The REAL David Knight Show Argentina: A Century of Socialism
Oct 22, 2025
Steve Bonta, a commentator and publisher from The New American, dives deep into Argentina’s decline under socialism, linking it to America's own path. He outlines how Peronism led to economic woes and chronic inflation. Bonta discusses the appeal of libertarian politician Javier Milei, contrasts urban and agrarian policy perspectives, and critiques the dangers of personality-driven politics. The conversation also touches on monetary systems, including the risks of de-dollarization and proposed global shipping taxes that could reshape international trade.
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Argentine Childhood And Hyperinflation
- Steve Bonta lived in Argentina as a teenager and observed high education and European-style culture.
- He recounts hyperinflation decades ago where people rushed to buy land or precious metals to avoid losing savings.
Argentina's Fall From Global Prosperity
- Argentina once rivaled the U.S. as a destination for European immigrants and was among the world's richest countries.
- A century of Peronist collectivism transformed prosperity into chronic economic decline.
Charisma Versus Institutional Power
- Javier Milei blends libertarian economics with celebrity charisma and faces a hostile Peronist Congress.
- Popular energy doesn't guarantee legislative success against entrenched political machines.
