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by criticalfault 632 days ago
With the feeling people dislike milei, and risking down votes, could this be 'getting worse before it gets better'? As said in the following video:

https://www.youtube.com/watch?v=18RTtDVghfw

As someone not really too informed about argentinian politics or economy, but knowing stuff only from news reports - isn't milei doing really everything that macroeconomists said needs to be done?

First of which was to reduce the public sector and subsidies?

https://apnews.com/article/milei-economy-union-protests-stri...

Reduce Inflation?

https://www.reuters.com/markets/argentinas-august-inflation-...

And it seems that poverty didnt go to 50% under milei, but actually went 10% up (saw it in a different comment here).

I'm not for milei (or against him), as I said, I don't really know or understand argentinian politics to make an opinion (although what is being done might be a bit brutal), really just asking a question here. This looks like an economic transformation or economic revolution in progress, and there will be (of course) difficulties before it goes better.

2 comments

53/42 is 26%, not 10%.
It was obvious and predictable that laying off government workers and ending various subsidy/stimulus/welfare programs would leave many people worse off in the short term. There better be a part two of this plan.