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by confusedcitizen
6095 days ago
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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. |
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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.