Economic conditions in Argentina were exceptionally horrible before Milei, and now they are... ordinarily bad. It looks like progress! Alas, I'm always a bit s

Economic conditions in Argentina were exceptionally horrible before Milei, and now they are... ordinarily bad. It looks like progress! Alas, I'm always a bit skeptical of any piece published by the Cato Institute, because it is not exactly an impartial source. The Cato Institute always advocates for lower taxes, less government, fewer business regulations, fewer consumer protections, and fewer restrictions on personal behavior. Always, regardless of the specifics. When it comes to economic policies, I prefer to see pragmatism over ideology. If something works, do it; if it stops working, stop doing it. In the words of Lee Kuan Yew, who led the transformation of Singapore from one of the poorest to one of the wealthiest societies on earth: > My life is not guided by philosophy or theories. I get things done and leave others to extract the principles from my successful solutions. I do not work on a theory. Instead, I ask: what will make this work? If, after a series of solutions, I find that a certain approach worked, then I try to find out what was the principle behind the solution. So Plato, Aristotle, Socrates, I am not guided by them…I am interested in what works…Presented with the difficulty or major problem or an assortment of conflicting facts, I review what alternatives I have if my proposed solution does not work. I choose a solution which offers a higher probability of success, but if it fails, I have some other way. Never a dead end. > We were not ideologues. We did not believe in theories as such. A theory is an attractive proposition intellectually. What we faced was a real problem of human beings looking for work, to be paid, to buy their food, their clothes, their homes, and to bring their children up…I had read the theories and maybe half believed in them. > But we were sufficiently practical and pragmatic enough not to be cluttered up and inhibited by theories. If a thing works, let us work it, and that eventually evolved into the kind of economy that we have today. Our test was: does it work? Does it bring benefits to the people?…The prevailing theory then was that multinationals were exploiters of cheap labor and cheap raw materials and would suck a country dry…Nobody else wanted to exploit the labor. So why not, if they want to exploit our labor? They are welcome to it…. We were learning how to do a job from them, which we would never have learnt… We were part of the process that disproved the theory of the development economics school, that this was exploitation. We were in no position to be fussy about high-minded principles. Source: https://www.amazon.com/gp/product/0262019124 https://www.amazon.com/gp/product/0262019124 --- Note: I'm not sure why the OP is flagged. It meets HN criteria.