ARGENTINA: Wealth Recovery

The chief aims of President Pedro Aramburu and the officers around him—as mirrored by their own words and deeds—took firm shape last week. They intend to wipe out the cult of Juan Peron, free the economy from strangling Peronist controls and then run off fair elections. The week saw dramatic steps toward all three ends.

Deperonizatlon. "To recover stolen wealth," a government decree confiscated the property of 263 persons and 68 corporations alleged to have grown fat under Peron. A National Wealth Recovery Board was empowered to administer the seized property as it saw fit. Most conspicuous on the list,...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!