International Milei's Neoliberal "Shock Therapy" is Devastating Argentina

[ferrisjso]

"Neoliberal capitalist demon" is like Whippy-level but reversed.

I don't know enough about this situation to comment, but generally, if you consider capitalism to be an invention, it is the greatest one we've ever come up with.

Oh fuck off.

People like you convince me we deserve to go extinct. This is the part of timeline people like you are supposed to begging for forgiveness.

 

[Jack V Savage]

Oh fuck off.

People like you convince me we deserve to go extinct. This is the part of timeline people like you are supposed to begging for forgiveness.

Yeeesh. You can be personally miserable while still acknowledging that this is the best time ever (so far!) to be alive.

 

[ferrisjso]

Yeeesh. You can be personally miserable while still acknowledging that this is the best time ever (so far!) to be alive.

I have a degree in history that is absolute horse shit. If you want to say this in 1945. Okay fine. But to say it in 2024 requires a special brand of obliviousness. Not even just capitalism throw that aside for a second look at the fucking architecture look at the urban planning, look at the degenerate culture just jfc its a dystopias dystopia. This periods only redeeming quality is the internet. And the internet you can't miss if you never had. And that applies to all the "hey you're fucking screwed but you have a microwave which Roman Emperors didn't have so you're better off then they are" sort of arguments. Gaslighting is the worlds biggest driver of carbon emissions.

This arrogance is a big part of why capitalism is so evil. You see angry people and instead of trying to reform to survive you keep spouting bullshit about how wonderful the system it is as said system is literally in the process of ending the world. Like I think Socialism and Communism is the worlds only hope of surviving "humanitys greatest invention" but it isn't perfect and can obviously be perfected instead of focusing on 19th century theory. But no y'all are so fucking high on your own supply of BS you honestly expect the world to ignore their own material conditions because you tell them the systems working wonderfuly and they are just emotional extremists who aren't being objective because they can't see the beauty in the flames burning around them.

 

[Jack V Savage]

I have a degree in history that is absolute horse shit. If you want to say this in 1945. Okay fine. But to say it in 2024 requires a special brand of obliviousness. Not even just capitalism throw that aside for a second look at the fucking architecture look at the urban planning, look at the degenerate culture just jfc its a dystopias dystopia. This periods only redeeming quality is the internet. And the internet you can't miss if you never had. And that applies to all the "hey you're fucking screwed but you have a microwave which Roman Emperors didn't have so you're better off then they are" sort of arguments. Gaslighting is the worlds biggest driver of carbon emissions.

This arrogance is a big part of why capitalism is so evil. You see angry people and instead of trying to reform to survive you keep spouting bullshit about how wonderful the system it is as said system is literally in the process of ending the world. Like I think Socialism and Communism is the worlds only hope of surviving "humanitys greatest invention" but it isn't perfect and can obviously be perfected instead of focusing on 19th century theory. But no y'all are so fucking high on your own supply of BS you honestly expect the world to ignore their own material conditions because you tell them the systems working wonderfuly and they are just emotional extremists who aren't being objective because they can't see the beauty in the flames burning around them.

My dude, you said that 1945 was a better time to be alive than today. And you claim to be a historian!

And I don't think it's arrogant to laughingly dismiss utter insanity like that.

 

[Scerpi]

Yeah, food prices rising 50% and poverty increasing by 16% isn't devastating. You're not the one who has to starve or be poor, so fuck 'em right? They're not human beings. They're just numbers on a spreadsheet.

lol... You realize 50% is an massive improvement over previous years?

The Peso is now 850 to $1... down from 1000 Pesos to $1?



Dope

You should stop self owning yourself and stop posting retard threads for awhile

 

[Scerpi]

But the inflation that existed on Biden's first day of office, is his fault right?

The declining economic indicators discussed in the article/OP only took effect after Milei implemented his capitalist reforms.

lol... Inflation was under 2% when Biden took office.... How are you this retarded?

 

[Islam Imamate]

What exactly is "neoliberal reforms"? because as far as we can tell Latin America in general is less neoliberal than Western Europe and the US, in general Latin America is not "neoliberal" (whatever the fuck that means).

"neoliberal reforms" is basically what far leftists call Latin America abandoning economic voodoo in favor of more orthodox economic policies but Latin America as a whole has still a long way to go to be on par with developed economies.

In undemocratic countries neoliberal reforms can backfire because they are unevenly applied. In the Arab world when these reforms were imposed by dictators it was more like "neoliberalism for thee, Arab socialism for me" where subsidies were cut and SOEs sold off but to regime cronies who still used their proximity to state power to maintain economic control.

