Is Milei delivering in Argentina? Expectation vs Reality
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- čas přidán 16. 03. 2024
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Since its arrival to power, Milei's Casa Rosada has had a frenetic activity of announcements, reforms and cuts. Now, what is the balance of the start of this government? What goals dominate the agenda of the Casa Rosada for 2024? Are Argentines seeing the light at the end of the tunnel? In this new VisualPolitik video we tell you all the details.
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#Argentina #Milei #America
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You got the month wrongly translated to May, when it should be March.
I am following Milei's policies. This is very interesting!!! keep on working guys, I am watching and liking this!
I can't answer your final questions until we see the results.
It is worrying that Argentina will go from being anti-business to extreme capitalism (an economy that only works for large corporations). We need balance, not more extremes.
- Plan to improve education = Nothing
- Plan to improve health = Nothing
- Plan to improve security = Bullrich chatting with Bukele (Nothing)
- Plan to help SMEs = Nothing
- Tax reform to simplify and alleviate = Nothing (they only raised taxes) Argentine SMEs pay 50% taxes, while mining corporations take gold, lithium and rare earths and do not pay more than 1.5% (in Chile they pay 30% of taxes)
- Serious labor reform = Nothing. A decree that reforms 1000 areas of the state. Areas that cannot be changed by decree, without any consensus, or strategic vision that allows lasting and sustainable change over time.
- Remove environmental regulations (Glacier Law, Forest Law and Fire Law) + Remove the land law (Now you can buy land without any limit knowing that the large international investment funds have more money than almost all countries) + Ideas like “ Taxes are theft” + Ideas like “if a company wants to pollute, there is no problem” = Everything is set up so that large capitals exploit Argentina's wealth while they pollute and do not ask for a single dollar in return, to finance health, education or infrastructure.
- The cost of living has multiplied by three and purchasing power has fallen
- To hide the current economic disaster, the president insults and fights with all dissident voices along with an army of trolls to divert attention.
- The only real thing about everything Milei says is that politicians are a caste. But the current president is now the caste that works for the most powerful caste of all, concentrated financial capital.
Puedes dejar de borrar mis mensajes? Gracias.
Every obese person knows they need to diet. But nobody wants to quit eating the cheezies.
Easily and well explained
That’s it
Hey, those are delicious 😂
The analogy holds if the person eating the cheazies gets them by theft and murder, which is what the state is.
The problem isn't the hedonism, it is how it is fed.
You leave the cheezies out of this!
Its easy to lose weight. Go somewhere where food doesn't exist.
If you haven't had a trip to Argentina, affected by a taxi, train, or airline strike, did you really visit Argentina?
And what else is new in the recent history of Argentina? Strikes have been part of the political mismanagement of the country for well over 100 years. The special interests don't get what they want, and then they shut down Buenos Aires -- or the entire country. They think they can do it to Millei. I hope he resists. After 100 years of mismanagement that brought Argentina down from one of the richest countries on the planet to just another underdeveloped Latin American basket case, it's time to return Argentina to prosperity.
1½ months here and the only "problem" was when getting home back one night from rugby a road was closed with a peaceful protest because streetlights were still off after the big rains. That's it, and I use a lot of transport
@@Bolognabeef My wife and I went back in 2018. Our flight back home at the end of our trip was postponed a day due to strikes. I'm not familiar with the problems the strike was addressing, but I was glad it gave us another day to hang out in Buenos Aires.
bruhh @@sraught
@@Bolognabeef Millei opponents are looking for ANYTHING to complain about -- and they are complaining about things that would have happened no matter who had won the election.
Please keep the argentina videos coming
Make ARGENTINA Great Again 😎 Milei
@@Booz2010
Ugh, I hope he is not a fraud like trump.
@@Booz2010
Hope he ain't fraud like trump.
@@jeckjeck3119 He's much likely worse
AGREEE!
Fixing a problem decades in the making was always going to be painful. If the Argentinians can withstand the pressure, maybe they can dig themselves out of this hole
Xd
Imagine how bad it will be in the USA when the politicians run out of everyone's money. 2027 during Newsom's administration?
Americans (really American politicians) should take note and be willing to do the same before our own economy fails.
If…
@@michaelsutton1461 nah, firing government employees and other government programs sending people to unemployment isn’t helping the economy. It’s making things worse due to the lack of employment from the private sector. He runs this country based on conspiracy theories 😆
Much hardship awaits the nation. Whatever the plan and actions, many decades of corruption and mismanagement won't be corrected soon
Thank you
That is true. We will see if Milei's Casa Rosada will become more like a Malaise Casa Rosada or not.
If he is like Bolsonaro or Trump, the swamp will be watered and spread like Corona in a Petri-Dish.
Rights-wingers can't fix economy, they can only kill the middle class.
Unless the argentina Parliament pass a bills to seriously deal with corruption and be serious enforcing it.
Milei based his entire presidential campaign on a premise that turned out to be a big lie: "Caste will pay for the adjustment." Milei doesn't even know the meaning of the word "caste" which implies a question of lineage. He is attacking an Elite / Political Class / State whatever you want to call it . His objective is not to help the citizens but to transfer power to a non-Ruling Elite / Non-political Class / Private Sector (Elite theory of Gaetano Mosca / Wilfredo Pareto) The private sector (companies associated with Atlas Network and its Think Tanks; businessmen such as Carlos Slim, Daniel Funes de Rioja, Galperin and many more) are are trying to use the DNU (emergency decree ) as a Trojan horse to implement measures that do not benefit citizens but rather these groups. The correct path for any politician is not a transfer of power from one sector to another, but a transfer of power to its citizens. For this, the best option is the Participatory Economy (Albert & Hahnel) but no politician seeks that solution because both the state and private power feed on citizens; If people were allowed to make decisions about the economy, they would lose power. The reason why the measures will never favor the common man is clear... Neoliberalism, libertarianism and anarcho-capitalism are decrepit ideologies related to social Darwinism and meritocracy.
Milei beeing greeted on a plane by almost all passengers was the most wholesome thing in politics I've seen for a while
Let's see how long it lasts.
Let's see the same on a subway, bus or train.
@@thomasridley8675 his popularity is steadly going down; recent polls show a decrease in his approval rating to between 35% and 39%. This is lower than the 55% which propelled him into government in a second electoral round last November. These numbers indicate a downward trend in his popularity.
