ABSTRACT
The new crisis in the Argentine economy has worsened its problems of underdevelopment. The constitutional regime's economic policy cannot be put into operation in this way, and the new policy must be based on the democratic principles of Argentine society. The terrorist campaign which had threatened our internal security since the end of the 1960s was replaced by an uncontrolled abuse of power which oppressed most sectors of Argentine society. Economic policy is a major challenge which Argentine democracy has to face, and something which sets it apart from constitutional systems in other developing or industrialised countries. The principal sectors of Argentine society have learnt from experience that it was division among them which prepared the ground for military coups and the disastrous rule by a minority. The monetarist model collapsed because of its economic effects and because it impoverished the majority of the Argentine people.
