This comes from a friend of ACC who knows better than almost anyone the folly and tragedy of a cronyist political system. Alejandro Chafuen is an Argentine.
Argentina, few Americans know, once had a higher standard of living than the US. It was a place to do business. It was a rising power. But what happened?
Crony capitalism, aka in Argentina, Peronism.
When people mention “Argentina” in negative terms, they are not referencing the country that, from 1853 to the 1940s, experienced record development. This period of growth began with the adoption of a constitution that respected life, liberty and the pursuit of happiness and established strong protections to private property. Thanks to this constitution, Argentina attracted scores of immigrants from Europe. Despite harboring many contradictions and weaknesses, that era is often remembered as the “Argentine miracle.”
The beginning of Argentina’s decay is rightly associated with the rise of Juan Domingo Perón (1895-1974). Perón became a leading political figure and president from 1946 until 1955, after a 30 year career in the military. In a previous Forbes article I described how he implemented many of the policies of Fascist Italy in Argentina. At his side, Perón had his charismatic wife, Evita Perón (1919-1952). Both Juan Domingo Perón and Evita are still widely revered in Argentina. If friends of liberty are concerned about the Argentinization of the United States, they should look closely at the doctrines and actions of Juan Domingo and Evita Perón. What, if anything, do Donald Trump and Hillary Clinton have in common with the Perón’s personalities and policies?