Libertarianism Just Doesn't Work

[@Elysium_the_Bard]

Libertarianism in a nutshell: "The government is dead! Long live the government!"

[@LimeyLassen]

It's like if Dashcon was an ideology

[@eh1600]

@@LimeyLassen Fyre Festival Government

[@GelloWello]

Don’t forget the classic. Government is evil, which is why you need to trust the oligarchs.

[@delos2279]

More like "The government is dead! Long live the King" The difference is that governments are supposed to help the people. Kings just need to grab as much as they can for themselves. Sociopathy is built into the ancap world view. Human wellbeing doesn't matter so society doesn't exist, it's all just about trying to grab as much as they can for themselves as everything around them crumbles by design (their design). Neofeudalism basically.

[@Francesco-gf1sv]

Nah libertarians is like: capitalism was never tried out.

[@afterhourscinema782]

"Trust us!! It can ALWAYS get worse!!" *- Argentina*

[@colonelradec5956]

America soon.

[@skoop651]

Javier was given a broken Argentina that was falling for years and you haven't even let him have half a year?

[@AzureGreatheart]

*This is a threat*

[@blarghblargh]

@@colonelradec5956 every year in america since mid 1970s. "soon" was 50 years ago.

[@blarghblargh]

@@skoop651 gutting social programs and investments in technology is a long term and short term lose. you don't have to "let him cook". his plan from the beginning was to stop buying food: "no problem with customers if you don't have food to serve" 🤔🤔🤔

[@brt5273]

Legitimate question: "Who will build the roads?" Libertarians:" HAHAHA😂HAHAHA🤣HAHAHA😜HAHAHA🤪!!!! He actually asked who will build the roads!!!!😆HAHAHA😂HAHAHA😂HAHAHA🤣HAHAHA😜HAHAHA🤪!!!!!!

[@triangleunderstander]

a privately-owned checkpoint every hundred feet to pay the toll to that strip of road's landlord. "oh, im sorry sir, this road only works with square wheels that only i can produce. that will be 600 ETH to 'upgrade' your vehicle."

[@Tleilaxu0]

Kafka-trapping is a serious thing.

[@Jojo.R.Chipelago]

​@@triangleunderstander sorry sir, you will also need to purchase anti-tank armour. One of the competing infrastructure corporation is at war with us, so you'll perish if you don't purchase our square-wheel-compatible armour. That's another 800 ETH.

[@neil2444]

You joke, but I saw a podcast where two libertarians were talking about how they were asked how roads would be made. They then went on to insult the guy who asked them on the podcast for the next 10 minutes, and THEY NEVER ACTUALLY ANSWERED THE QUESTION"

[@levin86osu]

I love how many times this has literally been their response to such a basic issue with their philosophy

[@djixi98]

"first public surplus" is so funny as a concept. It's like me saying "this is the first time when I have successfully saved some of my pay check" and you look around and see that I have paid no bills, or rent, or even bought any groceries lmaoo You can't gloat about saving money when you gut every ministry and every public setvice..

[@allot5530]

It’s like buying a bunch of food and letting them letting it rot Just so you could have the food in case of Emergencies

[@peterrj1973]

he didnt gut a thing you know? he just audited most of the services, like the INADI an organism basically created to fight discrimination, very poorly, with 400 people working there but the real amount of people really working where 20 30 people, thats what here we calle a ñoqui or gnocchi based in the original italian way of writing it plus it doesnt have the Ñ, but the point is he eliminated most of the people that where gnoccis, that where working there without doing work, for example we found a case of a woman, that had a psyquiatrist license and never stopped gaining her salary... for 10 years, there was a woman, that was doing nothing, that was gaining a salary, most cases arent like this, yeah you are right, but there are examples like this even tho not that severe, plus we have a lot of corruption, the public services like hospitals didnt work, we where one of the american countries that was hit the worst by COVID 19, not because we have a high population but because our public services dont work, specially outside buenos aires, and specially outside the province of buenos aires, salta jujuy, el chaco, santiago del estero, probably places you have never heard before, have horrible health systems. and most of them dont have democracy, i cant remember if it was jujuy o el chaco, but they had a governor that was there 30 years, thats not real democracy, so if you people dont know dont talk about this, you get less than 1% of things that are happening here, so dont talk about it, if milei is so bad we will see it in 2 years, it has only started after basically the worst 2 decades in argentinian history that werent dictatorships, most thing milei say are wrong or somewhat mostly on the social side, yeah, i cant deny it, socially i am with vaush, but we cant judge a book by its cover, or by its epilogue, its only the start, and so far, some things have gone worse, some dont

[@leparfumdugrosboss4216]

"my new diet works very well! I've lost 20 pounds by not eating at all! Now I'm in the ICU 👍🏽"

[@peterrj1973]

@@allot5530 yeah there is an emergency we have millions to pay in debt taked by other goverments and 16 billions to pay for expropriating YPF

[@skoop651]

Javier was given a broken Argentina that was falling for years and you haven't even let him have half a year?

[@MichaelWoldepatrick]

Dude, Sky News Australia is owned by Murdoch, and is literally the Fox News of Australia.

[@user-ul9dv2iv9s]

Sky News Australia. Trump lovin' black hatin' conservative denialists. T'riffic.

