Is Javier Milei Sinking the Argentine Economy?

[@petitandre]

Was argentina doing OK before Milei? No. There is no cure without pain.

[@cnachopchopnewsagency]

Before Milei, the inflation rate float around 80% to 140% but after Milei it is 260%😂 On top of that, after JUST 3 months of governance under Milei, the poverty INCREASE by 13%😂 He is just all fiery talk but doesnt know how global economy and relationship work. When he won, he announce severing ties with China but now Argentinian Delegates have been visiting China so often for rapproachement of relationship with China😂

[@josdesouza]

Pain for the working class to cure the ills capitalists have provoked?

[@C-Farsene_5]

thats what many Communists said too, best wait before we could say such things

[@michoacan55]

​@cnachopchopnewsagency You forgot to tell him that Argenitnan polititians have 4x their salary under Milei 😂

[@nedmode9412]

@@michoacan55 is that true?

[@bartoszbrown1322]

This is exactly what happened in Poland when we transformed from Socialism/Communist to Free Market Capitalism, and look at Poland now!

[@JA-pn4ji]

Poland has the EU and a then strong sugardaddy called Germany. Argentina's situation is different.

[@cnachopchopnewsagency]

Before Milei, the inflation rate float around 80% to 140% but after Milei it is 260%😂 Before Milei, unemployment rate is under 15% but now after Milei it is reaching 30%😂 He is just all fiery talk but doesnt know how global economy and relationship work. When he won, he announce severing ties with China but now Argentinian Delegates have been visiting China so often to rapproachment of relationship with China😂

[@Nom_AnorVSJedi]

Poland is the doormat of Europe. Get ready being the next Ukraine.

[@anush_agrawal]

​@@cnachopchopnewsagencywatch the full video.

[@1998marcom]

@@cnachopchopnewsagency Annual inflation has the rolling window issue. Look at monthly inflation.

[@ekananda9591]

Man, 55% disapproval are actually not so bad if you want to actually cut inflation

[@mozalevenberg]

It depends on the questions you make the public. In a thifernt questions on the same 53% to 54% approval for Milei.

[@C-Farsene_5]

just cos the bar was that low

[@larryc1616]

The disapproval rate will only get worse with the collapsing economy.

[@ferni...]

6 months losing 10% of approval is a looot

[@ekananda9591]

@@ferni... Solving multi decades inflation problems require a lot of time and efforts. Don't be discouraged by something like opinion poll

[@guiga582]

It truly amazes me the media criticizing Milei's policies when they are only 4 months old, like Y2Y inflation the guys is there for 4 months, how can you evaluate this 12 months policy ? Another BS thrown at us the poverty rate, like the guy is there for 4 months there is no way that he could be blamed for that since poverty rate was already sky rocketing and when he got into office it was already 50%. Also the currency devaluation BS, people were already using the devaluated currency, for example if you go to a restaurante there the exchange rate was 1 USD -> 1000 Pesos, what Milei actually did was remove the price control.

[@NotTheMayor]

This short term thinking is the failing of democracy. When people cant handle the tough parts before the good times, politicians begin to pander to them and say stuff like “Hey we’ll forgive your student loans” but never mention at the cost of what

[@mash288]

Economic growth is a good barometer of economic success. Not inflation targeting, especially when the inflation is cost push and as result of foreign denominated debt.

[@lunarthicclipse8219]

@@NotTheMayor Exactly, democracy is garbage when it comes to developing/fixing your economy. You need someone strong that will do what is necessary and handle the tough times untill the country can get back up on it's feet, then you can have democracy.

[@ingramfry7179]

There is a conspicuous absence of controversy in the comment section. International media's tendency to paint Melei as controversial hasn't taken hold.

[@dannyarcher6370]

Inflation is now lower than when he found it. He's pulled off a goddamn miracle in less than 6 months. Hopefully, the economy starts growing now and gets him even more support in the next elections so he can make even bigger changes.

[@chiuyingcheung9314]

Wow this is totally opposite to what I read from news😮 use your own account to comment, Milei

[@dannyarcher6370]

@@chiuyingcheung9314 You're one to talk, Pooh Bear.

[@oooshafiqooo]

@@dannyarcher6370 bro thats diabolical 💀💀💀 tho i agree with you, let it fall (to be an export based economy, your currency must start as a weak one)🔥🔥🔥🔥

[@aetius7139]

​@@chiuyingcheung9314Look its not something you could do in a matter of few months into office. Some people criticize millei because of desperation. They want solution now and dissapointed millei cant deliver. Only time will tell if it will work in the long run or no. At least for just now, he managed to keep goverment afloat and not add further debt.

[@theargentino4245]

@@chiuyingcheung9314 Because media is using the year inflation which, yes, it's still high. To give you an example they will tell you that the acumulated inflation since last year has gone up 82% with Milei's policies. The thing is, they won't tell you that each month, Milei on december started with 25, then 20 on january, 13 on february, 11 in march and 8 in april. Again, the acumulated in flation is still high, but he pretty much inherited a country with 200% inflation and in the border of a hiperinflation which was prevented.

[@stefanosnikolaidis552]

As a Greek EVERYBODY hated our governments when they started making the reforms and believe me some still think the reforms weren't necessary...the people can't understand why they can't continue living like they did...reforms are hard and they ruin lives but will give the next generations a hope for the future

[@Spido68_the_spectator]

Your country was plundered for its creditors, not reformed. There were many options, far less painful, that could have been tried. But as the german finance minister of the time said : elections can't be allowed to change economic policy

[@badluck5647]

​​@@Spido68_the_spectator Creditors plundered? Creditors lost money from Greek fraud and entitlement.

