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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 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.