@@WillEede
Well that didn't take very long. Tipping over the game board may not be very popular.
He NEVER said that it would be easy. After 100 years of economic and political mismanagement, he has a very difficult task before him. Argentines better hope and pray that he succeeds. And they'd better give him the time and opportunity to succeed.
As a Brazilian I'm loving! If he succeeds all region will benefit. And he fails we will have a new joke.
he is a failure..watch
As a Brazilian I hope our hermanos do well, as much as they’re our rivals I have deep sympathy for Argentina as our neighbours. Also, it may give us some hope for our own future
The consensus when talking about Milei's victory with my friends here in Chile was that, whatever happens (because we have no idea what's going to happen), it'll be fun to watch.
Let us know if you still that happy when have to share your currency with them. I bet you are not gonna like it bro
@@seanou2837Then enjoy the oncoming Comedy 🎭
The reason why the Ley de Bases failed in congress is because every article touched someone's money pot. They were unwilling to vote something that would go against their monetary interests. No congressman would vote for something that hurts their or their friend's company.
The biggest example is the "fondos fiduciarios", where very large amounts of money are placed for vaguely defined goals, and someone is given full control over it. Unsurprisingly a lot of money disappeared here, as this structure is taylor-made for corruption.
Fortunately, not even a decree was necessary to cut the "fondos fiducidarios"!
Every article touched peoples pocket. It is designed to funnel state power to corporations.
@@WillEede nope, it is against both. Corporations are too corporate here in Argentina.
@@LautaroTessi So why is he trying to sell Arsat to Carlos Slim for 9 million dollars ? why is he trying to sell to his Atlas Network friends Aerolineas Arg. ,Banco Nacion, Telam, Aysa, Nucleoelectrica and the rail system?
@@LautaroTessi He is a sell out to the people who financed his campaign...
Today Argentinas inflation report came at 13.2 compared to 25 percent of last month
Argentina inflation rate is at 276%
@@levelzanimations
That's the accumulated annualized inflation.
He's talking about monthly inflation. There's been a deceleration of the inflation in this month.
Last month the inflation was at 25% and this month decrease to 13%.
@@12gasl
yeah I know but the inflation rate that truly matters is the annual inflation rate
@@WillEede shocking, right ? - a right wing capitalist neo liberal channel support a raging right wing capitalist neo liberal politician.
@@WillEede
It doesn't just "fluctuate" if u look at the evolution of inflation before the current goverment it was mostly ascending monthly and it was on it's way to an hyper inflation. With the exception of the last months of the last goverment which was a bit more "controlled" bc they took debt to artifially mantain the inflation low to win the presidential elections ... Which btw it wasn't sustainable in time and is part of the reason the situation got THAT bad. Like no matter who would've won the elections, The next goverment would've still have to deal with a crisis regardless.
But besides that, Argentina was on it's way to a hyper inflation and the current goverment have been able to stop it and actually reduce the monthly inflation rate. At least for now. We'll see what happens.
Good luck to Argentina from Ireland 🇮🇪
❤
Milei always takes as example the economic growth of Ireland to show how important is the economic freedom for a country.
@@angellestat2730and yet his policies are nothing like Ireland
@@codeguy1 why not? Ireland is the third country with the higher economic freedom of the world.
If it would be for him, he would try to place Argentina in the number 1, but it would require a lot of years and a huge support from the people.
Right now he already sent thousandths of laws to try to move Argentina from number 144 to 50, but the congress denied all his efforts because his political party is still small, in the next election he will be able to change that. His support despite the huge adjust, is still growing.
We Argentineans love the Irish people.
You missed some details about the money withheld from Chubut. They put that money as a guarantee if they couldn't pay the interest of their debt they contracted with the nation. At the same time, the government sent multiple communications before withholding the money to renegotiate the debt, but chubut never answered. At the same time, the idea that a governor can withhold the oil and gas that private companies produced thanks to contracts with the province is a huge problem because it goes against their right to private property. When you have all this, to me, it seemed like a tantrum a young, inexperienced governor threw to rally support or try to paint the president as a tyrant.
Thx - I was feeling this was a bit harsh so I appreciate the clarification.
Why can't Chubut just accept reality and get with the plan? Argentina needs freedom
Agreed. New Zealand was going down a path that had similarities to Argentina in the 70s and 80s (although not nearly as far gone). We also elected a tough love government. Things were rough but after 3 years, we could see progress and they were re-elected with an increased majority.
@@dancoffey4293 the NZ of today has so much to thank that generation of heros. There should be statues of them, NZ would be much worse if it wasn't for their reforms. But sadly nobody knows or cares about them and just take modern prosperity for granted.
You are speaking as if the interventions known in NZ as Rogernomics were widely successful but severe issues from that time have never been resolved.
Milei is what happens when someone finally decides to not kick the can down the road. A currection in economics is not fun but it needs to happen if you want to actually fix the problem.
The fact he actually got into office give me hope it can happen elsewhere.
Hopefully not. There are not much brains in just stop paying the bills, he actually kick them forward to the next months. The same snowball. He has no place where to get fresh cash, he is just drying people's savings in cash.
xd
I have low expectations, but I hope to God that Brazil will eventually follow suit.
He is making a bigger can😂😂😂
Milei is the stooge of neoliberal capitalist class globally. He acts tough and radical but he's following commands from the consultants and advisors of the consulting companies and 'think tanks' of the neoliberal masters. He's is effectively setting fire in all the metaphorical cans in the country and letting them roll and spread wherever they collide.
During his “state of the union” address, he pulled a Gru from minions and said in terms of money we have no money. I was shocked to hear a politician tell the truth. I knew right then and there that this country was headed for clear skies in the future.
Ugh...................Is Milei delivering? ... Seems like a silly question to ask a few months in. It's like a person is a person lost his job and is neck deep in debt... and 3 days later you ask him if he's already back on his feet. 20 YEARS of debt and inflation erosion of middle class is not a 3 months fix. In fact the SAD TRUTH when it comes to debt-related issues is that it gets worse before it gets better. It's like rehab for alcohol addiction... you're not going to feel great!!! Worse thing you can do is go back to booze because it's uncomfortable at first.
Agreed.
Now the question is milei giving a detox treatment to a drug abuser or is he administering chemotherapy? Is he going to create more harm than good? That's what's everyone asking.
