November 4, 2012

U.S. Could Learn from Argentina's Mistakes

Jay Hallen, City Journal

AP Photo

The opening decade of the twenty-first century has seen a slow but distinct decline in American capitalism. Economic policy has become increasingly overrun by central planning, redistribution, and government picking of industrial winners and losers. Beginning about half a century ago, those elements helped sink another free-market powerhouse—Argentina. While Barack Obama is no Juan Perón, the president’s misguided policies threaten to squander our economic advantages, just as Perón’s did in Argentina.

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TAGGED: Latin America, Barack Obama, Argentina, United States

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