“I will always stand, when it comes to international politics, side by side with the United States and Israel,” Javier Miley said upon assuming the office of president. Argentina. This was such an explicit text that, after a while, he asked Foreign Minister Diana Mondino to resign because of a text that, although it was traditional in our country because of the Malvinas case, it did not seem fair for the President to support it. New Chancellor Gerardo Verthen also resigned ahead of the very good legislative elections on October 26.
Argentina had great growth, especially at a time when Great Britain was the undisputed world leader, let’s say, until the crisis of 1929. But later growth for Argentina became tiring.
instead of, Brazil is closely aligned with the United States It stood firmly by that country throughout, even as an ally in World War II. How much did Brazil pay to always support the world leader? If we calculate the period from 1928 until now, you will find that it achieved five times what Argentina achieved.
Justice’s slogan in the 1946 election was “Braden o Perón”, meaning “USA or Argentina”. This gave Peronism good results, because by turning against the United States it pursued a policy of distributing the accumulated wealth, bought out many private companies, mainly English, such as railways, which became part of the public sector, increased public spending and taxes, and, despite very high public debt, also resorted to the central bank to issue money to the treasury, mainly with temporary advances.
The real salary has grown a lot in these Peronist years, giving it a very strong electoral base. In addition to supporting justice for a large portion of workers struggling for the humble. But the economy was devastated, at least compared to Brazil, where Argentina’s gross domestic investment was close to 20% of GDP, when that relationship was close to 40% in 1910.
In 1989, it was Argentina’s President Carlos Menem, who gave the Ministry of Economy to Bunge y Born, the most important company in the country at the time. With Menem there were “physical relations” with the United States. These plans were finalized with economists such as Ehrman, Gonzalez, Domingo Cavallo, and Roque Fernández.
But then came Fernando de la Rua, who did not know how to deal with the situation, especially after the devaluation of Brazil’s currencies by 40% in January 1999, and Argentina’s devaluation to zero in favor of the common market. Very difficult to hold.
Then came over 20 years of Kirchnerism, Both Nestor and Cristina, where everything was erased, in fact, the opposite of what happened in Menem’s time was done, such as the nationalization of the YPF and Aguas Argentinas; Abolish private pensions (AFJP) and transfer all pensions to the public sector; The reserves were taken from the central bank, which in return received interest-free treasury notes, to pay off Argentina’s low-interest debts to the International Monetary Fund, while the treasury was financed with bonds placed in Venezuela at a rate of up to 15% annually in dollars, where this type of financing was closed.
Lula da Silva has been ruling Brazil for some time, and before that he and Dilma Rousseff did so. Brazil today is leaning toward China and shares much with the governments of Chile, Peru, Colombia, Mexico, Venezuela, Cuba, and other Latin American countries that are close to Brazil to varying degrees and opposed to the United States.
Conclusion: Without being the only factor, Brazil grew at five times the rate of Argentina when it was with the United States. Let us hope that it is now our turn to grow, because we are allies of the United States and Brazil is not. Although it’s not that simple, this is Miley’s idea.
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