- cross-posted to:
- argentina@lemmy.world
- cross-posted to:
- argentina@lemmy.world
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Libertarianism fails faster than communism EVERY time its tried, and it has been tried more times than communism
I’m not keeping up with Argentinia, how are things there?
Milei was elected in 2023
damn, what happened right before 2024?
2023
Damn you, 2023!!!
lmao, i handed it on a plate
Important context to that graph is the fact you’re showing the official exchange rate, which was 1/3rd the street rate at the time. The government rate was fixed by the government, while the street rate was determined by a free-ish market (in the economic sense, it was an illegal market)
Especially bad given 2025 has been the worst year for the USD in decades. Admittedly only 10-12% decline for USD
Edit: I’ve been reading more about the Argentinian economy today. The exchange rate is very misleading. Milei has done a terrible job, but the important context to the exchange rate is that it was artificially deflated by the government for a long time. I posted a better chart in another comment
Economic collapse, about to take a lifeline from the US
Is Milei accusing outside forces of crashing their economy on purpose? Another chance for socialists to find common ground with libertarians, who I am told were originally socialists themselves before being co-opted by the far right.
Libertarians are the complete opposite of socialists, at least on economics.
If anything, he blames the left for everything wrong with his failing regime.
Originally though, libertarians were on the left, the movement changed sometime in the mid 1900s to focus on property rights.
Although libertarianism originated as a form of anarchist or left-wing politics,[29] since the development in the mid-20th century of modern libertarianism in the United States caused it to be commonly associated with right-wing politics
https://en.m.wikipedia.org/wiki/Libertarianism
Edit: I first heard this from the debate between Vaush and Charlie Kirk that Tim Pool moderated, which was pretty interesting and didn’t make Kirk look particularly skilled at debating when he isn’t debating teens in front of a jeering audience. Worth a listen if you have 2.5 hours of chores to do it something:
Libertarianism didn’t change into it’s current form, the term was simply co-opted by the right. It used to mean anarchism.
Which is another term these people tried to claim by calling themselves “anarcho-capitalists” as if such a thing made any sense.
Wrong, but it doesn’t really matter, what matters is dorks like Milei have abandoned everything that makes actual libertarianism libertarian in favor of sucking off billionaires and cryptofascists and they’re not coming back from it.
Vaguely aware “libertarians” that don’t actually know anything and think socialism is when the government does stuff can be allies, Argentina’s government can not.
Not from US but the World Bank. He is struggling with corruption accusations while trying to make his reforms stick and attract foreign investment. He would probably go for a line from US for dolarization but that’s probably the hughest loan.
So, every other monday
It’s important to note this was true before Milei’s election and Milei has surprisingly improved the economy a lot from where it was.
He dialed back a lot of his insane libertarian talk and started listening to his advisors quite a bit more post election.
Unfortunately the people of Argentina are still going to be struggling as the previous administrations have dug them into a very deep pit and the only way out is hardship by the poor while the rich who ran the country into the ground are fine.
Like every other privatization fetishist he’s “improved the economy” in the sense that sometimes people sell their tools to a pawn shop to make rent.
I think it’s about the fact that China just ordered huge ammounts of soybeans from argentinia instead of the US of A
He meant the ultra rich class
A Hungarian far-right pundit Zsolt Bayer explicitly said when asked about how the right makes things worse for the poor: "I don’t give a shit about the poor getting poorer, all I care about is employment percentages, GDP, and seeing big luxury yacts.
