“Argentina registered a year-on-year inflation rate of 254.2 percent in January, the highest in 32 years, according to data released Wednesday by the National Institute of Statistics and Censuses (INDEC)”

Poorness rise to almost 58% while the president is refusing to hike the minimum wage, which is common to rise every 3 months or so even during the right wing liberal regime of Macri, but this guy FUCK NO he just signed a billion dollar subsidy to “Mercado Libre” the eCash monopoly owned by the richest Argentinean Galperin ~5 Billion of declared wealth

    • Siegfried@lemmy.worldEnglish
      914·
      9 months ago

      Yeah, we are still finding out the consecuences of the idiotic economical decisions of the prior government.

      • Diplomjodler@lemmy.worldEnglish
        281·
        9 months ago

        And do you think the economic decisions of the current government are going to make things better?

        • Siegfried@lemmy.worldEnglish
          77·
          9 months ago

          Economically, i hope so. Socially, it depends on how fast we can adjust… and we are not famous for being adaptive, so I expect that it will ultimately crush as all.

      • Noel_Skum@sh.itjust.worksEnglish
        31·
        9 months ago

        I feel for you guys (Argentinians) because almost every politician in the past has led you to this mess - and now you’ve elected a genuine nutter because, I guess, people felt they had nothing to lose. Good luck. I hope you guys get your country together soon.

        • Siegfried@lemmy.worldEnglish
          21·
          9 months ago

          There is a common trope in Argentina citing and old quote, i think its from Maistre. Los pueblos tienen los gobiernos que se merecen, ~“Countries have the governments that they deserve”. We surely deserved the krichners and now we also deserve this lunatic.

          A social worker I know asked a villero (far lower class) who was he voting for prior to the general elections, and he answered for Milei. The social worker then replied that with Milei, the villero will have nothing to eat. He replied that he doesn’t have anything to eat now, but with milei, you won’t either.

          Argentina has been broken for a long time

          • Noel_Skum@sh.itjust.worksEnglish
            1·
            9 months ago

            What that Villero said to your friend has helped me understand the rise of this type of politician all across the world far better. If it wasn’t so sad it’d be funny. I hope you get to fix your country one day and all your people then live a good life.

  • RizzRustbolt@lemmy.worldEnglish
    11·
    9 months ago

    “We’re going to do the exact same thing Nigeria did. But this time, it’s going to work!”

    “Oh no! It did the exact same thing that happened in Nigeria!”

  • Aurix@lemmy.worldEnglish
    6·
    9 months ago

    What is worrysome is the seeming practical impossibility to oust these men in power from their seats.

  • dangblingus@lemmy.dbzer0.comEnglish
    3·
    9 months ago

    I feel like the angry yelly guy with the silly mutton chops wasn’t giving “fiscally responsible” vibes at any point.

  • TheFrirish@jlai.luEnglish
    1·
    9 months ago

    I honestly do know what the Argentinians would have done. the previous government thought it was a bright idea to present the minister of the economy for the presidential election. A chihuahua would have sufficed to win. Instead a Goofy lion got in.

  • mellowheat@suppo.fiEnglish
    0·
    9 months ago

    Fixing the mistakes of leftist economic policies does not happen in a few months. It might be prudent not to vote in those people every x years.

    • Infiltrated_ad8271@kbin.social
      1·
      9 months ago

      It is certainly very early, but how long will we have to wait to evaluate their success or failure? Or will it be the typical “just one more term”?

      • mellowheat@suppo.fiEnglish
        0·
        9 months ago

        If we’re talking specifically about inflation, stricter monetary policy, currency changes Milei has suggested, lowering the deficit, free market policies (stopping price controls for instance) should fix the situation.

        If these things are successfully implemented, it should lead to increased trust in the economy, which in turn will help everyone, poor the most.

        • dangblingus@lemmy.dbzer0.comEnglish
          1·
          9 months ago

          What’s to stop corporations from exploiting consumers if there are no price controls? Free Markets don’t exist in our current world, especially not in any developed countries. Lowering the deficit? Okay. Sure. Just lower the deficit.

          Do you know how to lower inflation? It’s to raise interest rates until you force a recession. Increased trust in the economy? How do you know?

          • mellowheat@suppo.fiEnglish
            01·
            9 months ago

            What’s to stop corporations from exploiting consumers if there are no price controls?

            Competition is the main force. Of course things like ownership and other basic rights need to be enforced by the government. There are sometimes cases where the markets are working so badly that price controls might not be the worst option out there. But usually governments use it too easily, and for a known reason. Because it’s the populist thing do: it gets them get votes with practically none of the responsibility of the mess they make.

            Free Markets don’t exist in our current world, especially not in any developed countries.

            This is one the main reasons why they remain on that stage instead of climbing to (or staying in) the 1st world. Because they don’t have free markets. Bolstering free markets is what I believe Milei is trying to do.