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Reflections on India, useful for Argentines

INFOBAE - You have to be extremely careful with stereotypes since there is a mania of grouping everyone who lives within certain geographic borders and treating them as if there were no differences. In the case that concerns us, the misunderstanding is further aggravated because fourteen main languages ​​and two hundred secondary languages ​​coexist in India, three basic religions - Buddhism, Muslims and Hinduism, which, in turn, is subdivided into monotheists, polytheists and pantheists - at the same time that the ethnic groups and their ramifications are many in their one thousand one hundred million inhabitants.

As is known, Western culture was born with values ​​and ethical principles in ancient Greece to which the Roman legal concept and English common law were annexed with milestones and reference points supported by freedom to which, in an evolutionary and of discovery, different liberal thinkers from very different latitudes contributed. The application of this conceptual scaffolding resulted in a marvelous and remarkable progress, including the radical improvement in the living conditions of the masses. But here we are that with the passage of time, there are not a few who forgot or denied their origin and considered that progress is automatic, which means that priorities were altered and all the attention was focused on the material and left aside the guiding principles of the spirit. Thus, the compass was largely lost and the West sold its soul.

On the other hand, in the place (subcontinent) that we have called India since time immemorial, many are those who cultivate the spirit, give priority to inner peace, the search for meaning and contact with the transcendent, but unfortunately, to a large extent, they have been indifferent to social systems that allow reciprocal respect and, ultimately, those that give room to the inner life not only because of the possibility of attending to the bodily needs but also the space for contemplative life and meditation without frights or anguish everyday. The correlation between spiritual life and material progress is what characterized the West, the split of both aspects hinders the free development of people. The important thing is to understand and always keep in mind that everything depends on values ​​and principles.

In any case, the first characteristic referred to regarding the concern and occupation with the food of the soul has attracted and draws the attention of not a few Westerners, some with seriousness and responsibility, others for surface tourist snobbery - who only know about the Taj Mahal , that cows are sacred and that there are those who bathe in the Ganges with the idea of ​​purifying themselves - and also those who call for the need to renounce everything material as a shell to rant against the Western way of life about which never they understood its philosophical foundations and thus sponsor various modes of collectivism and socialism. Now there are some demonstrations that react against this cave climate.

In India, heavily authoritarian and bureaucratic systems take place (remember that a bureaucrat is "one who finds a problem with every solution") and they were based on its close connection with the Soviet Union since its independence as an English colony (until the collapse of the Wall of Shame) and the influence of the Fabian Society, especially Harold Laski and the Poles Oskar Lange and Michael Kalecki with the logistical support of millionaire sums provided by international organizations financed mainly by American taxpayers, all of which has made that land will be populated with beggars, extreme misery, unheard of illiteracy and dreadful pests.

Since always, and certainly before the emergence of the East India Company -with its monopolies and privileges granted by the English crown-, the caste system made impossible the much-needed rise and fall in the social pyramid. This is precisely what caught the attention of Alexis de Tocqueville, who left a hundred pages with critical annotations for his projected third book that, due to his premature death from tuberculosis, unfortunately he could never execute on that millennial country.

In the last decade there have been some timid openings that give spaces in the middle of the suffocating structure imposed by the always thirsty Leviathan installed in New Delhi that manages the twenty-eight states at will with the appearance of a bicameral parliamentary system influenced by the Englishmen in their long forced stay, which is fueled by the underground economy which, especially in the area of ​​services, gives hope for the future and has enabled some marked achievements in the present. This openness is mainly due to the work of seven renowned economists: Bellikoth Shenoy and his daughter Sudha Shenoy, Peter Bauer, Milton Friedman, Mahesh Bhatt, Deepak Lal and Sauvik Chakraverti. The latter author, in his preface to the Indian edition of Samuel Smiles's work (Self-Help) writes in 2001 from New Delhi: “This book was written in 1840 by a man who argued that the greatest of philanthropy lies in educating people how to make efforts themselves to improve their condition […], we realize that free trade and not state controls are the way to prosperity, especially for the poor […] This book constitutes a clear demolition of the thesis that the Third World will not develop without state education […], state education (which is propaganda, damaging to the mind) and a closed economy - Amartya Sen's advice - is a recipe for disaster.