[@stefanosnikolaidis552]

@@Spido68_the_spectator my friend they GAVE US those options,the first time they lend us they gave us a few guidelines to follow so that the economy can start expanding,like opening up a few closed occupations...up until this day those same occupations are still closed (taxi,trucks and a few more)by closed I mean someone has to sell you a license to enter where is the free economy?the second time they lend us were like,ok you know what? Since you don't want to follow the guidelines start cutting expenses, we don't care what you're gonna cut figure it out yourself but at the end of the year you're gonna have a surplus in your budget, the third time they came they were like you know what if you want money you'll cut spending on this that and that then you're have a surplus...THIS is the story of Greece we've lived it and we know it and even up until this day there's people here that think it's Germanys fault that we were spending much more that we earned (which by the way is the way we are raised here in Greece don't spend more than you earn and yet the state was spending more than it was earning)

[@josdesouza]

Well done! You've been successfully lobotomized by the very same capitalists who are responsible for all that mess and who'll profit in the end. Not you.

[@msg4alexandre]

Doesn't help the fact Greeks Doesn't like to pay taxes, When I was there on holiday, I was surprised by the quantity of places refused to take cards, prefer to be paid in cash. Not mention the rich Greeks.

[@patriciocorrea-vr5kh]

Inflation is lower each month. Milei's popularity is still high. What are your sources??

[@whitehavencpu6813]

A lot of people are confused between inflation of the peso vs inflation of market prices. The value of the peso has inflated to 260% - And that's precisely according to Milei's plan because he devalued the peso and removed currency controls. The inflation in market prices has fallen to 10% - and that's what matters since people don't have to use controlled peso exchange rates.

[@Javier77040]

Yeah, on the video says Millei has 55% negative when is exactly the opposite, that's his positive image and support

[@GotoHere]

Their sources are fakes news CNN and fake news BBC.

[@mlbonfox8199]

Huh

[@cherubin7th]

No, he was showing the narrative of the mainstream media and then debunked it. But he kind of sounded like he is saying it, weird.

[@oleg5738]

I hope that the Argentines will have enough patience to see this through and reap the benefits, but their track record raises concerns that they will

[@ems735]

Creeme amigo que el 60% de la población la tiene ...creeme

[@-gemberkoekje-5547]

We will see what happens.

[@Ajee02]

Its less about patience and more about capability, the sad truth is that many of us simply couldn't survive such a harsh economic landscape, so when election time comes they HAVE to vote for whoever offers quick relief

[@youtubecensoringcomments7427]

​@@Ajee02lol in 4 years

[@Asfixian]

1st, the whole devaluation of the peso was approached as a "Sinceramiento" (basically, coming clean about something). Milei said that if the government is not going to sell you USD at the official rate, the REAL rate became the illegal price (the Dolar Blue, the USD Black Market), The ramifications of that Sinceramiento are way too complex for a KZbin comment. So I won't be going into that. I just wanted to put more context because it sounds as if he just did it for the lols 2nd, the public image of Milei is NOT going down, I don't know where you got those numbers, but over here, metrics show that 75% think that they'll be financially better off by 2025 3rd the Labor market reform has been approved last week

[@ouss]

Its a leftist channel, what did you expect.

[@alexlazar4738]

Devaluation effectively means that Argentina increased its foreign dollar denominated debt by 50% (by some 180 billion) so you will have to produce and export 50% more. It is good news for the US capitalist who can now get Argentine's resources cheaper and just syphon back the money they paid through accumulated interest on Argentine's debt repayment. It is bad new for ordinary Argentinians who will have to work twice as hard only to remain poor and to have their effort sucked away by WallStreet. Practically, Argentine is the US slave colony because the US gets everything from Argentina for free.

[@oscarl.decarvalho7397]

@@alexlazar4738 What you've written doesn't make sense in so many levels...

[@alexlazar4738]

@@oscarl.decarvalho7397 Easy to understand unless your salary depends on not understanding. Before the devaluation one dollar could buy one cookie from Argentina. Now, one dollar can buy two cookies in Argentina. So, in order to repay one dollar debt Argentine now has to sell two cookies instead of just one. Before devaluation the debt was one cookie, today it is two cookies. simple enough for you?

[@alexlazar4738]

@@oscarl.decarvalho7397 Easy to understand unless your salary depends on not understanding. Before the devaluation one dollar could buy one cookie from Argentina. Now, one dollar can buy two cookies in Argentina. So, in order to repay one dollar debt Argentine now has to sell two cookies instead of just one. Before devaluation the debt was one cookie, today it is two cookies. simple enough for you?

[@oliveradams8711]

He's a genius. When he's finished sorting out Argentina, please can he sort out the UK too?

[@romangnatenko2096]

The main reason UK is in ruins is thatcherism. Thus you don't need Milei, since you've already had one. Now enjoy the consequences of market liberal fanatisim

[@duancoviero9759]

FAKE

[@oliveradams8711]

@@duancoviero9759 What's fake?

[@duancoviero9759]

@@oliveradams8711 your comment and pretty much every other comment in this video is FAKE. I'm not sure who pays you guys, to come online and show support for all global right-wing candidate but I can see the support is Fake.

[@duancoviero9759]

@@oliveradams8711 every comment on this video, including yours. I've been in Argentina for 2 and a half weeks, can't find anyone calling him a genius.

[@lewis123417]

Hes doing what he promised would happen. He needs 10 years

[@michaelmayhem350]

Yeah economic changes take a long time but no one is that patient lol

[@rodolfodoce]

milei won’t last until the end of this year.

