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Argentina Lifts Wages, Welfare in Defiance of IMF Austerity Push
(news.yahoo.com)
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this post was submitted on 30 Aug 2023
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When has austerity ever worked?
It's working exactly as it is designed to. Funneling money from the poor to the rich.
Austerity is never advised in a situation where ANYTHING is going to work. It's the equivalent of trying to tighten your budget when you lose your job. It could possibly help a little but it's not going to fix it.
It has worked pretty good at increasing the power of the wealthy.