President Javier Milei, who has been in office for just over a month, is looking to employ tough austerity measures to bring down inflation, reduce a deep fiscal deficit and rebuild government coffers.
Sadly, as economies crash, it takes years, if not decades to repair the damage. Quick fixes or radical changes often just make the problem worse.
It’s one of the reasons why Greece is starting to improve after so long in the shit. Their workforce switched to other, stable industries, and due to a mixture of COVID and the global economy dropping, they found themselves finding some semblance of normality.
All economies are different, but Argentina will need to strip away the bullshit, and focus on building something that’ll last, with the resources they have. Sadly (and probably rightly so), telling people that the formative years of their lives will be full of unemployment, crushing debt, and no savings to take them into retirement while their kids may have a better outcome isn’t a vote winner
and even if it was, the next election could undo absolutely everything.
Narco communist government stopped all free trade and got loans to give many people the dole while selling ports and land to China on the cheap.
GASOLINE is subsidized for many billions usd a year while they don’t even have any crude…
It’s sooooo many ridiculous laws that stop progress.
NOW CHANCE IS UNDER WAY. HE IS THERE ONLY SINCE LESS AS A MONTH AGO.
All the news the people here in the comments are repeating (without source) IS LEFTISH PROPAGANDA. plz find a real source towards argentinas recent history. There are great easy to understand YouTubes of renowned tubers. Have fun.
Argentina and Ecuador will WIN AGAINST ORGANIZED NARCO CORRUPTION! FREEDOM WILL PREVAIL. THE GOOD PEOPLE ARE MORE.
Wait so, is this a conjob to later try to switch the country over to some cryptocoin, or was that the stated goal the whole time?
I genuinely feel bad for Argentinians, but jesus christ never put an AnCap in charge of a state.
Sadly, as economies crash, it takes years, if not decades to repair the damage. Quick fixes or radical changes often just make the problem worse.
It’s one of the reasons why Greece is starting to improve after so long in the shit. Their workforce switched to other, stable industries, and due to a mixture of COVID and the global economy dropping, they found themselves finding some semblance of normality.
All economies are different, but Argentina will need to strip away the bullshit, and focus on building something that’ll last, with the resources they have. Sadly (and probably rightly so), telling people that the formative years of their lives will be full of unemployment, crushing debt, and no savings to take them into retirement while their kids may have a better outcome isn’t a vote winner
I think they were looking at US $ as the replacement, not crypto.
No, it’s a DECADE of this.
Narco communist government stopped all free trade and got loans to give many people the dole while selling ports and land to China on the cheap.
GASOLINE is subsidized for many billions usd a year while they don’t even have any crude…
It’s sooooo many ridiculous laws that stop progress.
NOW CHANCE IS UNDER WAY. HE IS THERE ONLY SINCE LESS AS A MONTH AGO.
All the news the people here in the comments are repeating (without source) IS LEFTISH PROPAGANDA. plz find a real source towards argentinas recent history. There are great easy to understand YouTubes of renowned tubers. Have fun.
Argentina and Ecuador will WIN AGAINST ORGANIZED NARCO CORRUPTION! FREEDOM WILL PREVAIL. THE GOOD PEOPLE ARE MORE.