When a populist gets elected or seizes power, there is a never ending chain of economically destructive policies on programs to patronize their base. Their base never truly prospers, remains poor and dependent . The country withers as capital is squandered on non productive projects. Yet this political formula has resulted in populist/celebrities and their ilk keeping power for prolonged periods. Currently the US is suffering this phenomena.
I don’t like the term “Populist”. The prior era of that movement was agrarian leftist.
Argentina is not playing the game of dictators. I actually think Milei is on the right track.
Done correctly they should improve.
That’s only true for leftwing populists such as Maduro and Hugo Chavez.