WSJ article https://online.wsj.com/article/SB10001424052702304432704577347801235907294.html
Critics and industry officials say government policies such as high taxes, price caps on home energy rates and unpredictable rule changes like a suspension of tax breaks on production spending have discouraged investment.
Ever since declaring a default of its foreign debt in 2001, Argentina has been considered something of a renegade nation by the international financial community. But analysts say that Mrs. Kirchner's oil nationalization takes state economic dominance to a new level. "We've shown that state projects can be managed well too," she said in response to critics who have claimed the government doesn't have the technical expertise or the money to run YPF.
The nationalization fits with recent interventionist moves since Mrs. Kirchner's re-election last October, when she has imposed new capital controls and tightened restrictions on imports. She has also struck a more nationalist tenor in diplomatic relations, reviving Argentina's long dormant claim for the Falkland Islands from the U.K.