Argentina's poverty levels hit 57% of population, a 20-year high in January, study finds
A study has found more than 57% of Argentina's people are considered poor, the worst poverty level in 20 years.
This paints a picture in direct opposition to the Milei posts yesterday. Which made the situation seem bright.
You mean the one about the government surplus from the government not doing the things it's supposed to?
Yeah you can save a ton of money if you don’t pay your bills!
water turns off
internet turns off
power turns off
heat turns off
car gets repo’d
is evicted from apartment
credit tanks for the next decade
lawsuits
lawsuits
lawsuits
Stephen Harper did the same thing in 2011. He ran 6 straight years of deficit spending, sold Canada out to Nestle and the gas companies, cut funding to the public sector, and said "wow look at all this money I found! aren't I the best politician?"
That was my post. I wanted to post about the poverty rate as well for juxtaposition, but saw that topic was already posted before me so I didn't.
I mean we've had 4 years now if the situation being "not bright". Even Milei got elected saying shit will hit the fan. It's not something new for us down here
and the right wing plan is to simply increase the suffering until the problem fixes itself.. they are sure this will work somehow.. eventually..
Argentinians really do need to take a page out of France’s 1790’s journals. Lots of really effective tools that will correct the problem quickly; in particular the redistribution of stolen wealth, and the few surviving parasites at the top suddenly being on their best behaviour instead of acting like uncontrolled vampire squids.
The government sanctioned murders against anyone who spoke out against them
redistribution of stolen wealth
How are they going to get the stolen wealth back from US and Europe?
Shocker: Shock therapy still doesn't work.
Well that was the plan, Javier Milei just wants to completely destroying the country.
This is the best summary I could come up with:
The UCA’s social debt observatory is considered an independent and prestigious research space whose reports on poverty cover a larger geographical area than those conducted by Argentina’s national statistics agency, INDEC.
According to the center’s latest report, the increase in poverty levels in January was partly due to the devaluation of the Argentine peso applied by the Milei government shortly after taking office on Dec. 10.
Eduardo Donza, a researcher with the social debt observatory, told The Associated Press that although inflation could slow in the coming weeks, the incidence of rising prices will continue to impact Argentinians and poverty would hit at least 60% of the population around March.
Milei, an ultra-liberal economist who is implementing a series of shock measures, including a sharp reduction in public spending, said that the fact that “six out of every 10 Argentines are poor” constitutes “the true inheritance of the caste model,” which is what he calls the political class who has governed Argentina for the last 20 years.
She said that, starting in 2018, “with a debt in dollars and the return of the IMF (...), we went backwards.” The reality presented by the study, Fernández de Kirchner said, “shows that today we are worse off than in 2004.”
Presidential spokesman Manuel Adorni said Monday during his daily press conference, that the former president is “one of the most relevant figures in the last 20 years of Argentina’s decline.”
The original article contains 497 words, the summary contains 238 words. Saved 52%. I'm a bot and I'm open source!
People keep writing like Argentinians really believed Milei is going to fix the country. Most people were simply desperate and voted for him protest. If you still think they are stupid for protesting like this that's fine. Let's just be clear about what they did.
Wow, so the previous government had a poverty percentage of 0?
No, wait, they had 49% poverty by November 2023.
And you tell me that after all these changes to reduce spend, it went up by 8%? I would have expected it to reach 90% to be honest.
The whole goal of those changes is tough love to fix all the problems, so short term problems but in 2 years things improve for the better.
Administrations don't have near as much control over the short term as you seem to think.
Lol, “if we do even less we will magically become better in the long term” is genius levels of cope.
Austerity doesn't work, we've known this for a long time now.
I get what you mean. No I don't think they have magical control, but with all the fear monger about the guy on Lemmy you would expect that a nuclear cataclysm should have razed Argentina by now haha.
Still I do hope everything goes to plan and inflation starts to trend down. It is going down but we need more. Good thing is Caputo is aiming for inflation near 10% this February. If it even stabilizes over 5% monthly that would be an extreme boon.
They guy would be reelected for next term assuredly
Make fireguns legal and at some point someone will start shooting at the homeless.
Not good but just the rethoric of some people.