[@neil2444]

I was thinking this exact thing. I was like, "Which stations does Murdoch own in Australia, because I'd bet it's this one." Just like Fox News and Newsmax, an anchor can't give the facts without sneaking in a spin or outright lie every other sentence. Loaded questions with emotionally charged words. It's frankly amazing that some people still consider this journalism.

[@evenodd3339]

@@neil2444there going back to late 19th century early 20th century journalism. Time is a donut

[@cafeinoz]

I feel uncomfortable even just watching Sky "News" Australia indirectly. Feels like it was created just for election manipulation and I've read too many headlines that sound like obvious lies. Organisations like these don't belong in a democratic country.

[@SimpCity2000]

Working as intended. Libertarianism seeks to extract wealth from one class to another.

[@OsirisLord]

The rich to the poor, right? Right?

[@j0j0dartiste21]

​@@OsirisLordthe good type, yes. The cringe American type? No

[@skoop651]

Javier was given a broken Argentina that was falling for years and you haven't even let him have half a year?

[@waltlock8805]

If you find a political system that doesn't, let us know.

[@johnestela5413]

​@@skoop651to do what exactly? Run it deeper into the ground? Jesus christ. Come back to reality.

[@WunderWuzzii]

One reason why I hate Libertarians: When I moved to Germany, I saw an FDP election poster with the solgan: "The question is not what we can do for the environment, but what can the environment can do for the economy." Privatize the gains - socialize the losses

[@walexander8378]

People are very angry which makes most short sighted which makes them vote conservative.

[@knuckles543]

@@walexander8378 hence all the culture war bullshit they push and fake outrage

Germans need to call that out for what it is; fascism.

[@Historia.Magistra.Vitae.]

_"Germans need to call that out for what it is; fascism."_ Nothing to do with Fascism whatsoever.

[@Max_Power_]

@@walexander8378 The question then would be... What makes them very angry?

[@RomWatt]

Libertarians are the living embodiment of the phrase "Confidence is a fool's substitute for intelligence."

[@Froggsroxx]

"Where did the surplus come from?" "We cut all social services" :)

[@tretozo]

They, also, raised taxes.

[@sawtooth808]

@@tretozo on everyone except Argentina’s wealthy elites 🙄🤦‍♂️

[@BenYork-UBY]

A budget surplus just means Argentina isn't spending their taxpayer dollars on anything. Like the things people need. This is an important lesson: the wealth of the country doesn't translate to wealth of the people. Just because a country has a strong GDP or treasury, does not mean the people in the country benefit from that

[@SmittyWerbenJag3rmanJenson]

B-but line went up....

[@sniperwolf50]

To be fair, Argentina is not spending taxpayers dollars on anything mostly because they don't have any. If they had a surplus of dollars, they wouldn't have half the problems they have now

[@BenYork-UBY]

@sniperwolf50 yes it did. Unless nobody paid any taxes at all for the last several years, which I'm quite sure wasn't the case. Every country has a steady rate of tax income and government spending. Deficits don't mean there is no money at all. It means there is a lot owed. Some of that is owed to budgets like infrastructure. Every country has a deficit because every country is trying to allocate all their income into the budgets of projects, be they infrastructure, imports, repayments, wars, etc So, of course, argentina now has a surplus because milei just removed so much of the things the government normally spends money on. No longer balancing the tax income with expenses. That's not a sign of a healthy government. That's a sign of a government that isn't doing anything and is now sitting on the tax income

[@CuateVolador]

Also, probably all that money is going to government programs for the rich

[@Canadish]

Wait, but doesn't his mean the surplus can now begin to pay off the debt? That actually is helpful and adds value to their currency because there is less risk of mass printing to artificially meet payments. Being ghoulish here, but trying to understand the Libertarians here and steelman a moment, that DOES seem reasonable sensible surely?

[@sergiolmr]

Argentina is literally starving, people are getting without where to live. How is that fixing economy?

[@TonyGModesto]

Line go up.

[@Blunderbussy]

well if you unalive all the poor people, then poverty goes down! now, seriously, I walked half of Buenos Aires today. Not only my feet hurt but also there is an unconceivable amount of people on the streets and digging in piles of trash. More than ever. Before it was with carts and wagons. Now it's just... a stick and a bag. We are all going down.

[@sergiolmr]

​​@@Blunderbussyare these people even asked about their opinion towards the surplus?

[@Blunderbussy]

@@sergiolmr they are consulted about it in the same way they consulted me when the country contracted debt. That means, no. But somehow they are the ones that should pay it.

[@saliferousstudios]

Afuera!

[@Mel0D]

buying wifi? AFUERA! cellular service? AFUERA! buying groceries? AFUERA! health insurance? AFUERA! electricity and water? AFUERA! car payments? AFUERA! paying rent? AFUERA! ...why am i homeless? who are these men taking my car?

[@saliferousstudios]

Afuera! It's so fun to just say.

[@optillian4182]

I heard it as "ABUELA!" and was wondering why he was yelling about his grandmother. 💀

[@VitalVampyr]

You're homeless because your landlord said: "This delinquent tenant? AFUERA!"

[@contraitaly7800]

You mean Commiefornia?

[@luispelozo]

Public transportation AFUERA!

