August 29, 2024
Kamalita Perón
By Warren Beatty
The elements of an economic plan presented by Kamala Harris consist of price controls, higher taxes, greater government spending, interventions, regulations, and subsidies paid for by printing a currency devalued by high inflation. These elements constitute “21st-century socialism.” The Kamala Harris–Tim Walz economic plan is the most radical socialist economic plan ever announced by the Democrats.
It was Spanish-American philosopher George Santayana who said, “Those who cannot remember the past are condemned to repeat it.” Why cite him? Because Harris and Walz don’t seem to be able to remember the past, much less learn from it. They want to take the U.S. back 75 years to replay the economic disaster that was Argentina.
A brief history lesson: Argentina prospered under (classical) liberal economic policies in the early 20th century. The country became the world’s seventh wealthiest nation in 1908. It enjoyed a high per-capita income, higher than many European countries and its Latin American neighbors. The military took control of the country in 1930 through a coup d’état. This marked the end of Argentina’s economic rise.
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