Domingo Cavallo

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Ex Ministro de Economía de la Argentina, quien con su políticas económicas neoliberales provocó el derrumbe económico argentino, que de alguna manera anticipó el colapso del neoclasisismo.

Cavallo’s policies are viewed by opponents as major causes of the de-industrialization and the rise of unemployment, poverty and crime endured by Argentina in the late 1990s, as well as the collapse of 2001, the ensuing default of the Argentine public debt.
                                from Wikipedia

  1. Alberto Luque
    February 2, 2010 at 12:37 pm | #1
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    The description by Wikipedia is incomplete mainly due to the lack of privatizations that Cavallo managed so bad that Argentina is suffering until now desastrous public services at the same time of magnificent large benefits going outside

  2. Néstor Gorojovsky
    February 11, 2010 at 9:04 pm | #2
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    I disagree in part with Mr. Luque. Cavallo´s management of privatizations was outstanding. This is precisely why the result was “disastrous public services at the same time of magnificent large benefits going outside”. In Argentina, privatization of the public sector companies (not just services, also production) implied the loss of domestic control over the local economy, which is exactly what Cavallo wanted. This loss of domestic control, together with other libertarian neoclassic measures by Cavallo (which by the way date back to 1982 and must be grafted to those of his co-responsible in the destruction of industrial Argentina, Alfredo Martínez de Hoz) transformed Argentina, a country with a semi-integrated self-centered modern economy, into a virtual colony where not even currency could be managed by the domestic governments. This turned, as it could not be otherwise, to the interest of foreign (particularly financial) capital and to the harsh detriment of Arg people and economy. We shouldn´t forget, also, that Cavallo was called to Russia by the Yeltsinites, in order to give advice during a similar foreign induced process of deindustrialization. Both processes ended up in the Russian and Argentinean crises, which were (particularly the second one) the last warnings of the real world as to what was to come.

    • Alberto Luque
      December 31, 2012 at 11:54 am | #3
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      Yes Mr. Gorojovsky…looking from another perspective I strongly agree with you and I see that you also strongly agree with me… but this is telling the same thing…

  3. alberto monastirsky
    February 27, 2010 at 10:23 pm | #4
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    cavallo satarted his “good job” much earlier than the 90′s: as he converted private external debt in public.

  4. bernardo freibrun
    February 27, 2010 at 11:27 pm | #5
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    No demos olvidar que Cavallo toma intervención pública por primera vez en 1982 como presidente del Banco Central (BCRA), como funcionario de un gobierno ilegítimo, provocando la primera gran transferencia de recursos públicos al sector privado, estatizando la deuda privada y endosándosela a toda la población, mediante artificios contables.

    Como ministro de Menem fue un privatizador serial, rematando a precio vil- tal el caso de la telefonía- tomando en pago bonos nacionales a valor 100 cuando en el mercado valían 10,15 ó 20%. Su último trabajo sucio fue con De la Rúa, con las secuelas de corralitos y apropiació de los ahorros de la población, dado que los “grandes” fugaron las divisas. Creo que es un personaje que perfiló las condicionalidades del hoy de la Argentina

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