[@aaronbono4688]

The core of libertarianism isn't just being mean and cruel to marginalized people, it's about squeezing the populace so you make them desperate and then they come to you willing to do anything for almost nothing in return. It's about being able to put people in a position where you can exploit them for your own gain.

[@shis1988]

How's that any different to the USA?

[@xx_isabel_the_wolf_xx3869]

​@@shis1988well considering alot of it can be traced back to objectivists and right libertarian ceo stooges from back then you might be onto something

[@Krisowy]

shis1988...huge oversimplification - the minimal wage all thou way to low, the social security retirement and Medicare alone are already different - there is thousands of examples like this

[@HarryDirtay]

​@@shis1988"everuthing is the same" nazis liked industry so we're nazis too duuurrrrrrr

[@kennydlite]

Nah the core of it is NAP (non-agression principle). They believe that so long as what you do does not cause undo harm upon another, then you should be free to whatever it is that you like. The problem here is that you're hoping everyone plays by the same rules, which is next to impossible. Libertarianism is just a coy way of admitting that the current administration sucks, they don't have any other answer except that it needs to change and that can be achieved by voting conservative down the line. To sum it up, libertarianism is conservatism without admitting to being a conservative

[@FeebleAntelope]

Milei has a TED talk where he talks about "economic freedom" in the context of capitalism. He wishes to accomplish the aspirational goals of Reagan's administration in replacing the government with corporations and private individuals. He has branded himself as a wacky "libertarian," but he's just a servant of late stage capitalism. That's it.

[@andresreal8261]

TedX. Important distinction.

[@stratecaster547]

Libertarianism and late stage capitalism are basically the same thing

[@Misa.misato]

Jesus Christ, imagine having Reagan as your role model, big yikes.

[@FeebleAntelope]

//"Libertarianism and late stage capitalism are basically the same thing...." Sadly.... it would just be nice if they knew that instead of thinking that they can live in a society and do it all by themselves.

[@Historia.Magistra.Vitae.]

There is no such thing as "late stage capitalism". It doesn't exist.

[@shrimpology]

“We did it Javier we saved Argentina!”

[@sheldonmarcotte8392]

Austin Powers*

[@Slashx92]

I can understand an alt right christian conservative getting rid of "progressive" ministries. But the ministry of public works? I'm from chile and that ministry is literally who coordinates rhe building of roads, sidewalks, new highways, and overall improvements in infrastructure. He is really doubling down on the libertarian aspect of economy organization

[@Houtont]

Libertarians hate publicly funded roads

[@tnb3466]

Es una persona sin diagnóstico psiquiatrico, está desquiciado y nosotros caeremos en la peor de las tragedias.

[@ferrykeizer4911]

Citizens eating? AFUERA

[@leifkvenvolden4076]

nice candlemass pfp

[@ferrykeizer4911]

Thanks fam@@leifkvenvolden4076

[@afterhourscinema782]

Milei's sideburns are even worse than his politics 🤣

[@SchizoCannibal]

I had those in 8th grade 😂 Me personally, I wouldn't elect a leader with shrimpy sideburns.

[@skoop651]

Javier was given a broken Argentina that was falling for years and you haven't even let him have half a year?

[@blarghblargh]

@@skoop651 gutting social programs and investments in technology is a long term and short term lose. you don't have to "let him cook". his plan from the beginning was to stop buying food: "no problem with customers if you don't have food to serve" 🤔🤔🤔

[@peterrj1973]

@@blarghblargh yeah because social programs worked perfectly and the second he took them out the poverty apear, in the goverment of alberto fernandez there was 0% poverty 100% work, 0% debt, gringos are truly truly r3t4rd3d, there is no explanation

[@RyuKyu.77]

He looks ridiculously bad 😭

[@SunbathinginAntarctica]

Argentina: *plunges into economic crisis* Falklands: Ah shit, here we go again...

[@TMmodify]

sunak has got the opportunity of doing the funniest thing ever

[@barbarianandy]

WE ARE BACK IN CONTROL

[@timtheskeptic1147]

Dammit, I wanted to make the Sabaton joke.

[@astratan2238]

Fortunately for them Argentina’s military has dramatically atrophied since then, and the islands are actually defended now. They would struggle to even get a foothold, much less hang onto them.

[@sabin97]

sadly las malvinas are still occupied.

[@sparkee666]

The problem with Austerity is it can only be done once.

[@LimeyLassen]

Cold, and true.

[@applecatnyango]

Evil only needs to win once.

[@vgalis]

Ceausescu did this for years in Romania in the 80s, and things ended famously well for everyone involved.

[@richardarriaga6271]

​@@vgalisThe people showed their gratefulness personally.

[@Notmyname1593]

Austerity can be done well, you know? It has been done. For example, Estonian gov did it during the financial crisis of 2008.

[@buira9482]

I feel like international media is missing out on all of the fun bits, such as him liking 1500 tweets in one weekend, or the dog cloning.

[@andresreal8261]

Or getting baited into an argument by a fake account of the Provincial Governor. Or dressing up as "Captain AnCap". Or creeping TF out of Trump at CPAC after he tried to hug and squeeze him and whatnot. There's a lot to meme outta this little gremlin.

[@thomaswikstrand8397]

​@@andresreal8261 He's GENERAL AnCap! Show the man the respect he deserves. None, specifically.

