notebook.fix
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Colin wrote: "But Kirchnerism is fighting against the unions, assisting businesses in their productivity investments and reducing sovereign risk through low debt — all recommendations by Rodrik. Protectionism is a necessary trade-off to building a solid industrial base from which a country can begin to innovate from".
"And it’s still a true democracy, where a guy like Massa can mobilize a coalition to counterbalance Cristina. Where Macri has an opportunity to offer his own vision. Cristina is insular, but that’s only because of her overwhelming success: If the opposition want her to change, start winning elections. With the recent wave of support for Massa and others, Kirchnerists have softened their stance on many policies — they’re listening, just as you would expect a party with a strong majority that needs to tweak its stances to keep it’s power in the future. And if they’re unsuccessful in listening to the people, they’ll lose footing: See 3 weeks ago.. It’s been ugly, but post-2001 Argentina has been democratically resilient, despite it being hard to imagine a worse crisis of confidence to strike a country."
"Then there’s more curious claims, like ‘prices are rising faster than wages and that fewer jobs are available’. Wages in Argentina are out-pacing even the private estimates for inflation. Unemployment in Argentina is steady at 7.3%. Foreign investment grew 27% in 2012 and is continuing this trajectory 2013 — even a company nationalized a year agomanaged to finance a billion dollar project, much to the dismay of commentators. I don’t think anyone is arguing Argentina is on the path to becoming an dynamic economic powerhouse, but if you’re going to make bold claims about impending doom, it’s important to get your facts straight."
WTfunky? Nothing more than another 'Chardonay socialist' espousing economic idealism & failed theories. Too thick on INDEC concepts & too thin on the practical. Bianca was on target. On ya Bianca!