They don’t care about prosperity on the general population. They only care about the prosperity of the richest.
Chile is still our model country. Some people say that’s bad, because of the poverty. I don’t give a shit about the common people, only those who have the yachts.
- Zsolt Bayer, Fidesz pundit, (hopefully) future unemployed person
Producing a pope → poverty
Here in the states, we will soon be eating Rats-a-Roni, pigeon parmigiana, and weeds for fiber.
To be fair, Milei was handed an absolute shit show
(correct me if wrong, but it seems pretty bad)
“Pesada herencia” strikes again. Literally every government has claimed that.
Indeed. and they always say “vote for me” and a thousand other things. This has been well established, no need to repeat universal political slogans any further.
So is it your claim that Argentina was in decent shape before Milei took office? It wasn’t a shit show? It wasn’t pretty bad? What shape do you think it was in? Decent?
Nope, it wasn’t. My claim is that all recent governments received the country in “bad shape”. In this case, while some metrics improved, he did a lot of harm as well. All in all, I think the balance is negative.
My other claim is that this donkey meat story is bullshit. Find me a butcher shop that’s actually selling this, I’ll wait. I’ve literally never seen or heard of this type of meat being sold in Argentina.
Donkey meat is delicious tho
Getting to vs having to.
Big “and then the bears came” energy.
just bought this book can’t wait till i get to that part
Libertarianism fails faster than communism. It has been well documented and people still think it’s a better system of government
The core purpose of libertarianism is to enhance trickle-up economics. The wealthy 1% benefit and make off like gangbusters, everyone else loses.
Last Fall when our own citizens were going hungry in a government shutdown, Trump sent Argentina $40 billion, and instead of buying meat, they bought donkeys they could fatten up to eat later?
No wonder Argentina’s economy crashes every 2 years.
you are using the word billion incorrectly, a billion is a million million, and it was 20 thousand millons, not 40.
So in most of western Europe and most of South America, you’d be right as they use the long scale, but none of those are natively English-speaking nations. UK and Ireland use the short scale, as does the US, NZ, AU. Canada uses both, I’d assume the French speaking part uses long scale. Eastern Europe, Northern Africa, the Gulf states, and NW Asia actually use short scale with milliard instead of billion, and as you go towards south or east in Asia, you’ll run into completely different number systems, such as the funky Indian one that goes by hundreds rather than thousands as groups starting with 1,00,000 (1 lakh) and 1,00,00,000 (1 crore).
TL;DR: There’s no unified worldwide standard, but for pretty much all English language usage, you’d be wrong.
They are speaking English so a billion is a thousand million. There is no English speaking country anymore that uses long scale. So no English speaking country uses miljard for a thousand million.
So for context, in English billion is thousand millions, but in Spanish is a million millions (so, an English trillion)
They gave using the English definition.
Actually, it was a million million in english as well. It’s a thousand million in simplified (american) english, and for some reason, we just ended up kowtowing to their bullshit.
https://www.theguardian.com/notesandqueries/query/0,5753,-61424,00.html
It was a weird false friend, but now it’s even weirder they (US) just changed the definition of a number.
The us system of counting was generally considered easier and more reasonable and it had less quirks. The logic behind adopting it is literally the same one people use to argue the metric system is better. And it also was a fuck you to the British that no body liked at the time.
No
Math is hard -xta
What about that shitload of money his buddy trump gave him? Wasn’t that 40 billion?
I think it was a line of credit and it they already paid off this debt.
you are using the word billion incorrectly, a billion is a million million, and it was 20 thousand millons, not 40.
Why the hell are people posting this BS now.
It’s ten thousand lakh actually, or a hundred crore.
Quit throwing these fake Star Trek currencies around!
That’s the British usage of the word. Possibly elsewhere, but when the US uses that word we refer to 1000 × a million. Still entirely uncertain as to how that linguistic difference came about.
