Radical reform for Argentina
The reform agenda of the new President of Argentina is bold, and much needed (inflation at 160%). It includes:
- Elimination of a law regulating rent
- Abolish rules preventing the privatization of state enterprises.
- Modernization of labor law to facilitate the process of creating real jobs
- A series of deregulatory measures affecting tourism, satellite internet services, pharmaceuticals, wine production and foreign trade.
- Spending cuts equivalent to five percent of gross domestic product
- Huge cuts in generous state subsidies of fuel and transport
- A halt to all new public construction projects
- A year-long suspension of state advertising
I hope he succeeds!