[@neil2444]

I feel the right-leaning media is going to spend the next few years licking Milei's a**hole, and unfortunately a sad side effect is that every now and again, I'm going to have to hear Vaush talk about it. If the Argentinians don't get it now, they will.

[@buira9482]

@@andresreal8261 Born too early to explore the universe, born too late to explore the world, born just in time to experience the greatest meme moment in Argentina's history. .

[@MattZaharias]

That's 750 likes on tweets per day, or one like per minute for 12.5 hours straight each day. Dude is chronically online, no wonder he is so awkward.

[@noosphericaltarzan]

What more can be said about so-called "right libertarianism" that wasn't already said about Milo Yiannopoulos' Straight Christian arc. It's just not real and it can never actually work.

[@andersonisowo9603]

Having a Budget surplus if you are a state just means that you haven't spent all the money you received in the tax year, which would mainly be tax dollars. This means that you, the state, have basically pulled money out of the economy and are now sitting on it, which is exactly the opposite of what a state is supposed to do. How is this supposed to be good for 'the market' again? The greatest lie of austerity is that it will end.

[@Spido68_the_spectator]

A surplus is good to pay off debt, which means the state money that was previously injected into the economy disappears. This a way to control inflation. A State than naturally gets surpluses is in a strong position to pull off major investments. Because debt strangles public finances. However, the effects of that surplus are not to be ignored : if people lose their homes or purchasing power outright for basic necessities, is it worth it ? What boundaries shall we define ?

[@taza257]

to pay off debt maybe?

[@Spido68_the_spectator]

@@taza257 if austerity doesn't makes surpluses (with it doesn't do in Europe exept Greece but Greece was looted), then it's downhill spiral

[@felipetalavera7761]

u know the cause of inflation and how affect poberty?

[@LonexX18]

@@Spido68_the_spectatorBut you don't even understand the implications of what you are saying. Yes, it is technically true that if you cut social spending and withhold money from poor people then they can no longer afford to participate in the market so demand drops which in turn means prices drop. But that's simply the equivalent of saying "if we kill off all the poor people, then there is more for everybody else". Yes, that's true but let's not pretend that is anything other than fascism with a liberal mask on.

[@5959Luc]

If billionaires were actually intelligent, they would invest in Argentina to make it look like libertarianism is successful to convince others to try it and only then start their feudal societies.

[@andersonisowo9603]

That is probably what will happen if enough regulation and departments are slashed. Once the LibertariOs realise that they need some sort of state to actually function they will begin selling off state apparatus to private parties, which might bring in foreign investment. It's unironically the same as the IMF/World Bank playbook they claim to despise. The difference is where as the IMF and World Bank pretty much state that this is their goal, the Millei Gang is probably going to acheive this outcome as a consequence of their own stupidity.

[@macmcleod1188]

Like scorpions, it's just not in their nature.

[@cyanthrope]

imagine if a billionaire was as smart as a carnie. Honestly we'd be pretty cooked

[@MOPCLinguistica]

billionaires only like big government and the left, where they can get their safe government contracts, they hate free markets.

[@jasonthompson7230]

Ralph Klein paid off Alberta Canada's debt by austerity and drastic cuts. 20 years later, health care and other public services haven't recovered. Now in debt again on the resource roller coaster.

[@thepolarphantasm2319]

Holy crap dude, Sky News is hot garbage 😂

[@Niko_from_Kepler]

Murdoch owned company.

[@Jobbothenonbeliever]

Worst media “news” brand in Australia. They have some complete wankers there. Don’t get me started

[@edc1569]

Aussie version certainly is

[@user-zb9lv3gh8s]

​@@edc1569who owns European sky news?

[@michaelk.jensen1611]

Sky new Australia is extreme, Sky news is completely ordinary at least compared to it, earlier it was also much worse than most fox news, now i dont really know, would take a new round of evaluation, which is EXHAUSTING!

[@Industrialitis]

We already have a pretty well understood idea of libertarianism, it's called austerity. That's all it is.

[@knuckles543]

austerity/disaster capitalism/profiteeering/kelptocracy/oligarchy all the same, just with a different twist

[@Paint_The_Future]

My favourite part was 16:44 where she said the Trump case was a "clear political hit job" on her News Show. Some Real News right there. I'm glad I can go to Sky News to get my News about what to think of insurrectionist presidents and how unfair life is for them.

[@star3catcherSEQUEL]

They keep frantically gesturing to the surplus as if that means something, but the government having extra money doesn't matter much if it's not going to actually spend that extra money on anything. "Extra money in the budget!!" The budget for what??? What is that extra money going into? "You know... the budget!"

[@delos2279]

Right, they cut social services that help the poor. Now the government is "saving taxpayer money" as poverty shoots up and the poor are starving, homeless, etc... Libertarians (ancaps) don't understand the government isn't a business. The whole point is to use taxes to help people.

[@taza257]

the extra money is going to pay the debts of the previous government maybe?

[@carry7871]

Why does every libertarian have this unhinged, piercing homelander type stare

[@cookiecola5852]

Cuz their whole persona is chaos

[@Rainyman63]

The idea of a „free market“ is laughable. Markets are never „free“, they are ruled by the participants with the most resources.

