Obviously, for neoliberals starving their own population to increase the imaginary numbers for foreign imperialist rentiers is more than acceptable, it is essential
Seems a bit early to tell if this will have much of a lasting effect. So-called economic “shock therapies” have a long history of working for a year or so, and then unraveling later. And especially for Argentina, the cycle of decades of growth followed by decades of recession has been going on for a while now. I’ll be genuinely impressed if he manages to actually fix the economy long-term, but that still remains to be seen.
*at the cost of widespread unemployment
They are siphoning all the money into corporations and then using the success of corporations (GDP) to evaluate their success.
Well they sure did make the GDP go up and now everyone is unemployed.
And in other news: Argentina’s poverty rate jumped from almost 42% to 53% during the first six months of Javier Milei’s presidency (https://apnews.com/article/argentina-milei-budget-congress-economy-inflation-c83178217097093d476fab94429768a4)
Appeasing the market needs humans sacrifice! Once the rich get their fill, the poor will… anyway who cares about the poor.
I mean, I’m not advocating support for the guy but citing stuff that happens within the first 6 months of taking office is a bit disingenuous.
Things generally don’t happen immediately after someone takes power, there’s a lag before things start to happen and change. I would imagine that the increase in poverty would have happened no matter who was in power and whatever happened after that first 6 months could be attributed to milei more than what happened within the first 6 months.
Milei is a Christian, authoritarian, regressive fascist.
And he would never have gotten into power if the Argentinian left had respected the independence of the central bank, been more pragmatic with their subsidies and let the market decide more of their economy. Protectionism doesn’t work and Argentina is a shining beacon letting everyone know that.
The left in Argentina did this to themselves. Even the trade unions in Argentina are struggling with support because they’re seen as complicit in the country’s wild overspending.
