3 ms·
It’s not that what you’ve written here is incorrect, but that this doesn’t say anything about what the remedy should be. Simply letting the economy crash isn’t
by wbsss4412 5y ago
It’s not that what you’ve written here is incorrect, but that this doesn’t say anything about what the remedy should be.
Simply letting the economy crash isn’t a good solution as it doesn’t address the fundamental reforms that are needed and doesn’t get you any closer to solving the structural issues. All it does is create unnecessary pain for people.
Again, if an entire society is engaging in rampant tax evasion, that is going to need to be addressed in order to turn things around.
- Izikiel43 5y agoThe remedy are 10 years of austerity measures and free market reforms in order to start seeing the light at the end of the tunnel. This is also known as a political suicide.
- ephbit 5y agoThose fundamental reforms - which aren't only necessary in Argentina but basically in every major country, apart from maybe China - would be to: Reverse the ever more effective mechanisms big corporations have come up with in almost every jurisdiction to siphon an ever increasing proportion of all revenues from the total of economic activity and bypass taxation, making only maybe the richest ten percent (who are the shareholders) richer. Governments can borrow as much money as they want and central banks can allow banks to create as much money as they want to feed it into the economy to try in a futile way to keep the engine going .. as long as this trickling up of revenue is happening to the extent it is right now, the whole economic/monetary/social system is instable and heading towards either collapse or drastic political reform. Unfortunately apart from some minor patches (plans to actually tax big players in the EU) I don't see much evidence for elected politicians trying to improve the situation.