Buenos Aires, Argentina — Thousands took to the streets of Argentina in the past few days to protest a series of economic decrees proposed by President Javier Milei. On December 20, Milei announced sweeping deregulations to Argentina’s economy, sparking backlash from opposition members and groups representing unemployed people. Riot police were dispatched at major protest […]
Milei — who has been described as an anarchocapitalist — set out to reduce the government’s involvement and oversight in many aspects of Argentina’s economy, including announcing that he would privatize many state-owned companies, would decrease labor protections and remove regulations that limit the amount of agricultural and productive land that can be owned by foreign companies.
Here’s one bit of context. Under the other candidate, the one this guy Milei ran against, who was the economic minister of the previous government, in September inflation reached 124%.
In case you were wondering why Milei won.
You also need to know the bigger history of Argentina’s last century of economic decline.
Argentina is taught as a case study in undergraduate economics courses in ‘how not to manage an economy’.
Holy yes, that’s a whole lot to unpack here. I understand the situation a bit better now. What a shitty choice for an election xd
On the plus side, I understand the Argentinean memes now that pop up then and there—their game is on point. (South American/Latin American meme culture, in general, is on top of things and much more represented among all age groups.) Kudos to them, still keeping humor alive despite the situation.
Yeah it’s a nasty choice. I legit think it was: guy who already screwed the economy (100% chance of things getting worse), guy who’s madder than a box of badgers but wants to try something different (99.9% chance of things getting worse), so let’s hope for that 0.01%.
I’ve been tangentially following Argentina for a couple of decades, lived there for a few months in 05. I started out really passionate about the situation there. These days , all I can do is shake my head.
Argentinian should just bear it for a bit until multinational corporations swoop in and buy various assets dirt-cheap. Imagine all the future profits! /s
Argentina going full GOP
RIP Argentina. I don’t know the situation that led to this, but man, that sounds real, real bad for the average Argentine people.
Here’s one bit of context. Under the other candidate, the one this guy Milei ran against, who was the economic minister of the previous government, in September inflation reached 124%.
In case you were wondering why Milei won.
You also need to know the bigger history of Argentina’s last century of economic decline.
Argentina is taught as a case study in undergraduate economics courses in ‘how not to manage an economy’.
The Economist have a good video on the current crisis (Why is Argentina’s economy such a mess? ) and this one about the broader trend since the 1900s/10s.
Thank you for the information sir!
Holy yes, that’s a whole lot to unpack here. I understand the situation a bit better now. What a shitty choice for an election xd
On the plus side, I understand the Argentinean memes now that pop up then and there—their game is on point. (South American/Latin American meme culture, in general, is on top of things and much more represented among all age groups.) Kudos to them, still keeping humor alive despite the situation.
Yeah it’s a nasty choice. I legit think it was: guy who already screwed the economy (100% chance of things getting worse), guy who’s madder than a box of badgers but wants to try something different (99.9% chance of things getting worse), so let’s hope for that 0.01%.
To amplify,
Economics Explained
Patrick Boyle
I’ve been tangentially following Argentina for a couple of decades, lived there for a few months in 05. I started out really passionate about the situation there. These days , all I can do is shake my head.
Argentinian should just bear it for a bit until multinational corporations swoop in and buy various assets dirt-cheap. Imagine all the future profits! /s