Liberalism in retreat: First in Europe, now in Argentina

In last month’s European elections, liberalism was rejected in one country after another. Now you can add Argentina to the list of countries going conservative.

Reuters reports: “Argentines cast ballots in congressional elections on Sunday and are expected to throw out allies of President Cristina Fernandez de Kirchner in a rejection of her interventionist economic policies and combative style.”

Fernandez is a leftist often compared to Hillary Clinton because she succeeded her husband, ex-President Nestor Kirchner. Under her rule, Argentina’s economy has stagnated after a six-year expansion. As a result, Fernandez has seen her approval rating fall to a mere 30%.

It appears that Fernandez’ Peronist party will lose its majority in Argentina’s lower house and barely cling to a majority in the Senate.

And she didn’t even have an auto industry to nationalize.

Source: Reuters.com