I’m not talking about the United States, but Argentina. According to this WSJ editorial the Argentine government is going to nationalize (the socialist euphemism for “steal”) the country’s private pension system.
So what? Argentina is a good example of what befalls a nation when it embraces statist policies. (The ruling statists there have been called “fascist” and that’s perfectly correct, but misleads many people into thinking that there is some great difference between “right-wing” fascism and “left-wing” socialism; there isn’t.) A hundred years ago, Argentina was the second most prosperous country in the western hemisphere, behind only the U.S. Now it is nowhere close, thanks to decades of rabid government economic intervention. The government, desperate for more power and wealth, does just what you’d expect — it takes private property to help solve a “crisis.”
There’s a message here for people capable of seeing the trends in the United States.