What has been said above confirms that there are famous philosophers who have not bothered to study aspects related to coexistence in society, with which they end up condemning precisely the systems that establish the indispensable reciprocal respect and open the doors for material progress for those who want to enjoy it. In this way, also the spiritual wealth itself is amputated since the ignorance of vital issues translates into misery for others since, in fact, they allow the planners of other people's lives to wield all-encompassing power. It is the case of highlighting notable Indian thinkers such as Radhakrishnan, Tagore and Krishnamurti who largely write in the direction of the open society.

The first of the aforementioned authors eloquently points out in "The Spirit of Man" -which appears published together with thirteen other diverse authors in the succulent work Contemporary Indian Philosophy (The Macmillan Company, 1936) - that "the present chaos in the world is it is directly linked to the disorder in our minds […] Modern science has great faith in verifiable facts and tangible results. Everything that cannot be measured and calculated is unreal. The whispers that come from the depths of the soul are discarded as antiscientific fantasies […] To satisfy the destinies of nations they are turned into military machines and human beings are used as tools. Leaders are not content with governing human bodies, they must subdue their minds […] An abnormal moral and mental tension arises when free thought is replaced by servile obedience, moral progress by moral quietism, sense of humanity by arrogance […] The denial of the divine in man results in the disease of the soul […] With a great weight and tired of his loneliness, man is prepared to accept any authority […] The uncertainty between dogmatic faith and unbelief is due to the non-existence of a philosophical tradition or habit of mind ”.

Tagore, who has produced so many valuable essays, writes a novel that constitutes a hymn to the catastrophes of nationalism (The soul and the world) where he says: “They cannot love men as they do men, but they need to cry out and deify his country. Wanting to give our passions a higher place than the truth is a sign of servility. We feel lost as soon as our spirits are truly free. Our dying vitality needs fantasy or some compelling authority. As long as we are refractory to the truth and sensitive only to artificial stimuli, we are, let us know well, incapable of governing ourselves ”.

Krishnamurti, in The First and Last Freedom with a preface by the great Aldous Huxley, argues that “the problem most of us face is whether the individual is a mere instrument of society or whether he is the end of society. Are you and I, as individuals, to be used, directed, educated, controlled, shaped according to a certain mold, by society, by the government, or does society, the State, exist for the individual? Is the individual the end of society, or is he just a puppet to be taught, exploited, sent to the slaughterhouse as an instrument of war? That is the problem that most of us face. That is the problem of the world: that of knowing if the individual is a mere instrument of society, a toy of influences that has to be molded, or if society exists for the individual ”.

Finally, when referring to India, Mahatma Gandhi cannot be ignored, for which there is nothing better than to resort to the revealing and well-documented essay by Arthur Koesler published in the Sunday Times (October 5, 1969) on the occasion of the commemoration of the centenary of the Gandhi's birth. Koestler points out that Gandhi pushed India back due to his xenophobic nationalism, which he illustrated with the insistence on burning foreign genres ("I consider it a sin to wear foreign cloth," he wrote) and fighting industrialization (he noted that "the spinning wheel is the breath of life ”). Koestler concludes that Gandhi "passionately denounced the culture of the West" who with superlative arrogance stated that "India, as so many writers have shown, has nothing to learn from anyone." Likewise, Arthur Koestler remarks that Gandhi undertook it against education so he did not send his own children to study but he himself notes: “All my children have complained about me in this regard. Every time they meet a graduate or postgraduate, or even a student, they seem to feel disadvantaged by not having had a school education ”- all of which did not prevent him from appointing the totalitarian Jawaharlal Nehru who was a Cambridge graduate as his political successor. .

Despite all these contradictions, it is necessary to highlight the enormous contribution of Mahatma Gandhi in terms of peaceful civil resistance, which has been imitated by so many defenders of rights trampled on by state apparatuses, with the exception that Arthur Koestler marks, that is, always and when faced with systems with a remnant of conscience since it is “a noble game that could only be played against an adversary who accepted certain rules of common decency established in a long tradition; in the Soviet Union or Nazi Germany it would amount to mass suicide ”.

Guy Sorman in The Genius of India sums up well the spirit that floats in those mysterious lands where a lot of inner richness coexists in which he underlines "Indian spirituality" in which "the soul points to something more" than what is seen in matter with "a country oppressed by the weight of its bureaucracy."

In summary, regarding the central theme of this note, what is usually considered an enigma in India that seems to want to be deciphered from time to time is nothing more than the wisdom of those who search within their spirit for the comforting light of peace and plenitude, but, as we have emphasized, this in no way can mean the rejection of material progress, much less the imposition of systems that stifle creativity and comfortable life for those who wish to take advantage of it, as long as it is not lost sight of the prevalence of values ​​and principles of decency and consideration for others.

