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Macri-economics

Published by The Economist on Fri, 30 Oct 2015


MAURICIO MACRI'S path to politics was an unusual one. On a winter's night in 1991, as he was walking through his posh neighbourhood in Buenos Aires, he was attacked by three men. The assailants'corrupt police officers, perhaps'punched him in the face, bound his hands with wire and shoved him into a coffin in the back of a Volkswagen van. Mr Macri was held for two weeks before his father, a prominent Argentine businessman, paid a $6m ransom.Mr Macri says that this trauma led him to a career in public service. He gained fame by running Boca Juniors, a football team, for a dozen years until 2007, was elected to Congress and is now mayor of Buenos Aires, Argentina's richest and most populous city. He stands a good chance of winning Argentina's presidential election in November.His success does not come from personal magnetism. He rarely smiles when cameras are not present. In meetings he comes across as aloof, even apathetic. His speeches lack zest and originality. Perhaps realising he will never inspire a cult of personality, he opted to be a consensus-forger and team-builder. The party he founded and leads, Republican Proposal (PRO), started out on the right but has become more inclusive. It is non-Peronist'the political current to which his presidential rival, Daniel Scioli, belongs'but is not anti-Peronist; many ex-Peronists work...Continue reading
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