Leftists think this is what all countries around the world are like when neoliberal reforms are imposed but that's far from the case. In democratic developing countries these kinds of reforms are some of the most important, the issue is it takes a strong leader with popular legitimacy and good governing skills to get them through but if successful it can be a huge boon to the ruling party. Erdogan and the AKP's popular legitimacy in the first ten years of their rule was based on having liberalized the economy which was very statist under the Kemalists.

 

[blackheart]

lol... You realize 50% is an massive improvement over previous years?

The Peso is now 850 to $1... down from 1000 Pesos to $1?



Dope

You should stop self owning yourself and stop posting retard threads for awhile

Source - "Reagan Republican" on twitter.

And I'm the one owning myself? Christ - imagine using a random tweet from a partisan weirdo on twitter as a source? Do you even have the required self awareness to be embarrassed about that?

 

[Rod1]

Bro 99.99%...lol Well I'm glad you have that kind of faith in the Argentinian system. Not sure I can jump on that train, though.

I don't know that Mileil is a "good economist." This remains to be seen.

100 Days of Javier Milei's government: vindicates the dictatorship and attempts to militarize domestic security policies

Javier Milei's government vindicates the criminal plan of the armed forces carried out during the 1970s. But it is not just an attempt to rewrite history and deny these crimes; it also aims to legitimize his policies in the present.

www.cels.org.ar

Argentina: Javier Milei’s government poses an urgent threat to human rights

Hundreds of thousands of people took to the streets in Argentina to commemorate victims of the country’s military dictatorship amid renewed concerns for human rights.

theconversation.com

Both of those articles lay out some of the dangers of the Militarism Mileil is engaging in. Now, I dont pay too much heed to the shock value of some of the details, but rather the broader trend of appointing former Military officials to traditionally civilian positions, Military expansionism, and the encroachment of Military operations in domestic security.

First article talks about militarization of police actions against narcotrafficking something that goes beyond Milei and is a common theme among different Latin American countries, with Rosario being the target, i don't know if it would work but Rosario is basically the Mexico of Argentina in terms of violence. Its certainly concerning but its not Bukele levels.

The second article doesn't has any substance.

 

[Sinister]

First article talks about militarization of police actions against narcotrafficking something that goes beyond Milei and is a common theme among different Latin American countries, with Rosario being the target, i don't know if it would work but Rosario is basically the Mexico of Argentina in terms of violence. Its certainly concerning but its not Bukele levels.

The second article doesn't has any substance.

It tells about that being the alleged reason for giving the Army command over domestic security. Meliel forced over 20 Generals to retire, and has appointed more former Military personnel to otherwise Historically civilian positions. Militarism in thos fashion is absolutely a hallmark trait of fascists.

 

[Rod1]

It tells about that being the alleged reason for giving the Army command over domestic security. Meliel forced over 20 Generals to retire, and has appointed more former Military personnel to otherwise Historically civilian positions. Militarism in thos fashion is absolutely a hallmark trait of fascists.

Its a hallmark of populist authoritarians, getting the armed forces on your side is the first step on becoming a succesful dictator.

But that usually involves greasing corrupt generals over career ones and getting them well fed and happy.

Seems to me Milei is actually doing the opposite

https://www.lapoliticaonline.com/politica/militares/

 

[Sinister]

In undemocratic countries neoliberal reforms can backfire because they are unevenly applied. In the Arab world when these reforms were imposed by dictators it was more like "neoliberalism for thee, Arab socialism for me" where subsidies were cut and SOEs sold off but to regime cronies who still used their proximity to state power to maintain economic control.

Leftists think this is what all countries around the world are like when neoliberal reforms are imposed but that's far from the case. In democratic developing countries these kinds of reforms are some of the most important, the issue is it takes a strong leader with popular legitimacy and good governing skills to get them through but if successful it can be a huge boon to the ruling party. Erdogan and the AKP's popular legitimacy in the first ten years of their rule was based on having liberalized the economy which was very statist under the Kemalists.

The issue we are discussing here is when right wing populists who happen to also be eccentrics that Court the wealthy class become these "strong leaders." I mean I cant think of any other time that has ever comically backfired.

 

[Islam Imamate]

The issue we are discussing here is when right wing populists who happen to also be eccentrics that Court the wealthy class become these "strong leaders." I mean I cant think of any other time that has ever comically backfired.

When we're talking about drastic reforms like this is fair to get nervous and especially with a populist in power. But sometimes to deal with crises like these you do need an unorthodox leader who is willing to take drastic measures. I don't expect much from this administration but I'm will to wait and see before rushing to judgement.

 

[Rod1]

lol... Inflation was under 2% when Biden took office.... How are you this retarded?