[@robinsss]

at some point SEARS. was the biggest department store in America and Walmart was the size of a dollar store years later it's reversed

[@Veridiano02]

Economics will improve. I mean, if you take only studies that will cut basically 6 out of 10 argentinians living in complete and utter misery, without home, food or shelter, and focus only on the very few mega corporations that are gonna invest there in some corrupt businesses that are gonna erupt under the blanket of Milei's dearest social circle of family and friends, then sure.

[@nerag7459]

Its very easy to balance the budget if you are fine with letting people live in starvation on the street.

[@davidv4018]

But not for a long time. In a long time we will have people living in starvation and we won't balance the budget.

[@nerag7459]

@@davidv4018 Thats my point.

[@davidv4018]

@@nerag7459 Ok, you never know. In Argentina, the defense of the "libertarios" is that is good to let people live in starvation on the street: because it will make the country spend less and save money. So, i make the clarification everytime just in case.

[@nerag7459]

@@davidv4018 People dying of starvation will have multiple costs.

[@davidv4018]

@@nerag7459 agreed

[@daitauloable]

It is important to point out that businesses are not just little governments, they are little AUTOCRATIC governments. There is no internal accountability for the leadership and the libertarians want them to have no external accountability as well.

[@mercurialsilver5688]

Doesn’t matter. Libertarianism makes a powerful few more powerful and wealthy, and that is all they care about.

[@delos2279]

Sociopathy is built into the ancap world view. Society doesn't exist, human wellbeing doesn't matter, it's all just about trying to grab as much for themselves as everything around them crumbles by design. Neofeudalism basically.

[@ThatPurpleFlounder]

COUNTRY'S STABILITY? AFUERA!!!

[@warrenschrader7481]

Libertarians: "Governments can't do anything right! Put us into power and we'll prove it!"

[@felipetalavera7761]

they r proving it

[@sawtooth808]

@@felipetalavera7761Bwahahahahahahaha 🤣🤣

[@MrKasenom]

I have to admit it, watching vaush's debate with LP leaders helped to push me to stop being a libertarian

[@felipetalavera7761]

u never were libertarian then

[@reptikrookgaming6227]

Poverty is rising GDP is getting low According to all sources Capitalism has to go

[@waltlock8805]

If you can think of another system that works, let us know. Hint: there's only been one successful socialist nation - and it's funded by oil.

[@Lyaso]

@@waltlock8805You know we can continue to make up different systems, right? Like, there's not just an exhaustive set of prescriptive systems from which to choose; we have the capacity to keep changing our behavior and policy to more successfully meet different quality of life metrics. You do understand this, right?

[@Puzzles-Pins]

​@Lyaso So the answer is, you got nothing. And nobody else seems to either. Despite years of you people complaining about the fairest system in human history.

[@blarghblargh]

mom's spaghetti

[@blarghblargh]

@@Lyaso if they understood how sample size works, they'd never have parroted that slogan from the mccarthy era.

[@arandmorgan]

I love the fact that socialist structure is laughed at and dismissed, meanwhile this stuff is prescribed as really really good.

[@50043211]

Sky News, Murdoch News.

[@felipetalavera7761]

ad hominen

[@sawtooth808]

@@felipetalavera7761 it’s the truth.

[@felipetalavera7761]

ad hominen@@sawtooth808

[@CH-mu8el]

Latvia could have the largest budget surplus in human history if they just stopped paying for everything. Having a budget surplus isn't an accomplishment or a difficult thing to achieve

[@delos2279]

Right. Budget surplus is just taxes being raised but not spent. But the whole point of taxes is that they are spent to help the people. No one should should be surprised that they got a surplus after cutting social services... Or that the poverty rate is spiking as a result of said cuts.

[@bernardfinucane2061]

It's also worth mentioning that companies would rather not compete -- monopolies are much more profitable. So taking away government oversight ends the free market. This was pointed out by Adam Smith in his original book about markets.

[@thelazyguy3735]

Libertarians are like house cats: absolutely convinced of their fierce independence while utterly dependent on a system they don't appreciate or understand

[@taza257]

terrible analogy, it has already been studied that cats are one of the animals that if the humans went extinct, would 100% survive in a post human world without problems

[@thelazyguy3735]

@@taza257 you clearly haven't seen my cats

[@marshallsweatherhiking1820]

It does work for the people who it’s supposed to work for.

[@soggymarshmallow]

I wonder what he'll do with that surplus, and for how many more months he expects a surplus to appear...

[@felipetalavera7761]

pay debts? , lower the taxes?, reduce inflation?

[@CykoruKun]

Adding to that, one-month budget surplus can happen even if your budget is planned for taking on debt. My country has a so called "debt hole" of like 150 billion and the planned spending is around 850 billion. And even with the budget planned for taking on additional 150 billion of debt we've had a budget surplus in June. They just shifted some payments around to show surplus because elections were coming and this was good PR.

[@lucasurbina4394]

I live in argentina. All that milei cares about is reaching a budget surplus, and he has achieved that at the cost of throwing 3 millon people in poverty, and not paying for almost anything. People have bought into his plan because he said it would bring inflation down. If that doesnt happen in a few months he won't last long, but if it does I believe he can actually stay in power for a long time, because people are extremely tired about inflation and are willing to accept almost anyting in return for eliminating it.

[@felipetalavera7761]

tu te das cuenta que milei esta bajando la inflacion

[@ThePolistiren]

You voted socialists for decades. You didn't care when they threw 30 million people into poverty for no economic benefit.