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Un diagnóstico a corto plazo del mercado cambiario

DATA CLAVE - El mercado cambiario suele ser una de las principales preocupaciones económicas en Argentina. Al ser una economía bimonetaria, la demanda por el dólar ha ido creciendo generando tensiones en el tipo de cambio. En la última semana, el BCRA ha vuelto a ser vendedor neto de divisas, cuando en las semanas anteriores venía siendo comprador neto de divisas. No obstante, sólo en enero, el dólar contado con liquidación se devaluó un 7,3%. ¿Implica esto que se acabó el veranito cambiario que se venía viviendo?

En el corto plazo probablemente no, aunque los problemas de fondo continúan latentes y preocupan. Sin embargo, hay tres ventajas para el mercado cambiario en el corto plazo. Esto no quiere decir que los dólares paralelos se quedarán inmóviles, lo más probable es que sigan su tendencia al alza, pero es en el segundo semestre donde hay un mayor riesgo de que una devaluación se acelere. ¿Cuáles son las variables que juegan a favor hoy en el mercado cambiario?

En primer lugar, marzo y abril son meses favorables para el mercado cambiario debido a que ingresan los agro-dólares. En este marco, está jugando a favor los precios de los commodities que se encuentran en niveles elevados y las expectativas son al alza. En el 2021, el valor exportado de la soja, trigo y maíz podrían significar en torno a US$5.500 millones adicionales que vienen muy bien para darle respiro al mercado cambiario. 

Otro punto importante es que aún hay un saldo superavitario a favor de aproximadamente US$4.000 millones correspondientes al ejercicio del 2020. El Intercambio Comercial Argentino publicado por el Indec, revela un superávit de alrededor de US$12.500 millones para el año pasado. Por otro lado, los datos del Balance Cambiario publicados por el BCRA arrojan un superávit de US$8.500 millones. Esta diferencia es lo que explica los US$4.000 millones que aún faltan ingresar. La diferencia entre los datos publicados por el Indec y los del BCRA es que el primero utiliza datos “base devengado” mientras que el BCRA lo hace “base caja”. En otras palabras, el saldo superavitario es de US$12.500 millones, pero sólo se han pagado US$8.500 millones. Esta diferencia se encuentra explicada principalmente por exportaciones que restan liquidar por un monto de US$4.500 millones, mientras que las importaciones que aún restan pagar correspondientes al ejercicio 2020 son de casi US$500 millones. 

Por último, aunque de mucho menor impacto, el BCRA ha logrado fortalecer levemente las reservas de rápida disponibilidad. Éstas eran de US$200 millones hacia finales de diciembre y ahora se encuentran en torno a los US$1.000 millones. Esto quiere decir que en caso de que haya una corrida cambiaria, el gobierno cuenta con este último monto para hacerle frente. Sigue siendo poco, pero puede llegar a ser suficiente para llegar a marzo, mes en que comienzan a ingresar los agro-dólares. Además, a la ANSES todavía le quedan bonos en dólares para vender y podría seguir interviniendo.

Con todo esto, cuesta imaginar que, en el corto plazo, el tipo de cambio tenga una disparada fuerte. Pero tampoco posee herramientas para llegar a octubre necesariamente. La carta final será el desenlace de las negociaciones con el FMI y qué tanta tranquilidad brindará dicho acuerdo o si ingresarán dólares frescos. No obstante, la raíz del problema continúa existiendo: escasa oferta de dólares frente una fuerte demanda de dólares. El mercado cambiario también requiere de recuperar la confianza y el plan económico del gobierno continúa ausente. 

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Análisis de los mercados de Bitcoin

Agustín Etchebarne y Claudio Zuchovicki explicando y analizando el Mercados Bitcoin.

https://www.youtube.com/watch?v=5xFI0GsH7GM&feature=youtu.be&ab_channel=Fundaci%C3%B3nLibertadyProgreso
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Usurpando propiedades, los gobiernos corrompen actividades, arruinan al país y tensan su propia gestión

INFOBAE - ¿Qué sería del futbol si los árbitros prohibieran jugadas de Messi y Cristiano Ronaldo? ¿Mandándoles qué hacer y qué no, durante el partido? Peor aún, si las indicaciones dependieran del puesto en la tabla, amistad o militancia.

