this post was submitted on 10 Oct 2025
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In Argentina, President Javier Milei has screwed the economy up so badly he needs a $20 billion bailout. That’s because his “free market” economics don’t actually work.

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[–] DaMummy@lemmy.world 6 points 4 days ago (1 children)

I think it's important, for at least Americans, to see that those policies don't work. Yes it's a valuable lesson at the expense of a ton of people, but hopefully people at least learn from others mistake. And yes I hear that narrator voice right behind me.

[–] FaceDeer@fedia.io -3 points 4 days ago (1 children)

My point is that the simple fact that Argentina needed a bailout doesn't mean that his policies "don't work." These things are more complicated than a simple red or black number in an annual balance sheet.

To be clear, I don't like Milei. But Argentina was in a terrible state for a long time before he came to power, and whether I like a person or not doesn't have much effect on whether his policies are effective.

[–] DaMummy@lemmy.world 10 points 4 days ago

And my point being is that, just because America is in tens of trillions in debt, and we're on the verge of a massive market crash, doesn't mean that electing an economic libertarian that plays with chainsaws, performs at rock concerts, and is a friend to powerful rich people, will get us out of this mess. Again I state, I hear that screaming narrator voice right behind me.