Argentina continues to be caught in what the late economist Aldo Ferrer, and Marcelo Diamand before him, called the Argentine pendulum: since the end of World War II, Argentina swings endlessly between expansionist/populist and neoliberal regimes. Each phase has its period of expansion and crisis, leading to the next. After twelve years of expansionist/populist Kirchnerismo, Argentina is now headed to neoliberalism once again. If the pendulum continues its trajectory, and if past neoliberal cycles are an indication, the future is not a bright one.
If there is a sign of hope, it is that workers and the poor have a substantial degree of organization after twelve years of kirchnerismo. On February 24th public sector workers went on strike and there was huge mobilization to Plaza de Mayo, the historic site of many protests across from the Pink House (the seat of the executive branch of government). On March 24th, the 40th anniversary of the military coup, a massive demonstration filled Plaza de Mayo and the streets around for many blocks. Unions, political and social organizations flocked massively to the Plaza in remembrance, but also to protest Obama’s presence and Macri’s neoliberal policies. Time will tell if Macri’s opposition is able organize an electoral alternative before the next crisis hits.Counterpunch
Macri-nomics: Argentina’s Fast and Furious Return to Neoliberalism
Alan B. Cibles