• redut_nl@lemmy.libertarianfellowship.org
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    2 days ago

    Argentina is collapsing.

    Jaja, I love real world examples. The opposite is true. You can see basic economics working in practice 😀

    https://www.morningstar.com/news/dow-jones/202501249138/moodys-upgrades-argentinas-rating-as-inflation-and-debt-levels-improve

    Poverty is down and lower than when Milei started his presidency. Do you really think the poor care that his policies will make a few rich folks even richer? They just want shelter, safety and some food.

    • Cowbee [he/they]@lemmy.mlOP
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      2 days ago

      It’s the opposite, poverty is skrocketing. What’s happening is a decrease in debt and inflation at the expense of the poor, not the actual poverty rates, which again shows that those you support serve purely the wealthiest in society.

      Safety, shelter, and food are harder to come by for the working class under Millei, while the wealthiest in Argentina celebrate.

        • Cowbee [he/they]@lemmy.mlOP
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          2 days ago

          Why not zoom out? Millei marks an increase in poverty rates and a destruction of social services. The economy is shrinking and GDP is falling, and now Social Services those in poverty rely on are being eroded, resulting in the lives of those in poverty being far more at risk to begin with.

          I have no idea what you mean by saying I would rather see people poor. It’s the opposite, I’d rather the likes of Millei stop trying to destroy economies so that his friends and backers can get wealthier while the poor starve and die. Moreover, Marxist economics works, from the USSR to China to Cuba life expectancies rose dramatically, poverty rates fell dramatically, and the economies rapidly grew. China in particular is doing extremely well now and is now the largest economy in the world, when adjusted for PPP.

          On the contrary, it’s the “Libertarian Capitalists” that have no actual proof of doing anything other than helping the already obscenely wealthy profit more in the short term. It’s basic economics.

            • Cowbee [he/they]@lemmy.mlOP
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              2 days ago

              Yep. The poverty rate now is, by your own source, 36.8%. That is over triple what it was pre-Millei. I said, zoom out, so you could see what a disaster he has been.

              • redut_nl@lemmy.libertarianfellowship.org
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                2 days ago

                Oh, come on. You can do better than that. He took over from the socialists that made the country a hell and it was only getting worse. It really takes guts from a country to choose someone that is against freebies. This was not a country in a good shape. Poverty is not the only number that is currently improving btw. The Moody country ratings update is really significant. It marks the first upgrade for Argentina in over 20 years! Talking about zooming out 😀

                Let’s hope Argentina continuous on this free market path and next year Lemmy will be full of Libertarians. Future is looking bright.

                • Cowbee [he/they]@lemmy.mlOP
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                  2 days ago

                  Argentina wasn’t “Socialist,” perhaps a different flavor of Capitalist. Nevertheless, poverty was far lower under the previous party. It was by no means perfect, and Millei was in fact a protest vote, but the consequences have been disastrous. Trying to frame an over tripling of poverty and far worse conditions in poverty as “improving” is extremely silly on your part.

                  Argentina wasn’t in a good shape, correct, but now it’s a dumpster fire. It’s extremely telling that you, again, try to pass off a rating for investors as a sign of overall improvement when you’ve been clearly shown how Millei has decimated the livelihoods of the Working Class to make himself and his buddies richer. Again, basic economics.

                  As Argentina burns, there will be fewer and fewer Libertarian Capitalists globally, though there is significant chance of a revolution in Argentina if conditions continue.