Capitalisn't

The Argentinian DOGE

15 snips
Dec 5, 2024
Federico Sturzenegger, an economist and former Argentine Minister of Deregulation and State Transformation, shares his insights on radical deregulation in Argentina. He discusses the ambitious plans of President Javier Milei to drastically reduce government size and oversight. Sturzenegger examines the potential lessons for the new U.S. Department of Government Efficiency (DOGE), questioning whether slashing regulations truly spurs broad economic growth or merely benefits a select few. The conversation delves into the balance between necessary regulations and economic revitalization, providing a compelling perspective.
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ANECDOTE

The Genesis of Argentina's Deregulation Plan

  • Federico Sturzenegger recounts being asked to help a presidential candidate but warned her of likely failure due to entrenched interests.
  • He decided to prepare a comprehensive legal review, analyzing every Argentine law since 1880 to identify and challenge embedded privileges.
ADVICE

The Marx Principle

  • To influence policy, present concrete solutions, not just theoretical arguments. Sturzenegger calls this the "Marx Principle," learned from an experience with economist Daniel Marx.
  • Have the written proposal ready when decision-makers are ready to act.
ANECDOTE

Satellite Internet in Argentina

  • In Argentina, satellite internet was banned, benefiting established media conglomerates.
  • By simply removing the legal barrier, Starlink and others began operating, demonstrating how regulation can stifle innovation without cost to the government.
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