International Argentinas President curbs inflation.

balkanbomber85 said:
True that! I would fly twice a year to Argentina if it wasnt for the flights.... While I lived there in 2019-2021 you could find good flights for like 500EUR (round way) but nowadays somehow acceptable flights incl. luggage I need (always take my fishing stuff) are like 1200EUR cheapest and for the most attractive times of the year like christmas or summer more like 1500EUR per person...
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Getting there is the thing, as you said. Too fucking far!!! lol and expensive in many cases.
 
His dead dog must he giving him fantastic economic advice...as people, even Cops, have turned on him in the streets.
 
Curbing inflation isn't what matters here. They had massive inflation and he needed to reset the currency. The country was broke and spending way more than it brought in. That had to be managed. Okay, he's done that. He cut public spending so there's less artificial increase in money supply (abridging the economics here), inflation curbs.

But while he was cutting public spending, it was also increasing poverty. Because cutting public spending doesn't mean that the nation itself is any more capable of providing for the citizens.

In the thread on this about 6 months ago, I said it's going to be a test case on austerity. What does he do after the pain of cutting public spending and the associated increase in general poverty because the people were dependent on that public spending to buy food and pay for shelter?

How do the people themselves eventually prosper?
 
And the bleeding heart idiots blame the guy who fixed it for the problems the country has, not the ones who caused the inflation in the first place.
 
Where is Argentinian Sherbro? He can confirm it or not.
 
ColemanwastheGOAT said:
If the only thing keeping you out of poverty is 'government spending' ie taking other people's money, then your lifestyle wasn't sustainable.

Fixing problems isn't easy.
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Uhm....yeah. Hence the part of the post that you ignored:

What does he do after the pain of cutting public spending and the associated increase in general poverty because the people were dependent on that public spending to buy food and pay for shelter?

How do the people themselves eventually prosper?
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That's the intellectually difficult part. Cutting spending is easy. Painful but easy. However, cutting spending doesn't actually improve your nation's baseline economic footprint. That's the part where people are able to sustain themselves via the economic opportunity available in the country. Goods and services produced.

The reason Argentina was subsidizing so many people's lives is because they weren't providing economic opportunity to people in the free market. Can this president change that?
 
panamaican said:
Uhm....yeah. Hence the part of the post that you ignored:



That's the intellectually difficult part. Cutting spending is easy. Painful but easy. However, cutting spending doesn't actually improve your nation's baseline economic footprint. That's the part where people are able to sustain themselves via the economic opportunity available in the country. Goods and services produced.

The reason Argentina was subsidizing so many people's lives is because they weren't providing economic opportunity to people in the free market. Can this president change that?
Click to expand...

People are adaptable but they aren't going to adapt if they don't have to.

It's like if you have diabetes and the doctor cuts your foot off. Just because the outcome if he left the foot on would eventually be much worse, that doesn't suddenly make having one foot fun.
 
panamaican said:
Curbing inflation isn't what matters here. They had massive inflation and he needed to reset the currency. The country was broke and spending way more than it brought in. That had to be managed. Okay, he's done that. He cut public spending so there's less artificial increase in money supply (abridging the economics here), inflation curbs.

But while he was cutting public spending, it was also increasing poverty. Because cutting public spending doesn't mean that the nation itself is any more capable of providing for the citizens.

In the thread on this about 6 months ago, I said it's going to be a test case on austerity. What does he do after the pain of cutting public spending and the associated increase in general poverty because the people were dependent on that public spending to buy food and pay for shelter?

How do the people themselves eventually prosper?
Click to expand...

He is a corporatist elitist, another phony Libertarian who almost immediately consolidated and empowered police agencies to protect himself and his class from the commoners (although he f*cked up by risking their pensions). People like this never sincerely care how the working class are faring, they care about favorable metrics, and the continued mass ignorance or distraction of the electorate, which keeps them in power.

It's no coincidence that you have people in this very thread who have been to Argentina expressing that things are NOT better, and then others who fall for populist bullsh*t applauding it.
 
I'm sure the millions of poor people are thrilled

More than half of Argentina's 46 million people are now living in poverty, new figures indicate, in a blow to right-wing President Javier Milei's efforts to turn around the country's beleaguered economy.