@@GraniteInTheFace Most countries are undergoing a boiling frog experiment of inflation; eroding middle class slow enough so people don't revolt or complain TOO much. But Argentina went overboard with too much inflation, past certain tipping point the process becomes exponential.
Whether inflation "boils" you slowly or fast, the end result is disaster (i.e. Venezuela). If you do it slowly it'll just take longer to get there. Deficit based economy is simply not sustainable.
@@dogzer no point in us discussing who is right or wrong. Only can wait and see if it's medicine or poison.
@@GraniteInTheFaceChecking up all the macroeconomic data so far it shows that it's working but we won't really see until june-september
@@marcelomarcelo514 not only macroeconomic but I'm looking at social data as well. Milei just deleted public food aid off the budget. Whatever we believe, I feel like we can all agree that soup kitchens are one of the things you should keep open. But yeah September. Medicine or poison. 🇦🇷
He said it would take YEARS. Expecting results in weeks is foolish.
Exactly. Cleaning up the house of a hoarder isn't done in a day. That takes time.
And a drug addict isn't cured of his addiction in a week. It takes time to go through withdrawal and building up good habits.
I disagree. The government has already had budget surpluses. The currency has been devalued. The results are already showing. THe results showed in the USA in 1776. the results showed in the Usa in 1980's when Reagan cut tax rates, and tax income to the government increased because more people were reinvesting their money. Google the laffer curve. Trump saw the exact same thing. He cut business taxes almost in half, and the government had to pass another continuing resolution or they would have too much money on hand. The results have already been seen.
Chile did this in the 1980s as well. the chicago boys went to chile and fixed it. Today chile is one of the richest latin american countries because milton fcking friedman flew there, and told them to cut the budget and devalue the currency.
@@davidanalyst671hahahaha. Chile was dramatically poor and economic was teared in pieces after Pinochet. More of that it was just a facsist state. What are you talking about summer child?
Yes we know it how dictators work
They always need years. So they can provide their oligarch friends as much time to steal much as they can
Times in Argentina are tough af now and will be the next few years, but there is no alternative.
Argentina has to keep cutting expenses and save money to become credit worthy and to attract foreign investors to make business in argentina and in consequence to create jobs.
Only then, the country has a chance to rise again and to become as great again as it was decades ago.
But the problem man is that he's getting there by presidential decrees, no investors will be confident in putting their money there. Just like in El Salvador, that thought violence was the reason investors didnt come. Well it turns to be the lack of juridical security, due to the excesive decrees.
@@Arbizi Nice try. El Salvador is growing 10% per year, that's enough to double it's economy every 7.5 years. There are talks among investment groups of turning the country into a resort hotspot. Argentina has everything you need to develop the economy, energy, space, water, travel routes. It just needed a government that wasn't completely useless.
@@ObeyNoLiesthis goverment is more useless than the previous ones... the president is only tweeting, starting fights with people all around and trying to push their ideas without talking with others in the Congress...
@@Arbizi You should have stopped after the first sentence.. by the time you finished the 2nd, you lost all credibility.
The problem is that you still have a capitalist owner class that brutally exploits the country. "open market" wont change this behaviour.
The question is how you can create an atmosphere WITHING the owner class to be responsible towards the whole population or at least the community that you are part of (as business and with your regional owned assets).
I doubt that a shift in exploiting the people really is a solution. They want to reduce the state a lot and cut all public spendings ALSO for the owner class. And give the owner class so much possibilities to exploit normal people that they are still f***ed.
It will be interesting what happens if the population doesnt want that and still demands unions and strikes. This should be the moment when police will put normal people into jail for doing working class fight.
But maybe they put their population until then so under pressure that they just follow the exploitation.
And if this is then in many numbers a "success" (GDP rising, etc) ... this will be interesting how many countries react to this. I can imagine that the neoliberal agenda will go even more crazy than it did the last decades.
And then... we will see a firther rising of fascist leaders. Cause they know when the time is right to exploit the population again in a different way.
Basically, the president of Argentina is like a physical therapist: sure, you know you need this guy and you need to do what he says to get back on your feet, but DAMN what he's putting you through is PAINFUL, and in the heat of the pain the fact that it's necessary is little consolation
Slava ARGENTINA 🦾
I am a physical therapist and I approve of this message. 😊
Its more like a chaman, after you tried with traditional medicine and not getting any better. So the chaman tell you to stop eating to the point of starvation, and see if then you can star all over.
The medicine will kill you before the disease
@@Arbizino des ejemplo de tu hambrexico que pasa hambre si no trabajas no comes
Government cuts opposed by governments
Make ARGENTINA Rich Again 😎 Milei
@@Booz2010By making the rich people even more rich and making sure the poor just die off?
@@SuperMat0001
IMF itself is pro these reforms:/
Argentina needs this.
@@jeckjeck3119 Actually IMF said he's been too hard in the budget cut. that is wierd man.
@@Arbizi
Yeah, but in general they are pro his reforms. It would be a lot less painful for people if congress approved his reforms, if they don't work, they can always be reversed.
I had calls from friends in Argentina who love him and want him to continue and yet they asked me to help them leave the country as they can’t manage
I'm from Brazil and more than half of Argentina's population lives in the poor, immigration of Argentines to my country has exploded, there are cities on the border between Argentina and Brazil that are turning into ghost towns, it's the craziest thing I've ever seen in my life.
@@victordias1840 well I live in uk and Brazilians always like our cousins. In fact no Argentine man can say he is a man unless he had a Brazilian girlfriend at least once!
@@cmsacademy1673 bro what u talking I didnt see a brazilian in my whole life
@@victordias1840 suddenly, Argentina became poor since Milei... what a joke! a bad one.
Have you ever seen the amount of people that came to Argentina because the exchange rate let them live like kings while argentinians was already poor? now they are coming back to home... rats always leave the ship at first.
the situation is very difficult, but is not Milei's fault, the "kirchnerismo" did a huge damage to our country and i'm not talking just about the economy
strong medicine always hurts, the longer you put it off the more severe the treatment. argentina is getting a cruel wake up call. it was going to happen better now than later
I agree to the first part. About the part that "it was going to happen better now than later", well... We spent THREE generations going downwards, so there was really no hope for the satatus quo to change. This came to a surprise even for the ones who follow Milei...
xd
@@LautaroTessi nah, he said he'd do this as part of his campaign so literally everyone (including other parties) know he wanted to do this lol
@@unreal_idk. almost nobody believed he would or could do everything he promised. Almost no one in politics is contributing (in fact, they are doing everything they can to take him down), but his gov’t is carrying the plan anyways.
