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submitted 8 months ago by Rapidcreek@lemmy.world to c/world@lemmy.world
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[-] DeadHorseX@lemmy.world 22 points 8 months ago

Here's one bit of context. Under the other candidate, the one this guy Milei ran against, who was the economic minister of the previous government, in September inflation reached 124%.

In case you were wondering why Milei won.

You also need to know the bigger history of Argentina's last century of economic decline.

Argentina is taught as a case study in undergraduate economics courses in 'how not to manage an economy'.

The Economist have a good video on the current crisis (Why is Argentina’s economy such a mess? ) and this one about the broader trend since the 1900s/10s.

this post was submitted on 27 Dec 2023
465 points (97.9% liked)

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