If there is bread being made on a store, believe me it can be worst.what worse could happen to Argentina?they are at the very bottom, hopeless
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Argentina - Pros Cons
- Thread starter wellington
- Start date
I think everybody that wants more freedom in the world has a dog in this fight. Statists need to win everywhere, we just need to win in one or a few places! If you have one or few more places in the world with high personal and economic freedom, low taxes, small government, these attract capable and freedom loving people and investors and entrepreneurs from the whole world - increasing the freedom and propsperity for everyone.
As these places get prosperous they also have the side effect of showing how misguided all the big state, socialist, lefty ideas are.
Amsterdam and the Netherlands in the 17th century is the classic example of this by the way. Spain, the dominant power at the time, cracked down hard on individual and religious freedom, didnt accept anything other than very strict catholicism. Spain among many other things besieged and crushed Antwerp which was a major trading hub - so all the capable merchants, shipbuilders, bankers, etc that couldnt stand the oppression of Spain fled to the newly independent Netherlands and specifically Amsterdam. So what happened, the Netherlands - while small - flourished in terms of innovation, art, seefaring, banking, trade etc, and became a dominant nation on the world stage, while statist Spain went into decline.
We need more Netherlands basically, it's really important for the world as a whole. (And we already have some, even if partly flawed, like the UAE, Monaco, Switzerland, Singapore, and past ones like US in the 19th and part of the 20th century, Hong Kong before China took over)
Politicians are actors. I'd rather trust Nigerean Prince.
Pros = Argentina, the country!
Cons = Argentinians, the citizens!
(Not all, of course! People like Marcos Galperín are an exception)
I go to Argentina quite a bit still, but not as much as when I was younger! Argentina was one of my favorite countries in the world when I was younger due to the Vedettes
Recoleta, Palermo, Mar del Plata, and Bariloche are my favorite places in Argentina.
I don't even know where to start...but the best I can do is provide Facundo Cabral's monologue "Pendejo" ->
Sadly, my Spanish is NOT at the level where I would dare to "interpret" Facundo's rant from Spanish into English. Besides, his jocosity and sarcasm would be lost in translation.
You can't eat hope and hope doesn't pay the bills either. But if all they have is hope then things can get a lot worse.
He told people what they wanted to hear and in December he is in office. Lets see if reality slaps him in the face as I said IMF and China will deal with him and global markets will swiftly teach him a lesson if he tries to deviate from reality
.Dollarization is no silver bullet, despite what Argentina's new president says
of course, like everyone else, it's the only winning strategy in "democratic" elections - those who did not never had their chance
agreed, bitcoinization is
I think unlike previous decades, the right wing will be clearly supported by the US as the anti-china alliance in Latin America
China warns Argentina severing ties would be 'serious mistake'
China warns Argentina severing ties would be 'serious mistake'
China said on Tuesday it would be a "serious mistake" if Argentina were to cut ties, after the weekend presidential election victory in the South American country of a right-wing libertarian who has said he will not deal with communists.
China and Brazil are Argentina's biggest trading partners. I reapeat again that it would be economic suicide to cuts ties with China and lose emergency PBOC swap lines they are using to stay afloat. Hostility to Brazil will not help their economic situation either....lol.
Reality after the event is often a hard pill to swallow like those in UK that voted for brexit
Main trade partners Argentina 2023 | Statista
With a total trade volume of 5.7 billion U.S.
www.statista.com
Milei is an academic and economist, Trump is a rich-kid who inherited his empire. They are worlds apart.
Lets see how well Argentina does by end of his first term if he carries through all his election promises. This thread will be around in 4 years time.
I sincerely wish the people of Argentina all the best however
.
www.aljazeera.com
--- quote start
“What he wants to implement is what they do in the United States, in Spain, in normal countries,” Quiroga told Al Jazeera before the vote. “What we are experiencing here is going towards Venezuela, Cuba.”
Milei will face a daunting set of challenges when he takes office on December 10, including government coffers that are in the red, a $44bn debt programme with the International Monetary Fund and inflation approaching 150 percent.
He also faces a divided legislature that threatens to constrain him from implementing his radical vision.
Campante said there was a high risk of instability due to Milei’s weak political support and the difficult economic situation.
“He seems attached to economic ideas that are very risky, to say the least – eg dollarization,” Campante said.
“If he doubles down on them, things risk going very badly. If he changes course and chooses a more orthodox and conciliatory approach, then things could be better, but oftentimes characters like him are unable to choose a moderate path.”
---- quote end
I sincerely wish the people of Argentina all the best however
.
Argentina elects outsider Javier Milei on platform of radical reform
Milei, a self-described ‘anarcho-capitalist’, promised to slash public spending and abolish the central bank.
--- quote start
“What he wants to implement is what they do in the United States, in Spain, in normal countries,” Quiroga told Al Jazeera before the vote. “What we are experiencing here is going towards Venezuela, Cuba.”
Milei will face a daunting set of challenges when he takes office on December 10, including government coffers that are in the red, a $44bn debt programme with the International Monetary Fund and inflation approaching 150 percent.
He also faces a divided legislature that threatens to constrain him from implementing his radical vision.