The poverty figure for the first six months of this year was 52.9%, up from 41.7% in the second half of 2023, said the country's Indec statistics agency.

www.bbc.com

Argentina records sharp rise in poverty

More than half of people in Argentina are now living in poverty, latest figures indicate.
www.bbc.com www.bbc.com
 
panamaican said:
Uhm....yeah. Hence the part of the post that you ignored:



That's the intellectually difficult part. Cutting spending is easy. Painful but easy. However, cutting spending doesn't actually improve your nation's baseline economic footprint. That's the part where people are able to sustain themselves via the economic opportunity available in the country. Goods and services produced.

The reason Argentina was subsidizing so many people's lives is because they weren't providing economic opportunity to people in the free market. Can this president change that?
Click to expand...

The Peronists are hypernationalists. The main reason the Country was broke was their total reluctance to engage in global trade, and yet their contentment to take loans from the IMF. They have more than enough resources to fund what they were doing before if they didn't have a "Argentina for Argentinians" approach to everything. Even the leftiest lefty who isn't a total moron understands that isolationism in today's world is pretty stupid.
 
ColemanwastheGOAT said:
People are adaptable but they aren't going to adapt if they don't have to.

It's like if you have diabetes and the doctor cuts your foot off. Just because the outcome if he left the foot on would eventually be much worse, that doesn't suddenly make having one foot fun.
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That's a surprisingly superficial analysis.

Take Mexico for example. They're borderline a narco-state because the government has never figured out how to actually help the people prosper. So the people "adapted". They formed cartels, sold the only product they knew how to produce and tanked their nation while doing it. But hey, they adapted.

There are tons of poor countries that don't have robust government spending. Why haven't the people simply "adapted" into wealth production? Because generating prosperity at the national level is really fucking hard.

One of the reasons, wealthy countries provide social welfare is that people who are starving don't innovate. They're too busy trying to get food for that day or the next. People who can't afford shelter don't start businesses, they're too busy trying to stay out of the elements. Cutting social welfare doesn't create jobs, it makes the government more sustainable, which is good, but it has nothing to do with the people themselves.

At a fundamental level, a nation needs people who are well-fed, clothed and sheltered before those people can direct their energy towards creating wealth. A guy with the ability to become a doctor does not pursue medical education unless he's already secured food and shelter. The longer it takes for that guy to secure food and shelter, because they aren't enough quality jobs, the less likely he enters into a profession that elevates the nation itself. Extrapolate that across the entire nation.

It's very easy to say "Just go get a job." From who? That pays what? The nation is broke because they weren't producing anything in the first place (other than soccer players). Their #1 exports are grains and cereals. Which means low paying harvesting jobs. Which is why they're broke.
 
Sinister said:
He is a corporatist elitist, another phony Libertarian who almost immediately consolidated and empowered police agencies to protect himself and his class from the commoners (although he f*cked up by risking their pensions). People like this never sincerely care how the working class are faring, they care about favorable metrics, and the continued mass ignorance or distraction of the electorate, which keeps them in power.

It's no coincidence that you have people in this very thread who have been to Argentina expressing that things are NOT better, and then others who fall for populist bullsh*t applauding it.
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Well, unfortunately, a lot of people in this forum don't really understand where national wealth really comes from. They equate the government with the free market and so confuse which government actions are relevant to the people trying to survive and which ones aren't.

As far as this Argentinian President, I'm going to wait and see. I don't have a problem with curbing inflation by cutting government spending. But it's what comes next that really matters if he's going to turn the country around. If he just cuts government spending then the country remains broke and it's another example of how "austerity" doesn't work as advertised.
 
Sinister said:
The Peronists are hypernationalists. The main reason the Country was broke was their total reluctance to engage in global trade, and yet their contentment to take loans from the IMF. They have more than enough resources to fund what they were doing before if they didn't have a "Argentina for Argentinians" approach to everything. Even the leftiest lefty who isn't a total moron understands that isolationism in today's world is pretty stupid.
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Which is why I'm in wait and see mode here. I want to know what he does next.
 
Staph infection said:
The US is already a nation of unhealthy idiots with no safety net.
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9542f252-0212-4260-bd6f-59c7018f7d27_text.gif
 
panamaican said:
That's a surprisingly superficial analysis.

Take Mexico for example. They're borderline a narco-state because the government has never figured out how to actually help the people prosper. So the people "adapted". They formed cartels, sold the only product they knew how to produce and tanked their nation while doing it. But hey, they adapted.
Click to expand...

That's not mexico's fault, that's America's. It's America feeding the demand for drugs, not Mexico.
 
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