One morning in October, Luciano Galfione walked through his family’s textile factory in Buenos Aires, a cavernous warehouse where some of the more than 100 employees spin, knit, and dye synthetic fabrics for sportswear. Once a symbol of Argentina’s thriving industrial base, the factory now operates at a fraction of its capacity.
“We grew for decades and invested in world-class machinery,” Galfione told Rest of World. “Today those plants are museums, with six of every 10 machines…

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