I was chatting with my economist friend about this thread. He said something interesting. "You mean expats in Buenos Aires, South America's second worst economy, are advocating socialism? Are they blind?"
It is a good question. We live here. We walk out our doors and see the poverty and the homelessness. We see the 40% inflation, the unemployment, the currency devaluations, the 60% interest rate on the Leliq, the world's biggest sovereign debt default, the daily protests, the corruption. I have been here 6 months. Not one single Argentine I have spoken with expresses satisfaction about the economy. This is all due to Argentina's strong historical socialist leanings.
Contrast that with the US, a capitalist country. The dollar is one of the strongest currencies in the world. Interest rates are the lowest in a generation. Inflation is negligible. Unemployment hovers around 3.5%. Growth is amazing for a huge economy. Auto sales have touched 17 million units 5 years in a row. $4 a gallon gas hasn't dented consumption. We can't even fight a decent trade war with China, because Americans have so much cash, they keep buying tons of Chinese goods. Capitalist America is thriving.
We expats in Argentina live a good life. We take our taxis, eat our steaks, hire our maids twice per week. Why? Because the dollar is strong against the Argentine peso. Currency exchange rates are the result of two countries, not one. Compare the trajectory of the Turkish lira to the Argentine peso if you want proof.
How can anyone who lives in Argentina, where the economic misery is so apparent, want to transport that socialist system to arguably the world's healthiest capitalist economy? Are you all blind?