Inflation Hits 30-Year High In Argentina

some pirate@lemmy.dbzer0.com to World News@lemmy.world – 137 points –
menafn.com

"Argentina registered a year-on-year inflation rate of 254.2 percent in January, the highest in 32 years, according to data released Wednesday by the National Institute of Statistics and Censuses (INDEC)"

Poorness rise to almost 58% while the president is refusing to hike the minimum wage, which is common to rise every 3 months or so even during the right wing liberal regime of Macri, but this guy FUCK NO he just signed a billion dollar subsidy to "Mercado Libre" the eCash monopoly owned by the richest Argentinean Galperin ~5 Billion of declared wealth

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Are Argentinians at the finding out stage of fucking around yet?

Yeah, we are still finding out the consecuences of the idiotic economical decisions of the prior government.

And do you think the economic decisions of the current government are going to make things better?

Economically, i hope so. Socially, it depends on how fast we can adjust... and we are not famous for being adaptive, so I expect that it will ultimately crush as all.

I feel for you guys (Argentinians) because almost every politician in the past has led you to this mess - and now you’ve elected a genuine nutter because, I guess, people felt they had nothing to lose. Good luck. I hope you guys get your country together soon.

There is a common trope in Argentina citing and old quote, i think its from Maistre. Los pueblos tienen los gobiernos que se merecen, ~"Countries have the governments that they deserve". We surely deserved the krichners and now we also deserve this lunatic.

A social worker I know asked a villero (far lower class) who was he voting for prior to the general elections, and he answered for Milei. The social worker then replied that with Milei, the villero will have nothing to eat. He replied that he doesn't have anything to eat now, but with milei, you won't either.

Argentina has been broken for a long time

What that Villero said to your friend has helped me understand the rise of this type of politician all across the world far better. If it wasn’t so sad it’d be funny. I hope you get to fix your country one day and all your people then live a good life.

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Oh, is the fascism not working?

Who could've possibly seen this coming?! Austerity for thee (poors) but not for me (rich).

fascism? since when is anarchism fascism??

Milei

Anarchism

lol

Anarcho-Capitalism is a form of Anarchism

No, it isn't. Anarchy presupposes an ethical community where people aren't actively trying to fuck each other over.

Since capital inevitably pools in the hands of the wealthy without invasive centralized regulation, "anarcho-capitalism" is an oxymoron designed to distract you from its inherent fascism.

I’m not a world authority on anarchy but pretty sure Anarcho-Capitalism is a made-up term. A bit like saying vegetable-meat. It’s an oxymoron. Anarchy and capitalism cannot exist together regardless of what people may wright. They’re fundamentally incompatible.

"We're going to do the exact same thing Nigeria did. But this time, it's going to work!"

"Oh no! It did the exact same thing that happened in Nigeria!"

We are doing what Ecuador did in 1998... which ended with the biggest economic crisis in 100 years in 1999

What is worrysome is the seeming practical impossibility to oust these men in power from their seats.

I feel like the angry yelly guy with the silly mutton chops wasn't giving "fiscally responsible" vibes at any point.

I honestly do know what the Argentinians would have done. the previous government thought it was a bright idea to present the minister of the economy for the presidential election. A chihuahua would have sufficed to win. Instead a Goofy lion got in.