During Juan Perón's heyday. Argentina's July 9 Independence Day parade in Buenos Aires was little more than a muscle-flexing display of military power marching to the monotonous tune of The Peronista Boys. Last year there was no parade at all; instead, a crowd of angry Roman Catholics marched through the streets shouting anti-Perón slogans and chanting hymns to show their disapproval of the government's feud with the church. Against so dark a background, last week's celebration stood out like a beam of sunlight.
Under bright, balmy skies the holiday-minded crowds gathered early along the broad Avenida San Martin. They packed the...