• @Rookwood
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    2 days ago

    Poverty figures made a record jump of 11 points in the span of six months.

    All they needed is to sacrifice the poor. Poverty is now at 53% in the country.

    • @seaQueue
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      102 days ago

      Sounds like a libertarian utopia!

    • @ShardikprimeOP
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      -82 days ago

      After a 49% poverty left by the previous government. So a tick of 4% after that is almost nothing

      People voted him for a reason

      • @Poach
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        102 days ago

        I mean that’s a 10% (almost) change. I’d consider that significant for a population.

        • @[email protected]
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          72 days ago

          Don’t try to reason with guys like this. That number means almost 2 million people became poor in the last 6 months. Two. Fucking. Million. People, with real lifes. For them is a just lines going up and down in a chart, to attract possible foreign investors. They would sell their own mother for the good lines to go up, and the bad lines go down.

          • Flying Squid
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            31 day ago

            Also, this person constantly posts articles simping for Milei. They are totally here with an agenda.

          • @ShardikprimeOP
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            01 day ago

            People didn’t become poorer from one day to another, here in Argentina food, services and health are heavily subsidized indiscriminately with money the country does not have.

            Money that until last year was printed indiscriminately as well

            As the subsided amount is being reduced because there is no way to pay for it, it’s understandable people will start entering the brackets for poverty.

            Also, as more money is not being printed, inflation has been lowering as well.

            Which has the side effects of lowering poverty as well

            The current poverty index is sitting at 49% for the May -October period.

            So it is clearly improving

            Beyond that i don’t see a reason why you ask people to not reason with others. That’s basically the whole point of communication. Which I would understand if you had no argument to discuss, but you seem articulate so it does look weird.

            • @[email protected]
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              214 hours ago

              Turns out people have forgotten the oldest rule of the internet, don’t feed the troll. When I was younger I thought people like you were just uneducated, and that if I could reason with you, you were actually going to change your mind. Turns out it’s not like that, you are not here to change your mind when presented with new evidence, as regular people with a pinch of self reflection do, you just want to amplify what your little echo chamber says. Trying to reason with you would be time wasted, and now I’m older and tired to just argue for the sake of it, so hard pass.

          • @[email protected]
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            01 day ago

            That’s what happens with massive inflation, more and more people get made poor as income can’t match the rising costs. Once inflation cools to the point cash from month 1 is about the same as cash from month 2, people have a chance to get out of poverty.

            • @[email protected]
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              1 day ago

              Previous governments from all political parties, all them had inflation, and workers could recover from it because unions negotiated raises according to inflation in every industry, it was commonplace back then. Why do you think there is a recession happening right now? Not only we have more people in poverty, but people outside of it also has no money to spend. Inflation kept rising but NOW, salaries didn’t accompany it. Few privileged escape this situation, even the original article doesn’t paints this stuff in a good light. We have inflation in US dollars now, so the country is becoming more expensive to live in in a way people can’t react to, how do you think that will help with poverty? It’s now, with this government, for the first time ever, that income can’t match rising costs, moron. People can’t even pay for food, housing or even electricity, take your head out of your ass, this is not just statics, it’s people. The original article states a loss of 3.5 GDP, do you know what that means?

              Libertarian assholes think everything is cold numbers in a chart, I hope they get fucked as the Nazis they are.

              • @ShardikprimeOP
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                01 day ago

                Dude you sound deranged. We are discussing here with respect, not with insults.

        • @ShardikprimeOP
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          01 day ago

          How is the difference 10% between 49% to 53% ?

            • @ShardikprimeOP
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              13 hours ago

              Then I’d ask you to correct your comment, just to keep the information clean.

              Beyond that, In the large scheme, it was bound to happen due to lifting the extremely subsidized price controls on food, rent, transportation, health and the heavily subsidized services.

              It’s not pretty but it had to be done.

              The country was literally printing money they don’t have to pay things they couldn’t afford

              • @[email protected]
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                16 minutes ago

                Like with all things you post, maybe you should check your sources better. I’m not the one who posted the 10% statement

    • @[email protected]
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      62 days ago

      This is terrifying news for the MMT crowd though as it’s pretty good proof their theory is bullshit.

      • @homura1650
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        12 days ago

        In what way is Argentina inconsistent with MMT?

        • @[email protected]
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          31 day ago

          MMT argues that government printing money isn’t inflationary, and inflation can be controlled with taxes. Argentina had massive inflation while spending and taking on debt, and magically it’s gone down as measures to stop that spending were implemented.

          • @jacksilver
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            112 hours ago

            Is that right? I thought the general notion is that demand outpacing supply causes inflation. Doesnt printing money inherently increase demand? That’s why the Fed raised interest rates to fight inflation in the US, it slows money down by making things more expensive (in simplistic terms).

            • @[email protected]
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              23 hours ago

              To MMT the printing of money is only inflationary when a country doesn’t have additional productivity. Thanks to digital products and services though l, production is nearly infinite. Others argue that all printing of money is inflationary.

              The Fed only really has interest rates as a tool, so they raise it when inflation goes up. It can fight inflation by slowing lending, which thanks to fractional reserve banking is the primary source of money being printed/created.

              • @jacksilver
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                13 hours ago

                Seems I need to read up more on the specifics of MMT. It feels like you keep contradicting yourself between your posts, but maybe I’m just missing something?

          • @vxx
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            1 day ago

            It’s 2.7% a month, which puts the inflation at 32%.

    • @ShardikprimeOP
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      -41 day ago

      It is indeed, most of the country is happy with this development

      • @[email protected]
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        414 hours ago

        Most of the country is under the poverty live genius, and the ones that are not, have no money no spend and that why a recession is happening. Take your head out of your ass.

  • @[email protected]
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    52 days ago

    If this success lasts a long time, it will almost certainly guarantee a dystopian future for all of us.

    • @vxx
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      41 day ago

      Argentina only has 32% inflation, what a success!

      • @[email protected]
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        11 day ago

        I know your being sarcastic but compared to what they were dealing with, 32% is actually a big success

      • @ShardikprimeOP
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        -11 day ago

        Indeed, from 211% annual inflation to 107%? Astonishing success

        • @vxx
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          31 day ago

          Maybe they ran out of paper and can only print half the money

          • @ShardikprimeOP
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            113 hours ago

            We are actually not printing any, fiscal responsability it’s the new moto