We are living hard times, which he also said it would happen, yet his popularity haven’t declined, cause he is -for once in our lifetimes - doing what he promised he would do!
@@LautaroTessi yeah
Watching Argentina and Milei is absolutely fascinating. I know you will, but I ask anyway: keep them coming!
It's an interesting trash fire
I would like to work with the Argentinian government and invest there. What's happening in Argentinia right now might be great for the government and the people. At the beginning, a bit painful, though.
Many are now looking to invest in Argentina… it’s refreshing to see a leader who loves his nation … in comparison to the rotten previous ones on the left who only ever loved themselves
it is like watching the Titanic sink
@@WillEede To the contrary, it's like watching a miraculous recovery and re-floating of the Titanic.
Milei's policies are no more drastic than that of the Peronist's, who's policies have directly led to Argentina's problems of the last few decades. Argentina is on a painful path to fiscal sobriety.
Bolsonaro was terrible for the economy and so was Trump. Right wingers, and Milei is one can't fix it for the people. But sure rich people will get richer.
No, it isnt. Politicians are still hiring relatives and friends, spending money on their friends of La Nación, and other things like that.
but does he action the same policies as peronists? no, so... what is your point?
"Fiscal sobriety" at the expense of mass starvation isn't going to go over well. Turns out that people don't give a shit whether the government has solved its debt problems if they can't feed their own family.
@@RedXlV Yes it will be painful....a harsh reality.....It is what it is....have you ever declared bankruptcy?
These union are bureaucrats. It is funny when they are called labor unions. No labor involved in those jobs
This man is argentinas last hope
Lol. Never put your faith in someone who sold out to the Js.
the Js are under my bed right now I can't look or they'll get me!
Nah. People who are the Last Hope come along every few years regular, usually to kick around the mess that last Last Hope made of the mess that the last last Last Hope left before he retired to Florida.
@@0HOON0 lol which is every politician in every country representing every side. you make it sound like theres a choice.
This brute will destroy Argentina
He stopped the endless deficit spending within 100 days. The people of Argentina need to trust the process hopefully this expands to other nations aswell
You, and a lot of people, do not understand what is deficit and surplus in macroeconomic terms.
@@felyduw He does. You don't. He also dropped inflation from 160% when he took over, to 15%. In 3 months. Milei is God Emperor. We love him. He is the man that will save Argentina from socialism. Glory to him, to Trump, to Bolsonaro, and all the other right-wingers who fight for a better, non-leftist world.
@@felyduw may you elaborate on that?
Yes and? In some time you will see these sectors collapse and you will have to spend even MORE. This will backfire badly
we Argentines are willing to follow Javier even with the hard time we are experiencing..with prices going up every week
"You don't help an addict by giving them more drugs. You cut them off and let them go through withdrawal.
Stop bailing out the malinvestment and let the market correct itself." - Ron Paul.
Let the market correct itself... leaving the population without food and services lol
Sometimes dogma doesn’t work for economic policy. Such systems are not simple enough.
Also. WTF is that view of withdrawal 😂?! I get not everyone is a doctor, but you gotta be sheltered to not understand how withdrawal works and think it’s just a bad time you gotta get past through and you should just sharply quit.
@@yucol5661Libertarians have a knack for oversimplifying economics.
@@Maelstromme Marxists and Keynesians have a megalomaniacal knack for believing that they have the power to run a "planned economy". Just look at present day Argentina. (or USA) There is no such thing as a free lunch. Eventually, you have to pay -- in one way or another.
@@MaelstrommeBecause leftists don't?
the economic shock of switching from a big government high tax system to a small government low tax system is always gonna be harsh in the transition before business and investment starts coming in.
But in this case, taxes are going up and wages down, and the gobernment size is just the same. He just stop paying the bills. Its no magic there.
@@Arbizi if he will not rise spending, then inflation will shrink the government size as a % of economy
@@Arbizi That's not true. Taxes are not going up in real terms (not backed emition is a tax) and the size of the public plant it's been cut by the day.
@@Arbizi blame the congress, he cannot reign like an emperor
@@Arbizi it's not the same size but okay, whatever you say
When they introduced harsh economic reforms in Poland in 1989/1990 after communism collapse, it took until 1992 to make economy stabilise and grow again and until early 2000 to actually people feel it.
Poland have had plenty of state subsidy though. They’re the main beneficiary of the EU’s eastward push.
We should alll hope for prosperity for everyone. China, Argentina, Africa, Latin America etc. No one wants millions of people having no other options but to leave their home to survive. Let's keep that in mind as the world moves forward.
Something good that is happening with Milei's refelctors, is that for the first time I see people starting to understand what is like to live in a country with high inflation. I never imagined myself thinking about economics before living in Argentina. Beleave me, yo do a masters degree just of pure experience.
Viva La Libertad, Carajo !!
Libertarianism is a disease
Slava ARGENTINA 🦾
@@Booz2010 🇦🇷🇦🇷🇦🇷
VIVA LA LIBERTAD CARAJO!
As a longtime Libertarian and former legislator I have longed to see the principle of minimal government and laissez-faire economy tried on a grand scale and Milei is attempting it. I hope it succeeds and spreads. I live in dollarized Ecuador where the step of dollarizing brought stability so I hope Argentina is able to do likewise.
Dollarization means giving up national financial sovereignity and effectively becoming a colony of the US. That would be horrible future for the country.
Dollarization is at best a stopgap measure but ultimately it means being totally dependent on the monetary policy of the US: if they massively print USDs your economy takes a hit even though it has nothing to do with it.
@@romangnatenko2096 some other countries such as Ecuador have been using dollars for a while now... it's not the end of the world, and it also wouldn't let anybody print money since argentinian pesos wouldn't exist anymore (well, they would, but they wouldn't be a valid currency)
I want a Milei here in Canada! Please!
It would have been nice if they had discussed (using graphs) things like exchange rates, inflation rate and trade levels to get an idea of what is going on in Argentina.