[@sheldonmarcotte8392]

"Yeahhhh Babyyyyyy" The Argentinean PM is looking very shagadelic. Ever since him and Dr.Evil squashed the beef, Austin has gotten evil.

[@JasonBoyce]

Who would have thought that “doing nothing” isn’t a solution for poverty

[@kevinathans4191]

Just subscribed. I don’t know who you are, or your background, but you crushed it! Nice to see someone understanding and calling out Libertarianism.

[@BrokenCurtain]

If I stopped paying my bills, I'd also have a budget surplus - before getting evicted from my home.

[@JARV9701]

Milei: Mira! Ya Somos solventes! Last known message coming from Argentina.

[@tenchimuyo69]

The Austrian economics attack again lol.

[@richardarriaga6271]

1:06 his rival should say "afuera" and pull a sticker of him in a campaign ad.

[@Rosebakker5242]

Also, radically cutting budgets will lead to budget deficits later down the line. Less public spending means less economic activity, less economic activity means fewer jobs, so people can spend less and have less taxable income, less tax income means less money to spend on stuff and you are back at where you started. There is a reason why no real top economist advocates for radical tax and budget cuts

[@anamartello9703]

Less goverment spending means less taxes, which in the case of Argentina is done through inflation. Less taxation means more private investment and more efficiency. More private investment means more organic economic growth that will benefit everybody, not artificial growth created by the government that only concentrates wealth. The resources spent by the government come from the private sector, and therefore it's a zero-sum game. The sky high budget deficits happends because the Peronists trade votes for government positions. The estate is inflated by a hugh number of public employees that has no economic function.

[@Rosebakker5242]

@anamartello9703 that is an assumption that money from tax cuts either profit the entire population equally or wealth trickles down. Both rarely happen. Most tax cuts benefit the wealthy, and wealth gets stored and doesn't circulate. Every dollar spent on the wealth gives 0.32 USD to the national GDP, and every dollar spent on the average man gives over a dollar in growth. Trickle down economics has never and will never work.

[@Rosebakker5242]

@@anamartello9703 like you do realise that companies barely invest in their companies anymore, but instead they do stock buy backs

[@Rosebakker5242]

@anamartello9703 also, also, government expenditure isn't a zero-sum game. Not that that is incredibly important

[@brentwalker8596]

Watching people celebrating Milei's histrionics as he throws out social programs is like watching people cheer loudly as Trump insults handicapped people or 'owning the Libs". It's a specific form of sadism that drives the right wing.

[@FNLNFNLN]

Modern economics: We need to make these numbers go up. Why do we need to make the numbers go up? Dunno. But we gotta make the number go up.

[@taza257]

we need to make these numbers to go up to pay debt maybe?

[@FNLNFNLN]

@@taza257 Now this is where knowing the reason is important. If you need to pay your debt, cutting public programs is the worst way to try to make the number go up, because cutting off public money cripples private earnings, which cripples your tax base, which makes paying debt harder. Having debt isn't a huge deal. Japan still hasn't collapsed yet, and neither has the US, despite the republicans' best efforts.

[@michaellane5381]

​@@taza257extreme debt isn't really a problem... If you think America will pay up the debt when someone owed it asks, you're deluding yourself, they'd just go to war and generate more money until someone cries uncle.

[@felipetalavera7761]

@@michaellane5381 u know debt is one of main causes of poberty in argentina?

[@michaellane5381]

@@felipetalavera7761 personal debt, not national debt. If you yourself are poor, it's a problem, if your nation is poor, it's only a problem for the country making money and hiring, debtors would have to collect their debts for it to be a problem, and among those the US owes debt to are everyone with a military capable of taking the US down, which basically means attacking the US as a small investor is suicide, and attacking the US as someone like China is economic suicide, there does not exist the assets in the world to cover the existing national debts, and war on a grand scale would reduce as much existing assets as it would gain. The economic movement of money and belief it means something is the only thing that matters at international scale.

[@thisisutubnottwitterwhyhandles]

In Libertarianism, you don't have to worry about the government, because the rich will own you instead.

[@BrokenCurtain]

18:04 No, it's just Australian. What you're seeing there is typical right-wing news coverage of foreign countries. Right-wing media is tailored towards a domestic audience. They don't really care about the outside world, which is why their news segments about those places are low on facts and misleading.

[@haruhisuzumiya6650]

Basically cooker TV courtesy of Murdoch media

[@shis1988]

My f-ing nonexistent god, it's "Hah-vee-AIR"...

[@xx_isabel_the_wolf_xx3869]

Yeah it pisses me off too

[@kyleyoung2464]

The issue with libertarianism is they focus an weakening goverment and not companies, when it should be weakening both.

[@vrahnkeneisenbach9148]

"Well, our water supply is poisoned with recycled fecal matter, crime syndicates are popping up, everywhere, people are getting worked to the bone on farms and factories and dying on the job from exhaustion, nobody is getting educated, and hospitals don't have the resourses to treat people who are being poisoned, stabbed, and overworked.... ...but out budget's back up! YEEAAH BABY, YEEAAH!" - AnCap Austin Powers

[@pamelqtaylor8335]

Sensible lives for citizens - afuera!

[@davidv4018]

Libertarianism should work fine in Argentina, we have no bears here.

