Milei Delivers Crushing Poverty to Argentina

Sunday, December 08, 2024

For nearly 40 years, Argentina's poverty level had consistently hovered above 25 percent. But since the far-right Milei took office on December 10, 2023, that figure has skyrocketed.

Posted by reinheitsgebot at 08:33 PM | 8 COMMENTS | permalink | Comment on This Entry |

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Elon Musk

@elonmusk
Prosperity is ahead for Argentina
5:10 PM Nov 19, 2023

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#1 | Posted by reinheitsgebot at 2024-12-08 08:54 AM | Reply | Funny: 3

It's for their own good. This will build character. They didn't have real jobs, anyway. And if they did they only attended 6% of the time.

Besides, now that everyone's poor then everyone is equal.

That could be a MAGA slogan.

#2 | Posted by Zed at 2024-12-08 08:57 AM | Reply | Newsworthy 3

Make America Argentina Again!

Which is exactly the Plan.

#3 | Posted by Corky at 2024-12-08 10:40 AM | Reply | Newsworthy 1

Maybe they aren't releasing the name of the healthcare shooter because they are afraid of creating a "Joker".
I have little doubt this is one very risk that America faces, as the far right controls Congress, the Executive Branch, and the Supreme Corrupt Court. They are in it to enrich the big donors, and to do that they have to take from the poor.

#4 | Posted by Hughmass at 2024-12-09 07:30 AM | Reply | Newsworthy 3

"Argentina's inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to pull Argentina out of a dire economic crisis."

In the middle of one of the biggest economic turnarounds in history after a century or so of being one of the biggest economic basket cases in the world.

#5 | Posted by sitzkrieg at 2024-12-09 08:19 AM | Reply | Funny: 1

#4 | Posted by Hughmass

Be real, they are in it to Russianize the Oligarchy. I do not believe it will work here because of the differences in the population and distribution but they are going to try.

#6 | Posted by GalaxiePete at 2024-12-09 08:20 AM | Reply

It's for their own good. This will build character.

Meanwhile billionaires will buy up foreclosed homes at pennies on the dollar further consolidating ownership in the oligarch class.

#7 | Posted by Nixon at 2024-12-09 10:02 AM | Reply | Newsworthy 1

In the middle of one of the biggest economic turnarounds in history after a century or so of being one of the biggest economic basket cases in the world.

#5 | Posted by sitzkrieg

Inflation tends to drop when everyone is poor and no one can afford to buy anything.

Pretty basic Supply-Demand Economics here.

For example, their beef prices aren't going up...because NO ONE IS BUYING IT.

#8 | Posted by Sycophant at 2024-12-10 12:20 PM | Reply