Progresamos utilizando habilidades propias para satisfacer necesidades ajenas, que vamos descubriendo comparando resultados. Distintas personas se destacan en campos cada vez más especializados. A unos los denominamos científicos, a otros juristas, maestros; otros son artistas destacados, orfebres. Empresarios se arriesgan ofreciendo nuevos bienes, modos de producir, satisfaciendo y llegando a los compradores, con mil aperturas diferentes. El crecimiento de los ingresos es el milagro de la libertad: cada uno aprovecha las diferencias propias de ser personas, de necesidades y habilidades particulares. ¡Vivan las liberaciones que desnudan diferencias!El crecimiento de los ingresos es el milagro de la libertad: cada uno aprovecha las diferencias propias de ser personas, de necesidades y habilidades particulares

Una red de habilidades, extendida por todo el planeta, sostiene los intercambios voluntarios. Con resultados muy diferentes, dependiendo de restricciones redundantes impuestas en distintos mercados.

El gráfico mide los ingresos promedio de los 192 países del FMI. Una suerte de Campeonato Mundial de los ingresos en 2020.Ingresos en dólaresIngresos en dólares

Asombran las diferencias. Los de Burundi, el país de menos libertades, consiguen 260 dólares anuales. Suiza y Luxemburgo, las naciones con mayores libertades, obtienen 80.000 y 100.000 dólares anuales por habitante. Los argentinos produjeron 8.400 dólares, al tipo de cambio oficial, 32% inferior al promedio mundial. Un país pobre. Lejos de las 20 naciones más ricas, que promediaban ingresos de 54.000 dólares anuales. Messi en la cancha, pero poco hábiles gobernando.

La historia resumida de la Argentina es la siguiente. Hasta 1850 era un desierto, pobre en bienes y libertades. La Organización Nacional, con la Constitución de 1853/60, atrajo a millones de inmigrantes y a los propios argentinos a educarse, producir y disfrutar ingresos crecientes. El censo de 1869 ya contaba 1,8 millones de habitantes, 33% inmigrantes; en 1913, 7,7 millones, con el ingreso más alto del mundo. ¡Desarrollo explosivo! Contrastando, en los últimos 40 años, el poder adquisitivo de los argentinos cayó a un tercio, con la pérdida de libertades individuales. En América Latina, sólo Venezuela perdió más, 90%. El resto de la región creció 13 por ciento.

La Argentina juega el partido equivocado. Los dirigentes entorpecen las actividades creadoras de ingresos, funcionarios soberbios dictan nuevos “ajustes”, todos los días. Mientras la gente progresa desarrollando sus diferentes habilidades, nuestros dirigentes restringen, sorprenden, cambian reglas, premios y castigos. Hacen cuesta arriba producir, planear un futuro para la familia y asociados. En sus intervenciones, los gobernantes usurpan y desplazan las decisiones y propiedades privadas. El progreso mundial de la especialización competitiva de las habilidades individuales de miles de millones de personas es reemplazado con la soberbia incompetencia de las decisiones concentradas en el gobierno.En los últimos 40 años, el poder adquisitivo de los argentinos cayó a un tercio, con la pérdida de libertades individuales. En América Latina, sólo Venezuela perdió más, 90%. El resto de la región creció 13 por ciento

Las aparentes riquezas de la naturaleza no constituyen recursos productivos cuando las intervenciones gubernamentales dificultan contratos entre los posibles interesados, explica el libro “Por un país mas justo y floreciente”. El planeta siempre contuvo los mismos bienes naturales, pero la humanidad fue miserable hasta que, recientemente, liberaron de trabas e iniciaron el descubrimiento: acordar contratos para satisfacer necesidades propias y ajenas mediante intercambios voluntarios. La Pampa Húmeda es obra del clima de negocios, no de la meteorología.

¿Qué son los recursos productivos? Las actividades se hacen productivas acordando prestaciones recíprocas entre los interesados. Trabajan, pagan y cobran. Sin embargo, diariamente comprobamos las ímprobas dificultades para cumplir los contratos. Impuestos, sorpresas normativas, impiden producir, adecuar dotaciones de personal, disponer de propiedades. El Estado mas incumplidor del planeta. Los sucesivos incumplimientos de compromisos y deudas estatales son apenas una muestra. Firman con las mejores intenciones hasta que encuentran razones para incumplir. Ni que las autoridades se quejen del crédito generoso concedido al gobierno anterior. ¿No advierten que los acreedores anticiparán enfrentar los reproches del gobierno próximo?

