everything can be grilled. Smart Chinese immigrants quickly opened various barbecue restaurants. San José occasionally tries them, after all, it is a relatively healthy lifestyle.

At least that's how San José sees it, so he often educates his children not to be picky eaters. Both Brittany and little Cohen are very sensible, inheriting the excellent talents of their mother and the appearance of their father.

San José also loves them very much, taking them in and out of the Cohen Consortium and various official residences. They both show outstanding talent and learning ability.

However, this may be because San José simply feels that eating only meat without vegetables or rice is more likely to turn into a burly man with a less flexible brain, and cannot cultivate intelligent and excellent talents. Perhaps this is a misconception formed by reading various chuunibyou novels in his previous life.

Under the influence of his inherent concepts from his previous life, he stubbornly believes that a balanced diet of meat and vegetables is the best for health, and eating only meat or only vegetables is a wrong lifestyle.

Therefore, in order to change the lifestyle of these Argentines, he even specifically recruited Chinese immigrants from the Nanyang region and provided them with protection. Many Chinese from Vietnam, Myanmar, Malaya, Cambodia, and Indonesia traveled to Argentina on the passenger ships of Pralle International Shipping.

This move was a huge success. The work efficiency of workers in Bahía Blanca reached the highest level in Argentina. High efficiency also brought product competitive advantages, and also solved many problems in one fell swoop. Moreover, two-shift and three-shift systems were brought to the extreme by factories.

"Diligent Bahía Blancans" began to become a characteristic that distinguishes them from other Argentines. Opening factories in Bahía Blanca has become the most profitable place in Argentina.

After all, as long as there is a 200% profit, the most outstanding capitalists will flock to it, which has indeed attracted many factories, thus improving the industrial cluster and greatly improving the level of economic development.

Of course, work is not the only attraction of Bahía Blanca, but also the various development opportunities, freedom, and convenient life.

Therefore, San José often says to his subordinates, "Lifestyle is competitiveness and productivity."

After saying that, he started drinking his tea again. San José doesn't like mate tea and thinks it's quite unsanitary. Except for initially adapting to the local customs in Córdoba, he later gave up this habit long ago.

However, working overtime until late every day, although his physical fitness is indeed very strong and energetic, he still needs to refresh himself. Besides cigarettes, he is not used to coffee and Western broken tea, so he asked a trading company in the Nanyang region to bring tea from New China to refresh himself.

……

Bahía Blanca has three major weapons to fight against foreign capital. One is the powerful Cohen Consortium, the largest consortium in Argentina, with dozens of large-scale companies, a bank, and huge assets abroad. It also has its own defense force and several military weapons production companies, which have already influenced Argentina's financial, trade, and economic development.

One is the Bahía Blanca State-owned Assets Committee and the La Pampa State-owned Assets Committee. Both are among the largest state-owned asset groups in Argentina and have begun to change Argentina's industrialization process.

Among them, Bahía Blanca has developed a number of large-scale, well-managed, and high-performing companies such as Médanos United Steel, Atlantic Petrochemical Company, Bahía Blanca Automobile Manufacturing Company, Bahía Blanca Department Store, Bahía Blanca International Trade, Bahía Blanca Chemical Industry, Bahía Blanca Construction, and Bahía Blanca Commercial Bank. They have deeply participated in Bahía Blanca's industrialization process and have grown into the pillar industries of Bahía Blanca.

La Pampa Province has a number of excellent companies such as the three major banks, Pampas Oil, La Pampa Construction, Pampas Chemical Industry, Pampas Steel, La Pampa Shipping, La Pampa Power, and La Pampa Industrial Investment. Although the provincial state-owned companies were established later, they are equally important, and they have a higher and faster starting point, more advanced industries, and a faster development speed, which has improved the industrial foundation of La Pampa Province.

The finances of Bahía Blanca and La Pampa Province have issued a large number of debts to build projects and form state-owned companies. A large amount of deposits from major banks form a syndicate, participate in it, and obtain high-profit returns. A large number of state-owned companies expand and obtain income. Citizens and workers obtain wages, thereby driving investment and consumption to develop in an all-round way, which in turn promotes the development of state-owned companies and the development of banks.

The Cohen Consortium is not only the first pot of gold in Bahía Blanca, but also the largest industrial group and an important investor in Bahía Blanca. The two major asset committees are San José's important auxiliary, and they have rapidly developed through capital and policy advantages, and have also opened up a new path for the entire Argentine industrial development.

