"Classical Fascism it seems to have elements of Socialism. "

We've been down this road before. Fascism, including Nazism, was indeed socialism with a nationalist flavour. Yes, Mussolini was originally a socialist and only formed the National Fascist Party after the Italian Socialist Party, of which he was a high ranking member, opposed entering WW1.

Likewise the Nazis were a workers party, with Hitler saying Nazism was what communism would look like if it was also nationalist.

Peron, and he wasn't alone around the world, bought into the notion that government could control and guide the economy for the benefit of all. History has proven that notion false but many have failed to learn the lesson.

Again, the path Argentina has embarked on is ambitious and of interest internationally. It is the only way Argentina can salvage its well-being, but whether they, or any nation, can stay the course is doubtful.

While on communism.... 21/1/2023 was the 100 year anniversary of the death of one of histories most despicable mass murders, Vladimir Ilyich Ulyanov, better known as Vladimir Lenin.

The venue at which Milei was allowed to make his speech is a surprising one.

The WEF is a private club of the super-rich that presumes to tell the rest of us how we will live in their dystopian view of the future.

The WEF is not interested in capitalism helping everyone; it's all about them.

The very sinister WEF was recently described as an “anti-human, psychopathic death cult”: our deaths, not theirs.

WEF's lunacy is evident in its message for this year: the biggest threat to the world is misinformation! Not cost of living, security, threats from China and Islamism. No. The biggest threat is misinformation!

The “misinformation” they are concerned about, of course, is the truth about the WEF and other fascists arseholes like them.

post-truth mhaze,

Well that is a rather myopic view of what happened.

The closer truth is the elite in Argentina were always reluctant tax payers.

Albeit a little simplistic this is a more reasonable take on the differences.

"In 1951, Argentina and Australia's economies were almost twins. Similar GDP, similar sources of income, and a similar inflation problem.

Australia was flush with cash from the United States wanting wool uniforms for its men fighting in the freezing cold Korean war.

US dollars flooded into Australia, making everyone very rich and happy, but this made the cost of living go up by 25 per cent in a year.

The treasurer — a Barnaby Joyce-esque figure named Artie Fadden — wasn't going to cop this.

He raised income taxes by a third, making himself very unpopular, and Australians very angry.

The treasurer called it responsible; the papers called him a gangster. But it did the job and inflation ground to a halt.

Argentina didn't tax people like Australia did, and this is a key reason the two economies are so different today."
http://www.abc.net.au/news/2023-08-13/how-did-argentina-end-up-with-100-per-cent-inflation-/102707204

Dear Yuyutsu,

The Kibbutz system was still a major contributor to the Israeli economy well into this century.

"In 2010, there were 270 kibbutzim in Israel with a total population of 126,000. Their factories and farms account for 9% of Israel's industrial output, worth US$8 billion, and 40% of its agricultural output, worth over US$1.7 billion."
Wikipedia

It certainly has loosened some of the deeply socialist/collectivism ideals that made it so significant and contribute so much to the growth of Israel, but it is a powerful example of those ideals in practice.

SR,

Now let's see. My post was an overview of the past century and your's focused on one event in one year. Yet mine is myopic? We must have differing meanings for that word.

Its rather funny that the ABC would think that raising taxes was the key difference. The ABC is always in favour of higher taxes - you've gotta fund them somehow.

Still if this 'analysis' were to hold any water, then we'd need to see inflation in Australia decline after the Fadden fiscal contraction and inflation continuing to grow in Argentina. Indeed inflation did decline in Australia. But it ALSO declined in Argentina, even without the tax hikes. Indeed, there was a period in the mid-1950s where the Argentine inflation rate went negative. So the claims of your ABC analysts are bunkum.

Proper economic analysis of the comparison between these "settler societies" (Australia, Canada, Argentina, NZ, etc) shows that the main difference was that some encouraged the development of alternate wealth to the agricultural bounty of the early 1900's while others (ie Argentina) didn't. This was a failure of government, a failure of culture, but primarily a failure of economic philosophy ie capitalism v. Socialism