Argentina’s Pro-Business President Pulls a U-Turn, Imposes Capital Controls

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Macri reversed course, implementing similar policies that he once railed against as he confronts financial-market turmoil in the final months of his embattled administration

BUENOS AIRES—When President Mauricio Macri took office in 2015, he quickly eliminated his leftist predecessor’s interventionist policies that economists had blamed for stifling business in Latin America’s third-biggest economy.

Now Mr. Macri has reversed course, implementing policies similar to those he once railed against as he confronts financial-market turmoil sparked by a crisis of confidence in the final months of his embattled administration.

 

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Like an ant is similar to a giraffe.

Fret not, conservatives, you can always do what you’ve done literally scores of times before: overthrow an elected leader whose economic policy you oppose and replace him with a pliant right wing dictator (who can murder thousands of trade unionists as added bonus)

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 /  🏆 98. in JP

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