[@syeblaize]

This Sky news lady seems drunk.

[@icin4d]

She reminds me of Bartiromo. Sky News Is the Aussie's Fox News. Both by Murdoch.

[@skyeplus]

"It's too soon to talk about the effects of the reforms yet. He said it's gonna get worse before it gets better." "Well, he didn't get a chance to implement his reforms to a full extent. We needed more Free Market, and then it would've been an economic miracle."

[@michaelk.jensen1611]

Yes, because its like we NEVER tried this before! Arghh

[@davloe]

Am I the only one who always has to think of Family Guy/Consuela when listening to Milei? "Bring back Brian!" "Nooo no, doggy afuera!"😂

[@ASolidSnack]

Real capitalism has never been tried

[@jeffreydenenberg7101]

cope and seethe

[@Nverdis]

Sure it has, it is known as "feudalism"

[@TMmodify]

obviously you're memeing but the thing is, if you consider that "real capitalism" is when nobody ever tries to cheat the system, I suppose you're actually kinda right

[@Luigi_Mario_1997]

It has; Feudalism, and look how that turned out. It wouldn’t matter to psychos who want billions dead.

[@j0j0dartiste21]

​@@TMmodifyi often find it interesting how the same people that say that communism can never work because of human nature always assume that if people with power are given all that power to keep they just won't abuse it.

[@orelyosif5852]

Argentina is on it's way to become a first "forth-world country"

[@tomcampbell7693]

Truly shocking outcome i must say

[@rodrigoezequielneira]

A lot of coments. Well I'm from northern Argentina. The fact is that the last goverment, and for the past 20 years, "socialists" have been devastating everything. Our new goverment has less than 4 months. Lets see what happens.

[@chris135x]

As a U.S. citizen, I hope your country comes out of the "hole".

[@rodrigoezequielneira]

@@chris135x I appreciate it. I feel we can and hope a real change comes from this, for the people and what we demand from our government.

[@laeliuss7495]

WHAT? Libertarianism doesn't work? Someone should write this down, I'm so shocked

[@ClannCholmain]

Trash in, trash out. It has real world implications for the most vulnerable.

[@kennyholmes5196]

My initial response to the title: "Of course it doesn't work, silly; no laws means no laws to stop the formation of a government to fill the power vacuum."

[@j0hnicide]

real libertarianism has never been tried

[@somerandommen]

True tho, real Libertarianism was a Socialist ideology created by Proudhon, a Marxist... so real Libertarianismn hasn't been tried.

[@firefly9838]

I'm a social libertarian but economically libertarian doesn't make any sense

[@bootmii98]

It's worked pretty well in southern Mexico and northeastern Syria

[@OldmanTomkins]

​@@bootmii98 anarchist communities like those tend to pop up as a result of ethnic exclusion though (the free Ukrainian territories being similiar) Idk if they can be replicated elsewhere.

[@Niko_from_Kepler]

@@bootmii98Southern Mexico has the leftist type of libertarianism.

[@DimaRakesah]

Who needs science, technology and innovation in this modern economy!? AFUELA!

[@joca2903]

Milei: oxygen. AFUERA! the people: YEEEAHHhhhuuh wait

[@arsenelupin123]

A budget surplus will send the entire economy in an even worse spiral

[@J3l4n]

'It's not real libertarianism bro.'

[@anaconda470]

You're ridiculous. When Poland bankrupted in late 80s after decades of socialism it took hard measures and few good years to recover. With full cooperation of the parliment. After 10 years we bounced back. You expect results in Argentina after few months? Or... you are afraid that it will work. And that would break your bubble...

[@zombieoverlord5173]

Is Soviet exploitation socialism?

[@chris135x]

@@zombieoverlord5173 I don't know. What is capitalism?

[@monkeypuzzle2116]

There will be a false positive in Argentina. It's called the "dead cat bounce," when things bottom out, and recover a little bit, but not as much as if they hadn't done the bad thing in the first place.

[@gudmundursteinar]

As much as you are probably right about Millei... there hasn't been enough time passed to judge him yet. National economies don't work on week or month scales but rather on year or decade scales. That's how long you need to implement the policy for it to actually have it's effect.

[@Muninnnr]

You are correct, but the problem is that while it will takes years for the impact of national economic policies takes years, the long-term damage that his policies will cause will take decades to recover from. That's why these policies have to be fought before they can be implemented, because if they are implemented then the damage will be felt by entire generations of future Argentinians. Granted, Argentina's economy was fucked to start with, so whether or not this new kind of fucked-up-ness is worse or not could be a matter for debate.

"As much as you are probably right about Millei... there hasn't been enough time passed to judge him yet" ..................I hope this is a fucking joke.

[@gudmundursteinar]

You are probably right about Criminal X, right? We'll just send him to prison without a trial, right? Millei has made drastic cuts to social programs and subsidies arguing that there isn't enough money and that it is wasteful spending. So obivously poverty will increase as people who were receiving the help have their income reduced. That's not actually the sign of a failed policy, that's an obivous consequence of giving people less money. Then entire Millei argument is that Argentina's policies of protectionism and subsides have harmed the economy. If he's right then it's going to take more than a year or maybe even five to see good results. That's the point, he's probably wrong, but to prove him wrong will take some years.

