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> The remarkable aspect in Argentina is that the person in charge is not afraid of bearing the political consequences associated with austerity There’s always
by afavour 3y ago
> The remarkable aspect in Argentina is that the person in charge is not afraid of bearing the political consequences associated with austerity
There’s always a trade off. Prioritising the reduction of inflation may make a lot of sense but there will be side effects and now you manage that is key.
Maybe I’m just cynical after watching my home country, the UK, fall victim to “austerity”. It feels like another name for the long-term enshittification of an entire country and becomes a goal unto itself.
- ZeroGravitas 3y agoThere's research that shows that the areas most hit by austerity voted strongly for Hitler and Brexit, so the political consequences of austerity generally seem to fall on people other than the ones imposing it anyway.