Milei is doing a great service for my country of Argentina. He DID NOT cut pensions, that is factually false. He lowered government spending by cutting irrelevant things. And EVERY month since he took office the inflation has been going down. VLLC
There has never and will never be an example of successfully strengthening the real economy, that involved demolishing labour rights and cutting pensions. A nation whose poorest are not in poverty, has an acceptable economy. Anything less than this, any economy that doesn't at least keep the relatively poor out of poverty, isn't strong. Economies must work for the society that spawns them, not the other way around.
And then there's the real world where perfection is the enemy of the good Working from a clean slate that is how it's supposed to work but 70 years of abuse has taken it's toll so now it's time to pay the Pied Piper and suffering is required to allow the country to flourish.
BBC is a far-left, communist, regressive, perversely woke, propaganda tool used to push the nefarious political agenda of its morally corrupt masters while being disguised as a 'media news outlet'.
@@almami1599many of the "Establishment economists" Many independents say this is a great plan that will bare fruits in about 4 years. You cant fix a corrupt system overnight
BBC showing leftist bias. Milei is a blessing for my country. Since he passed the new law yesterday (ley bases) all stocks are up, the currency has strengthen and the borrowing risk of Arg has gone down. Truly amazing things
Typical BBC providing poor context. You stated their economy was struggling and fail to mention since he has taken over thr economy is cratered due to his leadership and he cut almost all public services.
Maybe you just think you understand economics when you simply don't. He raised interest rates due to mass inflation and obviously this causes heavy recession especially after it comes with hyperinflation and 70 years of failed Peronist policies
Yes they have cut interest rates 7 times now in tandem with the central banks balance sheet. This is fundamental economics, as inflation is being lowered into the single digits, and continues to sharply decline with a drop in government deficit spending you want to lower intrest rates accordingly. It equates to less profit for the banks and lower borrowing costs for borrowers thus encouraging investment and building an economy that was on the brink of collapse. I wish the US wasn’t doing the opposite. Our inflation goes up with interest rates at this point because we are spending over a trillion dollars more than our GDP every year now. There are going to be ALOT of sad people when the US is forced to do the same.
As an Argentinian, Milei is what we need. The socialist goverments are selling our country, and these protests are protesting because they arent recieving anymore free stuff like the last socialist goverment was handing out.
@@codpiecemcduff3421The US economy is basically the strongest that it has ever been, even right wing pundits are tying themselves in knots over how to frame this as a bad thing, and you still think Biden is worse than his predecessor who caused 500,000 unnecessary Covid deaths and tried to undermine democracy?
@@OfficialMarkZuckerberg spot on. That’s actually a great analogy, except the government owns the bank, and the people who are robbing it need to find a more sustainable source of income
Everything to the right of Stalin is "far right extremism" to these people. They also willfully don't understand that there are more axis than just leftright. Such as libertyauthority. The vast majority of governments in the world today exist in the left/authority quadrant, and people are too apathetic and stupid to realize that what they're being told about the rest of the landscape is a lie.
I honestly don’t know what Argentians expected from a guy whose first action was to annihilate his country’s economic independence by replacing own currency with dollar
That was a good move. Now his Government eventually can’t panic print and his insanely high inflation goes down to US 4% inflation as Argentina dollarisation continues. Also Argentina is more isolated so it would be even more insulated from US inflation. Also he can always introduce other currencies later.
When the economy has been fucked to shit by social democrats it takes a bit of time before it will get better again - look at Thatcher, after a year of her in government Britain was in a recession, however her reforms were what allowed the British economy to grow to all time heights in the 1990s.
Argentina defaulted on its debt several times and its economy was in shambles for many decades and you blame someone who is in power for a few months 😂
@@tengu8560 considering that Argentina's economy has defaulted several times, are you sure that what is happening now is any worse? Milei's reforms won't immediately alleviate the economy. Therefore I don't think that Argentina is something to be praying for - in fact pray for all the countries which haven't done anything similar.
What happened libertarians? I thought this guy was gonna usher in paradise. Also, what's this? An ancap sicking the cops on his citizens? How unexpected.