[@gudmundursteinar]

@@Muninnnr Absolutely. One economist once argued that there are only 4 kinds of economies. Developed, Developing, Japan and Argentina. Argentina is wierd. It has traditionally had really strange policies on trade, subsidies and redistribution. The country itself has remained a basket case in constant chaos. It went from being one of the top 5 wealthiest countries in the world in 1913 to be number 66 today. This is a massive failure of economic policy over decades. Argentina went from being developed to being developing. That's not normal.

[@rudidellama3718]

Very funny the commentaries, people seems to be unaware that Argentina was already broken from years of the left in the power, super inflation, a pretty significant part of the population lived out of public money with no insentive to work, plus a alot of people were public workers that just inflate the State. Independent of who would govern the situation was and still is very bad. The inflation seems like is slowing down, I'm expecting that Argentina will do a big come back in some years, by that time I'll come back here to see what every economist in here are saying about it

[@blinkx1070]

>I finally paid off my debt! >How did you do that? >Oh I only ate 1 meal a day and lived in a van down by the river

[@markaxworthy2508]

Given that poverty was affecting over 46% of the population before Millei came to office and was rising, the country was already in deep trouble. He is presumably following the electoral cycle by accepting the damage from his policies early in his term in the hope that things will improve before his first four years are up and this will win him a second four years. I wouldn't yet bet against this happening.

[@ZuriArtia]

HEY COMMIES! Crashes Economy.

[@MikeSpike117]

Sky News Australia specifically is super right wing

[@shis1988]

Super right wing as in AUS right wing or GQP right wing?

[@brandontrammel4581]

​@@shis1988even worse than gop right wing which is a crazy thought

[@T33K3SS3LCH3N]

The main thing to realise about Argentinia is how dumb that whole "socialism ruined their economy" argument is. Argentinian economic decline was primarily about their failure to deal with the effective end of UK investment after the start of WW2 and various other trade-related decisions in an EXTREMELY trade reliant economy, which at various times ruined both their imports and exports. Government debt and "socialism" were minor players in this.

[@52flyingbicycles]

More important that Argentina was never socialist. How could socialism ruin a country it was never empowered in?

[@Historia.Magistra.Vitae.]

@@52flyingbicycles _"More important that Argentina was never socialist. "_ Wrong. Peronism was a socialist and neo-fascist movement.

[@Historia.Magistra.Vitae.]

@@52flyingbicycles _"How could socialism ruin a country it was never empowered in?"_ They had socialism, just not the Marxist version of it.

[@Bolognabeef]

He literally said before getting elected: "a shock therapy will be needed, and for the first period of my government there will be more poverty, unemployment and indigence than before" The reason is pretty simple, just think of socialist policies as drinking alcohol: the next day you can either keep drinking alcohol and delaying the problem, or you can stop and face the hangover. Milei chose to stop printing money, stop government spending and stop suffocating businesses for the sake of politics. Now Argentina is in a hangover (not bad at all, i live in argentina currently) and after it will achieve the same results of Ireland, New Zealand and China when they did the same policy

[@mvslice]

Republicans want Rand Paul for Senate leader, and I think that would be hilarious.

[@user-zb9lv3gh8s]

Jesus H Christ, that prick would plunge the entire government into dysfunction.

[@somerandommen]

Brave to call Right-Wing "Libertarianism" a form of Libertarianism ngl

[@cleardrop4531]

He only has a surplus because he stopped spending. Now everybody is poor and dying AND nothing is happening so the pile of cash he piled up from this will be smaller next month and smaller again after that until he doesn’t have money or people

[@LockandLoad79]

Here's a rule of thumb: Never trust the sanity of any leader with weird hairdo on his head.

[@Jojo.R.Chipelago]

Just so people understand, Sky news in the UK and Sky news in AU is not the same. Sky news in the UK is effectively one of the most impartial news channels in the country in the last few years. Meanwhile in AU, Sky is the same as Fox news 😂

[@tom5505]

Sky News Australia is a Murdoch network, and you can really tell

[@Ilikefire2792]

Breaking news: US style libertarianism is just fascism in disguise In other news : Water has been discovered as being wet.

[@Historia.Magistra.Vitae.]

Libertarianism is the complete opposite of Fascism, hun.

[@gamakujira64e23]

@@Historia.Magistra.Vitae.”nuh-uh!” Great counter-argument

[@Historia.Magistra.Vitae.]

@@gamakujira64e23 : Cope harder.

[@Ilikefire2792]

@@Historia.Magistra.Vitae. left wing libertarianism or right wing libertarianism?

[@saliferousstudios]

Buisnesses are small governments.... Yes. Thats a great quote.

[@michaellane5381]

Small governments without the services, they'll build those services to extort sometimes, but always the first thing to cut and the last thing to add a value beyond keeping you in the workplace longer hours.

[@agilagilsen8714]

I mean, is there a single person outside of the people who voted for him who is surprised by the fact that everything seems to be going to shit?

[@andrewgreenwood9068]

Also Australia had a surplus last year so sky gushing over this os particularly pathetic

[@doggybean7026]

Sky News and being pathetic go hand in hand

[@Sun-Ra9]

To get less govt impose more authoritarian govt is the policy of milei, the way he curbed the protestors and wanted to start a national registry for the families of protestors is bonkers