Argentina’s Left-Wing President Is Deepening the COVID-19 Recession

[MilHojas]

Argentina’s Left-Wing President Is Deepening the COVID-19 Recession | National Review

President Alberto Fernández is trying to solve the problem of big government with more government.

www.nationalreview.com

 

[Renzi]

The author wrote basically the exact same article for the NR a couple of months ago, and like the first one, doesn't offer a solution, or even pretend to try. She's basocally regurgitating the same free-market orthodoxy that her Koch brothers-funded think tank repeats over and over.

 

[camberiu]

The author wrote basically the exact same article for the NR a couple of months ago, and like the first one, doesn't offer a solution, or even pretend to try. She's basocally regurgitating the same free-market orthodoxy that her Koch brothers-funded think tank repeats over and over.

It seems that anything short of 1930s fascist labor laws, extremely complex tax codes, closed economy, price controls and massive budget deficits being covered by money printing is the equivalent of Koch Brother's free-market orthodoxy.
Do you know who used to subscribe to that too? Bolsonaro and Lula, back when they were allies denouncing the privatization of the Brazilian state owned sausage manufacturing company as "bending to the washington consensus".

Obviously even the Danish prime minister must be a lackey of Goldman Sachs

 

[Redpossum]

The author wrote basically the exact same article for the NR a couple of months ago, and like the first one, doesn't offer a solution, or even pretend to try. She's basocally regurgitating the same free-market orthodoxy that her Koch brothers-funded think tank repeats over and over.

This was actually posted on Youtube 9 years ago, but it's still relevant

 

[UK Man]

It would still have been a disaster without Covid.. They must be loving the virus as it gives them an excuse to fool the gullible.

 

[Renzi]

It seems that anything short of 1930s fascist labor laws, extremely complex tax codes, closed economy, price controls and massive budget deficits being covered by money printing is the equivalent of Koch Brother's free-market orthodoxy.
Do you know who used to subscribe to that too? Bolsonaro and Lula, back when they were allies denouncing the privatization of the Brazilian state owned sausage manufacturing company as "bending to the washington consensus".

Obviously even the Danish prime minister must be a lackey of Goldman Sachs

No, there's a difference between the Keynesian model and Friedman model, and only one has actually been shown to grow economies. What most people call "socialism" these days is much closer to Keynesianism than it is actual socialism. The hybrid of free-markets with a welfare state is what has given most Western countries (like Denmark) their higher standard of living. Regarding the Danish prime minister, anyone over 50 in Europe most likely sees socialism as synonymous with the Soviet Union, and that's clealry not what we're talking about.

Also you mentioned deficits, so maybe you can explain why the neoliberal model has kept the US in a perpetual deficit (save for a brief period in the late 90s) and led to two major recessions since this approach was first adopted by Reagan. If the US can't make it work, why would it work in a much poorer country with a dysfuntional political system like Argentina?

 

[camberiu]

No, there's a difference between the Keynesian model and Friedman model, and only one has actually been shown to grow economies.

What does the fact that it takes 5 months to open a business here and that this country has one of the most complicated tax codes in the world has to do with either? When did Keynes ever advocated for bureaucracy, crazy tax laws, protectionism and price controls? I must have missed that chapter.
And yet, anyone who dares to question any of these things is labeled as a spawn of the Goldman Sachs.

The hybrid of free-markets with a welfare state is what has given most Western countries (like Denmark) their higher standard of living.

Please show and tell where is the free-market part of the Argentine adopted hybrid model. Where does having one of the most complex tax legislations in the world fit on this "hybrid model"? Where does having one of the worst labor laws system in the world fit on that "hybrid model"? Did you know that Denmark does not even have an official minimum wage? No, I am not advocating that an neither is anyone else. It is just a reminder of how extreme the labor laws in Argentina are compared with most of the world. And for what? Incomes and employment keep going down.

If the US can't make it work, why would it work in a much poorer country with a dysfunctional political system like Argentina?

The US can't make it work because it has a massive military-industrial complex that sucks up a lot of the resources, and Reagan greatly helped on that front. What is Argentina's excuse?
I find it just funny that anyone who dares to question the absurdity of the current status quo of out of control protectionism, crazy bureaucracy and the lack of any remote resemblance of fiscal discipline/accountability, like the author of the article, is automatically labelled as being a troll for the Koch Brothers. Calling everyone that you disagree with a heretic is quite the way to end any discussion/debate before it even starts.

 

[antipodean]

Argentina follows no model or paradigm. At times it resembles one or the other but then it fails to fully embrace the model.
It is always creating its own "exceptions" because its leaders lack professional and political discipline and just think of either short term personal enrichment of themselves or their "sponsors" or political gain, usually, in a very shrewd manner.

For this reason it is doomed to fail time and again and a popularist president like the current is guilty of wanting his cake and eating it too without having the money to actually buy the cake in the first place, and having more people to share the cake with than cake to share.

 

[Fiscal]

The author wrote basically the exact same article for the NR a couple of months ago, and like the first one, doesn't offer a solution, or even pretend to try. She's basocally regurgitating the same free-market orthodoxy that her Koch brothers-funded think tank repeats over and over.

The national review is trash, but is she supposed to offer a solution? It's a descriptive article.

 

[Renzi]

What does the fact that it takes 5 months to open a business here and that this country has one of the most complicated tax codes in the world has to do with either? When did Keynes ever advocated for bureaucracy, crazy tax laws, protectionism and price controls? I must have missed that chapter.
And yet, anyone who dares to question any of these things is labeled as a spawn of the Goldman Sachs.


Please show and tell where is the free-market part of the Argentine adopted hybrid model. Where does having one of the most complex tax legislations in the world fit on this "hybrid model"? Where does having one of the worst labor laws system in the world fit on that "hybrid model"? Did you know that Denmark does not even have an official minimum wage? No, I am not advocating that an neither is anyone else. It is just a reminder of how extreme the labor laws in Argentina are compared with most of the world. And for what? Incomes and employment keep going down.


The US can't make it work because it has a massive military-industrial complex that sucks up a lot of the resources, and Reagan greatly helped on that front. What is Argentina's excuse?
I find it just funny that anyone who dares to question the absurdity of the current status quo of out of control protectionism, crazy bureaucracy and the lack of any remote resemblance of fiscal discipline/accountability, like the author of the article, is automatically labelled as being a troll for the Koch Brothers. Calling everyone that you disagree with a heretic is quite the way to end any discussion/debate before it even starts.

I wasn't slandering her, I was describing her views accurately as well as orientation and funding source of the think thank she works for. How seriously would you take a cancer study funded by Phillip Morris?

Everyone on the payroll at the Hoover Institution and their affiliates like Atlas (who employs the author) repeats the same thing and they have for decades, regardless of the context, be it Argentina, the US, or wherever. They view any state involvment in the economy as too much, and in fact, they are very open about advocating for an end the minimum wage in the US.