Hope for Argentina
Electing a radical libertarian as Argentine President gives some hope for the floundering nation. The future looks bright if he can implement his plan and survive the political pain.
I haven't cheered this much over an election since Donald Trump won in 2016.
Surprisingly, my joy is over an election in a country I have never been to and has been rendered an economic basket case thanks to politics.
I am referring to Argentina, where Presidential elections occurred over the weekend.
At the beginning of the 20th century, Argentina was synonymous with wealth. It was blessed with natural resources, including minerals and farmland.
It was one of the world's wealthiest nations on a per capita basis, which coined the phrase "rich as an Argentine".
The Capital, Buenos Aires, was known as the "Paris of South America".
It was rich in architecture and cosmopolitan culture and represented a prosperous nation.
Today close to half the country is living in poverty, annual inflation exceeds 100 per cent, and the nation has a history of defaulting on its loans.
That decline has been a direct result of Argentine politics and their pursuit of socialism.
That looks set to change.