I know it doesn’t work like that but I think it’s mildly interesting
- 57% of Argentina population is 25MM people
- 12% of USA pop (amount who live in poverty) is 38MM people
I’m not sure if Milei has been in power for long enough to have any sort of meaningful impact.
I don’t expect him to have a positive impact, mind. But it always takes a bit of time before things change.
It’s been my experience that you can screw things up way faster than you can fix them
I’m not sure if Milei has been in power for long enough to have any sort of meaningful impact.
Doing things the regular way, he wouldn’t have.
That’s not what he’s doing, though. He’s tearing apart huge chunks of the government apparatus that people depend on with no safety nets or other mitigation of inevitable consequences.
It’s like the “let’s tear down each wall until we find out which ones are load bearing” approach to governance. Except they all are and he just keeps swinging his +5 Sledgehammer of Demagogue Stupidity.
except they all are
[Citation needed]
Demagogue Stupidity
Right, because its was so much more Democratic and smart to vote for the drug addict, corrupt, 400% inflation-rate causer, Sergio Massa
Sometimes, there are no good options.
Sure thing, boludo. Let’s see what you think in a year’s time.
The former government contributed a lot to this, specially in the last year. Poverty has been steadily on the rise since 2003. I cant (imo) blame Milei for this, but I can’t deny that if anything Milei has accelerated the impact of Kirchners’ missmanagement.
Another things to keep in mind, the Kirchners were famous for lying about inflation and poverty indices and this government is consequently “taking pride” in transparency. Milei is also using this numbers to show how bad the economy is… so numbers could be biased or exaggerated.
Poverty here is generally measured by household income, which means that inflation leaves a lot of people under the poverty line, which may or not be momentary cause we get constant salary increases… always under inflation, of course.
The thing is really bad, and people is living out of savings. A sign of that is that we can buy US$ by 1400 pesos in a bank, but people is selling so many dollars in the black market to pay bills that we can buy them for 1000 pesos on the streets.
If all this mess will pay out in the long term, I cant tell, but appealing to our erratic history, I would say that it won’t.
Where are you buying pesos at 1400?!
Also, the blue exchange is so small that it doesn’t even affect the economy
Thatcherism works everybody
You mean Peronism?
Nah, Milei is not peronist.
And Milei didn’t cause this. He was in office maybe a month at this point? And the poverty rate had already rapidly risen from 40% to 50% in the six months prior under Fernández.
49% but yes
