July 18, 2011
— Open Blogger Nobody brings the Doom like Derbyshire! "What are you? Some kinda doomsday machine ...? - JW Pepper Derbyshire looks at the Socialist Catastrophe that hit Argentina 1946-1955 and doesn't like what he sees. It's doomy.
The guiding spirit of fiscal management in the advanced world this past half century has in fact been Juan Perón, who ruled Argentina from 1946 to 1955...As President, Perón gave a classic demonstration, in the name of socialism and nationalism, of how to wreck an economy.... He created Big Government and a welfare state in one bound: spending on public services, as a percentage of GNP, rose from 19.5 to 29.5 per cent in five years. ... By 1951 he had exhausted the reserves and decapitalized the country, wrecked the balance of payments and built wage-inflation into the system. ... He fled on a Paraguayan gunboat. But his successors could never get back to the minimum government which had allowed Argentina to become wealthy. Too many vested interests had been created: a huge, parasitical state, over-powerful unions, a vast army of public employees. It is one of the dismal lessons of the twentieth century that, once a state is allowed to expand, it is almost impossible to contract it.... the U.S.A. is not Argentina...
We have, though, followed the same trajectory as Perón’s Argentina, albeit more slowly and gently. He got from "the minimum government which had allowed Argentina to become wealthy" to "a huge, parasitical state" with "a vast army of public employees" in just five years; it has taken us five decades. The end result for our respective peoples will be the same. ... Undoubtedly the inevitable crisis, when it comes to us, will have peculiarly American features formed by our own history, geography, and demography. ... The most depressing thing about the Perón story is that he remains widely popular in Argentina.
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Posted by: Rum, Goddess of Doom & Sith Lord at July 18, 2011 11:41 PM (YxBuk)
The most depressing thing about the Perón story is that he remains widely popular in Argentina.
I have a feeling Barry is going to be the same way and it's all due to skin pigmentation in his case.
Posted by: Rum, Goddess of Doom & Sith Lord at July 18, 2011 11:48 PM (YxBuk)
"For the other lessons from Argentina, ferfal, read up."
Yeah, nothing like a reminder to get a few OTC med/first aid supplies. Just in case. I wonder if we could be returning to a time good laying hen will be a valuable commodity.
Posted by: Tantorus Maximus at July 19, 2011 01:18 AM (3Ohzw)
Posted by: NR Pax at July 19, 2011 01:46 AM (Jozr5)
Posted by: Lord Humungus at July 19, 2011 02:18 AM (Yv6gq)
Posted by: NR Pax at July 19, 2011 05:46 AM (Jozr5)
Perón just didn't do enough to help out the neediest among the Argentines.
Posted by: P Josephs at July 19, 2011 02:29 AM (yrGif)
http://tinyurl.com/GreenJobFail
Posted by: P Josephs at July 19, 2011 02:35 AM (yrGif)
Ain't no cheese like government cheese y'all.
Ain't it the truth. Foolish people willing to give up their independence for government cheese. - You do as we say and you vote as we say or, No more cheese for you!!!
Posted by: Case at July 19, 2011 02:51 AM (CCzAi)
Posted by: dogfish at July 19, 2011 02:53 AM (N2yhW)
Posted by: Jean at July 19, 2011 02:54 AM (JjNG+)
What concerns me is that even if we do get a fiscal conservative in the WH, he will return us to the status quo ante Obama. And that isn't nearly enough to reverse the trend.
Posted by: CharlieBrown'sDildo (NJConservative) at July 19, 2011 03:28 AM (LH6ir)
Posted by: Reactionary at July 19, 2011 03:53 AM (xUM1Q)
So stocking up on beans, bandaids, and bullets - while prudent for the individual - isnt going to matter without a plan from the right for recovery & reform.
Posted by: Jean at July 19, 2011 06:54 AM (JjNG+)
I've been beating this drum as well. It's all well and good to address the debt issue, but without real reforms to the system in place in this country, there's no long term hope. We must roll back government interference, and do-gooding, on all fronts. The state is like a vine that has been allowd to grow too far, and spends so much energy supporting itself it can no longer sprout grapes - it needs vigorous, brutal pruning. Down to the stump, if need be.
Posted by: Reactionary at July 19, 2011 03:57 AM (xUM1Q)
Posted by: dogfish at July 19, 2011 06:53 AM (N2yhW)
I'd bet money the majority voted for Obama.
People bring their politics with them.
Posted by: MlR at July 19, 2011 04:03 AM (isNKI)
That's because Madonna played his dumb wife in a movie. Sean penn and madonna were perfect together. 2 rich white libtards of a feather - pimping the socialist ruin.
Posted by: Lemon Kitten at July 19, 2011 04:33 AM (0fzsA)
I'd bet money the majority voted for Obama.
People bring their politics with them.
Posted by: MlR at July 19, 2011 08:03 AM (isNKI)
Yep. Just look at the people who leave California, and how they infect their new host states. Just look at Colorado, Oregon and Washington. They just don't understand that they are the problem.
Posted by: Lord Humungus at July 19, 2011 06:35 AM (Yv6gq)
Yup. People just lurvs them their free stuff from the gub'mint. This is why the Tea Party will not succeed.
Posted by: OregonMuse at July 19, 2011 07:52 AM (8V8Ny)
Posted by: K~Bob at July 19, 2011 09:13 AM (M3Fk/)
The US isn't Argentina. Tyrants are forced to flee.
The USA is Chicago where thugs and criminals are made Gods.
Posted by: Molon Labe at July 19, 2011 12:07 PM (g5MrG)
Posted by: The Stranger’s Child Audiobook at July 19, 2011 06:00 PM (qz3ej)
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Posted by: Comrade Arthur at July 18, 2011 11:36 PM (WRsKZ)