Hacker News new | ask | show | jobs
by confusedcitizen 6095 days ago
In fact, he does mention Peron's protectionism being a root cause (along with depression and wars) for Argentina's financial woes today. He states that protectionism, regulation, large state enterprises (which are anti-capitalistic themes) have never been 'particularly good for growth'.

I feel he does start of with the capitalistic premise. Only later is education hypothesized as a major culprit.

1 comments

The key phrase is 'But why was Argentina's public sector so problematic?'. Other countries have thrived despite similar policies, what he argues is that lack of education led to poor implementations of them in Argentina.

I wouldn't disagree that he's starting from a standard narrative, but his argument doesn't require those causes as premises to explain Argentina's lack of growth.

Perhaps education makes the difference because a literate population can more effectively hold its government to account. Consider the proliferation of rabble-rousing newspapers, associated with every political stripe, during the late nineteenth and early twentieth centures in the US.