Re: Re: Re: The legacy of Juan Perón

[Brad De Long <delong@xxxxxxxxxxxxxxxxx>]

> You are partially correct. In a mixed economy, there is a clash between the
> needs of workers and the bourgeoisie. The workers need jobs, housing,
> health care, recreation and education. Their bosses have more ambitious
> needs. They need chauffeured limousines, 4 houses, servants and gold-plated
> faucets. To support these more ambitious needs, they need sufficient
> profits. If a state agency cuts into their profits, they might find it
> preferable to let land lie fallow. Somebody like Fidel Castro would have
> organized the agricultural work force to evict the bosses and declare the
> ranches and farms public property. Then, the wheat, cattle, etc. would have
> been exported and revenue would have continued to come in.

No.

Historical experience strongly suggests that the collectivization of
agriculture is disastrous for agricultural productivity and
agricultural exports. The claim that what Argentina's economy needed
after World War II was to become more like the economy of the Soviet
Union is unsupported by any historical evidence.


Brad DeLong