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2023-12-24 22:48:25

Berlusconi Fever :sonnenrad: 🔻🪂 on Nostr: the problem with the Erik Striker style "capitalism bad, State good" is that it ...

the problem with the Erik Striker style "capitalism bad, State good" is that it ignores how things actually work in some places.

The anti-American axis Russia/China correctly has state controls over culture and strategic resources (raw materials, heavy industry, fuel, etc), while daily life business is almost laissez-faire.

The Argentinian case until now seems to have been a bizarre mirror opposite of that: absorbs the worst of American imperial culture, de facto uses the Dollar, gives away raw materials to multinational companies while importing stuff like refined fuels, lots of red tape and regulation on internal daily life commerce, stagnation, Med style corruption on steroids, salaries lower than South East Asia.

Even if you hate LOLbergs the empirical evidence shows current situation being the worst possible combination. It's an interesting case bc it's the place where all the worst Libertarian predictions have actually become true.
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