Buenos Aires, Argentina — Thousands took to the streets of Argentina in the past few days to protest a series of economic decrees proposed by President Javier Milei. On December 20, Milei announced sweeping deregulations to Argentina’s economy, sparking backlash from opposition members and gro...
The last century has been a total and unmitigated disaster for Argentina. The two options Argentinians had in this election were:
More of the same by the guy who oversaw inflation reaching 160% (100% chance of things getting worse)
A total wild card (99.9% chance of things getting worse)
Unsurprisingly, they went for the latter. I don't think anti-libertarians get to gloat in this context, given it's the Argentinian establishment which has overseen one of the most remarkable examples of total state-collapse and economic failure in modern history.
I don't actually know anything. But casually to me it looked like a choice between 160% chance of it getting worse and a 300% chance of getting worse. And it's not very surprising at all in these circumstances many go for the latter for all sorts of reasons (and delusions). But I don't actually know anything.
That's bad math. Yes, if you put the same people in office. There's nearly 100% chance that they will continue doing what they have been doing. Good or bad. But if you put a lunatic with a grudge against reality in office. Who is aligned, or would align himself with the people who caused the problem before. You have 150% chance that things will get worse.
It's the key ideological problem with the book. Rand was right that people do not inherently owe anyone else the fruits of their labor, but wrong about who was holding the world on their shoulders. It wasn't the handful of elite, but the masses without whom the elite would be living in caves and running from bears.
Who is John Galt? We the people are.
And yes, throughout history pretty much every authoritarian regime ultimately collapses or sends their country back decades in progress by not knowing that lesson.
From everything I've heard about the election in Argentina, it was the meeting of "Anything is better than this" and "it can always get worse." The former won, and proved the latter correct.
No, the current policies are just getting reality and practice closer together.
IRL their money was ALREADY devalued soooooo much, he didn't do anything to change that, just adjusted it to reality.
Subsidies on imported oil is CRAZY for a bankrupt country.
YOU GUYS HAVE NOT UNDERSTOOD WHAT IT'S LIKE TO HAVE DECADES OF 100% OR MORE INFLATION PER YEAR.
Fuck around and find out. I'm so sorry for everyone who was duped by libertarians pretending they will do anything for regular people and not just the wealthy shareholders, everyone who was held back by economic sanctions in a war against 'muh socialism', and all those who saw the obvious coming but were dragged into it by the other rubes. This is going to suck. I hope the protests will work
They are chanting against the IMF... why?, I thought....
oh...
BUENOS AIRES, Dec 9 (Reuters) - A U.S. delegation gave its support to Argentine President-elect Javier Milei over talks with the International Monetary Fund (IMF) and developing its lithium sector during a meeting in Buenos Aires on Saturday, a White House official told Reuters.
Juan Gonzalez, adviser to U.S. President Joe Biden and the National Security Council's Western Hemisphere senior director, said the talks, a day ahead of Milei's inauguration, were "very positive" and focused on the country's embattled economy.