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In its historic mission of limiting the power, constitutionalism reduces power to the State. In this paper I will present the process of concentration of power that took place during the first years of the government of Carlos Menem in Argentina: concentration of power in the President, and in the economic corporations. Against this background, the constitutional reform projects and the discussions preceding of the 1994 reform, they were concerned about the President’s power but they forgot the power of private capital.

Presidentialism and economic power in the 1994 amendment of the Constitution of Argentina