Do not forget that the inflation that argentinian are suffering now is a consequence of the pesos emission performed by the previous government. They multiplied the amount of pesos (the argentinian money) by six, mostly of that on the last months before Milei. Nothing that Milei did produces inflation. Inflation is a consequence of the deficit, and Milei achieved a surplus. The reasons why prices increase a lot these first 100 days was:
1) The lagged inflation effect of the unbridled monetary issuance carried out by the previous government
2) The cessation of price controls that the previous government imposed to appease the inflationary effect of its own issuance.
3) The gradual cessation of energy and transportation subsidies that the previous government used to increase people's purchasing power at the cost of future inflation (because it paid for it with issued money).
4) The misnamed devaluation that was actually an honesty of the value of the official dollar. Before Milei, government-approved importers had the privilege of purchasing dollars at less than half the market price. Stopping that, the price of imported products doubled (even though the peso gained value against the dollar in the free market in these 100 days).
All is correct.
He fired a minister who took a 48% pay increase live on air. Prime example of how he's cutting the bureaucracy.
Showboating with no substance
@@greg2502 he's already cut down the state by shutting down several ministries. Government doesn't make money, only takes and redistributes and with several departments and personnel now gone it only makes sense that things are on the up and up as far their economy goes.
@@CleetusVanDamme530 rubbish. He and his "friends" in power (and relatives) do whatever they want and they dont know the law and are trying to force Congress to pass laws without study.
@@CleetusVanDamme530 I could do that. Thats not hard.
@@nerag7459 OK, so go on right ahead and get elected President. You have to do that first.
Ive been in argentina for the lat 3 weeks, honestly the place has so much potential but it really needs its shit sorted out. For instance electronics ans many other itema cost more there than they do in the Uk due to insane tarrifs and taxes and placed on certain imports. Its insane
How much are the hot women going for there? 💋
Those insane taxes and tariffs together with protectionism of the local monopolies are the main reasons for struggling. Certain things will never change, and idiot milei never mentioned that
@@thelostgeneration2000 he did more than one time on multiple interviews, i clearly remember him saying it... in fact, i might aswell search for one and share the link
Thank you for the excellent reporting on this. Finally someone recognizes that government handouts are the most expensive way to do anything.
Turning an economy from collectivist to free market is a painful experience.
It has taken Argentina 50 or more years to decent to this state, it is going to take a few more years yet to even turn the tide. Having said that, positive change can be quite fast, all the government needs to do is to stop making things worse and things will always get slightly better. Milei can't fail to improve matters, because he is doing the only things that can improve them. Whether or not he will be allowed to live long enough to see this through as the powers against him are both very strong and extremely determined, remains to be seen. Argentina has a great deal going for it but has been cursed by the worst kind of leadership in living memory for far too long. So bad is its government that virtually no government at all or anarchy would be a great start.
I must say that of all the weirdos that have risen to power all over the world, he at least seems to be completely focussed on a very specific, economic goal. No woke, or anti-woke nonsense, no culture wars, no weird religous stuff - just fix the economy.
Whether it's going anywhere I have no idea, but he does strike me as the most reasonable one among the populists.
he literally prohibited inclusive language in the army, not like our army was full of transgenders and homosexuals, but now its ilegal for them to use gender neutral words (i find the thousand genders stuff idiotic, but i dont think it was a problem in the army in the first place, just populist propaganda for blind followers), and they announced it on live tv like a great measure, also changing one building name from a leftist ex president that died years ago to i guess a right wing former president, eliminated the "womens room" a room in the presidential house with historical women pictures in it, a lot of stupid policies to say we are "anti woke", worst part they filled it with teenagers and young adults who make money by posting stuff in twitter for the president. with regards to making cuts in education and helathcare, honestly its a cultural issue, and society has to decide that, because the reality is many people pay taxes for things they dont use, like university, in my case is bad for me, but my friends that dont study they have the right to want to stop paying for something they dont use, now when it comes to healthcare i dont think its morally justifiable to make cuts on medication of poor cancer patients, literally children might die because budget cuts like that, so thats really unjustifiable, and i think thats what the goverment is trying to do as far a some media reported but im not 100% of that because i havent checked the sources, but its not unlikely for this goverment. All this leftist vs right wing stuff i find it ridiculous on either side; i dont give a damn if les than 1 percent of the population identifies as non binary, or if the goverment hates communism and leftist or is leftist, i care about economic growth, i wish we had a president like trump or xi xiping the chinese communist one or the one milei adores, but simply we are living worse than before he assumed, and i doubt selling parts of the goverment or paying teachers less, or closing universities or eliminating subsidies will have any positive impact on the average man, hopefully it does, but so far it didnt quite the contrary, people who support milei have hope, but hope can be stupid unless theres positive changes, if not it seems just good propaganda.
If Milei even partially succeeds Argentina will become a popular place to emigrate to.
Instead of striking, the unions need to figure out how to double worker productivity. Argentina could be a rich country.
It's not worker productivity the isue.
@@puraLusaThat's part of it. Overspending on subsidies is another part of it.
@@puraLusa Correct. Living off of debt and subsidies for decades is the problem. Milei is trying to fix that, but it won't happen overnight. The only thing the average worker can do that will have a more immediate effect is to be more productive. Stopping economic activity (strikes) only makes the problem take more time to rectify.
@@incaseofemergency6051 unions are proficiency postures, they call out numbers, it doesn't mean strikers making noise on the streets are said workers. Let time pass, unions by loosing that acess to the comon tax money make even more noise but by repeating the act too many times they start to border people and more importantly people will start pay less atention to it, they loose popularity. For this to happen they need to be let loose on their act.
Thats my 2 cents on unions: go to the protests and ask around if peeps are actually workers 😁 you'll be amazed by the answers.
@@incaseofemergency6051 totally... fix a capitalist problem with MORE CAPITALISM.
I wish I could return to Argentina. If there is a reelection, I will be back.
No eye plata (hay = eye). You won't be far wrong if you just forget the "H" exists in Spanish. Its not pronounced. So hay becomes ay.
No hay plata = There's no money. Eye = ojo. Also plata = silver but in this case is used as a vulgar or exagerated way to say "Money" to send a more robust message
"Hay" being one of the many forms of conjugating the verb "to be" which i'm not getting in there because talking spanish is already hard enough
@@marcelomarcelo514 Among the Argentines I know, including me, _plata_ is the more common word for money. It is not regarded as "vulgar or exag[g]erated." Sure, everyone understands _dinero,_ but everyone understands _tú_ as well and uses _vos._
@@user-ng8fk8vn7q That's what you get when you have a bot doing your captions, and furthermore a bot that can't speak Spanish! Where's Threepio when we need him?
