this post was submitted on 23 Sep 2025
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Austerity for the people, MMT for wealthy and corporations has never had desirable outcomes for anyone but the wealthy and corporations. When the people relearn this lesson, we have to be diligent with reminding ourselves and communities.
The economic policies in Argentina are simply ridiculous. Everyone with a little bit of critical thinking understood Milei's plan would never work. The plan was simply maintaining dollar parity, getting more loans from IMF and slash social spending with the hope that inflation would magically go away. They never thought of solving the structural problems of Argentinian economy (Argentina exports do not grant enough dollars to cover for all their imports), even to salvage Argentinian own capitalist system.
But the worst part is that all Western economist magazines and newspapers were praising Milei's model. The whole press in Brazil were praising "Argentina's economic miracle". Now that Milei's ship is sinking badly, then the press is saying he wasn't liberal or "capitalist" enough.
He was even criticized by fellow libertarians who called what he has been doing with the central bank and government bonds a Ponzi scheme: https://forklog.com/en/economist-predicts-argentinas-financial-collapse-advocates-bitcoin-adoption/
Obviously this is coming from a completely wormbrained Austrian school libertarian who is pushing the bitcoin ponzi instead, but he isn't wrong about the carry trade scheme and the "bicicleta financiera" and how unsustainable this all is.
And who owns the press?
Exactly. For the bourgeois press, every successful economic indicator is because of capitalism and every bad indicator is because of socialism. In other words, liberals are never accountable for their bad policies.
sos de argentina? kjask
No I'm not. Why?