• merc@sh.itjust.works
    link
    fedilink
    arrow-up
    5
    ·
    11 months ago

    I guess the right wing theory is that the president makes Argentina a great place to do business, business people rush in, and wealth trickles down.

    But, that “trickle down” idea doesn’t ever seem to have actually worked anywhere. Maybe the best Argentina can hope for is that at one point when the economy is booming, the working people suddenly form or join unions and the companies decide it’s too risky / expensive to leave, so they negotiate with those unions.

    OTOH, these days it’s so easy to move corporations around to wherever the laws are the most corporation-friendly. So, even if somehow the new president does make corporations want to do more business in Argentina, it’s hard to see how the people of Argentina will really benefit.