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My understanding is Lula has done fine by AquinasDomer

Argentina needs someone like Milei to do shock therapy, but successful development after that has to be more balanced. If you look at the Asian countries that successfully industrialized you see more of a mixed economy.

A lot of the central/south American countries struggle with a landed rentier dynamic. The glaring unearned wealth inequality makes the region dry tinder for a strongman left or right.