Argentina’s crisis shows the limits of technocracy

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Mauricio Macri appointed a team of brilliant technocrats, then the government ran into trouble

beat them, join them. That seems to be Mauricio Macri’s response to his crushing defeat in presidential primary elections on August 11th. He won 32% of the vote against the 48% secured by the Peronist slate of Alberto Fernández and Cristina Fernández , a populist former president. At first Mr Macri blamed the outcome on the voters for “believing that returning to the past is an alternative”, a scolding for which he later apologised.

One hypothesis is that he erred in trying to stabilise the economy gradually. That decision was political: the hope was that growth would cushion the blow of cuts and big rises in the cost of electricity and transport as Ms Fernández’s huge subsidies were withdrawn. It meant that the government had to finance a still-large deficit, mainly through debt.

 

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The economist plantea los límites de un gobierno de tecnócratas. Bueno, se equivocan x q aqui se trata de rufianes, inoperantes, incapaces y corruptos a último grado que arrasaron todo para hacer negocios y enriquecer todavía más a sus allegados. De tecnócratas nada.

Sorry but Macri’s Goverment was light-years far from being a technocracy.

KOTAstewart

All wrong for President failed Macri

alllibertynews No. It shows the limits of collectivism.

This is what went wrong.

alllibertynews What technocracy? What I'm hearing is a complete sugarcoating to the political necrophilia in Argentina. Go ask JMilei and GiacoDiego

Did direct online democracy go forward for the people?

It’s sad. He showed real promise... I really liked Macri.

Messi crashed out of FIFAWorldCup ?

Quite simplistic. It is more complicated than that.

Macri finally did the things he questioned about his opponents. I changed what was right and repeated what was wrong

'then'

Argentina is a perfect example that once socialists ruin a country, it is difficult to reverse the damage. An exception was Margaret Thatcher who reversed Britain's 30-year long decline through 'Reaganomics'. But giants like her are extremely rare.

The best team of the last 50 years.. 🤣

Macri is dead 👎🏻

Los asesoro Videgaray y Meade

That it is not accurate, at all, there has never been a Minister of Economic Policy nor real Macroeconomic expertize in Macri's administration. No his paying the price of his own lack of responsibility.

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