Sorry, but when are the bad parts coming in the video? You said up and downs...
Unions will strike in Canada too, and when they get their way, we can all expect to see more inflation.
Unions don’t create inflation. One of Milei’s favourite economists Milton Friedman has a speech about it you can find on CZcams.
You neither understand Unions nor inflation. I pity you.
More Milei/Argentine content please ….
I am truly excited about what is in store for AR. The country has the potential to be one of the greatest and Milei is taking some much needed measures
I pray for his success. If Argentina becomes like Singapore it will be awesome.
It's more realistic that it becomes like Somalia.
strike is tinnyyyy compared to the amount of workers, means he's doin a good ol job so far. he deserved his 4 year chance!
The question for his opposition is whether 250% inflation is acceptable. If they think it is, they are incompetent or liars. If it is not then they should get out of the way for someone who is serious about reining it in. 250% inflation. Argentina is not a serious country with 250% inflation.
Back in the 1980s both Argentina and Brazil had around 2000% annual inflation, year after year. Paraguay in between them was a paragon of fiscal responsibility by comparison - only about 150% inflation.
Why is the volume on transitions so much higher? can't you keep a relative sound level? it is hard to watch your videos with sound blarring every few minutes .
I really hope all the best for Argentina 🇦🇷🇦🇷 coming from the Philippines.
Here’s wishing him and all Argentinians the very best. It’s time to look South for examples of true leadership.
The solution for a bad government has never been a smaller government or larger either.. taking on corruption and thus improving efficiencies are better solutions..
Smaller government means less corruption by unelected bureaucrats. Smaller government also means less taxes to do its job. Less regulation means more creation and production. Less taxes means more profit for everyone.
@@Tankrat6 not really it just means that the rich get richer... Trickle down effect is the Tooth Fairy of economics
@@eccoeco3454 okay how do you fix inflation? how do fix the economy? how do you raise the income of the average family? If as you say rich get richer, are implying tax them to death? take there ill-gotten money?
Tell me how to fix the country, its economy, and government over regulation & spending into oblivion?
I really want to know how you would fix this?
@@Tankrat6 You are asking a simple answer to a complex question, a question that isn't even a question it's a generic bundle of other questions... Problem is reality doesn't work that way...
A problem that perhaps would be best answered by a proper Economist and not a random guy on youtube
How to fix inflation... Well one can apply way more moderate measures of inflation reduction... Without all the nonsense this government is going for... Mind you just because the previous state of things was bad doesn't mean that this is good, just because this is bad doesn't mean what came before was good.
I can guarantee you that a Police state isn't in any way going to fix inflation...
How to fix the country and economy... That isn't a question that's something you write whole books of political theory economics on...
Also what does tax them to death even mean... I can guarantee you that a moderate proportional taxation system isn't going to kill any of them poor dearies.
But it can provide a base to invest in the public sector, on the population, you have to spend Money to make money...
If you want people to spend, to invest, to develop, you have to provide them with the minimum conditions from which they can do that... Do you want a country where the High tech and innovation Sector Is competitive? Well pal got to invest in education...
Do you want an economy where there's a healthy internal market? Well you Better provide the workers with a excess Money and sufficient security that they can consider spending (which by the way... Wasn't said by Lenin or any other Red Bogeymans, ample salary and security is on of the basic tenets of Fordism, as conceived by Henry Ford).
Oculate and careful investment is hardly communism... It's simple Kaynesian economics...
How to get livable wages, well you hardly do that by cutting in two the value of the peso, killing unions, and letting the workers at the Mercy of the employers...
Weirdly enough libertarians are so attentive to "unelected government oppression and corruption" but talk very little about "unelected corporate oppression and corruption".
I mean... I hardly am a fountain of absolute Truth and it's not exactly simple to provide a government ready economic Plan to fix decades of misrule from both sides of the political spectrum on the spot in a CZcams comment but considering you seem so sure of yourself what would *you* do?
@Tankrat6 less regulation will mean they'll put acid in your toothpaste and it will be no problem at all they'll place your waterpipes next to your electricity cables to save on cost and if your house burns down that'll be bad for you but your contractor made it's money already... less regulation means the rich gets to F us harder than they already do mate
As a Norwegian, I really cannot imagine living in a society that is having such turbulent economic history. I guess the Argentinians just are very passionate about everything, at least they look very passionate in these videos. Might not make for the best long term pragmatic policies, but I'm sure they enjoy the show.
Best of luck to them, I guess this will succeed for a while, and then crash down into a ditch eventually.
Yes, you’re right about the passion. That is both a good thing and a bad thing at the same time since we’re being more conscious and interested in learning what is going on with our political system and at the same time the clashes between ideologies and ourselves is way stronger and painful.
And of course, politicians take advantage of that knowing that passion and pride for defending the “correct ideas” is their way to get in power and do whatever they want without their people to tell them anything. That’s how they ended up destroying our economy, and our society on the way by making us fighting each other.
Nah, the idea of this kind of measures is to be painful in the short term, to succeed in the long term. Your guess is wrong
Nah, the idea of this kind of measures is to be painful in the short term, to succeed in the long term. Your guess is wrong
@@Nelox2000 - not the first time Argentina has done drastic changes, improved things for a while and still a few years later, being in some new (but different) economic problems?
It will be interesting to see how this latest iteration will work. At least your politics isn't boring, unlike Norwegian politics.
You will find out when the world wide fiat currency crisis reaches your sovereign wealth fund and it evaporates.
An update video on El Salvador and Mexico please 🙏
Not Mexico please, we dont need any more fake news from abroad
No need they're the same as before
@@larryc1616 it's funny, they deleted my comment
@Arbizi +60% of all my comments are shadow banned or deleted by CZcams software or their AI. Get use to it. There is no freedom of speech on CZcams.
@@Arbizi same with +60% of my comments on CZcams 🙄
There was a consensus in non-left wing south americans that Argentina was a black hole with no hope of future. Seeing Milei being able to do something is insane, nobody knows how to react and everybody wants to interpretate his ideas as exacly like their own too.
Way too early to tell just yet.
