EVITA PERÓN, HUGO CHÁVEZ, FIDEL CASTRO, AND LATIN AMERICAN BANANA REPUBLICS

Donghyun Park

Chapter 47 in Capitalism in the 21st Century:Why Global Capitalism Is Broken and How It Can Be Fixed, 2019, pp 208-215 from World Scientific Publishing Co. Pte. Ltd.

Abstract: It is striking how one finds hard pressed to name a single visionary leader from countries that are in seemingly endless decline — e.g. Argentina — or countries which consistently underperform — e.g. Venezuela. Evita Perón may be the heroine of a nice musical and “Don’t cry for me, Argentina” may be a nice line in a nice musical, but Argentines have absolutely no reason to cry for her or her equally underwhelming husband Juan Perón. Their legacy to the country is that and only that, a nice musical with a nice line. And, their present-day spiritual successors, ex-President Cristina Fernández and her late husband and ex-President Néstor Kirchner, have been equally underwhelming. Both the Peróns and Kirchners are simply part of a long line of uninspiring, mediocre, unimpressive, and most definitely NOT transformational or visionary Argentinian leaders. They are leaders who merely stood by and did absolutely nothing to stop the century-long stagnation and decline of their country. In fact, their misguided populist policies contributed a great deal to the decline of Argentina…

Keywords: Capitalism; Globalization; Inequality; Entrepreneur; Financial Industry; Government; Socialism; Market (search for similar items in EconPapers)
JEL-codes: A1 F00 F6 N2 P16 (search for similar items in EconPapers)
Date: 2019
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