Argentina Is a Scary History Lesson on How the Progressive Movement Destroys a Nation
Political blogger Doug Ross has written a stunning piece titled, "Don't Cry For Me America." Ross tells the story of a nation that was once the second most powerful nation in the world.
In the early 20th century this nation was heavily industrialized with modern communications, ports, and business infrastructure -- more so than much of Europe.
In fact, only the U.S. was as strong economically as this nation. It had a large navy, prosperity, smart business people and was a bustling example of what a capitalist nation can provide for its citizens. It ranked with with Great Britain and the U.S. on the world stage of politics.
But in 1916, that changed.
From Ross' blog:
In 1916, a new president was elected. Hipólito Irigoyen had formed a party called The Radicals under the banner of "fundamental change" with an appeal to the middle class.
Among Irigoyen's changes: mandatory pension insurance, mandatory health insurance, and support for low-income housing construction to stimulate the economy. Put simply, the state assumed economic control of a vast swath of the country's operations and began assessing new payroll taxes to fund its efforts.
He goes on to chronicle how over the last century since these fundamental changes took place and now the country is wracked by hyperinflation reaching as much as 3,000 percent! Pensions have defaulted, riots and political upheaval have torn apart the country.
It is Argentina.
You would never think this struggling nation was on par with the U.S. a century ago.
But Ross' information shows how a blueprint of fundamental change and redistribution of wealth can completely change the course of a nation. After reading this, you'll think they borrowed this idea from what we are hearing in OUR country today.
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