If we could divide economic thinking, one could say that there is a conceptual breakup between “economy” and “political economy”, this happened at the end of the 19th century and among other authors it was based on a text by Dudley Seer, “political economy of nationalism” that stated that the roots of any discussion about economy, crossed the Atlantic, but in Latin America had another conception, some more ahistoric or reinterpretations of interpretations of interpretations that ends an interpretations of interpretations. Constant confusion, which could adapt and think about another alternative. Leaving the history of Eurocentrist contributions a little clearer and that concentrated on structuralism, from Olivera to Prebisch, from Furtado to Sunkel. With different looks on the same object of study: political economy.
Where does this sense and this idea of political economy come from? We can find it in a phrase “Man is a political animal“From Aristotle. What this phrase refers is that man differs from animals, because she lives in politically organized societies, is the look of the time. Looking in the form of public issues to participate to a greater or lesser extent, with the aim of achieving the common good: The happiness of citizens.
Therefore, if we took the meaning of politics and left only “economy” we would be in a scenario in which it participates less in public affairs, therefore would the common good be in danger? Let’s put it in another way, if I get politics to the meaning of Aristotle, what do we have left? An animal, perhaps this form of species would be another form of happiness. In terms of the capitalist system that governs us, the community is organized so that we are happy, according to the Greek and liberal meaning. That happiness is in the production of goods that are consumed given its degree of utility and satisfaction that generates us.
I maintain a present memory of Professor Pablo Levin, and always recommended the classics, go to the footnote, rethink the thought, doubt and then exist. Do not exist and then doubt. There is the trap of our time, few doubts about the economic system and many certainties of what the economic system is. The economy is like that, they are the same as always, caste, lie and gadget. To the latter we attended in Congress before the approval of a “blank check” based on a DNU 179/25 that public the executive.
It should be remembered that the president in Congress, during the opening of sessions, before the people, part of the representatives of the people were not. Because they knew everything was a lie. This confirms that they released a DNU to advance with a possible agreement with the IMF and not by law as he had said in Congress. Words and things broke.
At the moment only questions fit what would have happened if any other government had released some issues for DNU? What would have passed if there were no details of the debt taking in another government to this? Until 125 he went to Congress as a law, I think it must be made clear that employees of foreign interests in Argentina are going to give him the bonus, as the Executive did with Kueider. Ritondo and Lospenato, next to the UCR-alvearista and the little serious of deputy Pichetto with Randazzo. These are times that have to be clear those that were against national interests and who were complicit in foreign interests in Argentina. Because they are ahistoric, individualistic, they believe in free trade and economic Darwinism. That is the neoclassical school, that is the theory that is still taught in public studies houses.
Nevertheless, The most obvious is what is not said, the whip and the walletas in the case of the province of Catamarca? Peronism? A day before he had communicated from the National PJ sitting position. Not everyone followed. When a government favors a province and not another with public resources, which are from the people, do these provinces pay the cost of not accompanying debt taking with the IMF? Wasn’t it that this was a new Argentina? That something different can be done with the same as always? The word was broken and the thing called coherence. Confusion.
We say confusion because in the case of the deputy for the Popenate on March 2, 2022, I affirm that “the Government does not say who is going to pay the accounts” it seems that it does not matter now. Is it because it is an accomplice? Could it be that there is no guiding principle that guides your political thinking? This is an example applicable to the entire PRO, UCR, civic coalition and liberatory. They say something yesterday and today they accommodate. The old saying “I have these principles, but I have others.” One from Loredo. Liberal-conservative thinking is in the enclosure and government.
The six abstentions came from deputies Emilio Monzó, Agost Carreño, Florencio Randazzo and Nicolás Massot, of the Federal Meeting Block; Lourdes Arrieta, the libertarian expelled from the official bloc; and Martín Tetaz, from the UCR. Union for the homeland managed to stay together in the vote. After the victory of the Liberal Front, Argentine conservative (UCR, PRO, CC and sectors of liberal peronism), one of the liberal communicators said: “There is God that dictatorship that comes! ”
Let’s translate, because it is substantial for the debate, they raise something that already comes from the back of the story: The dictatorship of the proletariat. They consider that they represent the proletariat and another thing is to be the proletariat. The people. They can go to a dictatorship “that will come”, as “Gordo is coming”, believing that they represent the proletariat and perhaps it is a dictatorship because the tool will be the DNU and this is the nodal point. We do not know the future, but all governments do not last forever, Macri (2016-2019) and Cristiana Kirchner (2008-2015) knew
The need and urgency of this DNU 179/25 is in the drainage of dollars they are having.
The Blend dollar contributed 6,114 million dollars in 2024 and this year it is estimated to contribute another 6,000 million dollars, will the government take it out?
This government seems to lose all kinds of credibility, we say it for this paragraph of DNU 179/25: That there is a close link between the requirement to reduce inflation and the interest that the Central Bank of the Argentine Republic will be able to maintain a balanced balance. Inflation is not all times a monetary phenomenon. Intellectual poverty is clear. He became structuralist and did not warn him. Although the idea of the devaluation in 2023 was to avoid 17,000%, in this medium we explained the conceptual error of the economist graduated from the University of Belgrano: [(1+0,54)^12-1]*100, the issue of exponential.
Devalued 118% (Dec23), the inflation It reached a 290%peak, spraying the salary first and second consumption. Homologous some parity and others not, others under the percentage of update. Intervention everywhere. Recent data show that consumption remains without recovery.
The government’s economic problem is the same as always. To do this I apply the same solutions as any other liberal government of the twentieth century. He devalued, adjustment salary, adjustment rates, under the rights of importing and privatizo. Now it has no liquidity in the Central Bank, footnote were not going to light fire? No, and the Arab fresh funds never arrived, the financial markets do not lend it. It only has the IMF, which will give it because strategically this government is aligned to the White House, although the White House does the opposite in its economy. The projections for this year on currencies by cereals and oilseeds are maintained at the same level as last year; and a problem that was not raised: importers are demanding dollars and foreign companies need to turn the profits and dividend of 2024. The national capital was dismantled.
We leave two critical points that were published in the last vector report that the chief economist Haroldo Montagu leads:
- Income grew, spending grew more. The fiscal result of February was $ 310,726 million, 44.9% lower in real interannual terms. The income grew 5.4%, but the expense advanced 19.1%, driven by transfers to CABA (+340%). VAT (+3%) had a moderate rebound, while growing imports impacted customs collection due to exchange backwardness;
- The economic plan faces difficulties while negotiating with the IMF. The “Official Carry Trade” strategy lost effectiveness, causing a exchange run with bonds in pesos, exchange gap and loss of reserves (-1.008 million).
Uncertainty about crawling PEP affects expectations, while the market requires higher real rates.
This note was written listening: resurrection zamba.
UBA Economist and Teacher Unpaz and Unaj
Source: Ambito
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