they don’t need “ingenuity”, they need to overthrow their government
That would be pretty ingenuous honestly. Overthrow your libertarian government with a communist one
Yeah but the left here is exclusively Trotskist, or at least the relevant political parties.
que onda gato ahre
😸
Mass privatization turning out to be a horrendous idea, who would thought.
Poverty now afflicts a staggering 57% of Argentina’s 47 million people, and annual inflation surpasses 270% — a level unseen in a generation.
Austerity for the people, MMT for wealthy and corporations has never had desirable outcomes for anyone but the wealthy and corporations. When the people relearn this lesson, we have to be diligent with reminding ourselves and communities.
The economic policies in Argentina are simply ridiculous. Everyone with a little bit of critical thinking understood Milei’s plan would never work. The plan was simply maintaining dollar parity, getting more loans from IMF and slash social spending with the hope that inflation would magically go away. They never thought of solving the structural problems of Argentinian economy (Argentina exports do not grant enough dollars to cover for all their imports), even to salvage Argentinian own capitalist system.
But the worst part is that all Western economist magazines and newspapers were praising Milei’s model. The whole press in Brazil were praising “Argentina’s economic miracle”. Now that Milei’s ship is sinking badly, then the press is saying he wasn’t liberal or “capitalist” enough.
He was even criticized by fellow libertarians who called what he has been doing with the central bank and government bonds a Ponzi scheme: https://forklog.com/en/economist-predicts-argentinas-financial-collapse-advocates-bitcoin-adoption/
Obviously this is coming from a completely wormbrained Austrian school libertarian who is pushing the bitcoin ponzi instead, but he isn’t wrong about the carry trade scheme and the “bicicleta financiera” and how unsustainable this all is.
Now that Milei’s ship is sinking badly, then the press is saying he wasn’t liberal or “capitalist” enough.
And who owns the press?
Exactly. For the bourgeois press, every successful economic indicator is because of capitalism and every bad indicator is because of socialism. In other words, liberals are never accountable for their bad policies.
sos de argentina? kjask
No I’m not. Why?
Libertarians sowing
Libertarians reaping
This article is from 2024. It’s even more hilarious now. The peso has dived downwards despite the past few days of dumping $1B US dollars to save the peso.
The economics YouTubers are having a field day over it at the moment. E.g. Sean Foo https://youtu.be/QJ7sVr1XP7I
(The bad analysis from certain other YouTubers is looking pretty embarrassing right now. E.g. https://youtu.be/5V2nOOd36Cs)
Bailout, here we come. The US will pay for it 😜.
Will the US even pay for it? Is it really in their interests to bail out the Argentine government? Aren’t puppets supposed to destroy the economy of their vessel state so its easier to subjugate to Washington’s ends?
I’d just assume it’s business as usual for the empire.
Bessent said US is looking at all options apparently.
Milei will run to any country for help at the moment. It’s all short term fixes, jerking the finance wheel side to side when the car is already rolling over. As others have said here, it’s a structural problem and austerity will never fix it.
No, they won’t. They said they would hoping for that to be enough to conjure the crisis, but Trump wouldn’t give a dime for Argentina, unless they give something back.
I found YouTube links in your comment. Here are links to the same videos on alternative frontends that protect your privacy:
Link 1:
Link 2:
