Dornbusch: Argentina must surrender sovereignty on financial issues!!!!

["Charles Brown" <CharlesB@xxxxxxxxxxxxxxxxxxxxx>]

Dornbusch: Argentina must surrender sovereignty on financial issues!!!!
by gskillman
02 March 2002 22:37 UTC

This strikes me as a topic PEN-Lrs could really sink their teeth into.
What do people think should be done instead of the D&C plan to bring Argentina
out of its current crisis, and will the suggested alternative be able to avoid
the harsh dilemma D&C anticipate (i.e., prolonged misery now or even deeper and
more prolonged misery later)?

^^^^^^^^^

CB: Form soviets, all power to the soviets, Nationalization of basic industry, banks etc First steps to socialism. An updated version of the following:

These measures will, of course, be different in different countries.

Nevertheless, in most advanced countries, the following will be pretty generally applicable.

1. Abolition of property in land and application of all rents of land to public purposes.

2. A heavy progressive or graduated income tax.

3. Abolition of all rights of inheritance.

4. Confiscation of the property of all emigrants and rebels.

5. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.

6. Centralization of the means of communication and transport in he hands of the state.

7. Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.

8. Equal obligation of all to work. Establishment of industrial armies, especially for agriculture.

9. Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country by a more equable distribution of the populace over the country.

10. Free education for all children in public schools. Abolition of children's factory labor in its present form. Combination of education with industrial production, etc.


^^^^^^^




Why isn't the Argentina case like the post-WWI
Austria case, as D&C suggest?  Or are they wrong to accept that the League of
Nations solution for Austria was appropriate?