The Path To A (Free) Market Economy In Argentina Is Another – OpEd
The column rejects the claim that a 2027 election win would make 2028 Argentina’s best economic year, arguing a market turn cannot wait until Dec. 11, 2027, and that privatizations have been too few while the Central Bank and security forces hold more capital.
It cites official GDP down 1.72% in 2024, private real wages down 3.6% from 2023 to July 2026, disposable income down 22–31%, tariffs up as much as 944% against CPI of about 329%, and treats the 2027 tax-take drop from 21.2% to 19.2% of GDP as dependent on an implausible 4% growth.
The author’s unused alternative is free union formation, labor deregulation, and returning subsidy-linked taxes—not a finding that those steps were legally or politically available.
The president has said that “If we receive the favor of the Argentines next year, as of December 11, 2027, the speed at which the reforms will take will be unique and unrepeatable in the world. If we win in the Presidential elections… ” 2028 will be “the best economic year in Argentine history”.
But it is logically (and Logic is a science) impossible to think that those who initiated actions that have gone in the opposite direction and justified that direction, suddenly turn 180 degrees, without recognizing that they were going in the opposite direction. If recognized, the change should be implemented immediately, not from December 11, 2027.
Now, let’s see what we mean by opposite direction.
Moving towards a market economy means leaving economic activity increasingly – the faster the better, but what matters is the direction not the speed – in the hands of the market and less and less in the hands of the state. This implies, first, more resources (lowering the monetary tax burden), more decisions (deregulation) and more properties (privatization) in the hands of the........