[@lewis123417]

@@michaelmayhem350 Britain was with Thatcher

[@lewis123417]

@@rodolfodoce possibly, argentinians are addicted to government intervention and money printing. Hopefully their ready to come out of their perminent decline

[@ArawnOfAnnwn]

He'll have 3, 5 at the most. If he can't deliver by then, no one's gonna give him any longer given how much turmoil he's causing.

[@sunny2355]

I visit Argentina 🇦🇷 often. As a Canadian 🇨🇦 I can say the Argentinian 🇦🇷 president is absolutely right in taking his country to good way. Yes the population is feeling the pain heavily.

[@travispenner3048]

My grandpa did not fight in WW2 and settle in Argentina to watch it fall apart. He'd be ashamed. RIP Friedrich Mueller.

[@bowenw6218]

LMAO

[@SuleimanTheMagnificent71618]

Lol

[@aetius7139]

Who knows?. Maybe what we need is "argentinian" painter to enter politics.😂😂

[@youtubecensoringcomments7427]

inflation is plumetting

[@vincenttay2812]

Empty tin will always make the loudest noise 😅

[@overman2306]

The reforms are going to be tough, but they'll be better off in the long run. Judge him by the end of his term. He might even need two terms.

[@sebastianbalbo1906]

masturbation ?

[@draigahan9400]

​@@sebastianbalbo1906???

[@youtubecensoringcomments7427]

One will be enough to see the improvement

[@Javier77040]

This video is already outdated, milei is fixing economy real fast. Support is high, im sure will need to do an update soon

[@draigahan9400]

Tomando en cuenta que Argentina pasa por cambios cada 10 días es entendible que la información este desactualizada

[@KIaKlaa]

Milei is fixing economy destroing economy😂

[@JosephSolisAlcaydeAlberici]

Short-term pains are necessary for long-term gains that Argentina needs after four generations of Peronist-Radical economic, ideological, and political hegemony and it's time to bring back the classical liberal origins of the Argentine nation based on the 1853 Constitution. Social democracy isn't suited to the average Argentine cultural, economic, and political idiosyncrasies who are anti-government individualists like their average American counterparts.

[@allenellsworth5799]

Cause the government keeps fucking every thing up. Long live fucking freedom!

[@Hamsteak]

This is the shock that Argentina really needed

[@josdesouza]

How did you get so inhumane?

[@larryc1616]

More poverty 😪

[@hardoise667]

you need one too and a strong one-

[@INT41O]

@@josdesouza It is not inhumane to take the heroin away from a drug addict.

[@msb3559]

@@josdesouzait’s like calling a surgeon inhumane for doing a surgery.

[@ExcessumGaming]

People complain because they dont understand how market works. It was the same in Poland In the late 90`s and early 2000`s. And look at Poland now. There is no way to fix things thix broken w/o some short term pain.

[@baassiia]

I don't think it was short term pain in Poland. Misery took years... Sky high unemployment, pooverty and overall hoplessness.

[@sargon4451]

Look at Poland now ! ... An annual GDP of 24,000 USD which is 450% less than Ireland and 250% less than the Netherlands which is why those working in Poland are Ukrainians and those working in Western Europe are Polish people 😂😂😂

[@tonycatman]

Correct. The country is full of people who were used to being taken care of, and discouraged from being entrepreneurs. They need a widespread correction in their mindset before they can become prosperous. Same thing happened in the UK in the 1980's. Widespread poverty and unemployment before they became wealthy.

[@squarebelgium]

@@sargon4451 you have to look at PPP in Poland which is 49K - so the average Pole is about as wealthy in Poland as the average Western European is in their country. Taking Ireland as an example is ridiculous. It has one of the highest GDP per capita ratio's in the world (inflated though because of certain industries). Poland has gone from virtually zero to a GDP per head above Portugal and closing in on Italian and Spanish GDP per head. I think it's an amazing feat going from a communist broken system to this level in just over 30 years. Compare that with the low numbers of Belarus, Moldova, Ukraine or even Russia (which has oil and gas inflate the number). Congratulations Poland... well done!

[@sargon4451]

@@squarebelgium PPP is manipulated to suit whatever is the agenda. Poland is NOT a cheap country. The price level is practically identical to that of Germany (keep in mind that Germany with $51k has more than double the GDP of Poland. The quality of public services in Poland is generally excellent (one should also remember than Poland got the most EU funds to upgrade its infrastructure in the past 25 years after Spain) but Poland is still a medium income country and is poorer on a per capita basis than Portugal (the latter is doing very well in recent years and it's GDP is $30k so basically Poland is 30% poorer than Portugal). Of the former Eastern block countries half a dozen are doing as well or a little better than Poland. They include Estonia, Latvia, Lithuania, Czechia, Slovakia and Slovenia. Hungary, Croatia and Romania with around $22k each are not far behind.

[@pablonicolasmarcialsandri5316]

As an Argentine myself i find odd when someone try to explain infaltion. I put it simply for you folks, Infaltion is the AVERAGE of the increase on retails prices of a basquet/group of goods, wich is sustained during an X period.The tricky thing is many goods and services aren`t included (for example fruits and vegetables due their stacionality ) (A goverment CAN INCLUDE/EXCLUDE GOODS to modify % of inflation) I`m being redundant that is an average for the ones who, luckily, only know inflation from textbooks.

[@usiohaki295]

Too early to tell, give it another 6 months.

[@yangyun4412]

6 months? too short

[@KIaKlaa]

and after 6 months... most of the argentinians are under a bridge😂

[@TheGhostOf2020]

Isn’t 3 months a bit early to be making judgements on long term fiscal health?

[@JonathanWrightZA]

So Argentina is basically not 'recovering' so much as becoming a 'normal' economy 😅 But yes, real 'recovery' will almost certainly come once things stabilise, as they increasingly are doing. Prices will continue to go to what ought to always have been, and wages will rise to compensate accordingly. Great video as usual guys!

