Argentina is “a chronically unstable, endemically corrupt polity with a rich history of dictatorship, economic mismanagement"
Argentina: Cronyism and Corruption Are Killing Economic Freedom – by James Roberts
By Admin Friday, July 16, 2010Argentina’s ranking in The Wall Street Journal/Heritage Foundation’s Index of Economic Freedom—now 135th out of the 179 countries ranked in the Index—has declined steadily in the seven years since President Cristina Fernández de Kirchner and her husband, former President Nestor Kirchner, took power. It is by far the lowest ranked G-20 nation. Recently Charles Krauthammer neatly summarized why: Argentina is “a chronically unstable, endemically corrupt polity with a rich history of dictatorship, economic mismanagement and the occasional political lunacy.”
The relentless drop in Argentina’s Index rank is due to, among other things, the Kirchners’ statist policies as well as their failure to protect private property and to fight against corruption. Meanwhile, the performance of market-friendly, democratic Peru, Colombia (the most improved country regionally in the 2010 Index), and long-time economic freedom leader in Latin America Chile proves that South American governments can—through the correct mix of policies favoring private property, rule of law, and market-based, democratic institutions—deliver true economic and political freedom to their citizens...more
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