Any sightings of Maduro fanboys with offers of ‘help’?
Tiny_Lynx4906 on
These people already were living in poverty if you take into acount the discrepancy of the official government value versus the actual value of the peso. Milei is not even doing anything radical, he is simply making the government, particularly the central bank hold itself accountable.
That’s not how this works… That’s not how any of this works.
CrowHead5906 on
Canada’s Justin Trudeau was quoted as commenting: “Hold my Cosmo.”
RobotChrist on
Is not only poverty, according to the same study of the UCA the indigence (not earning enough money to survive) doubled from 2023 to 2024, 1 in every 5 Argentinians can’t survive with the money they earn
I listened to a podcast interview with this guy not long ago. He’s a moron. Thinks everything is a Marxist plot
Luffy-in-my-cup on
Poverty rate here is measured on income, which is a misleading measure since the massive inflation from reckless government spending devalued those earnings the day after payday. Those living “above” poverty on paper still lived in poverty in terms of quality of life.
More than half of jobs in Argentina were government jobs before Milei, that is an absurd percentage of the workforce. Not to mention many of those jobs were unproductive patronage jobs that added nothing of value to the economy.
There has been some pain felt, particularly by corrupt bureaucrats and their cronies who have lost their free money streams, but that is the cost of reform.
Argentina is undoubtedly on a better path with Milei.
rs725 on
Guys, I’m beginning to think electing far right guys who’s policies are “give all the money and wealth to the rich” isn’t a good idea.
wildyam on
There will just be another military coup in a few months and the cycle will repeat
Greedy_Camp_5561 on
Shockingly, fixing problems that were allowed to fester for decades may involve some hardships. Like the temporary poverty rate increase by 10%.
Which still seems not too terrible for a “shock therapy”, especially when you take into account that with the rampant inflation under the previous government, many poor people were probably uncounted.
There is a reason why “nobody in history” (according to him) has made such large cuts all at once, because it’s a terrible idea.
Expect his fucking army of paid troll to descend upon this article and down vote every single comment like this and fill the post with responses lying about everything. He’s in the same far-right international network pioneered by Steve Brannon, and using the same techniques with massive number of trolls and disinformation in social media.
TheHopesedge on
Let him cook, we don’t actually know if it’ll work yet, we’re still seeing the effects of the previous 5 years manifested, once the changes he makes actually start to impact the status quo we’ll see if it improves things or worsens things, very similar to the Labour situation in the UK.
lordlordie1992 on
Who would have thought the guy who cosplays as a superhero and puts his own family in power would be…IMCOMPETENT?
Savacore on
This was predicted, and he warned everybody in advance. Whether his policies are beneficial or detrminental in the long run remains to be seen.
The *math* works out, but the problem with austrian economists like Milei is that their faith in *the math* often hides a lot of variables they forgot to account for.
21 Comments
[deleted]
Any sightings of Maduro fanboys with offers of ‘help’?
These people already were living in poverty if you take into acount the discrepancy of the official government value versus the actual value of the peso. Milei is not even doing anything radical, he is simply making the government, particularly the central bank hold itself accountable.
[deleted]
[Spikes from… 57% to 53%?](https://www.batimes.com.ar/news/economy/uca-poverty-in-argentina-hit-20-year-high-of-574-in-january.phtml)
Do you have an agenda?
“therapy”? “Capitalist cult”.
That’s not how this works… That’s not how any of this works.
Canada’s Justin Trudeau was quoted as commenting: “Hold my Cosmo.”
Is not only poverty, according to the same study of the UCA the indigence (not earning enough money to survive) doubled from 2023 to 2024, 1 in every 5 Argentinians can’t survive with the money they earn
All my strength for our brothers down there
reading friendly version [https://www.pular.site/?simplify=https%3A%2F%2Fapnews.com%2Farticle%2Fargentina-poverty-milei-economy-crisis-f766deb9302aa4ddde1bb9ae26aaf7af](https://www.pular.site/?simplify=https%3A%2F%2Fapnews.com%2Farticle%2Fargentina-poverty-milei-economy-crisis-f766deb9302aa4ddde1bb9ae26aaf7af)
I listened to a podcast interview with this guy not long ago. He’s a moron. Thinks everything is a Marxist plot
Poverty rate here is measured on income, which is a misleading measure since the massive inflation from reckless government spending devalued those earnings the day after payday. Those living “above” poverty on paper still lived in poverty in terms of quality of life.
More than half of jobs in Argentina were government jobs before Milei, that is an absurd percentage of the workforce. Not to mention many of those jobs were unproductive patronage jobs that added nothing of value to the economy.
There has been some pain felt, particularly by corrupt bureaucrats and their cronies who have lost their free money streams, but that is the cost of reform.
Argentina is undoubtedly on a better path with Milei.
Guys, I’m beginning to think electing far right guys who’s policies are “give all the money and wealth to the rich” isn’t a good idea.
There will just be another military coup in a few months and the cycle will repeat
Shockingly, fixing problems that were allowed to fester for decades may involve some hardships. Like the temporary poverty rate increase by 10%.
Which still seems not too terrible for a “shock therapy”, especially when you take into account that with the rampant inflation under the previous government, many poor people were probably uncounted.
I thought tho that the econ bros loved this fool
What a joke a field
He is constantly bragging by calling his budget cuts “[the largest in the history of humankind.](https://www.batimes.com.ar/news/economy/javier-milei-sparks-wild-rally-that-makes-peso-number-one-in-the-world.phtml)”, so there is no surprise about the results.
There is a reason why “nobody in history” (according to him) has made such large cuts all at once, because it’s a terrible idea.
Expect his fucking army of paid troll to descend upon this article and down vote every single comment like this and fill the post with responses lying about everything. He’s in the same far-right international network pioneered by Steve Brannon, and using the same techniques with massive number of trolls and disinformation in social media.
Let him cook, we don’t actually know if it’ll work yet, we’re still seeing the effects of the previous 5 years manifested, once the changes he makes actually start to impact the status quo we’ll see if it improves things or worsens things, very similar to the Labour situation in the UK.
Who would have thought the guy who cosplays as a superhero and puts his own family in power would be…IMCOMPETENT?
This was predicted, and he warned everybody in advance. Whether his policies are beneficial or detrminental in the long run remains to be seen.
The *math* works out, but the problem with austrian economists like Milei is that their faith in *the math* often hides a lot of variables they forgot to account for.