[@tiaoyi-bx5yi]

When everyone falls to the ground from 20 stories, they will keep falling, but the fall will definitely stop when they reach the ground. The survivors will continue climbing the stairs, and the unfortunate ones will leave forever.

[@youtubecensoringcomments7427]

​@@tiaoyi-bx5yilol what?

[@davideyers9405]

When Milei finishes the job, I ask Argentine to send him to Victoria Australia. We need him here.

[@swagm8919]

We’ll bring him to NSW after he’s done there

[@lucaslevinsky8802]

You have to stick with Dutton 🥚

[@orionofvolga]

Yo! We need him in America too

[@cantree2574]

Every country needs their own Milei!

[@-gemberkoekje-5547]

If it works his ideology will spread. We will see if it works.

[@alexlazar4738]

Devaluation effectively means that Argentina increased its foreign dollar denominated debt by 50% (by some 180 billion) so you will have to produce and export 50% more. It is good news for the US capitalist who can now get Argentine's resources cheaper and just syphon back the money they paid through accumulated interest on Argentine's debt repayment. It is bad news for ordinary Argentinians who will have to work twice as hard only to remain poor and to have their effort sucked away by WallStreet. Practically, Argentine is the US slave colony because the US gets everything from Argentina for free.

[@larryc1616]

Sure blame it on the US 🙄

[@whitehavencpu6813]

Devaluation of the official peso exchange rate, since dollarization and free-market of currency has made it such that multiple exchange rates including black market exchange rates for the peso are now legal, its not going to affect everyday Argentenians at all. People are simply going to trade in dollars, by the time debt has to be paid back most of the economy won't be run on the peso, at which point the peso can take any official exchange rate required through controls and then be used to pay back debt. Milei isn't doing dollarazation by the book, he knows that the people use dollars themselves and he simply wants to remove any restrictions on the use of dollars, thus without having to make the dollar an official currency of the nation, people will naturally use dollars and make it the de-facto currency. A true free market of currency.

[@alexlazar4738]

@@whitehavencpu6813 Theoreticaly, dollarization can help Argentine escape Debt-Devaluation- No money for development trap, but only if you have current account surplus and the US help. But, the US interest for more than hundred years has always been to keep Argentina poor and unstable. So, this is a no-go.

[@whitehavencpu6813]

@@alexlazar4738 Except Milei isn't doing the orthodox "dollarization" where the state officially adopts another fiat currency as the official currency forcing people to use that for all transactions - his model is pretty much free-market currency where people are free to use whichever currency they want without any restrictions placed by his government, one could exchange the peso for any other currency. For most people that currency is the US dollar which they have been exchanging their pesos for in the black market for years.

[@Javier77040]

Lol you clearly don't know how Argentina work at all, I mean everyone says USA will get all resources from Argentina easy, but that don't happen on past years when things where more corrupt and you say will happen now? I mean even when Argentina has good resources no one with brain will do it until the CEPO is removed

[@etchalaco9971]

subsidizing food is not to "keep the population happy." It is a way to allow them to eat.

[@michaelmurphy7177]

And to keep the politicians reelected!

[@etchalaco9971]

@@michaelmurphy7177 If a politician solves hunger, he should be reelected. Why would you elect the one who is ineffective?

[@michaelmurphy7177]

@@etchalaco9971 Is the politician that "solves" hunger a farmer?!!!

[@boldbaatardashdorj9389]

What does it mean the deregulation of rental market . What regulations are deregulated? Does anyone know about the subject?

[@Javier77040]

Yeah, I'm from Argentina, what this mean is the rental and housing was always regulated by civil regulation, but on past government they try to modify, they add more stupid regulations what make everything go really bad, so when Milei become president he do lot changes fast, one was on this market taking down this stupid law's past government added, and making all smoothly again, rental and housing is between privates and government should not get involved, the only laws applied is the civil code

[@GotoHere]

Rent controls.

[@Ajee02]

Basically removed a lot of protections from leasing families, giving landlords a lot more control of their properties (provided they still follow the contract) which kinda blows but cant argue with the results!

[@vikey1764]

Go Argentina👍🏼🇦🇷!!! Milei is not an office of quick/easy/popular solutions, but it does seem to strategically fix the country and create a solid foundation. Patience and determination is needed (what Argentinians do show) and the results will be amazing. Best wishes to Argentina

[@davidanalyst671]

So you're telling me. That having someone who understands economics running your country, can make everyones lives better, and will make medical costs not fcking ridiculous? It will prevent food prices going up 10% per year? It will mean that The enshrined classes of Lawyers and Doctors don't have the strength to manipulate everyone and force us to pay exhorbitant prices for their services?? What about houses? A USA engineering student graduates college, and is unable to buy the average USA house until he is 70 years old. Are people able to buy houses in Argentina? What would the USA look like if the government wasn't involved in the medical cost bubble, lawyer cost bubble, housing bubbles??? Can we take Javier Milei to the USA?

[@Mortarion-xt9wp]

Considering how polarized the USA currently is I don't think even Milei can do anything. He will probably be blocked and hindered at every turn. But I generally agree with you. Almost every single country needs someone willing to radically change things up.

[@Fruzhin5483]

Americans trying to not make everything in the world about them: IMPOSSIBLE

[@larryc1616]

El Loco is going to completely collapse Argentina. Why would we want him here when the US is doing better than all developed countries?

