The news that Argentina's Eduardo Duhalde, an old-style populist from the
Peronist party, has been elected by Congress to serve as the fifth
president in two weeks is not reassuring.

The Peronist party will almost certainly carry on the tradition of keeping
the people quiet at all costs by devaluing the currency further and
spending more on public benefits, and not tell them the truth that, at the
end of the day, the solution has to come from an enterprise culture and not
one of dependency on the State.

Of course, in the dire situation in which millions of Argentinians now find
themselves, the government has got to supply a basic safety net. But, as in
previous times, the Peronists will undoubtedly go further than that and
will continue to buy off one interest group after another until inflation
becomes rampant again. And it's likely to be far worse this time.

A new military dictator seems almost certain to me with the possible
re-emergence of the death squads and the disappearance of many young
intellectuals.

I don't know whether Carmen Lopez is still on FW List. If so, Carmen,
please look after yourself and lie low.

Keith Hudson

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�Writers used to write because they had something to say; now they write in
order to discover if they have something to say.� John D. Barrow
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Keith Hudson, Bath, England;  e-mail: [EMAIL PROTECTED]
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