Showing posts with label justicialism. Show all posts
Showing posts with label justicialism. Show all posts

Tuesday, June 22, 2010

Justicialism?

We're not dictators, we're justicialists.

I've got to admit that I never even knew that Peron thing in Argentina had a name other than Peronism, kind of catchy, but not so much so as Justicialism. KT is on a crusade to get us to stop calling Obama a socialist and instead label him a justicialist. Although I believe that Obama is secretly a socialist and justicialism is a way station on that Road To Serfdom, I lack the evidence to know what is in his heart, and have limited proof of this right now. However, I think we can all agree that the economic results of justicialism are about the same as for socialism. From the Wikipedia article on Argentina's debt restructuring:

Argentina went through an economic crisis beginning in the mid-1990s, with full recession between 1999 and 2002; though it is debatable whether this crisis has ended, the situation has been more stable, and improving, since 2003. (See Economy of Argentina for an overview.)

Argentina defaulted on part of its external debt at the beginning of 2002. Foreign investment fled the country, and capital flow towards Argentina ceased almost completely. Argentina was "left out of the world." The currency exchange rate (formerly a fixed 1-to-1 parity between the Argentine peso and the U.S. dollar) was floated, and the peso devalued quickly, producing massive inflation.

Socialism, justicialism, leftism and statisms of all ilk have the same end result, economic ruin. This because freedom works best. In America, we still have a problem, even if we are not remotely socialist, which I will continue to repeat for effect:

The size of government has become a threat to our prosperity and our freedom.