Well, what happened is exactly what Milei said would happen - a shock therapy that would leave the country in shambles for a short while and then lead to a recovery. If Milei hasn’t stepped in it’d be even worse. I can’t believe I have to hear abbot preventing poverty from the kind of people who led the country into collapse for a hundred years. At least let them give it a proper shake. As for violent leftists? Common.
You expect instant utopia? He said himself it will get a lot worse before it gets better, but it will get better. And it will, already positive signs this early
@@phoenixmodellingphotography Or maybe he's trying to apply an online ideology to the real world and saying "it'll get better" to try to stop more people from taking to the streets.
@@EmpirealDemocracy Communism is the very definition of an online ideology, and that was where Argentina was trending before Milei even though their socialist policies had caused so much damage
@@phoenixmodellingphotography My friend, there have been and still are real world socialist countries governed by communist parties. Think what you will about them, they exist. How many ancap societies have been kicking around?
@@Ambar1990 Where I'm from, we have a saying: "When you're in a hole, stop digging." It means if something isn't working, it's best to try a different approach. Argentina has been trapped in inflation and IMF debt well before Milei's term. I'd like to see his reforms do for Argentina what Estonia and Georgia (Sakartvelo) did in the last decade.
NO HAY MEJORAS ECONOMICAS SIN SACRIFICIOS; SI NO HACEN EL SACRIFICIO HOY, MAÑANA SERA MUCHO PEOR...MILEI NO ES RESPONSABLE SINO TODOS LOS QUE LO ANTECEDIERON, Y NO HAY MAGIA QUE MEJORE LA ECONOMIA SIN SACRIFICIO.
Lmao, always blame each other, never the master. I could care less if an elder receives pension. I do care if my money keeps going to these weapon industries.
@@carlosmiranda5871 Unlike the pensioner. The weapons industries produce a profit. Some of which goes into Social Security/pension funds. Even those who retire from those weapons industries get a pension.
@@DeltaEchoGolf 😂😂😂. Profit in war? No duhhh. Sure continue making profit from blowing little kids into shreds. It’s not like it won’t ever come back and haunt you in the future.
Melei is not right wing let alone far right. The video is misleading. Melei is pro immigration,pro free trade,anti protectionist but he supports a small but strong central government,similar to what US had before the great depression.
The inflacion was above 100%. Whan Melei took office the official value of the peso was 400 to 1 USD but the real one in the black market was 800. The former Argentinian government was keeping it artificially low by spending the countries dollars reserves to make imports cheap. The problem is that if this continued for a few more months the dollar reserves would reach 0 and the government wouldn't have reserves anymore. What melei is doing is privatising state owned companies that always operate in a loss and are super inefficient. The workers of those companies are the one protesting since if the companies are privatised they would have to put real effort on the job or get fired since they quite literally do nothing.
@@Joel86543 look at India 4 trillion dollar economy they couldn't even compensate dollars, one dollar is equals to 80 rupees. So Argentina can't even imagine about those standard pesos equal to dollar. China can out cast them in 5 years only bcz of their current demand to export and international domination ,investments in giant brands and cooperations with some countries infrastructure development by the tremendous 17 trillion dollars economy.
Those people were mostly paid to protest The working class was, guess what, working while the law was being voted. Milei is the president who won with the most votes in the history of Argentina and his positive image has only gone up, so don't try to make up stuff and focusing on a protest by a minor minority Why don't you say what the inflation was before he assumed??
He was elected democratically with a very high percentage and his positive image has only gone up since BBC is only focusing on the riot of a minor minority and twisting the reality
@@boomboom123-sj2yc Knowing this first, that there shall come in the last days scoffers, walking after their own lust, And saying, Where is the promise of his coming? for since the fathers fell asleep, all things continue as they were from the beginning of the creation. 2 Peter 3:3-4
@@Short_Shots Knowing this first, that there shall come in the last days scoffers, walking after their own lust, And saying, Where is the promise of his coming? for since the fathers fell asleep, all things continue as they were from the beginning of the creation. 2 Peter 3:3-4