Not to break your Biden bad knee-jerk reaction but inflation is the job of the Fed, not the president.

I think it kind of had more to do with all the money printing done by the Fed in 2020, especially since inflation is not immediate, it takes around 6-9 months to materialize, according to Milton Friedman at least.

 

[Scerpi]

Source - "Reagan Republican" on twitter.

And I'm the one owning myself? Christ - imagine using a random tweet from a partisan weirdo on twitter as a source? Do you even have the required self awareness to be embarrassed about that?

What? Hahahaha... Do a fucking an ounce of research you fucking dumbass.

Just found two news articles confirming the same data. Come on clown. "October 2023 Argentina Peso inflation"

Holy shit... Just delete your account already

Chud indeed

Inflation comes in at highest level since our records began

Inflation came in at 142.7% in October, up from September’s 138.3%. October’s figure was the highest inflation rate since our current records began. The trend pointed up, with annual average inflation coming in at 115.5% in October (September: 110.5%). Lastly, consumer prices increased 8.30%...

www.focus-economics.com

Inflation came in at 142.7% in October, up from September’s 138.3%. October’s figure was the highest inflation rate since our current records began.

Oh Look... Inflation was worse than my previous post you dipshit

And hey Asshat... Look Rueters

Argentina's beleaguered peso sinks to new low as election looms​

https://www.reuters.com/markets/currencies/argentinas-peso-currency-hits-fresh-record-low-informal-market-2023-10-10/

BUENOS AIRES, Oct 10 (Reuters) - The free-fall of Argentina's troubled peso showed no signs of slowing on Tuesday, with the local currency surpassing the psychological barrier of 1,000 pesos per U.S. dollar less than two weeks before a crucial presidential election.

Cmon... you got any more dumbass comments.

 

[Rod1]

When we're talking about drastic reforms like this is fair to get nervous and especially with a populist in power. But sometimes to deal with crises like these you do need an unorthodox leader who is willing to take drastic measures. I don't expect much from this administration but I'm will to wait and see before rushing to judgement.

Its kind of ridiculous though, how Argentina is so fucked up that the "unorthodox" guy is being called unorthodox because he wants Argentina to follow economic orthodoxy.

 

[Scerpi]

Not to break your Biden bad knee-jerk reaction but inflation is the job of the Fed, not the president.

I think it kind of had more to do with all the money printing done by the Fed in 2020, especially since inflation is not immediate, it takes around 6-9 months to materialize, according to Milton Friedman at least.

He made the claim about inflation being of control when Biden took office... not me. It was below 2% in January when Biden took over.

And agreed...

It wasn't just 2020 that money was printed... It was also March 2021 American Rescue Act... lol. Funny name.

The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession

It did the opposite in the end.

The 2020 aid package made more sense because most of the country was in lockdown. Businesses and workers needed money.

But the 2021 package was stupid... Most of the country had been back to work for quite awhile by that point. It was senseless and damaging.

 

[Lonesome Crow]

Haven't scrolled through all the posts, so I don't know if this vid has already been posted. It's a superficial overview of the current situation, but it's not bad. The basic gist is that things are bad now, but this was expected and Milei even said that things were going to suck, but there are signs that the long-term outlook is improving. Also important to note that Milei hasn't been nearly as radical in governance as he was during the campaign.

 

[Sinister]

Its a hallmark of populist authoritarians, getting the armed forces on your side is the first step on becoming a succesful dictator.

But that usually involves greasing corrupt generals over career ones and getting them well fed and happy.

Seems to me Milei is actually doing the opposite

https://www.lapoliticaonline.com/politica/militares/

Yeah I read about him initially making them promises about their pay (and othe expansions/updating), which experts said were impossible because the money to expand just isnt there. However, cutting Military pay after forcing leadership to retire is another maneuver that allows the upper ranks to be filled with idealogs instead of those most qualified (who want better pay). I mean, from your own article:

"In the Army, they see with discomfort that the privatizations that Milei wants to implement in companies of the Forces have already begun to attract the attention of senior commanders who, as in the nineties, see the possibility of making juicy personal businesses . "In high leadership they know with whom they get what," the source acknowledged."

And later:

"It was cut lower than what should have been cut, leading managers who were in the middle of their careers to retire and that is delicate because now they are appointing people with no experience," explained the source consulted."

Sounds a lot like "draining the swamp"...which translated into "fill the positions with more agreeable personnel."

 

[Rod1]

He made the claim about inflation being of control when Biden took office... not me. It was below 2% in January when Biden took over.

Ok, im sorry then, shouldn't had interjected in your conversation.