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    Argentiniens Armutsquote steigt in den ersten sechs Monaten der Schocktherapie von Präsident Milei auf 53 %


    Argentiniens Armutsquote steigt in den ersten sechs Monaten der Schocktherapie von Präsident Milei auf 53 %

    https://apnews.com/article/argentina-poverty-milei-economy-crisis-f766deb9302aa4ddde1bb9ae26aaf7af

    View 28 Comments

    28 Comments

    3. Tiny_Lynx4906 on

      These people already were living in poverty if you take into acount the discrepancy of the official government value versus the actual value of the peso. Milei is not even doing anything radical, he is simply making the government, particularly the central bank hold itself accountable.

    9. CrowHead5906 on

      Canada’s Justin Trudeau was quoted as commenting: “Hold my Cosmo.”

    10. RobotChrist on

      Is not only poverty, according to the same study of the UCA the indigence (not earning enough money to survive) doubled from 2023 to 2024, 1 in every 5 Argentinians can’t survive with the money they earn

      All my strength for our brothers down there

    12. Donkeybreadth on

      I listened to a podcast interview with this guy not long ago. He’s a moron. Thinks everything is a Marxist plot

    13. Luffy-in-my-cup on

      Poverty rate here is measured on income, which is a misleading measure since the massive inflation from reckless government spending devalued those earnings the day after payday. Those living “above” poverty on paper still lived in poverty in terms of quality of life.

      More than half of jobs in Argentina were government jobs before Milei, that is an absurd percentage of the workforce. Not to mention many of those jobs were unproductive patronage jobs that added nothing of value to the economy.

      There has been some pain felt, particularly by corrupt bureaucrats and their cronies who have lost their free money streams, but that is the cost of reform.

      Argentina is undoubtedly on a better path with Milei.

    14. rs725 on

      Guys, I’m beginning to think electing far right guys who’s policies are “give all the money and wealth to the rich” isn’t a good idea.

    15. wildyam on

      There will just be another military coup in a few months and the cycle will repeat

    16. Greedy_Camp_5561 on

      Shockingly, fixing problems that were allowed to fester for decades may involve some hardships. Like the temporary poverty rate increase by 10%.

      Which still seems not too terrible for a “shock therapy”, especially when you take into account that with the rampant inflation under the previous government, many poor people were probably uncounted.

    17. Rostral_Medulla on

      I thought tho that the econ bros loved this fool

      What a joke a field

    18. MarzipanTop4944 on

      He is constantly bragging by calling his budget cuts “[the largest in the history of humankind.](https://www.batimes.com.ar/news/economy/javier-milei-sparks-wild-rally-that-makes-peso-number-one-in-the-world.phtml)”, so there is no surprise about the results.

      There is a reason why “nobody in history” (according to him) has made such large cuts all at once, because it’s a terrible idea.

      Expect his fucking army of paid troll to descend upon this article and down vote every single comment like this and fill the post with responses lying about everything. He’s in the same far-right international network pioneered by Steve Brannon, and using the same techniques with massive number of trolls and disinformation in social media.

    19. TheHopesedge on

      Let him cook, we don’t actually know if it’ll work yet, we’re still seeing the effects of the previous 5 years manifested, once the changes he makes actually start to impact the status quo we’ll see if it improves things or worsens things, very similar to the Labour situation in the UK.

    20. lordlordie1992 on

      Who would have thought the guy who cosplays as a superhero and puts his own family in power would be…IMCOMPETENT?

    21. Savacore on

      This was predicted, and he warned everybody in advance. Whether his policies are beneficial or detrminental in the long run remains to be seen.

      The *math* works out, but the problem with austrian economists like Milei is that their faith in *the math* often hides a lot of variables they forgot to account for.

    22. NotTooShahby on

      Could this be due to previous inflation causing more people to fall under what’s officially listed as poverty? I have to imagine the study accounted for that?

    23. Drak_is_Right on

      Large structural changes almost always cause a ton of damage in the short term as things can’t compensate nearly fast enough. Will it help in the long run? Will see. Things were certainly bad and untenable, but for now Milei made it worse. A milder path corruption free might have been able to eventually break out.

    24. JimTheSaint on

      Doesn’t matter right now – in order to save the economy inflation needs to be under control that meant less government spending ass well as strickt monetary policies. He was voted in by a huge majority and this was always the plan – it hurts the people financially to get inflation under control not in the ind it should be worth it by reastablishing the the economy at a level where the world will be able to invest and Argentinians well be able to borrow money without paying 25% interest rate. 

    25. mechalenchon on

      The guy appointed himself as a chemotherapy incarnate. I’m sure he’s proud of the side effects.

      Going full stop libertarian from a corrupt social protectionist state in such short notice is insane. At least it will make for decades of socio-economic studies, but damn what a trip. Good luck Argentinians.

    26. kihraxz_king on

      Candidate promises to fuck shit up.

      All experts agree it would be terrible and would in fact truly fucks shit up.

      Populace thinks this sounds great and elects him.

      Proceeds to fuck shit up exactly as predicted.

      My god people are fucking stupid.

    27. Mission-Desk1907 on

      What a surprise. Didn’t see that coming. It’s like a magnet… They throw and same people always get hit…

    28. espresso_martini__ on

      I wonder what the crime rate is now when you have 53% not being able to live off the money they make.

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