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Argentina Farmers Strike: Refusing to Foot the Bill for the Kirchners' Populist Politics

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Publication Date: May 2008

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): James M. Roberts

Series: WebMemo

Topic: Economics (Economic conditions)
Politics (Political status)

Keywords: Argentine farmers; Latin American; soybeans; Kirchner

Type: Brief

Coverage: Argentina

Abstract:

Peronists NĂ©stor Kirchner and Cristina Fernandez de Kirchner, the presidential couple who have ruled Argentina since 2003, have exploited record-high commodity prices to finance their leftist-populist policies. Keeping the peso artificially low, they have overheated the economy and stoked exports and inflation, heavily taxing the former and attempting to conceal the latter.