[@brandoncomer6492]

Gotta cut away dead flesh to promote healing. Milei is essentially stripping away inefficient unsustainable government protected systems propped up by printing money (which has caused massive inflation). Then he is simultaneously courting western international investment to replace them with self sustaining supply and demand economics. Stick with it and the country will be in.a massively better place in the next decade, as evidenced by most of SE Asia where foreign investment has saw a massive boom in economic growth, spurring massive quality of life improvements for the lower and middle class of those countries. If you want even further evidence you can look at many Eastern European countries that went through the same process.

[@Buttersausage]

Thank you for making it simpler to understand

[@dhollongstreet4725]

Javier is more then a hero. He is a living legend.

[@killer_of_Poles]

Yeah for commies.

[@navidkarimi2552]

I hope My brother Mr miley can passes these hard days with success and gains glory to his people Every body pray for him 🤲

[@leroyessel2010]

Argentina could become fuel exporter considering a never ending supply of lowest cost hydrogen is safely stored in ocean water and Eirex Technology in Canada has breakthrough cavitation to generate lowest cost hydrogen fuel.

[@dannyarcher6370]

45% support is not that bad when you consider what's happening.

[@danilolabbate]

Finally, FINALLY a South American leader who's NOT a populist. I just hope it becomes a trend.

[@dannyarcher6370]

Well, he's a populist, but one with a brain. Now, I'm hoping that Kast can replace Boric.

[@msb3559]

Artificial manipulation in practical means delay. It’s like using painkillers to avoid a surgery.

[@greg2961]

I can't be sure if it's my headset but when you speak the audio sounds strange.

[@FlamingBasketballClub]

Please do a video discussing the economics of Copa Libertadores and Sudamericana.

[@anotherbrickinthewall1700]

Citizens are negative on every govt. that doesn't give them "freebies". Citizens are the problem.

[@josdesouza]

Capitalism always has a problem with citizenship. Whenever possible, the capitalist class would rather have fascism instead.

[@victordias1840]

Brazil in the 80s and 90s faced inflation of 2500% per year, we managed to get out of this hyperinflation without carrying out any of the austerity measures of the Milei government, today Brazil holds 90% of South America's GDP, Brazil is achieving little by little get out of poverty while the Argentine is sinking into it.

[@nnkk7742]

Some heros wear capes and carry tridents.

[@arnvarkoskinenson9356]

I recently had to leave Argentina because it wasn't affordable anymore. Argentina has turned into one of the most expensive countries in the world. It is not true that the rental prices decreased. Many Argentinians have to spend their Dollar-savings in order to survive and can buy nearly nothing for it. The current situation in Argentina is a desaster and I don't share your optimism. Not everyone is able to afford liberty and this policy might lead to a socioeconomic catastrophy.

[@GotoHere]

So they should go back to the old government with 70% poverty and 300% inflation? You sound really uneducated.

[@tangablenothingness]

I think within the year life will get marginally better for the people of Argentina, and a solid foundation will be laid for the consistent improvement of the people’s lives over the next 5-10 years. If he can maintain support of the people long enough I think he will be able to fundamentally change the way the government operates, and the way the people feel about the government. Time will tell, but on a macro level he’s doing a bang up job. It just has to translate into gains in at least the medium term, or he will risk losing support for what he’s doing.

[@pwrighter]

Yes. Milei’s policy will work because that is the way capitalism works. Expect 50% of the population to stay poor forever. But he shouldn’t worry. Other countries with capitalist systems are fast declining to meet up with where Argentina will be in 10 years.

[@carlramirez6339]

I mean, who hasn't sunk the Argentine economy? It's sad to watch, but they always find a way to hit a new low.

[@JimmyBowbow-bx8ux]

After Milei is done helping Argentina, historians and economists will write books about what he did.

[@estudiantes68]

The first image (Pagina12) is Cristina Kirchner's newspaper. Nobody credits it in Argentina; but when you are a foreigner, you are not expected to know who's behind the media.

[@randomstuff1827]

Why did you remove your previous videos about Milei or Argentina from your channel? You used to have about 3 to 5 videos. Now I only see this video and the one from candidacy. Fishy.

[@Buttersausage]

Probably got paid by the opposition party from Argentina to influence in its favor

[@abdallaha92]

He may have stabilized the economy, but at the cost of skyrocketing poverty. Argentina needed some deregulation, but this is utter madness.

[@josdesouza]

Austerity is the only medicine capitalists can prescribe. And its success is due in part to a lack of political imagination from the left. Because it failed to win the hearts and minds of most Argentinians, a tool like Milei got elected.

[@eugeniacabezon723]

You got several things wrong, like the oppostite of what is actually happening. But the most obvious and easy to deduce is that the fact that prices have doubled or tripled in a few months, but the dolar exchange rate has remained the same, means that you, as a tourist with dollars, have less spending power. For example, in 2023 with one dollar you could buy 3 liters of milk (330 pesos each aprox), now you can buy only one liiter of milk with one dollar (it's 1200 pesos aprox). Prices have doubled or tripled but the dolar price went from 950 aprox to 1100 in these last 6 months. Another thing you got extremely wrong is that salaries in pesos have also increased drastically, and, as the dolar has remained stable, the salary in dollars has also increased. For example, a salary of 400k pesos in october 2023 (400 dollars) is now 756k pesos (756 dollars), it hasn't kept up with the increasing cost of living, but it has increased comparing it to the rest of the world.

[@steffenb.jrgensen2014]

Very interesting! No matter how tough things may be to the average Argentinian right now the basics appear very promising - if the Argentinians can stay politically stable and maintain a steady course. Anyway, the alternative is much worse. 100 years ago Argentina was seen as a future great power. That failed but I actually think Argentina has a chance to get back on track.

[@swaggery]

When the government changes the people they want to sponsor, there will be shock no matter what.

