this post was submitted on 19 Jul 2024
31 points (86.0% liked)

World News

39104 readers
2278 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
top 10 comments
sorted by: hot top controversial new old
[–] Carrolade 24 points 4 months ago (3 children)

Yeah, going full unregulated capitalist will lead to short term growth, no question about it. Long term consequences are the issue, though.

[–] kinsnik 19 points 4 months ago (1 children)

considering the industrial activity collapsed in may, the recession is still going, the economy minister has no idea what is going on (yesterday he talked about people having to sell dollars to pay taxes (despite campaigning to dollarize the economy and eliminate taxation) (Spanish link), i would say that this is short term collapse, leading to long term collapse

[–] [email protected] 11 points 4 months ago (1 children)

the economy minister

The dead dog?

[–] Siegfried 1 points 4 months ago

No, not that conan, the other conan

[–] [email protected] 6 points 4 months ago* (last edited 4 months ago)

Argentina is far from unregulated. And oftentimes unregulated capitalism placed in dysfunctional economies leads to significant short term contraction. Long term growth depends on putting the correct regulation back into place.

Milei is shitty but ending currency controls will go a long way toward giving the economy a good base. Getting inflation down to a decent level will make it so people will actually use the peso and not do their damnedest to get a hold of a stable currency like the dollar. And that is very important because countries should not be relying on a foreign currency that does not care about local situations. Milei's idea to dollarize the economy is idiotic in the long run. But I doubt that will actually come into fruition.

[–] masquenox 4 points 4 months ago

Looks like Argentina is doing a Greece...

[–] veganpizza69 1 points 4 months ago