Reflexiones de un CIO

El esfuerzo de los gobiernos argentinos por llevarnos al subdesarrollo y el retroceso no tiene límites.

Acosados por la falta de liquidez, con una caida del precio de la soja que dejo las estimaciones de presupuesto para el año proximo en lindos números que se esfumaron con la crisis mundial, el gobierno argentino tiene un ataque de desesperación por conseguir liquidez. Tal cual y como la historia ya nos enseño han decidido robar, incautar, apropiar lo que no le pertenece al estado y si a la sociedad para continuar su fiesta de subsidios.

Hasta cuando ?

Martín Varsavsky – La Argentina está a punto de chocar y los argentinos aceleran. Indignantemente tuvo que cerrar el post ayer por la cantidad de insultos que recibio.

Santiago Bilinkis – Los Argentinos y la autodestrucción

Ariel Arrieta – Veo un museo de grandes novedades . Vean el video del Gral. Peron, 30 de noviembre de 1973. En palabras del general, la decisión de la presidenta Kirchner es una apropiación.

Pablo Brenner & Sergio Fogel – Posters para Argentina

Pablo Brenner & Sergio Fogel – Gracias Argentina

Finalmente, no quiero dejar de transcribir los comentarios sobre Argentina aparecidos hoy en el NYT:

Argentina’s Mistake

«The effort by President Cristina Kirchner of Argentina effort to seize the country’s private pensions highlights the insecurity of private property in Argentina and is a major impediment to effective economic reform.

Argentina’s private pension system was inaugurated in 1994, when the country was a leading adherent of so-called Washington Consensus economic reforms, which included the privatization and proper funding of pension obligations. The system survived the nation’s banking and economic crises in 2001 and 2002, and managed to build assets at one point of over $40 billion, while maintaining good relations with politicians by investing over half its funds in government bonds.

Today, the fund is worth $30 billion and has $5 billion in annual cash flow. With commodity prices dropping, global liquidity evaporating and Argentina still blocked from major international borrowing because of painful memories of its 2003 default, those assets have proved irresistible to the government facing a $10 billion budget gap.

Argentina has repeatedly confiscated the savings of its middle class, most recently in 2002 when it forcibly converted dollar savings in the banking system into pesos. To guard against similar moves, its middle class has since moved most of its savings offshore.

That makes funds unavailable to finance domestic small businesses, damaging the economy’s long-term growth potential. The pension system, which trapped some savings within the domestic economy, was a second-best solution. But now it is at risk.

The insecurity of private property in Argentina explains why the government’s efforts at economic reform have long proved ineffective. Market mechanisms are of little value if citizens don’t believe they’re permanent. In spite of its abundant natural resources and modest population density, Argentina’s economic output per capita is today not much higher than it was in 1950, an appalling performance.

Argentina is a democracy, so its legislature may do the right thing and reject Mrs. Kirchner’s proposed seizure. Only by such constitutional barriers against looting can property be preserved and the country’s living standards improve. The stakes are high for Argentina’s economy.»