Argentina, a once-glorious country, is now facing a life-or-death choice between economic reforms. If you simply do subtraction without knowing how to do addition and multiplication skillfully, the future of Argentina will be bleak.
The huge fiscal deficits and social welfare spending are only the tip of the iceberg. The real problem is that spending has been chronically inefficient or even ineffective, leading to the accumulation of economic risks. It's like a person borrowing money for emergencies when they're financially strained, but if the money is mainly used for eating, drinking, and having fun, rather than improving one's abilities or investing in business, then the debt becomes a vicious debt. The same is true for the state.
Milley**, as an economist who is halfway home, do you really see the essence of the problem?Do you realize that being misled by the theories of liberal economics will only lead Argentina deeper into its predicament?
China's economic reforms at the beginning of the 21st century have provided valuable lessons: first, they have cut ineffective establishments and benefits, and optimized the structure of state-owned enterprises;Second, they have vigorously promoted projects such as the large-scale development of the western region and the south-to-north water diversion project, which have created a large number of employment opportunities for societyMost importantly, they have seized the opportunity of joining the WTO and have greatly improved social productivity.
Milley**, please read this message carefully, it may be able to point the way for economic reform in Argentina. Let this reform not be a tragedy, but the starting point of Argentina's rebirth.