[@momdontgo4873]

Milei popularity increased actually, prices are dropping and we are seeing lower price imported products

[@AmorosoGombe]

He's always said the change has got to be painful but wait until they come out of it on the other side. They will be so glad.

[@garrenosborne9623]

hmmm sniff of neocon editorial bias, it will be interesting to how this plays out, am genuinely curious to see how this all fits in with the context of coming Nate Hagens meta crisis kicking in globally.

[@felipedigre]

The working population statistics is not transparent, considering the huge percentage of jobs that are not registered to avoid paying taxes, but it's still quite high

[@snowwhite7677]

The US is in the same boat. Maybe Worse. Quantitative Easing (QE) also known as Money Printing has to be Paid for & so does Government Spending.

[@nocomments7734]

Probably a lot of people are working in the informal economy and getting paid in dollars. 7:30

[@uc6tt666]

Oh, that makes sense

[@monsieurrodriguez9687]

The problem here in Argentina is the people that don't want to pay the things for its real value, and support economical models that subsidize energy, transport and every matket that government can control, then the model blows up but they just blame to anyone that pays the broken dishes, not the one that actually breaks them

[@shittu_seyi]

Can you do something similar for Nigeria, the current government has managed to float the Naira, and removed subsidy from Band A Electricity and removed fuel subsidy (Partially).

[@zukritzeln]

In order to fix a problem you must first know how bad it is. Decades of government subsidies means the people of Argentina don't understand the true state of their country's economy. I imagine Milei was hoping for the 'ripping off the bandaid' approach, but it hasn't quite worked out that way. Nevertheless, he is brave for confronting the country's problems head on and making no apologies for it.

[@oscarlopezfabregas3602]

I understand the "arc" of the video to make "story" more appealing, making appeared bad during the first half of the video to then change the opinion of the viewer in the second half. But, damn... it was a bit annoying for the ones we know the full picture how you purposely ommit/bend important details.

[@_pedrolm]

Milei is the today by far the best president in South America. He´s in the path of economic reality and prosperity.

[@flybefree]

Great summary of the current situation in Argentina. I’m rooting for Argentina from Australia, but my friends in Argentina are quite pessimistic. After so many years of disaster, perhaps they can’t imagine that Argentina’s economy can be fixed and they’re stuck in the mindset that all politicians are corrupt.

[@michoacan55]

Because they are right. Under Milei the polititians have increased their salaries by 4x. He increased taxes on the middle class and has given the rich corporations massive tax cuts. So much for some foreigner acting like he knows better

[@flybefree]

@@michoacan55 The current company tax rate in Argentina was implemented on 1 January 2021. Maybe you should check your facts before you use them to slam Milei for things he didn't do. Having said that, cutting the corporate tax rate isn't a bad thing. It attracts foreign investment. How do you think China go so rich so fast. Their corporate tax rate is only 15% for industries they want to grow.

[@henrysmith1464]

He seems to me like a economics professor. and he also seems a determined politician who does not bow to conventional wisdom. He can not afford to fail, not for academical theory's sake, or ideology hotly debated. He simply has no alternatives and what would a politician plus professor would do: to be crazy enough.

[@daniellaronero3139]

He knows exactly what he is doing. Like none else. He is an economist. Not like the rest of the world's leaders.

[@vikashkthakur]

There’s a hint of enthusiasm in the tone of delivery

[@DantheExpat-co8hf]

Inflation rates have fallen month by month since Milei took office. There is still inflation, but it is decelerating instead of accelerating.

[@user-dk8zy6jd8r]

There are so many social media shills in the country i'm from. They basically get paid and they promote that the suffering the country is in is actually good for the country. The way you speak and what you say is so similar i wonder who makes up the script

[@maximumrelaxation4770]

says the person with the anonymous username

[@the_expidition427]

GDP is one of the easiest abusable statistics which is done through government spending

[@satoshischrockamoto]

Greetings from Argentina. It's a good idea to ignore socialists when it comes to economic matters. Kirchnerism is a mental illness. We're stoked on Argentina's brighter future thanks to the necessary cuts Milei has had the balls to carry out.

[@damfraser010869]

You can’t sink an economy which is lying at the bottom of the ocean.

[@bigman7856]

Friends of mine in Argentina seem to be happy about the situation. Thing's are already improving. More importantly, they foresee a brighter future. Before, they had no real hope outside of maybe subsisting at the same standard of life they had previously. Other friends who moved from Argentina to Spain are considering moving back. It also looks like Milei has taken a more moderate position to things, but he has at least cut the fat from government spending that needed to go regardless.

[@skinlesschickennugget2411]

just wow. Of course there are more houses and offers if rent has increased by 90% and energy bills by 300% ..people are losing their homes bc they cant effort it anymore. where is that a good thing?! Just bc there are more houses available doesnt reflect that the wealth and economic is going up

[@NCSTalkid]

lol. im an mba. i heard from yt what hed planned in his campaign. not surprisng tho. enjoy and good luck

[@Iefita]

Economy started to recover, according to the most recent figures. Stop lying.

[@gallegoc6005]

I think Milei have a good idea of how the economy works, it will make it grow Now that inflation is tame

[@pancraciopocaplata919]

Pobre Argentina, aumentando la desigualdad a niveles nunca vistos. Mas pobres, mas indigentes, menos derechos, menos seguridad social y laboral

[@danwetalex]

Si tu país vive en hiperinflación y pasa declarando defaults continuamente, tu seguridad social, redes asistenciales, pensiones, salud, derechos y otras prestaciones del estado serán un chiste malo. Todo sustentado en una espiral descendente de fraude y robo. Ya es hora de madurar y olvidarse de poner la igualdad y la justicia social como parámetros relevantes en la sociedad. Por desgracia, quienes no son capaces de hacerlo son parte de un grupo estropeado de la sociedad. No serán capaces de darse cuenta ni en la peor situación posible.

