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> Argentina’s poverty levels hit 57% of population, a 20-year high in January, study finds https://apnews.com/article/argentina-poverty-levels-uca-study-milei-

> Argentina’s poverty levels hit 57% of population, a 20-year high in January, study finds https://apnews.com/article/argentina-poverty-levels-uca-study-milei-devaluation-d5cb0a20b1e768efdeafbad5bf05eded https://apnews.com/article/argentina-poverty-levels-uca-stud... > Winter deepens misery for Argentina's poor following Milei's financial cuts https://www.reuters.com/world/americas/winter-deepens-misery-argentinas-poor-following-mileis-financial-cuts-2024-06-05/ https://www.reuters.com/world/americas/winter-deepens-misery... Yeah, real "great". As long as you don't care about your fellow humans.

dilyevsky 2y ago
57% sounds really bad until you read the article and see that it never went below 40 over last 5 years and last quarter is already back at 49% . Also this gem > "Since this government came to power, jobs have dropped away. We work twice as hard for less and we have to keep going," said Casal, who has 14 children and 42 grandchildren
- Daishiman 2y ago
  Nobody cares about baity articles. There has been an absolute massive drop in standard of living and the government continues to artificially intervene in the exchange market. Real cost of living has gone up by 1/3 for the middle class at the least. Nobody who lives here will tell you anything has gotten better in this time. I have never in my entire life seen a team of complete dimwits at the helm of this country, regardless of ideology.
  - maxglute 2y ago
    Yeah, when a meme economy (i.e. Advanced/Developing/Japan/Argentina) going through huge change, sometimes number stop being useful. Sometimes you just need to see what it's like on the ground, i.e. selling morsels of prepackaged food. People can argue correction neccessary, but this level? https://www.tiktok.com/@metatktk/video/7411728372771900677 https://www.tiktok.com/@metatktk/video/7411728372771900677
    - Daishiman 2y ago
      I literally live here. The drop in quality of public services is throughly unjustified. A madman who believes firefighting services should be privatized and who has not shown the least concern about the fact that these policies are measurably increasing food insecurity among children has no place governing.
  - jokethrowaway 2y ago
    (Anectodal) Rent around here in europe literally doubled. Groceries shopping are way higher too. That's the consequence of globally printing our problems away and waging random wars. The drop in standards was to be expected given the terrible situation Argentina was. Hopefully it gets better in a few years. My fear was that Milei would turn out to be another puppet giving hope to people and not doing anything, but it seems he's been doing some proper haircuts, which were long overdue. Argentina was one of the wealthies countries in the world before decades of drifting into socialism.
    - Daishiman 2y ago
      > Argentina was one of the wealthies countries in the world before decades of drifting into socialism. These sort of ridiculous, ignorant statements that have neither a clue of what Argentina used to be like, what it was in recent times, and what socialism actually means are the reason why Milei can lure gullible morons.
legitster 2y ago
Their government was deeply unsustainable. There was no way they were going to be able to support that quality of living in the long term without defaulting on their debts or eroding away welfare through inflation. They are choosing to rip of the bandaid all at once. And yeah it's going to suck for a while as their economy reorganizes itself. Milei's plans are incredibly ambitious, and I don't know the chances that it will actually be pulled off, but I wish the country luck.
- 6510 2y ago
  It is of course important to give people no time to reorganize, it will put enough stress on people to render them useless. You wont magically create jobs for everyone - all of a sudden. The logical outcome is poverty and no one to help you while you seek work as they are scrambling themselves. The end product is a person you wouldn't want to employ. It's going to suck for much longer than it should have. He might have destroyed the potential for reorganization. I really wanted to see the experiment work out but the data is ruined now.

dilyevsky 2y ago

57% sounds really bad until you read the article and see that it never went below 40 over last 5 years and last quarter is already back at 49% . Also this gem > "Since this government came to power, jobs have dropped away. We work twice as hard for less and we have to keep going," said Casal, who has 14 children and 42 grandchildren

Daishiman 2y ago
Nobody cares about baity articles. There has been an absolute massive drop in standard of living and the government continues to artificially intervene in the exchange market. Real cost of living has gone up by 1/3 for the middle class at the least. Nobody who lives here will tell you anything has gotten better in this time. I have never in my entire life seen a team of complete dimwits at the helm of this country, regardless of ideology.
- maxglute 2y ago
  Yeah, when a meme economy (i.e. Advanced/Developing/Japan/Argentina) going through huge change, sometimes number stop being useful. Sometimes you just need to see what it's like on the ground, i.e. selling morsels of prepackaged food. People can argue correction neccessary, but this level? https://www.tiktok.com/@metatktk/video/7411728372771900677 https://www.tiktok.com/@metatktk/video/7411728372771900677
  - Daishiman 2y ago
    I literally live here. The drop in quality of public services is throughly unjustified. A madman who believes firefighting services should be privatized and who has not shown the least concern about the fact that these policies are measurably increasing food insecurity among children has no place governing.
- jokethrowaway 2y ago
  (Anectodal) Rent around here in europe literally doubled. Groceries shopping are way higher too. That's the consequence of globally printing our problems away and waging random wars. The drop in standards was to be expected given the terrible situation Argentina was. Hopefully it gets better in a few years. My fear was that Milei would turn out to be another puppet giving hope to people and not doing anything, but it seems he's been doing some proper haircuts, which were long overdue. Argentina was one of the wealthies countries in the world before decades of drifting into socialism.
  - Daishiman 2y ago
    > Argentina was one of the wealthies countries in the world before decades of drifting into socialism. These sort of ridiculous, ignorant statements that have neither a clue of what Argentina used to be like, what it was in recent times, and what socialism actually means are the reason why Milei can lure gullible morons.

legitster 2y ago

Their government was deeply unsustainable. There was no way they were going to be able to support that quality of living in the long term without defaulting on their debts or eroding away welfare through inflation. They are choosing to rip of the bandaid all at once. And yeah it's going to suck for a while as their economy reorganizes itself. Milei's plans are incredibly ambitious, and I don't know the chances that it will actually be pulled off, but I wish the country luck.

6510 2y ago
It is of course important to give people no time to reorganize, it will put enough stress on people to render them useless. You wont magically create jobs for everyone - all of a sudden. The logical outcome is poverty and no one to help you while you seek work as they are scrambling themselves. The end product is a person you wouldn't want to employ. It's going to suck for much longer than it should have. He might have destroyed the potential for reorganization. I really wanted to see the experiment work out but the data is ruined now.