Literally no English squeaking country uses the British long scale anymore. It was nonsensical and problematic. The US short scale has been adopted as the English standard in every country on earth for the purpose of English measurement.
So if a country even if their native language is not English. When using English for official reasons uses the short scale. It’s only when using non English languages does the old long scale get used. Which is mostly a relic of British imperialism.
Even then a number of countries have started using us short scale even in their native language.
Us short scale is simpler and more understandable. It’s the same reason countries use metric. It makes more sense.
The Brits use short scale nowadays like every English speaking country.
Possibly because Americans were so keen to call themselves billionaires they lowered the requirement.
Similar to how they pronounce “Aluminium” the same as “Platinum” to make it sound like a precious metal.
This isn’t a criticism. If I’m being kind the real reason is that less separation between “million” and “billion” is functionally more useful, as well as aspirational.
We spell that word aluminum, not aluminium. That’s why we pronounce it that way. Why we spell it differently? No clue.
Also it’s not just a billion. A trillion is a thousand billion on this side of the pond, and has been since well before any Americans were even close to being billionaires. We just use a smaller standard for counting, but that’s also the standard French and Latin used, so I don’t think it has anything to do with us.
Funfact the British USE to say that word the way Americans do now. Then changed later. Americans way of say aluminum is actually the original and accurate way that the British invented.
Why y’all changed is beyond me. We are using it the way YOU wanted us to originally.
Same with the word soccer. The Brits invented it, and then changed their minds and now go around telling people its football, not soccer. Motherfuckers, this is your fault!
In part it was because it was named out of standard through a misunderstanding but then it wasn’t corrected…
You spell it differently so that you can pronounce it differently, as I say, to make it sound like a rare and valuable metal.
It is pure marketing.
Aluminium used to be hard to obtain. It was a rare metal and then some smart bastard worked out how to extract it using electrolysis and it became as common as dirt.
Some people had invested heavily in it as a precious metal and overnight their investment was worthless, so hence the reluctance to rebrand.
Nobody thinks aluminum is a rare and valuable metal.
In the mid-1800s aluminium was more expensive than gold.
Ok, I can see that. There are a couple of State Capitol Buildings whose domes are covered in Aluminum Leaf, which would now be called aluminum foil, and I have square yards of the stuff in my kitchen and garage. At the time they were built aluminum was still difficult to get, less than two decades after they were built electrolysis guy did his thing, lol.
I knew that at one point King Louis the somethingth or other, had a full set of aluminumware to serve extremely important guests with. Like not just cutlery, plates, saucers, bowls, cups and goblets. The less distinguished guests had to eat and drink out of platinum, gold, or (gasp) silver.
I didn’t know that about King Louis (n) … That’s a great fact!
In Canada we see US billion sometimes. It gets confusing.
For which use case? Is the billion = a million million standard, or is the thousand million standard?
Also how did we end up with two standards of such a basic numerical name?
English->English
French->American
Due to US market size, theirs is becoming more standard.
Like metric, the US swapped to the French version because of their hate of the British following the split.
Ok, see I knew French and Latin used the 1000 of the previous magnitude word is the next magnitude word, I wasn’t sure if that was standard or not. Seems that it is the Brits who changed things.
In English, “billion” means " a thousand million". “un billón” in Spanish is “a trillion” in English
He is a Catholic, converted to Judaism, and fully Zionist. Most likely he funnel that money back to trump through deals with Israel.
Less than $900 per person.
This is of course extremely biased meme. The reality is that so far Milei achieved a lot of what he planned for. The main issue in Argentina was huge inflation and out of control public spending. Both ruling parties were unable to address this for years so people got fed up and elected Milei as a kind of protest leader (“politicians can’t help us so fuck it, let the whole thing just collapse”). Just how tired of constant economic crisis running for decades everyone was is another story.