La corrupción de reglas diferentes según la ocasión, persona, agranda el caos impuesto por políticas contradictorias. Emiten moneda sin freno e imponen topes de precios, tarifas, tipos de cambio, diferenciales para contenerlos, según cada caso. El Estado aumenta gastos improductivos e impuestos para financiarlos. La mayor pobreza resultante justifica nuevos gastos para atenderla. Una carrera sin fin.Sede del CIADI, en WashingtonSede del CIADI, en Washington

Las novedades agravan la incertidumbre de los contratos, contrayendo producciones y propiedades. No sorprende la fuga de empresas e ingresos.

Los países avanzan compitiendo, liberando de trabas innecesarias a quienes satisfacen necesidades individuales, que cada persona determina libremente. Para eso, la Constitución garantiza libertades. Avanzados son los países que eliminan obstáculos redundantes. La prueba contundente de su éxito está en los ingresos logrados con reglas justas, estables, iguales para todos.

Aunque el himno nacional exalta “¡Libertad, libertad!” no parecemos convencidos. Libertad implica que los individuos decidan independientes y desarrollen sus habilidades personales todo lo conveniente. A los dirigentes molesta no controlar a la gente.

Libertad es el condimento que completa el desarrollo y felicidad de cada persona, alcanzando las cumbres de satisfacciones. La libertad se prueba compitiendo. En el fútbol, la competencia lleva a mejores jugadas, equipos. En las relaciones personales, la competencia lleva a la felicidad, a la plenitud de logros. En la economía, a los ingresos.No existe país avanzado cuyos mandatarios políticos ganen más que los argentinos, mientras la población empobrece

La corrupción argentina consigue competencia de militancias. Ascienden los más alineados con los dirigentes, no los enfocados en satisfacer a la gente. Las empresas prosperan inventando relatos que justifican favores, preferencias. No nos llame la atención si vamos descendiendo en el campeonato de los ingresos.

No existe país avanzado cuyos mandatarios políticos ganen más que los argentinos, mientras la población empobrece. Ningún país dedica tantos ingresos a sus dirigentes políticos. Ninguna nación rica tiene funcionarios destacados cobrando sueldos junto con jubilaciones gigantescas, en relación con las generales de la población. Ni jueces, funcionarios, empresarios, artistas, tan alineados con los políticos

Las sociedades enfocadas en complacer a sus políticos son menos prósperas que las que atienden las necesidades individuales y desarrollan las habilidades de la población. Los políticos se enfrentan con el público cuando se salen del libreto que denominamos Constitución.

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The president is wrong, Argentina progressed when it approached liberal capitalism

INFOBAE - Alberto Fernández made inaccurate references in the Davos forum, when he manages a country whose imbalances have different causes and a single origin: the fiscal deficit and the way to finance it

During his presentation last week at the Davos forum, President Alberto Fernández affirmed that “Financial capitalism where fortunes are made in minutes by betting on a bond or stock makes many rich but postpones millions of human beings in the world ». In fact, it would be necessary to see where it comes from that relationship between financial commitment as the engine of capitalism, in any case this type of financial "scam" is stimulated by governments with public indebtedness. In the Argentine case, it is necessary to repeat once again the phenomenal increase in the BCRA's indebtedness in order to restrict market liquidity and curb the exchange rate, generating huge profits for the financial system, the type of case mentioned by the president and the BCRA makes low. your government.

The president also cited the book "Unhappy Capitalism", by Luigino Bruni, stating: "We have to overcome the opulent unhappiness that discards the weakest and idolizes the unbridled and dehumanized profit of an amoral model."

Beyond the vagueness that is to speak of unbridled profit. From what amount is rampant? How is unbridled profit determined? In fact, it is not capitalism that discards the weakest, but incorporates them with the creation of jobs. The one that makes them and uses the poor is populism, which has done nothing but submerge Argentina in a long decline, bringing poverty, indigence and unemployment to unsuspected levels.

When Argentina approached the capitalist model, its economy attracted investments and immigrants who came to these lands to seek an opportunity to get out of the poverty of their countries of origin. The Argentine economic system did not offer social plans, but rather opportunities to progress through a work culture based on liberal capitalism.

Figure 1

At the beginning of the 20th century and until the 1930s, Argentina's GDP came to represent 27.5% of the GDP of all of Latin America. When Argentina moved away from capitalism and the world and state interventions began in the 1930s and accelerated in the 1940s, the country entered into a long decline and currently Argentina's GDP represents only 10% of GDP in Argentina. LATAM. And it is not that the other countries did things much better than Argentina, but that Argentina was the worst and continues to be one of the worst students in the class along with Chavista Venezuela.

