When a national economy has been completely overrun by a crooked socialist political class, hope, along with prospects for individual prosperity, fades. Decisions cease to be made for financial or economic reasons. Instead, entrenched politics and corruption direct the flow of capital to the greedy insiders at the expense of the many.
Today we return with another guest article from our friend Joel Bowman and his Notes From the End of the World. If you recall, Mr. Bowman, from his outpost in Buenos Aires, Argentina, has a front row seat to what he’s dubbed, The Greatest Political Experiment of Our Time.
Over the last two years, President Javier Milei has executed aggressive shock therapy. He’s slashed government spending, halved ministries, and eliminated thousands of bureaucratic roles to crush hyperinflation and dismantle a corrupt, statist political caste.
The best way to understand what this means, really, is through tales and anecdotes offered by elders who’ve lived through the endless decades of political and economic corruption. If this interests you, you’re in for a real treat. Continue reading
