Brazil doesn't have to look far to learn how fiscal irresponsibility can tear a country's economy apart. Inflation in Argentina is close to 100% and Peronism, with its lack of interest in reducing the fiscal deficit, is one of the main factors that led to this chaotic scenario.
“What really destroyed Argentina was Peronism, a political organizational system where there is a very large force of union movements,” highlighted economist and doctor in international relations Igor Lucena. "The political union organization in the country considers corporatism as the superior good: the fiscal costs don't matter," he described . . .