When comparing the evolution of Argentina's per capita GDP with that of Canada and Australia, countries of immigrants and endowed with similar natural resources, it is observed how at the beginning of the 20th century Argentina's per capita GDP was very similar to that of both countries.

Graph 2

Taking Angus Maddinson's data, in 1905 Argentina's GDP was equivalent to 98% of Canada's GDP / inhabitant and 81% of the same relation to Australia. In other words, the GDP per capita of Argentina, Canada and Australia were similar. In 2018, Argentina's per capita GDP was 41% of Canada's and 37% of Australia's.

In 1900 the per capita GDP of Argentina was 70% higher than the GDP / inhab of Spain. In 2018 the GDP / inhab of Spain was 70% higher than that of Argentina. If the comparison is made with Italy, in 1900 Argentina had a GDP / inhabitant that was 40% higher than that of Italy and in 2018 the GDP / inhabitant of Italy was 85% higher than that of Argentina, always following the data of Angus Maddison . For this reason, when Argentina was capitalist, our grandparents came from Italy and Spain to Argentina to work, because the conditions of liberal capitalism gave opportunities for progress. Today our children go to Spain, Italy, Australia, New Zealand and other countries in search of a future that populism does not offer. He only offers to submit to the political pointer to collect a social plan or have a public job.

In 1911, Argentina's GDP / inhabitant was 4.4 times that of South Korea. In 2018, Korea was double our per capita income. In 1901, the same relationship with Taiwan, the country that was looked upon with pride when talking about Taiwan's umbrellas, Argentina surpassed it in per capita income by 4.3 times. In 2018, Taiwan with its umbrellas, had a per capita income 141% higher than that of Argentina.

You can continue with the comparisons with Ireland, Hong Kong, Ireland or Japan itself and the results are just as catastrophic for Argentina.

When Argentina abandoned the liberal ideas that inspired the Constitution of 1853/60 and immersed itself in redistributionist populism, punishing the culture of work and rewarding the culture of giving, it entered an unstoppable decline.

Those who reject the growth model of the late nineteenth and early twentieth centuries will always jump, arguing that wealth was concentrated in a few hands. In the first place they do not have data of the Gini coefficient of that period, so they affirm without demonstrating, but, perhaps today, with populism, wealth is not concentrated in a few hands, generally of the political caste and its business partners? prebendaries and the rest live in a poverty that was not known in Argentina? Can anyone seriously affirm that this populism that makes a culture of poverty improved the distribution of income in Argentina?

On the other hand, what is relevant is not that the person who earns the least has an income of 1,000 and the one who earns the most of 10,000, with a difference of 10 times. Under a capitalist system, the one who earns the least goes on to earn 11,000 and the one who earns the most 160,000, thereby increasing the gap between the richest and the poorest to 14.5 times, but the one who earns the least earns more than the one who earns the more it earned under populism. In other words, the problem is not in the Gini coefficient, which is a terrible indicator of income distribution. The key is that those who earn the least, earn more and more. It does not matter that the one who wins the most, wins a lot, as the populists say. That is resentful comparison. Of envious. What matters is that the poor stop being poor and have upward social mobility. And that is not achieved by redistributing income. It is achieved by generating more investments that create jobs and improve the productivity of the economy.

It is a lie that those who say they care for the poor are really concerned. In any case, they are concerned with increasing the number of poor people to have more captive electorate. It is the liberal capitalist system that actually takes care of the poor, but not by distributing what others earn, but by creating opportunities for investments, people can develop the capacity for innovation and each one improves thanks to their work.

Furthermore, populism denigrates people because it makes them depend on the political pointer for their family to eat. Liberal capitalism dignifies people because they feed their family with the fruit of their work.

In short, it is not capitalism that must be reviewed. It has already proven to be the most efficient system for improving people's living standards. It is populism that tries to sell that politicians have a monopoly on solidarity and the only thing they seek is to maximize their political benefit by manufacturing poor and ignorant people to subject them to their whims.

Argentina progressed when it approached liberal capitalism and entered sustainable underdevelopment when it embraced redistributive populism. What you have to do to grow again is as simple as returning to the culture of work and abandoning the culture of giving that impoverishes and denigrates the population.

THIS NOTE WAS ORIGINALLY PUBLISHED AT http://www.infobae.com

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