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Argentina inflation surges past 200%, hitting highest level in decades (www.nbcnews.com)

submitted 10 months ago by throws_lemy@lemmy.nz to c/world@lemmy.world

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[-] xmunk@sh.itjust.works 27 points 10 months ago

Milei has been pretty open about their policies... Unfortunately Argentina's economy is a dumpster fire and neoliberal asshats have been driving it further into the ground. You can think of Argentina's election of Milei as a hail mary... But an extremely I'll advised one.

When you're desperate even insane radical change can seem better than the status quo.

[-] vexikron@lemmy.zip 3 points 10 months ago

Wonderful.

I have not had enough time to follow everything about Milei, so it was a genuine question.

My nearest point of reference was El Salvador.

[-] Shardikprime@lemmy.world 2 points 10 months ago* (last edited 10 months ago)

insane radical changes

-stop printing worthless paper money bills

-cut useless government spending on extremely corrupt practices that permeate all public spending in the country to save money

-reduce spending as the previous economy ministry/presidential candidate left the country reserves in ruins spending 15 thousand millions USD in only 6 months just to try to buy the campaign and still lost.

-rebuild the country's monetary reserves by auditing spend.

Wow the insanity

[-] xmunk@sh.itjust.works 5 points 10 months ago

Those are pretty sane ideas but....

charge protesters for their own arrest
convert the country to using USD
scrap necessary government functions (like environmental oversight) for short term savings
remove restrictions on foreign investment

It's a mixed bag with Milei, some ideas are reasonable, some are hard to imagine how they'll be feasible, some are dumb... And a few are attributed to his dead dog.

[-] Mkengine@feddit.de 2 points 9 months ago

Can you elaborate on the dead dog? Is this a metaphor or do you mean it literally?

[-] xmunk@sh.itjust.works 3 points 9 months ago

https://brazilian.report/latin-america/2023/07/09/argentina-media-attack-milei/

He speaks to God by communing with his dead dog Conan who he has since has cloned.

this post was submitted on 14 Jan 2024

318 points (98.5% liked)

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