So Milei won and did what the previous governments didn’t want to do: cut spending. He got inflation under control by sacrificing big chunks of society. Old people got screwed, poor people got screwed but so far his plan of “short time suffering to achieve long term stability” seems to be working. Inflation is down, poverty is down, foreign investment and trade looks good. The question is no longer if Milei’s reforms will collapse the economy or not (they didn’t) but if the reforms will work long term or if the improvements will be short lived and not worth all the suffering it caused.
Like most people here I hoped that Milei’s politics will explode in his face and we’ll have a clear proof that the ideas sold by right wing populists are bullshit but it didn’t happen. The jury is still out on Argentina but anyway, each country is different and even if it will work there long term it doesn’t mean guys with crazy hair are good for the economy (as we can see globally now).
Most people criticizing Milei have no concept of what 300% inflation looks like. That means prices are going up about 25% every month. There central bank had a 133% peak interest rate, compared to the 3.5-3.75% rate in the US that Trump desperately wants cut.
Argentina was staring down hyperinflation like Zimbabwe or Weimar Germany. Bad things were coming either way.
I’ve been there when inflation was still around 100%. Stores looked full but when you started browsing it was all full of couple local products. No imports so no choice. Shrinkflation was also terrible. Candy bars were the size of single square of chocolate. To pay for a couple of days in a hotel you had to carry stack of bills that didn’t even fit in the wallet. Paying with card was not an option because the government established some fake exchange rates that made everything 2x more expensive as when paying with cash. You could tell everyone was resigned and only expecting things to get worse.
Oh he absolutely does not have inflation under control, and his approval rating is plummeting as it gets more obvious that his fire-selling the economy of Argentina is a band aid on a gunshot wound: https://finance.yahoo.com/economy/articles/milei-approval-falls-argentina-inflation-181705477.html
What data are you looking at?
(I said it’s down, not “under control”)
You literally said under control bro
Do you think 32.6% inflation isn’t high?
I think 3-4% is usually considered healthy for growth. They’re at 10x that.
I think it’s lower than 300%. Isn’t it?
32% isn’t even close to “under control” my dude
Read the previous comments. Check who said it’s “under control”. Reply to that person.
You literally did:
So Milei won and did what the previous governments didn’t want to do: cut spending. He got inflation under control by sacrificing big chunks of society.
That’s a direct quote from you.
He got inflation under control by sacrificing big chunks of society.
So by sacrificing large chunks of the people he’s supposed to serve?
I wonder if the rich elites are in that pool.Old people and poor people got screwed, but poverty is down? How does that work? And if it’s going well, what’s this about donkey meat? That’s a sign of underlying food price inflation. Not all of that can be traced back to global factors.
Old people and poor people got screwed, but poverty is down? How does that work?
Can’t have poverty if your poor die.
I’m not an economist so I don’t know the details but I know he froze pensions when the inflation was still high so pensioners in practice saw lower pensions. He also cut funding to food banks so people relying on them got hit. Inflation affects everyone in the country so I imagine when it went down salaries caught up with prices for a lot of people taking them above poverty levels. Donkey meat is only a sing of read meat prices going up which may just mean that a lot of meat is being exported which brings money to the country. I’m not saying that’s what happening, just that it’s possible to see lower pensions and donkey meat while people are being lifted out of poverty.
I love how you just quickly glazed over the part about closing food banks.
Nothing says helping the poor like taking away their only source of food!
If enough poor people die, I suppose the poverty rate will go down.
As an amateur economist I do feel like he made a lot of right decisions though he’s clearly corrupt. Dunno if this will work out in the long run as corruption will outweigh the gains of right economic decisions.
Absolutely. Everyone was expecting the corruption but I think most people didn’t expect any of the right decisions. No one knows what will happen long term but so far things went surprisingly well. Or course all the suffering he caused is terrible but at least for now there’s something to show for it.
Did anyone expect the rockabilly?
Are you sure you’re being honest with this review? Considering how the US had to bail him out? Without that, his policy WOULD have exploded in his face.
They said poor people got screwed and poverty is down in the same sentence. There’s no way this argument is in good faith.
