You’re not wrong. There’s probably a better way to stabilize Argentina’s currency which won’t lead to as much suffering. But no one presented that better way.

Peronists have been doing the same things for decades and it led to 40% poverty. Milei ripped off the band-aid and it led to 60% poverty. But it probably paved the way for lower poverty in the future.

If you find a way to lower inflation (which helps everyone) and make the poorest people in society equally prosperous, I’m sure they’ll give you a Nobel in Economics for it.

Lowering inflation when it’s too high is always a question of short term pain for some people to get long term benefits for most people.

Inflation is going down. That brings hope. A year ago some saw their life savings’ purchasing power cut to a third. That brings despair. This year it only went down by half, which brings hope because it’s an improvement. Once inflation is at a reasonable level, economic growth will have to bring hope, which it probably won’t, since Milei will be focused on lowering debt and trying to fill the hole in the central bank, which still stands at negative 7 billion dollars in foreign reserves.

Milei is a Christian, authoritarian, regressive fascist.

And he would never have gotten into power if the Argentinian left had respected the independence of the central bank, been more pragmatic with their subsidies and let the market decide more of their economy. Protectionism doesn’t work and Argentina is a shining beacon letting everyone know that.

The left in Argentina did this to themselves. Even the trade unions in Argentina are struggling with support because they’re seen as complicit in the country’s wild overspending.

Because in the long term, very high inflation leads to everyone being poorer. And Argentina is the very best example of this.

A country that went from being the 6th richest in the world to having over half the population in poverty in 100 years. All thanks to protectionism, subsidized living costs, low taxes and printing money to make up the difference.

And let’s not forget fleecing the international community for money to rebuild the economy several times and then not paying it back.

In European Portuguese it’s “Feira da Ladra”, or “Fair of the (female) Thieve”

As long as Venezuelans keep blaming the US for Venezuela’s problems instead of looking inward, especially to their own corrupt government, things won’t get better for them.

Using the US as an external enemy is great for holding onto power but it doesn’t improve people’s lives. Transparency, democracy and accountability improve people’s lives. These are things most of Europe have and Venezuela does not. Venezuela has vastly different policies from center-left European countries and I’d know because I live in one.

You don’t have to defend China or Cuba because I don’t want to attack them. I wish Venezuela would be like China or Cuba. At least my family wouldn’t go without power, starve or die needlessly.

Maduro has to go, and chavistas need to stop blaming everyone but the government for their problems. But I suspect even after everyone has left and only chavistas remain, they’ll still blame someone else. Don’t encourage them.

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But lower pension costs, and overall it saves money to allow people to smoke themselves to an early death. Even if you count the cost of their treatment, it’s cheaper than 20 extra years of pension payments. It’s a terrifying but sound economic policy.

I use Ecosia for the environmental aspect, not the privacy, so I’m gonna stay with it.