Argentina is a good example of how much government can screw up a country. The anti-capitalism regime is not attractive for new investment, local or foreign, an

Argentina is a good example of how much government can screw up a country. The anti-capitalism regime is not attractive for new investment, local or foreign, and existing capital flees the country. I live in the region and see it with my own eyes. Protectionism is bad. The reason it's still here is that individual politicians and rent seekers can still benefit at the expense of the rest of society. Protecting local industry until it is globally competitive is not a good idea and not without costs. Economists have known about this for centuries. Look at the work of David Ricardo. Do you think Ricardo is wrong, since you don't think protectionism is bad?