ARGENTINA: Happy Talk

"One of these days," President Perón declared last week, "mankind in order to find its guiding star will set its eyes on Argentina ... I tell you that Argentina has not one single economic problem of any gravity. Economically we could be the greatest nation in the world!"

Garbed in a brigadier general's full-dress uniform, Perón opened the 84th Argentine Congress with a four-hour speech extolling the wonders of his government and of Argentina's "third position" between the Communist and the free-enterprise worlds. At the end he stood back and beamed at the applauding audience. Argentina's Number One Worker,...