Hi Colin and thank you for your comment. I think they would have been met with much more resistance. Front loading reforms means those that oppose the reforms cannot fight on all fronts. In my opinion, it’s almost a certainty that the opposition in any modern government will oppose the party in power out of principle even if they somewhat agree with the policy. Mani Basharzad wrote a wonderful piece on Shock Therapy, comparing it to Gradualism as seen in the post soviet countries, that can be read here: https://www.epicenternetwork.eu/blog/in-defence-of-shock-therapy/
Thanks Luke. Excellent article and research references. Ah, I have been mistaking caution for prudence! Very interesting to see Poland v Belarus as an additional contrasting example of free economies vs planned ones, and the fate of the populations after only five years. Of course we care for the vulnerable, but in general people are so resilient, given the chance.
Thank you Luke. Do you therefore think a slower pace of Milei reforms would have met less resistance?
Hi Colin and thank you for your comment. I think they would have been met with much more resistance. Front loading reforms means those that oppose the reforms cannot fight on all fronts. In my opinion, it’s almost a certainty that the opposition in any modern government will oppose the party in power out of principle even if they somewhat agree with the policy. Mani Basharzad wrote a wonderful piece on Shock Therapy, comparing it to Gradualism as seen in the post soviet countries, that can be read here: https://www.epicenternetwork.eu/blog/in-defence-of-shock-therapy/
Thanks Luke. Excellent article and research references. Ah, I have been mistaking caution for prudence! Very interesting to see Poland v Belarus as an additional contrasting example of free economies vs planned ones, and the fate of the populations after only five years. Of course we care for the vulnerable, but in general people are so resilient, given the chance.