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Milei plan to privatise Argentina river sparks fears among local communities
(www.theguardian.com)
this post was submitted on 20 Nov 2024
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maniacal laughter GODDAMN! Woo! That fucking Libertarian paradise comes at you fast. Man, Milei is in over his fucking head and the depth of it is slowly dawning on him at about the pace 80 year-olds fuck. All those experts are gone and my boy here is fucking treading water in a slow panic seeing the picnic he's planned in the hurricane.
Oh no, that's exactly what it's out to do. Milei is looking for capital injection after his nose dive on inflation. Like all of the austerity, Milei has successfully slowed inflation down drastically, but has done so by basically bringing his country's economy to a damn near halt. That's the easy part. You stop putting any kind of investment into the public, they hold onto their money longer, economy slows and inflation basically flat lines.
The trick is that once you've got the economy this cold and all the fluidity has almost frozen completely, you warm it back up and try to control the thing to prevent another run away inflation. That's the difficult part, because your people have to trust you to play their part and not be scared they'll watch their dollars buy less and less again. And you've got to warm it up, because if it completely freezes, then you leave recession and enter depression where money enters a glacial pace of movement.
The thing I find funny is that the Libertarian paradise puts all the trust completely into the hands of the public. Which given how cold Milei has made his economy, is either the most insane or genius thing ever. But then he does this and, "AH, he wasn't going to trust them after all." He's going to wheel and deal and see where it lands. Problem is that the folks with money know the position he's put himself into. The cards are stacked in the favor of the rich people who Milei wants to invest in his country and boy are they going to play their hand.
Hornsby sang a song about it. "That's just the way it is. Some things will never change. That's just the way it is. Ah, but don't you believe them." Man people are hungry to think this shit ain't going to play out the same way it always does. It amazing the lengths folks go to thinking that. It's shit like this that makes me think hope is one of those bad four letter words.