Many of his reforms are just common sense in Argentina's case, but their implementation is the real issue.
Want to do something concrete to back Milei and his plans?
Do as I've done: _Stop buying your wine from anywhere but Argentina._
Viva Malbec!🇦🇷 Viva Argentina!🇦🇷 Viva Milei!🇦🇷
Milei would tell you that the consumer should always look for the best price. If foreign wines were cheaper and better, then it would be foolish to choose local one just because of their nationality. Let the country provide only what's good at.
@@kenny-ou5pn I would expect Milei, as a libertarian, to respect above all my right to my choices whatever their basis in reasoning. You seem to mistake him for an economist who knows the price of everything and the value of nothing.
You also sound like you have too little experience of Argentinian wine. I suggest you bring ten or twenty dollars with you to your wine shop and do some catching up, starting tonight.
"Viva la liberdade..."
Like every country that has citizens living in poverty, deal with the corruption of the upper class severly and the general population will benefit.
As an American I absolutely adore when things go well in our neighbors, from El Slavador to Argentina it gives hope to a region that seemed destined to alway loose. And with teh ongoing reforms in Argentina it gives me hope for my own country.
As long as these great leaders are given enough time to avoid the cancerous left and their malignant ideas destroy everything. For the sake of humanity, I hope these inherently good leaders succeed
LOL, Argentina is going backwards, all this government, will just push the need for service to the private sector which will eventually end up charging more. Argentina instead of going forward they are going backwards, I hate to say it but Argentina has the government they deserve.
I wish there were someone with the knowledge, ability, and courage to do the Millei thing with the U.S. national debt and over-spending problem.
As an American it is sad how ignorant you are to not know that the lack of development is due to USA, but whatever ignorance is bliss as they say.
as a South African I can confirm that the lack of development is not at all due to America…. It is in fact due to lazy people who like to blame others for their failures…
America is always happy to assist those who help themselves.
It is left leaning policies that hinder development, as these policies creates a population of thick and lazy people who look around to seeking sometime to blame for their miserable lives.
Case in point.
It’s easy to bring inflation down when no one has any money to spend. Poverty in Argentina has risen to 57%. You can grow a surplus by not spending on social services, but unless the private sector raises wages for the working poor, poverty will just keep growing with social unrest to follow. 😮
Wages are the price of labor. Reduce government bureaucracy and taxes, get more entrepreneurship, then the demand for labor will rise in turn the wages and productivity. As productivity rises, real wealth increases.
Government produces nothing. When it raises wages by fiat, it devalues the money increasing real poverty
@@nustada You know nothing about real poverty. Real poor people dont have big bank accounts. Therefore they dont care about devaluation of money. High inflation makes just people with high bank acounts or high credits poorer. All real poor people care about is, if the social services provide enogh for food and shelter and keep up with inflation.
@@renezirkel "You know nothing about real poverty. "
You know nothing about me. Your emotional diatribe has nothing to do with economic reality.
@@nustada I was without income due to health issues and without any govermental social services for over 12 months, I lost my shelter and so on. Guess what, I couldnt care less about inflation rate or better paid jobs in any future. So what is your story?
@@renezirkel
Yes I know you are a thief via government everyone goes through hard times, not everyone uses that to justy their theft.
My sob story is worse than yours, but I never used it as an excuse to violate anyone else.
If the economy was healthy you would have savings and charity. State violence is the "solution" for you because state violence created the bad situation in the first place.
Bold. I do not know how successful he'll be at the end of the day, but he took on a country in near free-fall, and has shown courage and willingness to take on a bloated and comfortable corrupt establishment and not back down. The people seem to mostly be giving him the benefit of doubt. We'll have to see how things turn out.
My fear is that the socioechonomic effects from the cuts will take years to manifest maybe even decades. The public spending was there to combat some problems, by cuting the spending the country could end up in a worse position in the long run.
loved the video but music was too loud
Cutting spending means more suffering of poor people.
Milei actually doubled the ammounts of welfare.
I think he's awesome!!! To reverse the expenditures of the public sector is tough and not easy to do, but it's necessary to find the funds to implement the positive changes required to increase the production of Argentina! To decrease inflation you have to increase production. To increase production you have to make heavy cuts to public subsidies. It's a necessary sacrifice, one that's not easy to put forth if those who are depending on it, can't receive its benefit. Ultimately if he's a moral man, which he appears to be, will in fact raise the countries GDP, and give back the republic a more balanced and robust economy, thus reducing the inflation and generating room for growth for the Argentinians! He's building a lean, mean strong healthy cow that will prosper!
It's Reaganomics and Thatcherism. Both of them looked to Chile and the Chicago boys (school of economics). Look at how the US lost its industry and manufacturing, leading to impoverishment and a drugs epidemic. Outside London, UK towns and cities experience decay, homelessness and significant inequality.
If Millei can stand strong, the country will suffer a lot of pain over the next year before they see the fruits of the free market sans the parasitic government class. Then we need him to come to America and do the same!
You mean your new bosses? Do you think the “parasitic government class” will stop being your business owners, financial leaders, and influential politicians?
Which "free market"? Nonsense.
He's amazing
A little correction on the subs. At 1:12 it should be something like "they said 'like this, it's easy'". "like this" meaning shock measures with high social impact vs gradual measures like what Macri tried to do.
Sounds like the opposition is protesting because they are feeling the consequences of the crisis they caused.
I think that people don't understand that everything takes time to start to feel like everything has change in the government or the economy.
Not sure what they expected. He is doing exactly what he said he would do.
That's the one thing I want our politicians to learn from Milei. Only that, and a bit on accountability. They shouldn't lie on the campaing and platforms should be clear.
Can't access anything.
You really did your work, this is extremely accurate. Great video.
Can he migrate to germany after he is done there and do it here as well? I would vote for him ^^
14/03/2024, 1 USD = 850 Pesos
12/12/2023, 1 USD = 366 Pesos
Since the election, the Argentinian Pesos lost another 57% of it purchasing power (meaning everything is a twice a expensive).
What's gonna happen next? The Argentinians won't be able to afford imported food, medicine & goods (computers, phones, agricultural equipment..) Argentinian food producers (meat) may prefer exporting than selling locally.
Educated people (doctors, nurses, engineers,...) will emigrate abroad & might never return.
The country will suffer of a lack of qualified professionals.
Is that what you want for your own country?
