Libertarianism fails faster than communism. It has been well documented and people still think it's a better system of government
This is of course extremely biased meme. The reality is that so far Milei achieved a lot of what he planned for. The main issue in Argentina was huge inflation and out of control public spending. Both ruling parties were unable to address this for years so people got fed up and elected Milei as a kind of protest leader ("politicians can't help us so fuck it, let the whole thing just collapse"). Just how tired of constant economic crisis running for decades everyone was is another story.
So Milei won and did what the previous governments didn't want to do: cut spending. He got inflation under control by sacrificing big chunks of society. Old people got screwed, poor people got screwed but so far his plan of "short time suffering to achieve long term stability" seems to be working. Inflation is down, poverty is down, foreign investment and trade looks good. The question is no longer if Milei's reforms will collapse the economy or not (they didn't) but if the reforms will work long term or if the improvements will be short lived and not worth all the suffering it caused.
Like most people here I hoped that Milei's politics will explode in his face and we'll have a clear proof that the ideas sold by right wing populists are bullshit but it didn't happen. The jury is still out on Argentina but anyway, each country is different and even if it will work there long term it doesn't mean guys with crazy hair are good for the economy (as we can see globally now).
Old people and poor people got screwed, but poverty is down? How does that work? And if it's going well, what's this about donkey meat? That's a sign of underlying food price inflation. Not all of that can be traced back to global factors.
If enough poor people die, I suppose the poverty rate will go down.
I'm not an economist so I don't know the details but I know he froze pensions when the inflation was still high so pensioners in practice saw lower pensions. He also cut funding to food banks so people relying on them got hit. Inflation affects everyone in the country so I imagine when it went down salaries caught up with prices for a lot of people taking them above poverty levels. Donkey meat is only a sing of red meat prices going up which may just mean that a lot of meat is being exported which brings money to the country. I'm not saying that's what happening, just that it's possible to see lower pensions and donkey meat while people are being lifted out of poverty.
tbis.
It's unfortunate that it's always the poor and the elderly, the rich rarely get thrown under the bus..alas they're always welcome in some other shit country, like the US, so they have a way out, the poor, not so much.
As an amateur economist I do feel like he made a lot of right decisions though he's clearly corrupt. Dunno if this will work out in the long run as corruption will outweigh the gains of right economic decisions.
Absolutely. Everyone was expecting the corruption but I think most people didn't expect any of the right decisions. No one knows what will happen long term but so far things went surprisingly well. Or course all the suffering he caused is terrible but at least for now there's something to show for it.
He got inflation under control by sacrificing big chunks of society.
So by sacrificing large chunks of the people he's supposed to serve?
I wonder if the rich elites are in that pool.
They don't care about prosperity on the general population. They only care about the prosperity of the richest.
Chile is still our model country. Some people say that's bad, because of the poverty. I don't give a shit about the common people, only those who have the yachts.
What about that shitload of money his buddy trump gave him? Wasn't that 40 billion?
He is a Catholic, converted to Judaism, and fully Zionist. Most likely he funnel that money back to trump through deals with Israel.
you are using the word billion incorrectly, a billion is a million million, and it was 20 thousand millons, not 40.
In English, "billion" means " a thousand million". "un billón" in Spanish is "a trillion" in English
That's the British usage of the word. Possibly elsewhere, but when the US uses that word we refer to 1000 × a million. Still entirely uncertain as to how that linguistic difference came about.
Literally no English squeaking country uses the British long scale anymore. It was nonsensical and problematic. The US short scale has been adopted as the English standard in every country on earth for the purpose of English measurement.
So if a country even if their native language is not English. When using English for official reasons uses the short scale. It's only when using non English languages does the old long scale get used. Which is mostly a relic of British imperialism.
Even then a number of countries have started using us short scale even in their native language.
Us short scale is simpler and more understandable. It's the same reason countries use metric. It makes more sense.
The Brits use short scale nowadays like every English speaking country.
Less than $900 per person.
Here in the states, we will soon be eating Rats-a-Roni, pigeon parmigiana, and weeds for fiber.
Producing a pope → poverty
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