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Milei’s Big Swing - Argentina’s barnstorming new president is shocking the country’s economic system.
City Journal ^ | 14 Jun, 2024 | Jon Hartley

Posted on 06/15/2024 5:23:06 AM PDT by MtnClimber

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To: Mr. Jeeves

“Use the term “collectivism” instead of “leftism” - it is more precise and it does away with the nonsensical left-right spectrum with totalitarians on both ends”

I like!!


41 posted on 06/15/2024 11:57:11 AM PDT by griffin (When you have to shoot, SHOOT; don't talk. -Tuco)
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To: Sequoyah101

He dismantled it all. Quickly! Too bad only a few are able to use it effectively when necessary and then go away.


Good post. Thanks.

We only need a few in the right time and place.


42 posted on 06/15/2024 12:01:13 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: MtnClimber

I’m liking this guy. Been too busy lately to take much notice of him. But he seems he might be just what the doctor ordered to counter Saul Alinsky garbage.


From “https://mises.org/power-market/economics-javier-milei

“If anyone doubts Milei´s credentials, the chapter is a scathing critique of neoclassical growth theory. It also offers a full-blown Rothbardian alternative. Mises´s work on interventionism and Hayek´s knowledge problem form the basis of his analysis.

Speaking of neoclassical economic analysis, Milei writes:

Note that whenever situations that do not match the mathematical structure arise, they are considered “market failures”, and that is where the government appears to correct those failures. However, to successfully solve this problem, it is assumed that the government knows the utility function of all individuals (preferences) for the past, the present, the future, the time preference rate and knows the state of the current technology and all future enhancements, along with their respective amortization rates. In short, to solve the problem in question, the government should be able to master a significant amount of information that, by definition, individuals themselves ignore or are not able to handle, which exposes that the idea of the welfare state acting on the market to correct failures is a contradiction.

Furthermore, Milei concludes that:

when it is made clear that the correction of market failures by the government as proposed in the neoclassical paradigm is conceptually invalid, taking into consideration that the only ones who can internalize those effects are individuals, once the artificial separation of decision-making processes is eliminated, there will no longer be any reason for government intervention, which will not only stop the socialist advance but will also allow us to counterattack.


43 posted on 06/15/2024 12:17:28 PM PDT by griffin (When you have to shoot, SHOOT; don't talk. -Tuco)
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To: aquila48
If Kipling ever missed the mark it was not by far nor have I found it yet.

One day, for some sooner than others, we realize that what we have learned and will learn has been learned before but that the experience of that knowledge has died with those gone before. Solomon says it beautifully in Ecclesiastes 1. We heard their words as they tried to tell us but we did not understand their meaning or significance. We had to learn for ourselves. We also realize that we can know a thing by having the knowledge handed to us but that we may not understand it for quite some time, if ever.

There is a reason the "Fourth Turning" has the 80 and 20 year periods of Secula and Turning. They correspond to a long life for a very good reason. They also correspond to a generation for another very good but similar reason. They represent a cycle of experience, learning and understanding.

For each significant war we have had through time there is a despot who wants more than his share. Each time one rises good men who want only to live their lives peacefully but fairly and with equal opportunity have to rise from their comfort zone and slay the despot then return again to the cycle of growth, comfort, rebellion and war.

I do not think we can ever break this cycle or mistakes and learning because we are all too young, too foolish, too cocksure, too whatever not to make mistakes made before and to learn as we assume our days in the sun. Those that get it soon are not understood by those who don't. The too few and the too many. I am nearing the count down of my life. There are new generations in control and they do not seek our experience any more than most of us did in our take-over. I see them winging it and making mistakes they don't need to make again. Most people don't have the time or inclination to study history and so we repeat the mistakes of the past; over and over.

When I left my engineers I asked them what they wanted me to leave them. They asked for all of my experience. I laughed and said the time to absorb it and the situational connections would take nearly as long to learn as they did to accumulate. As I left I said what I always say, "Call if you need me and I'll do all I can to help." In my time training them I hope I left them with curiosity to know and the skills to solve problems.

We have left Milei long behind in this discussion, or have we?

44 posted on 06/15/2024 1:38:46 PM PDT by Sequoyah101 (The Government that got us in this mess is not the Government that can get us out of it.)
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To: normbal

A dictator from the right is usually authoritarian while one from the left is usually totalitarian.


45 posted on 06/15/2024 6:40:44 PM PDT by FreedomNotSafety
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To: Sequoyah101

“If Kipling ever missed the mark it was not by far nor have I found it yet.

I agree. It amazes me how many poems and books he wrote.

“We have left Milei long behind in this discussion, or have we?”

Not really. Milei is trying very hard to re-install the Gods of the copybook heading to the throne.

He personifies the last Stanza of the poem...

“And that after this is accomplished, and the brave new world begins
When all men are paid for existing and no man must pay for his sins,
As surely as Water will wet us, as surely as Fire will burn,
The Gods of the Copybook Headings with terror and slaughter return!”

They’ve returned to Argentina... as him.

And I wish him all the best in the world, but he’s got some tough “devils” to deal with.


46 posted on 06/15/2024 8:20:51 PM PDT by aquila48 (Do not let them make you "care" ! Guilting you is how they control you. )
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To: normbal
I had a roommate in college, a refugee from Argentina who married an American girl for a green card or something and he INSISTED Juan Peron was a RIGHT-WING fascist leader of a military JUNTA, yadda yadda.

You sure he wasn't talking about Chile's Pinochet? At least that one led a military junta, and was somewhat to the right of center.

50d767c7214874afe17ed561416b0b7f-1506768125

47 posted on 06/16/2024 9:05:54 AM PDT by Moltke (Reasoning with a liberal is like watering a rock in the hope to grow a building.)
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To: Moltke

DOH!

Yes. Chile. The guy was Chilean. I often confuse those two countries. Never been further south of the US border than Baja (Ensenada), TJ and speak about ten words of Espaniel.

Yeah, Pinochet.

Like I said, I wasn’t paying much attention to politics at the time, I was working on a double major at UC inSane Diego.

Thank You.


48 posted on 06/16/2024 3:01:42 PM PDT by normbal (normbal. somewhere in socialist occupied America ‘tween MD and TN)
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To: normbal

👍 😀

You’re welcome!


49 posted on 06/16/2024 3:58:41 PM PDT by Moltke (Reasoning with a liberal is like watering a rock in the hope to grow a building.)
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