RE: ARGENTINA I suspect @PeterZeihan will state that the local, regional, and gl

RE: ARGENTINA
I suspect @PeterZeihan will state that the local, regional, and global pressures and opportunities will provide Argentina with enough advantage that they will gravitate toward taking advantage of the latter in order to escape the former, and while it may take quite a bit of time, they should overcome the present internal frictions.

However, we can’t overlook that any number of pouplations have readily doubled down on regressive behaviors simply because they are unable to produce the internal trust necessary for stable state, government, economic, and cultureal for mation (Think all of islam after ~1000ad, think ~China after ~800ad, think Rome after ~400ad, think India after ~100ad).

We focus on physical and institutional capital too often without listening to Hayek and Fukuyama, who have tried hard to make the point that informal capital, especially that rare capital we call ‘Trust’ is the most expensive commons, culture, and institution we produce.

And that it is also themost desperately perishable.

Cheers
Curt Doolittle
The Natural Law Institute

Reply addressees: @jamesmcclatchey @PeterZeihan