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The poverty rate above 50% of the population is something that happens when a country goes over several corrupt governments that steal everything the people hav

The poverty rate above 50% of the population is something that happens when a country goes over several corrupt governments that steal everything the people have and put it in the hands of a handful of people that are always prepared to flee. All those people failing to notice Argentina was poor before Milei got the presidency either have no idea what they are talking about or are malicious. Now, yes, about worsening public services; Milei did the basic thing so the country can actually do something, the real test for his government is how he fixes those problems. (From the shit he talks, I would be in he not fixing anything, but if he actually acted like he talks he wouldn't have got inflation under control and would probably be already out of the presidency by now.)

tptacek 2y ago
When you note the increase in a statistic like poverty, you are implicitly taking into account the status of the country under its previous governance. That's how statistics work.
- cryptonector 2y ago
  It was already baked into the cake because the previous administration spent something like 13% of GDP in its last year in order to win the election that they went on to lose. 13% of GDP's worth of malinvestment will increase poverty in due time, and that time was Milei's first year in government. In 2001 the Peronists left the next non-Peronist government a ticking time bomb, the next government (De La Rúa's)completely fumbled and had to end early, returning power to the Peronists. In 2023-2024 the Peronist plan was to repeat that experience. Unlike De La Rúa though, Milei seems to know what he's doing and so has been able to head off the putsch. It would be hard to push Milei out of power when his popularity right now is higher than his election winning percentage. Also do keep in mind that in 2012 the Peronist government "intervened" the government's statistics department, and since then government stats were somewhere between unreliable and total fiction. Presumably that has changed now. Thus the poverty level before the election could have been understated, just as the inflation numbers then were.
  - gus_massa 2y ago
    Since the end of 2015 with Macri and then with A. Fernandez the statistic department is normalized and the numbers were quite good. (It's too optimistic to claim 100% accurate, but I don't remember mayor problems since 2015.)
- marcosdumay 2y ago
  Economical statistics don't work under fast inflation. But if you believed a country bordering hyperinflation had less than 50% of the population in poverty, I have a bridge to sell you.
AtlasBarfed 2y ago
Which makes it the entire "yay libertarian" tone completely stupid. It doesn't matter what the policy politics are. What's necessary is a non corrupt government. The hyperinflation is invariably because of corruption, because when the corrupt steal everything and print money to keep the lights on temporarily. Multifaceted shock changes like this smell of just another corruption shift. Deregulation is best accomplished by gradual reductions so all economic players have time to adapt. A shock shift probably means some insider is poised to cash in. True libertarianism is insanity. Prohibition on murder and violence is a regulation. Use of currency is a regulation. The most libertarian unregulated market is illegal drugs, where mass murder and violence is used for business purposes. Best of luck to Argentina.
- marcosdumay 2y ago
  Notice that his government hasn't been libertarian.
  - NooneAtAll3 2y ago
    and the poverty wasn't high
  - thrance 2y ago
    "No true libertarian". Milei self-describes as an "anarcho-captitalist", and cosplays as "captain ancap", a hero of his creation. This is as close to libertarianism as we'll ever get. Libertarianism is an insane ideology for insane people, it thankfully can't be applied in reality.
    - marcosdumay 2y ago
      "if he actually acted like he talks he wouldn't have got inflation under control and would probably be already out of the presidency by now" Looks like today is the perfect day to keep repeating the things I've wrote.

tptacek 2y ago

When you note the increase in a statistic like poverty, you are implicitly taking into account the status of the country under its previous governance. That's how statistics work.

cryptonector 2y ago
It was already baked into the cake because the previous administration spent something like 13% of GDP in its last year in order to win the election that they went on to lose. 13% of GDP's worth of malinvestment will increase poverty in due time, and that time was Milei's first year in government. In 2001 the Peronists left the next non-Peronist government a ticking time bomb, the next government (De La Rúa's)completely fumbled and had to end early, returning power to the Peronists. In 2023-2024 the Peronist plan was to repeat that experience. Unlike De La Rúa though, Milei seems to know what he's doing and so has been able to head off the putsch. It would be hard to push Milei out of power when his popularity right now is higher than his election winning percentage. Also do keep in mind that in 2012 the Peronist government "intervened" the government's statistics department, and since then government stats were somewhere between unreliable and total fiction. Presumably that has changed now. Thus the poverty level before the election could have been understated, just as the inflation numbers then were.
- gus_massa 2y ago
  Since the end of 2015 with Macri and then with A. Fernandez the statistic department is normalized and the numbers were quite good. (It's too optimistic to claim 100% accurate, but I don't remember mayor problems since 2015.)
marcosdumay 2y ago
Economical statistics don't work under fast inflation. But if you believed a country bordering hyperinflation had less than 50% of the population in poverty, I have a bridge to sell you.

AtlasBarfed 2y ago

Which makes it the entire "yay libertarian" tone completely stupid. It doesn't matter what the policy politics are. What's necessary is a non corrupt government. The hyperinflation is invariably because of corruption, because when the corrupt steal everything and print money to keep the lights on temporarily. Multifaceted shock changes like this smell of just another corruption shift. Deregulation is best accomplished by gradual reductions so all economic players have time to adapt. A shock shift probably means some insider is poised to cash in. True libertarianism is insanity. Prohibition on murder and violence is a regulation. Use of currency is a regulation. The most libertarian unregulated market is illegal drugs, where mass murder and violence is used for business purposes. Best of luck to Argentina.

marcosdumay 2y ago
Notice that his government hasn't been libertarian.
- NooneAtAll3 2y ago
  and the poverty wasn't high
- thrance 2y ago
  "No true libertarian". Milei self-describes as an "anarcho-captitalist", and cosplays as "captain ancap", a hero of his creation. This is as close to libertarianism as we'll ever get. Libertarianism is an insane ideology for insane people, it thankfully can't be applied in reality.
  - marcosdumay 2y ago
    "if he actually acted like he talks he wouldn't have got inflation under control and would probably be already out of the presidency by now" Looks like today is the perfect day to keep repeating the things I've wrote.