At the annual World Economic Forum conference in Davos, Switzerland, last week, U.S. Treasury Secretary Steven Mnuchin put self-appointed teenage climate-doom prophet Greta Thunberg in her place. After the Swedish 17-year-old’s hectoring Jan. 21 speech in Davos demanding that world leaders wreck their countries’ economies, putatively to save the planet, Mr. Mnuchin might well have been channeling a 1967 hit song whose lyrics included the line “Come back when you grow up, girl. You’re still living in a paper-doll world.”
Cry, yet again, for Argentina. The South American nation — rich in farmland, durable institutions and an educated population — has, for nearly a century, been an economic basket case. With the results of its recent presidential election, that sad tale looks set to continue.