If one wants to see a case study of what crony capitalism can do to a naturally prosperous country, look to Argentina.
(From The New York Times)
A federal judge asked Argentina’s Senate on Thursday to allow the arrest of Cristina Fernández de Kirchner, the former president, on treason and other charges relating to Iran’s possible involvement in the unsolved 1994 bombing of a Jewish community center in Buenos Aires, which killed 85 people.
The request — made as part of a criminal case — added drama and uncertainty to the legal troubles that have engulfed Mrs. Kirchner, who was in office from 2007 to 2015 and is set to begin a term as a senator on Sunday. She also faces unrelated charges in several corruption investigations.