What's Happening In Argentina?
Mauricio Macri, the Argentine president, is doing practically and theoretically everything wrong, and because of this the Argentine right-wing suffers due to the aggravating crisis in which the southern country has plunged. It is true that President Macri had received a country with a serious crisis and delicate economic problems thanks to the terrible Kirchner government, however, this does not mean that his government could have fixed the situation and yet it has only worsened it.
The incompetence of the Argentine government is alarming for several reasons, Argentina spends money in absurd amounts, it is the country with the highest fiscal pressure in the world, which is illogical considering that the government of Mauricio Macri should be of the Right... However, the actions and measures that he has taken during his mandate are far from being decisions that a true right-wing government would make, the size of the government, the abortion debate, the spectacular amount of taxes that Argentina has in excess of 100, added to the failure to rectify and maintain an economic program that has never worked in the history of the country make Mauricio Macri's administration disastrous.
The gradualist model applied in Argentina, has never worked in the history of the country and this is demonstrated by empirical evidence, this is a point very criticized especially by economists of the Austrian School of Economics who are totally against this model, the Argentine economy, totally dominated by Keynesians who apply the gradualist model have blown up the economic disaster and the responses of the Argentine government remains especially worrying, do not rectify, the problems that arise thanks to the immense size of the state try to fix them by increasing the size of the state.
Instead of cutting public spending, they increase it. Instead of looking for investments and lowering taxes, they increase them. Instead of firing the really guilty economists, they reward them in one way or another and fire the most "decent", the incompetence and protectionism of Macri's government is impressive, they act like parasites that only want to maintain economic power and control in order to continue obtaining economic benefits.
Argentina had two options, to devalue or lower public spending, which translates into less government power... They chose to devalue, the parasites we elegantly call politicians never leave their privileges and prefer the private sector to pay for their mistakes... Pathetic "right" government that has practically nothing from the right... Only the name and this is regrettable considering how important reputation is in the "Politics Game", thank you for reading. Peace.
| # | References |
|---|---|
| 1 | Diego Giacomini |
| 2 | Javier Milei |
Posted from my blog with SteemPress : http://daniscib.vornix.blog/2018/10/08/whats-happening-in-argentina/
While I do agree with your condemnation of Macri, I would respectfully disagree that "Macri had received a country with a serious crisis and delicate economic problems thanks to the terrible Kirchner government".
As a Yanqui resident here in Argentina for the last 5 years or so, I actually think Cristina was a good Presidenta, and I must politely insist that she actually left the economy in fairly good shape. Certainly it was far more healthy than it is now. And Cristina paid down foreign debt consistently year by year, while taking on no new foreign debt. That alone is an achievement, given Argentina's history.
The Kirchner were the worst government in the history of the country, that if we take into consideration the evidence, of course.
Still, Macri is a terrible president, he is a coward and keynesian who had the opportunity to show to all the Argentines what is the difference between the Left and the Right.
So, we are on disagree on that point. Still, thanks for your comment and sharing your thoughts. Peace.
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