![Albert Fernandez, President of Argentina, responds to the supporters' cheers. After that, you can see a large picture of President Christina Fernandez, who has taken office as Vice President. By 2015, Fernandez, after serving as president, negotiated a conservative right-wing government. [EPA = Union News]](https://pds.joins.com/news/component/htmlphoto_mmdata/201912/23/dfb0fe88-b4a2-4c19-90e4-e5c659fa0ae3.jpg)
[Kim Dong Ho's outlook for the world economy]
Populism Expends Finances and Exploits Young Generations
【中央日報(JoongAng Ilbo)】2019.12.23 00:27
That strategy /Moon government is going the way[Gonbyonho TV]
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Left wings politics of Venezuela, Argentina
Rapidly spread like a drug to put away in the taste
background of diffusion, chronic part of the polarization of
financial peppered poverty quagmire deepens
France, Sweden welfare reduction acceleration
background of diffusion, chronic part of the polarization of
financial peppered poverty quagmire deepens
France, Sweden welfare reduction acceleration
Albert Fernandez, President of Argentina, responds to the supporters' cheers.
After that, you can see a large picture of President Christina Fernandez, who has taken office as Vice President.
By 2015, Fernandez handed power to a conservative right-wing government after serving as president.
[EPA = Union News]
Populism, in our language, is 「대중영합주의(daejung-yeonghabjuui,大衆迎合主義,Mass acceptance Principle)」.
It means that politicians provide what the masses want.
Politicians dig into this gap and cut into it.
Wrap it like it's for the masses, but in fact deceive the masses and broaden their political status.
Here, even the psychology of the crowd is added, and the irrational and irrational demands of the masses make populism irreversible.
Unfortunately, populism is difficult to get out once it falls.
Argentina and Venezuela are still progressive.
The vicious circle in which the disbursement of funds and financial deterioration of the nation, including cash allowance, deepens the dependence of the nation on the people continues.
As the color of capitalism deepens and darkens, populism is poised to force it through.
The sacrificial sheep is the future generation of the future.
Immediately there is no visible effect.
Rather, happiness spreads and spreads for a while
This is because even if you don't work, money goes into your pocket.
However, there is no free in the world.
Always cost someone.
Argentina, Venezuela and Greece have typically taken such roads.
Especially in South American countries, the populism spread under the slogan "Give everyone what they want".
There is no difference from socialism's "construction of paradise on earth".
So once populism falls, it's not easy to find an exit.
Argentina is the representative example of the recent presidential election.
Due to the chronic budget deficit and economic unrest, the people called for the right government and called for the left. This is not the first time that left populism has repeatedly appeared in Argentina.
President Juan Domingo Perón, who reigned in 1946-55, reigned in 1973-74.
If he has not died of chronic illness for the first time in ten months after his inauguration, his populist politics are likely to have lengthened.
"I will give you what everyone wants "
![Citizens in Caracas, the capital of Venezuela, are lagging trash in search of food. [Union News]](https://t1.daumcdn.net/news/201912/23/joongang/20191223002748542zqzm.jpg)
In Caracas, the capital of Venezuela, a citizen searches a trash can for food.
[Union News]
In a word, populism is not sweet.
So it is difficult to put up withdrawal symptoms.
This is because there is no need to worry about starvation immediately without working.
In this way, the English thinker Thomas Hobbs foretold the emergence of " Leviathan, " a country likened to a giant sea monster in the Bible, when the concept of a modern state in the 17th century was established . As such, the entrepreneurial spirit of individuals has to wither and the role of the country has to be enlarged.
The result is a result that does not respect individual efforts and wealth accumulation.
The Argentine populism policy is typical.
Increasing labor income (import) through foreign capital elimination, nationalization of industry, expansion of welfare and wage increase will be implemented.
Here are some thoughts.
Why is " populism so common that it repeatedly fails repeatedly ? "
At the root of this flow is a chronic ritual (of wealth)Part ) polarization of the will occupy the seat is located.
An interesting point is that populism has nothing to do with the development of capitalism, as well as the existence of global companies .
There are no world-famous global companies in Argentina and Venezuela .
Still, the gap between rich and poor occurs spontaneously.
As Adam Smith has said classically, bakeries bake bread and make verbal (shoes) punctuation marks , and when one looks at them, there is a natural disparity (rich) gap between individuals .
Inheritance of incense (wealth division ) is also responsible for the gap between rich and poor, but it can be seen that individual efforts and willingness to work create such a gap between rich and poor .
But , however, populism is not aware of the providence and nature of such human world correctly.
While pursuing equality of results , sharply raise the minimum wage for anti -market and semi - annual anti-corporate business performance, increase the tax burden on companies and the affluent, and expand welfare.
We will restrain private autonomy through regulations and increase employment in the public sector to create a large government.
The legitimacy of such policies is supported by the presentation of social norms such as equality, equity and definition.
Political slogans overwhelm economic logic and entrepreneurship declines.
In this way, the "loopholes of justice populism (weak points )" are represented by prepared financial resources .
Argentina and Venezuela nationalized the industry and distributed the profits from it to the people.
The contradiction occurs here.
While overlooking productivity.
In a society where the nation takes responsibility for the lives of the people without nationalizing the industry and making diligent efforts, goodwill competition disappears and the entrepreneurial spirit is erased.
It has no effect even if there are resources.
"The economic downturn is liable to vested powers"
Venezuela was the country with the largest crude oil reserves in the world.
However, in 1999, Hugo is Chavez enforcement regime to oil field drive off foreign oil majors while ( genetic, per pass) was nationalized.
The government's finance has been devoted to free welfare, minimum wages, shortened working hours, and increased number of civil servants.
文在寅（Moon Jae-in,문재인）government as basic policy for 100 major political issues
"State takes responsibility for people's lives"
It is in the same direction as the growth led by income earners (states, stocks) .
The result of such a policy is terrible misery.
This is because productivity remains the same, but money is given free of charge, so investment, production, and employment cannot be achieved.
After Chavez died, the administration of Nicolas Maduro, who created the same line, also followed the same path.
Maduro, who gained power in 2013, had no more money to spend as the oil revenue source diminished as low crude oil prices persisted due to the US shale gas revolution .
The government, who suffered from tax addiction, and the people who enjoyed free subsidies , could not get out of withdrawal.
Then, as he learned from Chavez, he took out money and outbursted JGBs.
As a result, if prices went up, the market price was held down, and if private companies went bankrupt, they were nationalized repeatedly.
In Venezuela, 5 million people have left the border and citizens have lost an average of 11 kg last year.
Even if you vie for a trash can, you will not be late and will be saved.
The site Lupo of NHK, a public broadcaster in Japan, relayed a woman who sobbed all the gourds of water that he listened to as soon as he opened the refrigerator .
There is nothing but living hell.
Still Maduro
"The economic downturn is the responsibility of the United States, capitalists, and vested powers"
However, the left-wing policy is adhered to by the dichotomy logic.
The Greek financial crisis that started in 2010 was also a result of populism.
In the public sector, there was a retirement wind in the late 40s.
Even if he retires, he will receive a pension that is as good as he was in his active life .
Who wants to work?
Now that the EU has accepted the financial reform demands of the European Union (EU) and set out to recover from the crisis, the pain associated with the reduction of welfare continues.
