My questions regarding Argentina right now are: will he be actually able to reign in spending and reduce the debt to a point where it isn’t such a burden in public finances? Will the economy bottom out before the end of his term and start sustainable growth? Will the people actually tolerate all of this?
All the answers are no, and it’s not because of Milei, just as it wasn’t because of Macri or the Kirchners, the problem of Argentina is that it is full of Argentinians
As much as it pains me, I am convinced you’re right. It’s mostly an education / cultural problem. You can find similar situation in other countries of course but I’ve never it that extensive.
The result is having some of the worst politicians ever being elected, with no credible alternative.
Dude has destroyed the social system completely, caused food prices to explode and many other things with brutal consequences for the average citizen. Unhinged neoliberalism is definitely not the solution. A country isn’t a corporation.
Corporations aren’t run in a neoliberal way, though. They’re usually run pretty much as a sort of a communistic hierarchy: decision-making is hierarchical and centralized; resources of all kinds are pooled; uniformity in behavior and looks is encouraged; internal and external propaganda is strong; and internal competition is discouraged. And finally, most of the benefits of the work, i.e. money, goes to the top.
So yeah, countries definitely aren’t corporations, but the end result of that thought isn’t perhaps what you imply.
I mostly meant that in the sense that a country doesn’t need to be “profitable” or economical. They are the only actor on the market that can pursue other objectives than profit, like the welfare of the population or ecosystem, and also the only actor who can essentially ignore the rules because they make the rules.
I’m not arguing they should throw all sense in the wind and do whatever, but obviously this radical type of neoliberalism is an utter failure in caring for the citizens. And I would argue the first and foremost responsibility of any government is to care for its people, not to make the country an attractive investment.
Corporations (…) usually run pretty much as a sort of a communistic hierarchy
Wtf are you on about?? Typical corporate government is very much a feudal system where a few lieges receive the vast majority of the wealth produced by the workers. That’s exactly the opposite of the aims of communism, exactly what communists rebelled against.
decision-making is hierarchical and centralized
Again, that’s feudalism, not communism.
resources of all kinds are pooled
If by “pooled”, you mean that the work of the many pays for the pools of the few, then sure.
uniformity in behavior and looks is encouraged
Which is a feature of conservatism and authoritarianism in general, including but not limited to conservative communism, fascism and paleoconservatism.
internal and external propaganda is strong
Again a feature of authoritarianism, demagoguery and tribalism, not specifically communism.
internal competition is discouraged
My ass it is! Corporations encourage internal competition in myriad ways, such as leader boards, employees of the month, competitions with some paltry prize for the workers who excel in some metric or the other compared to their peers, performance based promotions etc etc.
Internal competition is how corporations keep workers from banding together against their liege lords and ladies, so they encourage it at every opportunity.
most of the benefits of the work, i.e. money, goes to the top.
Again, the opposite of the intention of communism. I know that some nominally communist countries such as the USSR and China are actually one-party oligarchies, but they’re examples of bad and dishonest leaders governing in ways contrary to the ideologies they pretend to believe in.
So yeah, countries definitely aren’t corporations, but you clearly have bizarre misconceptions about both corporations and communism.
That’s funny, I remember when I started my first job on a chemistry research campus for a major corporation I would tell my coworkers that it feels like a sort of communist commute or something. All resources were logged centrally and I was open to borrow or take resources from completely different labs.
Inflation before him was 10% monthly. On his first month in office, he raised it to 25% thanks to his measures. Second month 20%. Now, at 14%, we’re still 40% worse than the worst month of previous administration.
Prices are higher than the US or Europe now, while minimal wage remains unchanged at US$160. If he’s into something, it is something bad for sure.
Yup, it was clear from his policies that prices would go up initially, this is not surprising. The question remains if things will improve in the long run, and the article says that inflation is slowing, which was the goal. You just said it went 25->20->14, seems too early to judge where this goes.
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