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by Xuban
495 days ago
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I don't think this is the approach if you want people to side against Milei. His economic results are crystal clear: inflation is way down, the economy is growing, percentage of poor people is down, the debt and the stock market are way up, salaries are up and so on. |
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Inflation is still far higher than it was 15 years ago without contractive policies that are destroying the industrial fabric of the country, and the local understanding of economist that actually know a thing or two is that there is inflationary inertia that will not be solved by the current policies.
> the economy is growing
By no means is the economy growing; industrial capacity is down. The nominal price of goods is going up and the cost of living is going up which appears in some metrics as more money moving in the economy, alebeit for drastically lower production as the real price in US dollars has doubled across every product line. The indexes that show progress use outdated purchasing baskets.
> percentage of poor people is down
Poverty went drastically up at the beginning of his mandate and still has not recovered baseline values. Most poverty indicators continue to undercount the impact of the cost of food, medical insurance and services, which hit poor homes disproportionately. This can be observed by the fact that medicine and food consumption are the categories whose consumption has been hit the hardest.
> salaries are up
Registered salaries using indices that have no accomodated for the changes in inflationary inertia are not very useful. [Consumption, however, is the lowest it's been in 20 years with no sign of recovery](https://www.infobae.com/economia/2025/01/15/el-consumo-masiv...).