Cheap Bahía Blanca industrial products quickly flow to all parts of Argentina. Various materials are becoming more and more abundant, and they are exchanged for pesos in the hands of Argentines, which eventually become the wages of local workers and the profits of factories, which are invested in reproduction and expansion, and then become residents' consumption, or deposited in the Balen Bank of La Pampa Province, Bahía Blanca Commercial Bank, La Pampa Industrial Bank, etc., becoming important monetary savings.

Bahía Blanca itself is an important grain distribution center. Now, with the support of fertilizers, tractors, improved seeds, and irrigation systems, La Pampa Province has become a major grain-producing province, backed by Río Negro Province and Chubut Province. This ensures a stable grain supply and allows for the large-scale breeding of high-quality Bahía Blanca white pigs, which have become an important and affordable food source to replace beef and mutton, capable of feeding more people. Various food products produced locally also flow into various parts of Argentina through various channels.

Argentinians have also experienced a minor consumption upgrade for the first time. Led by U.S.-based Enco Electric, major appliance companies in Bahía Blanca have successively introduced foreign production line technologies, achieving localized production of various household appliances such as refrigerators, televisions, and washing machines, which are entering ordinary households. Various inexpensive tape recorders, radios, and electric fans have also quickly become popular in Argentina. Other items such as motorcycles, tricycles, tractors, and bicycles have also entered industrialized large-scale production, and their prices are much lower than imported products.

After a large influx of population into Bahía Blanca, besides White Light Avenue, various film talents are also finding work here. The diverse immigrant culture of Bahía Blanca has experienced a concentrated and explosive burst, with a large number of high-quality films emerging.

"White Bahía Blanca Bay", "Gangster Fury", "Bank Robbers", "Miracle in the Argentine Sky", "The New Age of Navigation", "Once Upon a Time in Argentina", "Dreaming Back to Bahía Blanca", "One Hundred Million Pesos", "Kill That Argentinian", and "Ushuaia" have all become top hits on the Argentine film box office charts. Some movie stars, such as Nicolás Ayden and Ryan Bainey, newcomers who debuted not long ago, have also become Argentina's most beloved superstars.

Moreover, films produced in Bahía Blanca not only receive high praise domestically but are also exported to neighboring countries and even introduced to Spain and Mexico, gaining some foreign box office success.

Behind this is also Saint-Genèse's promotion. The Argentine film industry is not backward, and he also has many excellent film stories from later generations in his mind. After localization adaptations, through the concentration of excellent editors from various newspapers and media under his command, coupled with the influx of various excellent Argentine directors into Bahía Blanca, rapid cinematization adaptations are carried out. Then, excellent young actors are selected to start filming, allowing Bahía Blanca's film industry to rapidly usher in great development, directly prospering and becoming Argentina's largest film center in one step.

The Bahía Blanca City Hall also saw the huge opportunity in this and took advantage of the situation to open a huge film and television creation base for the development of Spanish-language films. The county of Joyink—Puente Town, located in the suburbs, has various terrains and landforms, and the transportation is relatively convenient. A super-large film and television industrial park with a scale of 7,000 acres has been established here. Suddenly, dozens of film creation companies have poured in, including Sofia Film Company under the Cohen Consortium and the Bahía Blanca State-Owned Film Studio.

In addition to movies, various media newspapers, radio stations, and records also influence Argentinians. The influence of "The Voice of Bahía Blanca", "The Pampas People", "Bahía Blanca Daily", "Business Daily", and others are also gradually expanding, attracting many Argentinians with rich and exciting content and documentary reports. Record releases have even reached countries such as Paraguay, Uruguay, Bolivia, and Chile.

Bahía Blanca has therefore become an important cultural center in Argentina, and the term Renaissance is circulating in Argentina.

Moreover, the Argentine Central Bank's printing press has not been turned on, which has allowed the existing currency in the market to flow into Bahía Blanca, also indirectly promoting the rise of the local stock market and real estate market, directly allowing La Pampa Province's economy to grow at a super-fast speed.

The relative devaluation of the currency allows Bahía Blanca's foreign trade companies to cheaply produce various industrial products for export, earning a large amount of foreign exchange, especially U.S. dollars, francs, pounds, and German marks, which can be deposited in banks to stabilize exchange rates. At least, this is a very profitable business.

