'It must have been fantastically exciting,' a lot of people said to me on my return from a visit to Argentina last month.
It was exciting. But not, as most people imagined, because of continual mass demonstrations, clashes with the police, the expropriation of banks, and so on. I did go on one 120,000-strong, very enthusiastic demonstration--but demonstrations like that across the world seem two a penny these days after Barcelona and Rome. In general, however, the tempo and size of...