Then may your wish be granted 🤞
@@SERGIO-cr6uythe inflations been insanely high for a decade now economy’s don’t magically turn good overnight.
@@retrox684 I know that but it's even worse now. Yes with time it should get better, but how long is it gonna take?
I'm pretty sure the skilled professional will leave the country soon.
@@SERGIO-cr6uythat's false lol, that wasn't the price of the arg peso in 2023, where the hell did you take that info from? BBC?
About the rest you said, that is not gonna happen in the future, because that's what is exactly happening now m8, as a result of closing the market instead of having a free one, in which productivity gets broke as it is now. Please, first that all get informed about situation before make an ass of oneself
Dont say it out loud, could become true
Posters on this board who disagree with Milei never provide a different approach, and never say Argentina should go back to the ways of the prior Administration. They just complain. A complaint without a different option is useless.
I dont understand how some still want to revert to the old ways. Pure insanity and stubbornness
He’s decreasing inflation!
Inflation rate*
2 months in a row, that being said Friendman used to say that the result of economic policies usually take between 6 to 12 months to take effect, so i image the decreasing inflation rate is all because for the first time in years, people have confidence in the economic outlook of argentina
By stop paying wages, salaries and pensions. Sweet move.
@@Arbizi ask yourself, should the poor pay for the wages, salaries and pensions of government workers?
@@joseaca1010 Actually the biggest part of the government expenses are pensions. And because it is a solidarity system, every retired worker has a pension paid by the government. There are no private pensions in Argentina. So yes, every pension comes from taxes. And just to mention the other big expense is the payment of debt interests. Not just the poor pay for it. Every argentine does
@@Arbizi so you take money from the poor kids to give it to the poor and old, isnt "solidarity" great?
Thats why that system needs to disappear
So the vampires are upset they can't suck any more blood, thanks to Milei.
Milei was very clearly at his inauguration that the days ahead, for some time, were not going to be pleasant. The fact that he still enjoys so much popularity reflects a People that are willing to endure some hardship if it means better opportunities later.
If Inflation droppes below 50% he's half way there
Source: imagination and delusional thoughts...
@@jlzpachecokeep crying red!!!!
Economical transition is always painful in the beginning, Milei have genuinely good ideas but it will be tough and I got the impression Argentinians are ready to battle through it to get a better future. Hopefully the elite do not win and the people endure
Let’s not forget the international inertia that Milei has… there is a LOT of big boys that wants this guy to succeed… there is bad elites, but some of them are good
Milei is part of the Elite.
According to my point of view. If he succeeds and people outside take noticed then we will witness a big change in politics around the world.
His action will have an effect around the world. His approach is nothing new but his speed to change it is something very interesting to witness
In my country going downhill the people really does not WANT change because they cannot handle the short term consequenses. Very sad. In fact, they have applaueded the last 5 devastating years / Sweden
Kindly do Nigeria as well
nigeria had so much potential..now it is an absolute mess
@@lm_b5080the people same as Argentina
I wish we had Milei in Australia.
No vuelvas a decir eso jamás, ni en broma. Te lo digo desde latinoamérica. Saludos
Claudio dice lo q dice porq no la ve... los peronchos no vuelven mas
@@claudiorodriguez5284Anda a votar a boric devuelta, seguro que eso hara crecer a chile, ah no, para
@@marcelomarcelo514 La derecha es una mierda, siempre hace weás
@@claudiorodriguez5284You are a blight on Chile.
They did not transfer that money to Chubut, because there was an unpaid debt from Chubut, and the agreement said that in the event of non-payment the national government could cut off the transfers. The nation contacted the province multiple times to renegotiate this debt but the governor of Chubut never opened the emails.
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
100 days doesn't seem like enough time to judge
Milei has good intentions, but he appears to be running into opposition from a number of sources. Dude's head is going to hurt bad from running into so many walls.
Even if they pass I don't think his good intentions will materialize really.
The economy will recover that's for sure, but it will just be paper figures like in the 1920s when the country was (not) rich.
People keep forgetting a middle class only rises when it can protect itself directly or indirectly via a *competent* government.
However, 1 scenario where he could succeed will be to given unions strength, transparency and accountability to protect the workers instead of the government doing it. Or even a system of tripartite agreement state / unions / employers which works really well in northern europe. That way, the people will have a share of the economic recovery.
@@Spido68_the_spectatorThe same unions that are blocking every single work/economic reform buying judges and are the leading players in the countrys narcotraffic and persons traffic? Sure as heck that's gonna work
@@Spido68_the_spectator
Bullshit lol. Middle class and a a strong government are antithesis of each other.
In fact the weaker the government the stronger the middle class.
@@Ungehorsam Please name the countries with a healthy middle class and a weak gov't.
I'll have to disagree with this one@@Ungehorsam Scandinavian countries are a good example, incredible strong and centralized governments with a healthy middleclass, 80% of the nations are in the middle class
please ceep us more updated every so months. i find it hard to get news items about it and i think it is one of the most interesting political experiment in a long time.
One thing for sure- never count chickens before they hatch.
You need to evaluate after his full term. It's a very big pile of shit accumulated decades, and everybody is expecting it to be cleaned up in 1 or 2 years?
There are comments here already declaring Milei a failure. People can be a bit crazy with their expectations and that is a problem.
December 18, 2024 will officially be two years since the Argentina men's national football team won the 2022 FIFA World Cup.
🌝🌚🎃🇦🇷
And the point of this comment being?
@@SERGIO-cr6uy This video is about Argentina lol
@@SERGIO-cr6uy The point is that the Argentinians are elated and over the moon, so much so that they voted in a man who went around saying "Viva la Libertad carajo!" and are prepared to put up with him until the next World Cup!
Messi playing for MIAMI 😮
@SERGIO-cr6uy The point is that the Argentinians are elated and over the moon, so much so that they voted in a man who went around saying "Viva la Libertad carajo!" and are prepared to put up with him until the next World Cup!
Good luck to Argentina but the results won't be obvious until years into the future.
6 month from now there will be obvious progress.
If he was allowed to do what he wanted it would be extreme progress.
@@whowhy9023but without Ley Bases and DNU , what are the implications
The main and most serious obstacle for Milei is literally everyone in Argentinian government, the senate/congress and even regular state clerks. Those who have state office positions are usually statists, i.e. anti-libertarians