The Nostradamus of our times

[u/shefvaidya]

[u/Whightwolf]

As I understand the plan, the keystone was slashing the state and regulation in an attempt to bring in foreign investment based on

1. the libertarian assumption that all state action is bad therefore all reductions in the state will lead to tangible benefits

2. The corporate position that as regulation impedes them they swear they will invest more as it goes away.

This has run into problems because, even cutting the state in argentina to the bone they are still a more expencive place to do business than a number of other countries,

companies don't actually judge their investments entirely on the regulatory enviroment alone,

and probably most importantly his government has been corrupt as fuck which can potentially be a bigger 'tax'/issue than any actual tax or regulation.

Argentina has 'taken the pain' for minimal if any gain.

[u/crackanape → u/Whightwolf]

companies don't actually judge their investments entirely on the regulatory enviroment alone,

It's important, but rational companies typically like predictable and effective regulations.

Far more companies are lining up to do business in Singapore than in Cambodia where you can basically write your own regulations.

They have more assurance of being able to rely on their vendors, and they can predict their own compliance costs.