this post was submitted on 19 Feb 2024
156 points (100.0% liked)

World News

44508 readers
3461 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

"Argentina registered a year-on-year inflation rate of 254.2 percent in January, the highest in 32 years, according to data released Wednesday by the National Institute of Statistics and Censuses (INDEC)"

Poorness rise to almost 58% while the president is refusing to hike the minimum wage, which is common to rise every 3 months or so even during the right wing liberal regime of Macri, but this guy FUCK NO he just signed a billion dollar subsidy to "Mercado Libre" the eCash monopoly owned by the richest Argentinean Galperin ~5 Billion of declared wealth

you are viewing a single comment's thread
view the rest of the comments
[–] mellowheat@suppo.fi 8 points 1 year ago* (last edited 1 year ago) (2 children)

If we're talking specifically about inflation, stricter monetary policy, currency changes Milei has suggested, lowering the deficit, free market policies (stopping price controls for instance) should fix the situation.

If these things are successfully implemented, it should lead to increased trust in the economy, which in turn will help everyone, poor the most.

[–] dangblingus@lemmy.dbzer0.com 4 points 1 year ago (1 children)

What's to stop corporations from exploiting consumers if there are no price controls? Free Markets don't exist in our current world, especially not in any developed countries. Lowering the deficit? Okay. Sure. Just lower the deficit.

Do you know how to lower inflation? It's to raise interest rates until you force a recession. Increased trust in the economy? How do you know?

[–] mellowheat@suppo.fi 2 points 1 year ago

What’s to stop corporations from exploiting consumers if there are no price controls?

Competition is the main force. Of course things like ownership and other basic rights need to be enforced by the government. There are sometimes cases where the markets are working so badly that price controls might not be the worst option out there. But usually governments use it too easily, and for a known reason. Because it's the populist thing do: it gets them get votes with practically none of the responsibility of the mess they make.

Free Markets don’t exist in our current world, especially not in any developed countries.

This is one the main reasons why they remain on that stage instead of climbing to (or staying in) the 1st world. Because they don't have free markets. Bolstering free markets is what I believe Milei is trying to do.

[–] Neon@lemmy.world 4 points 1 year ago* (last edited 1 year ago) (2 children)

gives an actual answer, gets downvoted anyways

I'm sorry, my Dude

[–] Tja@programming.dev 14 points 1 year ago (1 children)

Actual answer does not automatically mean right answer.

[–] Neon@lemmy.world 4 points 1 year ago (2 children)

It's a Text-Book answer, I don't know what's not right here.

[–] Tja@programming.dev 5 points 1 year ago (1 children)

The question is "what will the current administration do", not "what is the textbook way"...

[–] mellowheat@suppo.fi 5 points 1 year ago* (last edited 1 year ago) (1 children)

I cannot know what the current administration will actually try to do and even less what they will actually achieve, but Milei has certainly talked for all of the policies I've listed.

[–] Tja@programming.dev 2 points 1 year ago (1 children)
[–] mellowheat@suppo.fi 4 points 1 year ago (1 children)

I suppose you claim to know what happens in the future?

[–] dangblingus@lemmy.dbzer0.com 1 points 1 year ago

Exactly. It reads as someone who doesn't understand what they wrote. And it's still not correct.

[–] mellowheat@suppo.fi 4 points 1 year ago

It's all good, I hide those things and Lemmy doesn't have The Algorithm anyway. At least yet.