[@pancraciopocaplata919]

@@danwetalex El asunto es que la realidad contradice y desmiente tu argunento. Bajo esa lógica, los países más desiguales serían a su vez los más prosperos, pero ni siquiera son los más ricos en PIB (Namibia, Zambia, Comoros, Haiti, Botsuana). Todo lo contrario, los paises con mayor igualdad si son los más prosperos y con mayor calidad de vida (Los nordicos, Belgica, Holanda, Lux...) De igual manera la realidad nos muestra que los países con menos estado, los que exigen menor carga impositiva y menos gasto público, a excepción de emiratos y principados del medio oriente, "coincidencialmente" encontramos que son los mismos con mayor desigualdad, muy pobres, ni siquiera sus ricos son tan ricos cuando se les compara con países hortiblemente equitativos. Así que todo lo contrario; se debe buscar reducir la desigualdad y los factores que la ocasionan; corrupcion, malos manejos, falta de industrialización, desempleo, mal manejo de tierras y productividad...

[@danwetalex]

@@pancraciopocaplata919 Usted reafirma mi argumento. Afirmo que la desigualdad no debe ser considerada como un factor de trabajo para estos efectos. Vd. menciona a países pobres con un alto índice de desigualdad, y luego a países nórdicos (Dinamarca, Finlandia, Islandia, Noruega, Suecia) cuyos Gini fluctúan entre los 26 y 30 puntos. En ese rango también figuran Siria, Tonga, Argelia, Bután y Kirguistán. Por lo tanto, la desigualdad no debe ser el foco de acción, ni una garantía de seguridad, efectividad o eficiencia de servicios públicos. Puede ayudar levemente a vislumbrar una noción de las cosas, mas no entregar algo claro. Al siguiente punto, los países con baja carga impositiva se están articulando de manera existosa o ya tienen larga data de éxito. Tenemos Andorra, Georgia, Polonia (que se está alzando en modo turbo tiempo después de llevar a cabo el shock con Balcerowicz), Estonia, Hong Kong, Liechtenstein (tiene aprox. la mitad de la carga impositiva de los países nórdicos), por mencionar varios. La gente que es rica en estos países, es asquerosamente rica. Además, exceptuar a los países árabes, donde se va la gente a poner empresas, es viciar la discusión. El foco principal debe ser puesto en el incentivo de crear empresas, lucrar apropiadamente lo máximo posible y no aplastarlas para que no se vayan. La recaudación inteligente radica en bajos tipos, para obtener por volumen. Por otro lado, si pagas menos impuestos, tienes una restricción presupuestaria más holgada. Eso significa que tendrás mayores probabilidades de ahorrar e invertir. Además, dada una recaudación inteligente, el estado tiene margen de maniobra según las necesidades de la población. A la postre, se reduce la desigualdad como si fuera una externalidad y no como factor de trabajo.

[@danwetalex]

@@pancraciopocaplata919 Cuando el estado se hace cargo de las necesidades de la sociedad, no solo se generan redes clientelares en favor de los políticos que quieren mantener al estado grande y gordo. Al mantener este esquema a ultranza, se adopta una deuda pública que no se sostiene a mediano y largo plazo. En España tenemos salud pública, con largas colas de espera, la educación es cuestión de suerte, subisidios de cualquier cosa para cualquier persona. Y no empiezo con los irrisorios gastos de los políticos, con lo que tributamos. Y a este ritmo, nuestras pensiones en 30, 40 años más alcanzará para un plato de arroz de perro con pollo a punto de vencer, junto a un chupito.

[@pancraciopocaplata919]

@@danwetalex El estado y el cooperativismo es tal vez la principal razón que nos ha llevado a evolucionar tecnológicamente como especie y a desarrollar civilizaciones. Seguiríamos viviendo en un huerto insuficiente, si no es que en una caverna, cargando nuestras flechas para poder cazar nuestra propia comida. Simplemente sin carreteras encuentro inconsevible cualquier desarrollo económico. Sin normas ni leyes, sin instituciones que mal que bien las procuren cumplirlas, en la total anarquía; literalmente una jungla donde sobrevive el más fuerte físicamente; como los simios. Se incendia tu casa y la apagas tu mismo o te jodes, sin bibliotecas, sin parques, sin siquiera derecho al agua porque bien puede que un simio mas grande no te deje acercar al arrollo... Regresando a mi punto anterior, con los ejemplos tangibles que tenemos; muchos de los paises con poco estado son africanos, con calles de tierra, nula presencia médica, donde hasta la esperanza de vida es reducida. Todo lo contrario a suponer que la empresa privada encontró en ellos un paraiso para el desarrollo industrial, para la creación de ideas, desarrollo tecnológico y gestión de capital humano con optimizacion máximana gracias a la ausencia de limitantes que cortan a la perfecta mano del mercado, nada de eso, simplemente no hay nada. No se si te enteraste que por ejemplo, en Haití hace unos meses, luego del asesinato del presidente y la desintegración de las instituciones estatales, están optando por el canibalismo. Estoy totalmente en contra de los subsidios a cambio de nada, de los chiringuitos que se escudan en lo social para exprimir al estado; no nos alcanza la tarde para hacer la lista, lo se. Tambien del mal funcionamiento de muchas empresas públicas, inservibles y no les importa porque no tienen competencia y pueden hacer lo que les de en gana con el usuario. Milei ha hecho todo lo que se le ha ocurrido en su interes de acabar con el gasto público y la desintegración del estado, y hasta ahora todo va mal y empeorando. Por ejemplo; redujo muchos de los subsidios (transportes, servicios públicos, alimentos, a todo); entonces la gente ahora tiene que sobrevivir con lo mínimo, acortar su consumo; si no hay consumidores las fábricas que producen no tienen clientes, y tienen que despedir empleados, y el círculo vicioso aumenta con el desempleo y la ausencia de planes de mitigación. Cortó el presupuesto para investigación ¿Cómo se desarrrolla un pais sin innovación, dependiente de otros, volviendo únicamente al sector extractivista? Corto dineros para el arte y la cultura, ya ni cine habrá para dar a conocer la existencia de su país, no generará ninguna curiosidad, bajará el turismo, que empresa querrá ir si ni saben que existe. Todo lo opuesto a lo que hace China, o incluso Corea del sur, que teniendo recursos limitados opta por el desarrollo cientifico y tecnológico, y usa la exportacion de su cultura como erramienta de poder blando; llenaron al mundo con sus series, sus música, sus películas, cuántos no quieren ir a visitarla solo por la expectativa que eso ha generado, compramos sus artículos tecnológicos, y hasta su ropa. Las cifras de Milei son desastrosas; la inflación es mas alta que hace un año, el desempleo aumentó, igual que la pobreza y la indigencia. No es dificil pensar que con esto tambien el crímen. Y aún con todos los recortes, incluidos los pensionales, no ha logrado ningún saneamiento significativo del balance económico, cosa que el mismo ha tenido que aceptar.

