"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Lessons From Argentina's Oil Nationalism
Submitted by Westernerd on Sat, 2012-04-28 02:00
"We have seen this movie a thousand times in Latin America and elsewhere. The Latin American version of populism is as old as the Mexican revolution and as recent as the Venezuelan tragedy. In fact, Argentina, once the most educated country in the region, built on the back of a middle class that was much stronger than that of the neighboring countries, became decadent precisely because of Peronista populism."
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