Say what you want about Milei, he has completely turned a disastrous economy around in quick order. We could use this in Canada
Argentina success story
- Thread starter K Douglas
- Start date
The level of poverty is now at 53%.
You cut all services to the poor so that looks good for the overall economy. But sooner or later those 53% will start to seriously complain...
You cut all services to the poor so that looks good for the overall economy. But sooner or later those 53% will start to seriously complain...
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.
www.statista.com
Household poverty rate in Argentina 2024 | Statista
The share of people living under poverty conditions in Argentina has increased considerably during the last three years.
www.statista.com
Expert reports say poverty rate has fallen to 36.8%
Experts warn of structural poverty risks as two reports tracking indices say the number of Argentines considered poor fell significantly in the last quarter of 2024.
www.batimes.com.ar
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
Javier Milei's gal pal Fatima Florez calls sex life 'explosive, explosive'
Argentina's new red-hot first lady spilled the tea about her 'explosive' sex life with the country's new president, sex guru Javier Milei.
torontosun.com
Hard to think any normal person would hold Argentinian currency as any sort of investment.
Argentina is a shit show now.
Milei disappeared the gold reserves and now is driving people into poverty.
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"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.
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.
Inflation edges back up.
The issue with Milei is whether the decrease in the inflation rate has much to do with his own actions, or whether it would have died of its own accord regardless of him doing anything.
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
Share
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
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
Share
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
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.
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.