[@leroyessel2010]

To prevent any cyber crime or censorship by US we see the UTOPIA would provide sovereign protection from centralized computer cloud. The entire economy can thrive on Internet Computer Protocol and UTOPIA ideal for AI, AGI, Gov't, Military, Utilities, Corporations and decentralized social media to replace legacy software.

[@reddisimmo]

Labour market reforms and the layoff of government workers in the bloated civil service are the 2 most important reforms he needs to undertake.

[@secretgoldfish931]

You didn’t mention the worst thing about him: his haircut.

[@maximumrelaxation4770]

Argentines dont have savings in Pesos. They keep their savings in US dollars. So devaluing the peso didnt reduce the savings. Another lie

[@TheMageesa]

Except my friends are now cashing out their dollar savings to eat... and prices inflated for the dollar as well as the peso

[@maximumrelaxation4770]

@@TheMageesa yes that's inflation eating savings. Not devaluing the peso. That was my point. He should be factual.

[@maksimbryksin442]

As Milton Freeman said the pain comes first and the good effects come later. Who knows?

[@VOLightPortal]

We need this guy to fix the UK ASAP

[@davidmcmonagle6559]

Time will tell what further measures get passed here But early signs suggest that these harsh overnight changes may allow for longer term economic benefits if the short - medium term pain can be endured

[@ExtraordinaryLiving]

Rooting for Milei to succeed! 💪💪💪💪

[@KevinO-h7m]

Milei is based, he's the future, hopefully this will bring Argentina to the next stage.

[@YouTubeFamiliar-qj9xw]

Les pido que vengan a invertir a Argentina, sean parte de la historia de un país que tuvo años en decadencia y ahora se esta recuperando para ser el primer pais liberal libertario, las puertas están abiertas al mundo, nuestra casa es su casa

[@desertpreacher2719]

You can not sink something that is already sunk

[@vb51]

Go Argentina! 🇦🇷 🇧🇷

[@RichFlemingRealtor]

Fundamental market forces are undefeated.

[@Rebel-Forces-Earth-007]

The economy has been bad and worsening for almost 100 years, no one can expect things to change and go in the opposite direction overnight, it takes time. In a couple years you will see the country on the right track and in far less debt and inflation. Be patient. His libertarian economic policies will work because nothing else has, can or will. The US will eventually realize it has to go down a similar rough road of drastic cuts and austerity or the American economy will plummet and crash permanently due to the debt crisis, the out-of-control spending, and the fact that neither party, Dem nor GOP, can reign in the enormous and ever-growing size of the US govt. bureaucracy.

[@chriscantplay...2933]

Now the strongest performing currency on the planet, inflation falling and a government surplus for the first time in 16 years. Not sure if this video just aged badly or was deliberately misleading.

[@tefky7964]

If you decide that you have lack of money and cut your electicity and food after a month you will have a suprlus against previous month too, that doesn´t mean that its sustainable.

[@FriendlyTwo]

Well done Argentina.

[@RickNYC732]

Sounds like the video should really be reading ‘zero to hero’

[@larryc1616]

Opposite

[@aquilesarfini8782]

@@larryc1616 say that to elon musk

[@leroyessel2010]

Argentina has natural and renewable resources ideal for overcollateralized Stable Coins comparable to DJED StableCoin or Internet Computer Protocol is beyond any competition.

[@DerDoMeN]

EU member states should learn from him.

[@snakyjake9]

Milei has three more years. Three more years to generate a budget surplus and put it to work, three more years to control inflation, three more years to attract foreign investment, and three more years to develop domestic industry. There's a very decent chance Milei's reforms turn things around for the Argentinian people long before then, even if it's a bumpy ride for the rest of 2024. Markets when given room to breath move a lot faster than people think. I predict Argentina will rebound in a big way in 2025, in time for the midterm elections. Even if it doesn't happen that fast, things should improve by 2027, and his party will be far more dominant then and again in 2029. Argentina will win the 2030s.

[@theargentino4245]

We are in the second month in a row with budget surplus.

[@rudynathan8852]

If your inflation is 50% and a stock risis 60%, the net roi is 10%

[@meb4100]

This is a biased POV. Milei’s popularity is growing. He’s been in government for less than six months and so far the reform he’s leading is outstanding.