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Argentina success story

K Douglas

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Jan 5, 2005
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Room 112
Say what you want about Milei, he has completely turned a disastrous economy around in quick order. We could use this in Canada
 

K Douglas

Half Man Half Amazing
Jan 5, 2005
28,023
8,927
113
Room 112
The best way to reduce poverty is to create jobs and cut inflation. That obviously wasn't happening the past decade or so before Milei got into power in December 2023.
 

K Douglas

Half Man Half Amazing
Jan 5, 2005
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Room 112

RobI

Active member
Mar 28, 2009
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Toronto
www.toronto.xxx
Say what you want about Milei, he has completely turned a disastrous economy around in quick order. We could use this in Canada
We're definitely not in amazing shape. But we have a long way to go before we'd be in the same basket as Argentina before Milei and his chainsaw of anarchy showed up.

I think some TERB members would probably like his ideas on sex too :)

 
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WyattEarp

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May 17, 2017
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We're definitely not in amazing shape. But we have a long way to go before we'd be in the same basket as Argentina before Milei and his chainsaw of anarchy showed up.
You don't know what anarchy is unless you've held Argentine Pesos in the past.
 

WyattEarp

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May 17, 2017
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Maybe he's not convinced one will actually happen.
"The definition of insanity is doing the same thing over and over and expecting different results."

Sometimes cliches are repeated over and over for good reason.
 

danmand

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Nov 28, 2003
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No surprise you are rooting against a markets-oriented turnaround.
I do not consider it a turnaround. Figures show that the economic recovery has not translated into better living conditions for many, with the country’s poverty rate jumping to 53% in the first half of 2024, an 11-point increase.
 
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danmand

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Poverty in Argentina soars to over 50% as Milei’s austerity measures hit hard
This article is more than 5 months old
Far-right president has been battling inflation by imposing steep cuts in spending, resulting in widespread poverty

Harriet Barber in Buenos Aires
Fri 27 Sep 2024 19.36 BST
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Argentina’s poverty rate has soared to almost 53% in the first six months of Javier Milei’s presidency, offering the first hard evidence of how the far-right libertarian’s tough austerity measures are hitting the population.
The new poverty rate, reported by the government’s statistics agency on Thursday, is the highest level for two decades, when the country reeled from a catastrophic economic crisis, and means 3.4 million Argentinians have been pushed into poverty this year.

Since taking office in December, the self-described “anarcho-capitalist” – who campaigned with a chainsaw in hand to symbolise the cuts he would make – has slashed public spending in an effort to tame chronic inflation and eliminate the budget deficit.

His administration has frozen pensions, reduced aid to soup kitchens, cut welfare programmes and stopped all public works projects. Tens of thousands of public employees have been fired, reduced energy and transportation subsidies have pushed costs up, and purchasing power has eroded.
Kirsten Sehnbruch, an expert on Latin America at the London School of Economics and Political Science, said she had never seen such a large jump in poverty rates. “This new economic programme is not protecting the poor,” she said. “The jump is absolutely horrendous
 

Shaquille Oatmeal

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Jun 2, 2023
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An economy that looks good on paper, doesn't necessarily mean actual issues are being resolved.
Conservatives will cut services to reduce inflation, but services is what ensures people have what they need.
It is better for a government to be in debt and provide much needed services than the other way around.
 
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