2024-12-02
7 分钟The Economist Hello, Rosie Bloor here,
co-host of The Intelligence, our daily news and current affairs podcast.
You're about to hear an article from the latest edition of The Economist read aloud.
We hope you enjoy it.
Many people in America hope that the new Trump administration will take an axe to a bloated and overbearing government,
cutting spending and rolling back regulation.
Whether this goal is even plausible anymore is a crucial question for America and the world,
after two decades in which government debt globally has risen relentlessly,
fuelled by the financial crisis of 2007-9 and the pandemic.
For an answer, and a case study of taming an out-of-control leviathan,
head 5,000 miles south from Washington, where an extraordinary experiment is underway.
Javier Mele has been president of Argentina for a year.
He campaigned wielding a chainsaw,
but his economic programme is serious and one of the most radical doses of free market medicine
since Thatcherism.
It comes with risks,
if only because of Argentina's history of instability and Mr Malay's explosive personality.
But the lessons are striking too.
The left detests him and the Trumpian right embraces him.
But he truly belongs to neither group.