Well if all the poor old and disabled people died, then yes logically poverty would be down
This is a serious economic strategy labeling people as “useless eater”, you know who called it that? Nazi Germany. They called it “Unnütze Esser”
(lit. “useless eaters” or “useless mouths”) Similar to life unworthy of life, a designation for people who dont or refuse to work, people with serious medical problems or disabilities, and other Untermenschen not deemed to be useful to Germany. It was used in the 1938 children’s book Der Giftpilz by Julius Streicher, and in Philip K. Dick’s book The Man in the High Castle and its television adaptation.
This sounds like “rich people are ok” where their “Wall Street” is doing better but skip the rest. They talked about trade and foreign investment, not generally concerns of the common or poor person.
Yeah I mean they accused the meme of being biased while ignoring the fact that people are being forced to eat donkey meat. Definitely not someone who cares about others.
Poor people can be mass murdered and poverty will go down, you do realize?
He might have found a different source of money if not from Trump.
Source of external money is irrelevant.
When your country is incapable of handling its own finances and needs a bail-out, it’s not a good fiscal policy.
Look up the history of Argentina. Getting bailed out by foreign money is a regular occurrence.
What’s dishonest about it? He did lower inflation and poverty but the way he did it, including help from US, is controversial. He did need help from Trump to do it but he is exactly the guy that could get help from Trump. What if a leftist leader secured help from Europe to save his reforms? Would that also mean their reforms were bad? I also think they already paid their debt to US which help their reputation and makes other investments possible.
You have two options:
- your economic policy is such that your country can stand on its own two feet, even if barely.
- your economic policy is such that if you don’t get a bailout from abroad, everything blows up in your face.
The first one is “good, even if controversial”. The second one is “horrible enough that will blow up without a bailout”
So, yes, if a leftist leader needed a massive bailout, their reforms would be considered bad.
tbis.
It’s unfortunate that it’s always the poor and the elderly, the rich rarely get thrown under the bus…alas they’re always welcome in some other shit country, like the US, so they have a way out, the poor, not so much.
I think an article in Swedish news ran about chicken becoming more popular in Argentina following the extended economic hardship under Miles.
To be honest, this is maybe the only silver lining of an otherwise fully shit Milei regime. They eat way too much beef in Argentina - they are the country that eats the most beef per capita by a large margin.
I’m confused, are you saying people running out of food is a good thing if it’s more environmental?
Running out of beef would absolutely a good thing. It’s among the highest producers of CO2.
Running out of food in general not so great.
the world is not black and white. bad things can have positive consequences and vice versa
No, I’m saying that Argentinians adopting chicken as a staple in their diets to replace their beef consumption is a good thing for the environment. I don’t wish any economic hardship on any of them.
And this is after the bailout.
10 usd for a pack of grinded meat, while salaries start at 330
I don’t like Milei at all but this thread is full of misinformation. I live in Argentina and literally no one is eating “donkey meat”. I don’t think that something butcher shops sell here. At least I haven’t seen it in my entire life.
Also, 1kg of grinded meat is about $6.7 USD with the dolar at $1400ARS/1 USD. Source. Not to mention that pretty much any butcher shop and supermarket has bank discounts between 20 and 30% on specific week days, so it can cost even less than that.
10 usd for a pack of grinded meat,
That’s a pretty large pack.
https://www.selinawamucii.com/insights/prices/argentina/beef/
330…per what period? Depending on the length, it starts at “bad” and starts moving toward “apocalyptic.”
Hopefully it’s per hour. If so, we should all move to Argentina! After some more questions about the nature of this “grinded meat”. I bet I could get the price on cockroach meat pretty low.
Imma guess monthly
Literally forcing people to eat ass to own the libs.
Hahaha
Anyone who thought the capitalist in bed with Washington and even Musk was gonna do anything good for anyone besides himself and whoever makes him richer is seriously detached from the world/intellectually challenged.
