This may seem like a random post on a site dealing almost exclusively with New Mexico politics and policy, but with the election of the free market-oriented Javier Milei as Argentina’s next president, we will see if a formerly great South American nation that sadly pursued socialist policies for decades, can pull out of its tail spin.
It is a nation that RGF president Paul Gessing spent four months from March to June of 2001 living in and working as a fellow with a libertarian/free market think tank.
Argentina was one of the 10 wealthiest nations on earth in 1900, but quasi-socialistic/fascistic Peronist policies embraced in the post-war years led the nation to poverty. In fact, after my departure from Argentina in 2001, the nation suffered a default in which it devalued its currency.
Is Milei a mere “blip” on the radar or will he be able to help his nation pull out of its death spiral? No one knows. But there ARE lessons for even a state like New Mexico which has been poorly governed for much of the past century.