Fernando Botta

“Hoy por hoy, nadie se atreve a señalar lo evidente: que el crecimiento de la sociedad no puede surgir de elevar la media a la manera asiática, ….”

Magistral @JoseLuisDazaAR explicando el milagro económico: etapa de siembra con bases firmes para un crecimiento histórico. El populismo fundió todo; hoy @JMilei garantiza futuro con disciplina fiscal, libertad y trabajo productivo.

The Western left is driving civilization into a wall. Not out of malice. Out of comfort. To understand how we got here, you have to go back to one man: Antonio Gramsci. Gramsci was an Italian communist imprisoned by Mussolini. From his cell, he understood something Marx had missed: in the West, the revolution would never come from the factories. Workers were too attached to their culture, their religion, their family, their nation. To take power, you first had to take the culture. Schools, universities, media, art. He called it cultural hegemony. Win the minds before you win the ballot box. Decades later, the left applied the method to the letter. What a German activist would later call the long march through the institutions. But one intellectual weapon was still missing. It came from France. In the 1970s, a generation of French thinkers, Foucault, Derrida, Deleuze, Lyotard, produced something both fascinating and toxic. Everything is a social construct. All truth is a power relationship. Grand narratives are dead. Reason itself is suspect. It was brilliant. It was also a philosophy of decadence. A civilization that produces intellectuals whose job is to prove it has no value is a civilization that has begun to dissolve. These ideas crossed the Atlantic. They were rebranded as French Theory on American campuses. And they mutated. That mutation is wokism. Wokism is deconstruction applied to everything. The world is no longer divided between true and false, but between oppressors and oppressed. Merit becomes privilege. Science becomes opinion. The West becomes the universal culprit. And anyone who objects is silenced. This is where comfort comes in. These ideas cost nothing to the people who hold them. The tenured professor, the downtown executive, the Parisian columnist never bear the consequences of what they defend. They are luxury beliefs. You buy a clean conscience for free, and someone else pays the bill. But an ideology of deconstruction can't build anything. It needs an electoral base. The working class had already left for the right. So the left went looking for a new people. It found one in its alliance with political Islam. In France, it has become visible. According to Ifop, 69% of Muslim voters backed Mélenchon in the first round of the 2022 presidential election. An openly embraced electoral strategy, built on indulgence toward Islamism in the name of fighting Islamophobia. It's the most absurd alliance in political history. On one side, a left that defends feminism, LGBT rights, secularism and sexual freedom. On the other, an ideology that rejects every one of those values. They share only one thing: hatred of the West as it is. How does it end? History has already answered. In 1979, in Iran, the Iranian left, communists and Marxists included, allied with the Islamists to overthrow the Shah. They thought they were using Khomeini. A few years later, they were imprisoned, exiled or executed. The Islamists had used the left as a stepping stone, then eliminated it. That's the blind spot of this whole structure. In an alliance between an ideology that doubts everything and an ideology that doubts nothing, the one that doubts nothing always wins. The first victims of Islamism won't be conservatives. They'll be free women, gay people, atheists, artists, intellectuals. Exactly the people the left claims to protect. They are sawing off the branch they're sitting on. And they don't even realize it. Because comfort makes you blind. When you've never known scarcity, you think freedom is a natural state. It isn't. It was built, century after century, by a civilization that believed in reason, in truth, and in itself. Deconstructing that civilization means deconstructing the only conditions under which the left itself can exist.

Positioning in the US dollar is at one of the most extreme levels we’ve seen in years. The currency is also deeply overvalued and technically stretched. With rates rolling over and the Fed nearing the end of its hiking cycle, we may be approaching a major turning point. Meanwhile: Gold and silver are deeply oversold — a reversal in the dollar could unleash a powerful rally in both metals. tavicosta.substack.com/p/the…

$EWZ sold off hard after Lula’s surprising win this week, while markets had positioned for a Bolsonaro victory. The fundamental thesis stays the same: with the commodity boom underway, Brazilian equities should benefit immensely over time. A change in government would have been the cleaner positive catalyst — but this isn’t Lula’s first term, and these equities have lived through it before.

Si p/q una industria transformadora sea rentable tiene que acudir al Estado p/pedir q destruya el valor de mercado del eslabón anterior de la cadena, entonces no hay agregado, sino destrucción de valor. Nunca la industria transformadora puede exigir pagar menos que el valor real.