In the process of economic development in Bahía Blanca, it is extremely common to have only one day off per week or even two days off per month. Even civil servant positions often have to work overtime due to busy work.

Saint-Genèse is a person who cannot be idle. He is full of energy and contributes all his strength to the development of the four to five million people in La Pampa Province, and he also has to consider the problems of the entire Argentina. This also makes Saint-Genèse more capitalist than the capitalists. Therefore, ambitious and capable people within the Cohen Consortium do not dare to come forward and only dare to lie dormant secretly.

Of course, Saint-Genèse does not retain those who are truly capable and willing to start their own businesses. He even uses the Cohen Foundation to operate as an angel investor.

For Saint-Genèse, letting these talents out to fight in the market may nurture big fish. There are too few talents in this pond, so it will not develop very well.

In the eyes of many people in the Cohen Consortium, Saint-Genèse is very mysterious, and his actions are both planned and "extremely lucky." The things he proposes inevitably succeed, although there are times when he miscalculates, but he can quickly recover.

At the beginning, Cohen Consortium's management of Bahía Blanca also made people feel that the Cohen Consortium would inevitably move towards failure and mediocrity. Many company executives opposed it, but Saint-Genèse still withstood the pressure and moved the core of several major companies out of the three major cities of Buenos Aires, Córdoba, and San Martín.

Later, a series of actions against the Cohen Consortium did occur. The Ministry of Defense attacked Cohen Consortium's core Rheinmetall Armored Vehicles, and its Argentine Diesel Engine Factory was sabotaged, equipment was destroyed, and it had to be closed down in the end.

The military diesel engines, marine diesel engines, and truck diesel engines developed by the Argentine Diesel Engine Factory were innovated on the basis of imitating British diesel engines. It was Saint-Genèse's most proud and pioneering factory, and later it regained opportunities in Bahía Blanca.

The equipment of La Plata Three Seas Shipyards was also detained, several factories in Córdoba were suppressed, and other factories such as Blue Cloud Group, Prallier Food, and La Plata Steel were also targeted, and their operations faced great difficulties. Moreover, the forces that protected Saint-Genèse also mostly declined, and San Martín City was also pressured by Córdoba, and many Cohen Consortium factories suffered heavy losses as a result.

During that period, the Cohen Consortium sold, and even was forced to sell many factories at low prices. The three major factories of Blue Cloud Textile in Buenos Aires were sold for 500,000 U.S. dollars, while the investment in factory construction alone was 5 million U.S. dollars, and the annual profit was as high as 2 million U.S. dollars. This was also one of the reasons why Blue Cloud Textile was eager to go public and was later targeted.

The Argentine Diesel Engine Factory, which had huge construction investment, was also nationalized, and Saint-Genèse could only rebuild it in Bahía Blanca and newly established the Bahía Blanca Diesel Engine Factory, which was later upgraded to Bahía Blanca Diesel Power Company.

Bahía Blanca Diesel Engine Factory established deep cooperation with Bahía Blanca Shipyard, New Cohen Heavy Industry, and Philippe Industries, and has good performance in medium and large ships, trucks, and light infantry fighting vehicles, introducing more advanced equipment and becoming one of the important representative factories of Argentina's industrialization.

In general, Saint-Genèse's losses in Buenos Aires were not too great, and those financial assets such as banks were not dared to be touched by those people. The headquarters of Barron Bank directly carried out a large-scale relocation in place, so the loss was very small. The real core assets of Barron Bank are the branches and outlets in each city.

Bahía Blanca rapidly expanded from a small city to a super city, and most of the Cohen Consortium's funds were transferred here, catalyzing Bahía Blanca's economy, thus preserving most of the foundation and redeveloping. It can be said that there were many twists and turns, and it also got on Belgrano's line, regaining support in the Navy and Army.

During the period when the Cohen Consortium was targeted, many core personnel of the Cohen system were bought off and left the Cohen Consortium. Saint-Genèse was not annoyed, and vigorously promoted young people, allowing the Cohen Consortium to carry out strategic contraction, and developed foreign trade, introduced new equipment and new technologies, built new factories, and lay dormant. After the new president took office, foreign capital entered, and then the national market was re-opened.

Fortunately, the entire La Pampa Province's finances are becoming more and more affluent, and civil servant positions can also obtain sufficiently high salaries and good treatment, so many talents have also entered the system, allowing the entire province to have enough excellent talents.

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