By some measures, in 1900, Australia and Argentina were the two wealthiest nations on earth per capita. Primarily this was because both were riding the sheep's back to prosperity. Comparisons between their respective paths is interesting and instructive.

While Australia went down the path of light (very light) Fabianism, seeking to distribute a portion of the wealth among all its citizens, it rarely forgot that the only way to distribute wealth over the long term is to actually create the wealth. So Australia's path was liberal capitalism, growing the nation's wealth and therefore that of the citizens. (Now I know the usual suspects will object here that the redistribution wasn't perfect and didn't meet their unattainable standards, but by world standards the lower classes in Australia have done remarkably well.)

Argentina on the other hand went down the path of simply giving away the wealth in the belief that the goose would continue to lay golden eggs. Over the decades, Argentina sought all sorts of ways to have its cake and eat it too, but the most enduring of these were the Peron years and those that followed in his footsteps. Peronism is basically fascist-lite so talking of periods pf nationalisation or privatisation are really superfluous. The state sought to control the economy, guide growth and keep the populace on side by unsustainable welfare.

Its all recently unravelled for all to see which of course explains the rise of Milei. It'll be interesting to see the outcome of his economic revolution but I fear the problems are too big for one man to solve in one period. There will be economic pain and, while the population seems reconciled to that for the moment, history shows that is unlikely to remain the case.

Dear Ttbn,

Yes, the Kibbutz system is not completely kaput, but been highly privatised, meaning that in most kibbutzim (but not all) people own their own home, take most of their salaries home, and all that remains is an extra layer of social safety net beyond what the state of Israel provides.

The older generation had to reluctantly allow that because they found that otherwise the young were leaving the kibbutz and not returning there after their military service.

«people are not what they once were.»

The people of the Kibbutzim once gathered to parade in a big demonstration against Chamberlain's 1939 "white paper" which severely restricted Jews from arriving and purchasing land in Israel.

First marched the young women, shouting "we shall not give".
Next marched the young men, shouting "we shall take it by force".
Finally marched the old men, shouting "that thing will never rise".

Who cares?

mhaze said- Peronism is basically fascist-lite so talking of periods pf nationalisation or privatisation are really superfluous. The state sought to control the economy, guide growth and keep the populace on side by unsustainable welfare.

Answer- In Stephen Hicks video's on Classical Fascism it seems to have elements of Socialism. Musolini was apparently originally a Socialist.

Comment-
Bring back Margaret Thatcher?

Answer- Margaret Thatcher's interviews were great.

Without Capitalism, Socialism would not get funding !
Just try to imagine a socialist Public Service !
Posted by Indyvidual

Answer- Kudos Indyvidual

There are three options only: capitalism and socialism, and communism. Some people don't differentiate between the last two.

I'm not rich, but a capitalist society is the only sort I wish to live in.
Posted by ttbn

Answer- I believe that Traditionalism is in a different Non-Locke Liberal continuum of politics and so is outside the capitalist vs communists dichotemy. Of course those of Terror French Revolution identity would label Traditionalism as Far Right even though it is one of the oldest forms of politics.

Capitalism is a tool in the tool box not our tyrant. But any society that doesn't reward the productive are doomed.

I liked the quote from Churchill- I think he was a bit harsh on Chamberlain.

From memory the Fascist Dialectic is closer to the Hegelian Dialectic than the Marxist Dialectic (Material vs Class).