Campante said there was a high risk of instability due to Milei’s weak political support and the difficult economic situation.
“He seems attached to economic ideas that are very risky, to say the least – eg dollarization,” Campante said.
“If he doubles down on them, things risk going very badly. If he changes course and chooses a more orthodox and conciliatory approach, then things could be better, but oftentimes characters like him are unable to choose a moderate path.”
---- quote end
100% true!
*BUT* forget this in the Latin American and other similar cultures. The majority of the population believes in this. Not much can be done to "wake them up". If you try to tell them the truth, you become their target! Best to allow them to follow their fate!
There is an adage I learned in Spain when I was a kid visiting relatives who lived there.
El que por su gusto muere, la muerte le sabe a gloria.
I agree that Milei will likely not succeed in his plans, however, I don't think that will be because of Milei and his ideas.Lets see how well Argentina does by end of his first term if he carries through all his election promises. This thread will be around in 4 years time.
I sincerely wish the people of Argentina all the best however
Argentina elects outsider Javier Milei on platform of radical reform
Milei, a self-described ‘anarcho-capitalist’, promised to slash public spending and abolish the central bank.
--- quote start
“What he wants to implement is what they do in the United States, in Spain, in normal countries,” Quiroga told Al Jazeera before the vote. “What we are experiencing here is going towards Venezuela, Cuba.”
Milei will face a daunting set of challenges when he takes office on December 10, including government coffers that are in the red, a $44bn debt programme with the International Monetary Fund and inflation approaching 150 percent.
He also faces a divided legislature that threatens to constrain him from implementing his radical vision.
Campante said there was a high risk of instability due to Milei’s weak political support and the difficult economic situation.
“He seems attached to economic ideas that are very risky, to say the least – eg dollarization,” Campante said.
“If he doubles down on them, things risk going very badly. If he changes course and chooses a more orthodox and conciliatory approach, then things could be better, but oftentimes characters like him are unable to choose a moderate path.”
---- quote end
If the only thing he's able to do is removing ARS from the country and start using USD, that's the biggest win for Argentina in almost 80 years so even if that's the only thing he does it will be a full success for the country. Dollarization has worked on all latam countries that tried it and those countries where USD dollars flow freely on the country too: Panama, El Salvador, Ecuador, Chile, Uruguay, etc...
Yes, and if he can make the country attractive for crypto-using expats that would mean a win for me.
Obviously, it'll take a certain amount of time if he'll be able to bring revolution.
Argentina Opens Doors to Bitcoin Contracts
President Milei's Economic Deregulation: Argentina Opens Doors to Bitcoin Contracts
Experts explained to The Latin Times what the announcement means. "It's not a step in terms of regulation just yet"
www.latintimes.com
he's sacking 7k public servants! 
also said "All state companies must end"
and "taxes must be competitive internationally".
he just rewrote a s**t ton of laws, something like 300? and serious ones like commerce etc
and already called for another round just after a week from the above lol
Also has summoned lawmakers for special sessions starting December 26, will send 11 bills to Congress, including reforms to income tax and double taxation rules.
he's going full libertarian to the bone. he abolished the law that wasn't allowing foreigners to buy land...
"Milei’s administration had said it will allow protests, but threatened to cut off public aid payments to anyone who blocks thoroughfares. Marchers were also forbidden to carry sticks, cover their faces or bring children to the protest."
"[...] new protocol allows federal forces to clear people blocking streets without a judicial order and authorizes the police to identify — through video or digital means — people protesting and obstructing public thoroughfares. It can bill them for the cost of mobilizing security forces.
this is too much fun to watch. I can see this turning to extreme violent riots soon but who knows.
(just don't get the passport/citizenship for now as it's non-renounceable, and the next commie government will tax you to death, on your worldwide income!)
interesting read
en.wikipedia.org
they're already calling him fascist lol this guy is cutting everything
my boi hits hard!
he just told on tv the country is full of lithium and musk wants it, also US gov...
also said "All state companies must end"
and "taxes must be competitive internationally".
he just rewrote a s**t ton of laws, something like 300? and serious ones like commerce etc
and already called for another round just after a week from the above lol
Also has summoned lawmakers for special sessions starting December 26, will send 11 bills to Congress, including reforms to income tax and double taxation rules.
he's going full libertarian to the bone. he abolished the law that wasn't allowing foreigners to buy land...
"Milei’s administration had said it will allow protests, but threatened to cut off public aid payments to anyone who blocks thoroughfares. Marchers were also forbidden to carry sticks, cover their faces or bring children to the protest."
"[...] new protocol allows federal forces to clear people blocking streets without a judicial order and authorizes the police to identify — through video or digital means — people protesting and obstructing public thoroughfares. It can bill them for the cost of mobilizing security forces.
this is too much fun to watch. I can see this turning to extreme violent riots soon but who knows.
(just don't get the passport/citizenship for now as it's non-renounceable, and the next commie government will tax you to death, on your worldwide income!)
interesting read
Political positions of Javier Milei - Wikipedia
they're already calling him fascist lol this guy is cutting everything
my boi hits hard!
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