From everything I’ve heard about the election in Argentina, it was the meeting of “Anything is better than this” and “it can always get worse.” The former won, and proved the latter correct.
We had the same in the UK with Brexit and Boris. We assumed that because everything is shit, backing people looking to do drastic changes that experts agreed was horrific was worth it. It wasn’t, and now people are even poorer…
The last century has been a total and unmitigated disaster for Argentina. The two options Argentinians had in this election were:
More of the same by the guy who oversaw inflation reaching 160% (100% chance of things getting worse)
A total wild card (99.9% chance of things getting worse)
Unsurprisingly, they went for the latter. I don’t think anti-libertarians get to gloat in this context, given it’s the Argentinian establishment which has overseen one of the most remarkable examples of total state-collapse and economic failure in modern history.
I don’t actually know anything. But casually to me it looked like a choice between 160% chance of it getting worse and a 300% chance of getting worse. And it’s not very surprising at all in these circumstances many go for the latter for all sorts of reasons (and delusions). But I don’t actually know anything.
argentinareports.com
Hot