Trump is embracing the same economic populism that destroyed Argentina

Posted by Mundellian

2 Comments

  1. O-Block-O-Clock on

    Kirchnerism and Peronism are at least cognizable ethos and (bad) policy, dude.

    What exactly is the economic theory at play here? Because it’s not even populist. It’s most aptly “what does Donald, today, think makes him look best on TV.” And that is absolutely different from actual “popularity” or economic populism.

    >Perónism is more avowedly leftist than Trumpism, **but MAGA’s “right-wing” policies sometimes seem** [**indistinguishable**](https://www.npr.org/2016/02/08/465974199/what-do-sanders-and-trump-have-in-common-more-than-you-think) **from left-wing ones.** Argentina’s populist movement has been successful at one thing: turning one of the world’s wealthiest countries into an impoverished basket case. Americans think of Argentina as a benighted third-world nation. But as economist Dan Mitchell [explains](https://fee.org/articles/heres-everything-you-need-to-know-about-peronism/), it was the 10th wealthiest nation in the world when Perón took over. It was often viewed as a European nation that happened to be in Latin America.

    This is basically the entire thesis and the answer is not “Trump is like Peron,” it’s “unlike traditional left wing and right wing thinkers, Trump has completely amorphous beliefs and so they go everywhere, and even directly contradict eachother at times.”

    Edit: I guess the one actual economic belief Donald has is that everything is transactional, and life and the world economy are zero sum games. Also, cheap eggs and gas are good, low rates good, stock market good equals im the best. That’s about it.

  2. Dumbass thinks he’s Milei coming to save the day with his “bold” economic agenda while being our version of Peronism

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