The "Social Pact" is the name by which the economic and social programme of the third Peronist government was popularly known. It was a scheme structured around instances of tripartite dialogue with the participation of corporate organisations and the state, which underlay mechanisms of political exchange. This article deals with the shifts in the positions of the Montoneros in relation to this programme. These will be identified on the basis of an analysis of the organisation's publications and documents, the statements made by its leaders to the press, and other testimonies of the actors, giving priority to economic evaluations, but also taking into account political-social assessments. The central hypothesis of this work is that, far from a total rejection, the organisation began this process with ambiguous statements that allowed it to support certain economic-political aspects, and then moved towards a profound rejection of the plan, based on the contestation of the terms of political exchange that it implied.
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