Argentina in its Labyrinth

MilHojas said:
An interview with Claudio Katz, a professor of economics at the UBA.

jacobinmag.com

Argentina in its Labyrinth

Argentina's looming economic crisis is the result of extreme neoliberal policy: as implemented by the military dictatorship, the IMF, and current president Mauricio Macri.
jacobinmag.com jacobinmag.com
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Any report giving rise to an academic exhibition laden with Marxist ideology is as sterile and unnecessary as another lecture or paper influenced by locked neoliberal ideas. One line of thought or the other do not expect to educate or inform, but to convert/transform the thought of those who do not have the appropriate information to understand macroeconomics. Both are in the need to take isolated data and provide accommodation for them in such a way that they become useful to expose probable but not possible situations of occurrence, for one flank or for the other. The case of Professor Katz, or of any some neo-liberal counterfigure like Professor Sturzenegger, are extremes that cannot be seriously taken into account. Professor Katz has never held executive positions of any operational nature in companies or government, while Professor Sturzeneger was in charge of the Central Bank of Argentina and his work left much to be desired, since he applied a strict non pragmatic academic thinking in a world where the dynamics in real life deeply differ from the lethargic academic analysis. The same thing happened with Minister Kicillof, who aggravated the already very committed economy of Cristina Kirchner. Scholars may be paid attention to, but not blinded believe that everything they say is accurate or the word of God, and far less applicable to reality. Scholars – with few exceptions – does not qualify to take executive decisions. More valuable, for instance, is the clear explanation of the mechanism used for International Financial transfers, explained in this page. All extremes are bad, and the great debt of capitalism in democracy residues that it has not found a way to distribute the resources that the economy generates in a fair and balanced way. Ideologies in the real world are sterile.
 
George Zepol said:
Any report giving rise to an academic exhibition laden with Marxist ideology is as sterile and unnecessary as another lecture or paper influenced by locked neoliberal ideas. One line of thought or the other do not expect to educate or inform, but to convert/transform the thought of those who do not have the appropriate information to understand macroeconomics. Both are in the need to take isolated data and provide accommodation for them in such a way that they become useful to expose probable but not possible situations of occurrence, for one flank or for the other. The case of Professor Katz, or of any some neo-liberal counterfigure like Professor Sturzenegger, are extremes that cannot be seriously taken into account. Professor Katz has never held executive positions of any operational nature in companies or government, while Professor Sturzeneger was in charge of the Central Bank of Argentina and his work left much to be desired, since he applied a strict non pragmatic academic thinking in a world where the dynamics in real life deeply differ from the lethargic academic analysis. The same thing happened with Minister Kicillof, who aggravated the already very committed economy of Cristina Kirchner. Scholars may be paid attention to, but not blinded believe that everything they say is accurate or the word of God, and far less applicable to reality. Scholars – with few exceptions – does not qualify to take executive decisions. More valuable, for instance, is the clear explanation of the mechanism used for International Financial transfers, explained in this page. All extremes are bad, and the great debt of capitalism in democracy residues that it has not found a way to distribute the resources that the economy generates in a fair and balanced way. Ideologies in the real world are sterile.
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I am in complete agreement. When it comes to business/finance, those who can,do. Those who can't, teach.

The ultimate verdict on the Cristina reign of terror should be the economic situation she left Argentinians. Right now, Argentina is defending itself against more claims in the ICSID than any other country in the world, more than even Venezuela. Thus far, Argentina has lost every single international economic dispute based on rule of law, for decisions taken during the Kirchner regime. Those disputes will likely cost Argentina a collective billion dollars or more.

As George Zepol says, you don't need an academic theorist to render verdict on an economic policy. A more reliable source is a set of open eyes.
 
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