Noesdeayer
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- Apr 1, 2014
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In most of L.A. there seems to have been a belief that capitalist economies or capitalist policies don't work well at lifting the bottom of society up.Most (with the notable exception of Chile) have not wanted a trickle-down approach that leads to great access for the highly educated,for those who are internationally mobile,who can learn from and tap into the sources of wealth in the developed countries,but,rather, a bottom up approach that starts with delivering the goods to people and providing them with the resources they need to live better but from the "get go",so to speak.In my view this would be true for Brazil and for Argentina as well but in different and distinct ways.Real personal growth is an absolute imperative for any people anywhere to provide an economic system with the necessary "buy-in" or personal commitment for that system to be successful whether it be free market or state directed.Moreover,the system must provide enough "ladders" or channels thru and by which people could lead themselves out of poverty into a middle income level or the opportunities that a good free-market of incentives could provide.Free market policies need time to become effective and in most countries the poor could not,and would not wait that long.I believe that In Brazil with Cardoso and then Lula this bottom up approach was notably successful in achieving the "buy-in" of a majority of the population and I don't believe that they will lose it because as we known their democratic institutions are maturing and functioning well.In Argentina the bottom up used was Peronism which got a big "buy-in" basically from most of the lower and some of the middle income groups but,due to its protectionist economics,did not and still has not delivered on the necessary growth either national or personal and for that reason it hasn't proven itself to be genuinely economically viable.Any comments?