Word: entreguismo
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Dates: during 1950-1959
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...Entreguismo." In Argentina, which must sell beef in order to buy foreign oil, the saying goes that "every time you start a car you kill a cow." President Juan Perón wants foreigners to come in and produce enough oil to supply his country's needs and to staunch the wound that bleeds the economy of some $200 million a year. Perón last April signed the contract with California Standard, subject to legislative approval. Its main provisions were those that in general prevail throughout the world: 1) a 50-50 split of profits between government...
...when the contract went to the Argentine Congress it struck a political snag. Objections by the opposition Radicals came as no surprise. But some ultranationalistic Peronistas now joined in with the cry of "entreguismo" (literally "deliveryism"), meaning that Perón is giving away precious resources. The anti-contract arguments were mostly nonsense. Nevertheless, the Chamber of Deputies Industry Committee insisted last week that the contract would have to be modified in Argentina's favor...
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