El Tejar, one of Argentina’s (and the world’s) largest agribusiness has moved, as Businesses Hightail It out of Argentina in droves.
Argentina has to re-learn this lesson every two decades, it seems like: socialism is a one-way ticket to the poorhouse. Someone ought to remind them of Einstein’s aphorism that insanity can be defined as doing the same thing over and over again and expecting different results.
I don’t think that Argentina has really internalized that lesson, at least in the past 80 years.
So businesses will continue to leave, especially when the cost of staying is higher than the cost of leaving.