Goodbye Washington Consensus

Within a few days of each other, the main multicultural countries we call Saxons, is United State and the United Kingdom of Great Britain And Northern Ireland, about what they think the world will be like in the turbulent years to come. In the words of the Presidential Adviser for National Security Affairs, Jake Sullivan Minister of Foreign Affairs, James Cleverlyrespectively, expressed their relationship China.

First, at Mr. Mayor’s banquet London Provided annually Palace house, Cleverly made a speech with China that was referring to British relations with the whole world. It was a subtle speech that stressed the need to engage with China in all possible areas. He stressed the importance of China and its history, saying that none of the global problems can be solved without China, but after the doves came the hawks. The minister described that British policy towards China will have three pillars: national security, and work with partner countries in the field Indian and Pacific Oceans and direct commitments with China to respect each other’s values. However, regarding Chinese values, he emphasized that if someone wants to participate in a global system, they must respect their obligations to that system, in United nations And with other countries. In passing, he also conveyed to his audience that the US, UK, Europe and their allies are in a position to oppose any other power militarily and economically.

then, Sullivan went further and drew the future sitting on a grave Washington consensusthat vision of another democrat, Bill Clintonwhich promoted free trade agreements and economic freedom for businessmen around the world, as a mechanism for peace and prosperity. Administration Biden He argues that free trade did not necessarily engender peace, as evidenced by the Chinese arms race or the Russian invasion, and that tax cuts and attacks on trade unions produced inequalities that threatened democracy.

The interesting thing is that it was the National Security Adviser who announced the new industrial policy of his country, continuing, without mentioning it, the protectionist and harsh tendencies pursued by Hezbollah. Donald Trump. Before our backed statesmen, progressives, and businessmen turn into ecstasy, it is worth saying that Sullivan made it clear that his government did not want an entrepreneurial state, nor did they want everything to be produced in their own country, but what they wanted was the primary public. Investing opens doors to private investment, in sectors that are considered strategic for current security reasons (such as the case of chips) or because of the weight they will have in the future development of the economy and global power, such as artificial intelligence or biological and digital revolutions. “It is about attracting private capital, national or foreign, not replacing it; it is about long-term regulation, not the arbitrary selection of winners or losers, which has led to the disenchantment of those who benefited from colloquial populism,” he explained.

In a similar fashion to the English, North Americans made it clear that they did not think of separating China from the West, but of de-risking (de-risking) dependence on China in critical aspects that would jeopardize their security. Thus he commented that Sino-American trade was record.

Argentina will have to navigate this world in the coming years. Our strength will depend on ending inflation quickly, providing security in every way, revolutionizing education for work, opening markets and building trust and predictability in the long term with clear rules, equal for all, without privileges, with austerity and decency, with conviction and courage. Kirchnerism prides itself on the opposite: everything is subject to its arbitrary power, with inflation and stocks, prohibitions and the ever-changing of the rules. From now on, as the leak showed manzana from china to IndiaArbitrariness will be paid with delivery.