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...the US is the very curious case of a superpower attempting to become a third world country... The really sad part... Argentina already went down this path w
by alistairSH 1y ago
...the US is the very curious case of a superpower attempting to become a third world country...
The really sad part... Argentina already went down this path with Peronism. They weren't a super-power, but they were economically very successful. And then they weren't.
- js8 1y agoCan you support this claim? From cursory reading (and looking at GDP per capita), the failure was of neoliberal policies (which caused several massive crises), not peronism.
- alistairSH 1y agoAspects of Peronism likely contributed to Argentina's fall. Authoritarianism led to political instability and frequent coups. Trade barriers prevented the nation from taking advantage of global trade. Spending on welfare and price subsidies accelerated inflation.