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Under President Milei, the worst economic crisis in decades puts Argentine ingenuity to the test. Welcome to libertarianism that actually exists in the real world.

⁨10⁩ ⁨likes⁩

Submitted ⁨⁨2⁩ ⁨weeks⁩ ago⁩ by ⁨cm0002@lemmy.world⁩ to ⁨economics@lemmy.world⁩

https://apnews.com/article/argentina-economy-crisis-javier-milei-president-peronist-crisis-8a8ac450fa5f7942f61ab092fdd4ed15

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  • ShaggySnacks@lemmy.myserv.one ⁨2⁩ ⁨weeks⁩ ago

    As Milei takes his chainsaw to the state’s anti-poverty programs, the poorest Argentines don’t have the coping mechanisms they once did.

    Chainsaw austerity hurts the poor. Chainsaw austerity is going to breed a new generation of radicals as the system leaves them behind.

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  • ThrowawayPermanente@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago

    Yes, it’s truly shameful that in less than two years libertarianism done by amateurs has been unable to fix the damage done by decades of overspending, protectionism, and red tape. Maybe we should all just give up?

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