This article highlights an important paradox: in Argentina between 2003 and 2013 the center-left Peronist government's approach to governance mirrors that of the center-right Peronist administration of the 1990s. While the latter centralized authority to pursue neoliberal reforms, the former have centralized authority in the name of ex- panding government intervention in the economy. In both cases, corruption has tended to go unchecked due to insuffi cient government accountability. Therefore, although eco- nomic policies and political rhetoric have changed dramatically, government corruption remains a constant of the Argentine political system due to the executive branch's ability to emasculate constitutional checks and balances. The scholarship on democratic governance postulates that if countries in emerg- ing markets want to create competitive capitalist economies it is necessary to build strong democratic institutions based on checks and balances, which foster political accountability and economic transparency. Guillermo O'Donnell's (1994) work in this regard paved the way for many empirical analyses that stressed how the neo- liberal policies adopted throughout the region during the 1990s failed in part pre- cisely because they were implemented in a way that undermined the democratic process. In turn, this allowed serious abuses of public trust, resulting in crony capitalism and/or outright corruption, which in the end undermined the reputa- tion of neoliberalism in the region. Likewise, these abuses contributed to major economic crises in countries that in the early 1990s were hailed as poster children of the neoliberal experiment: Mexico (1994-1995) and Argentina (2001-2002). For many pundits the popular disappointment with neoliberalism contributed to the election of protest candidates throughout South America, starting with Venezuela's Hugo Chavez in 1999. Indeed, during the past decade socialist and left-wing populist administrations were elected in the region. This phenomenon spurred a debate as to the ideological and policy differences within the new "left" in Latin America. Broadly speaking, academic analyses of this trend use a di- chotomy whereby the administrations in Brazil, Chile, and Uruguay are depicted as the "pragmatic" left as opposed to the "populist" left-wing governments ruling in Bolivia, Ecuador, and Venezuela (Castaneda 2006). Within this context Weyland, Madrid, and Hunter (2010) and Levitsky and Roberts (2011) have argued that Argentina under Nestor Carlos Kirchner (2003- 2007) and Cristina Fernandez de Kirchner (2007-present), constitutes an interme- diate case. This is because in Bolivia, Ecuador, and Venezuela populist presidents