Argentina’s economy has pretty much bottomed out, with rampant inflation and an alarming widespread poverty level. Milei’s has decreed for the privatisation of state-owned companies, reformed workers rights, ended limits on exports, altered housing rental and land ownership laws to allow for foreign investment. He’s also planning on gutting the over bloated government bureaucracy, eliminating over a dozen agencies and lifting restrictions on foreign companies doing business and providing services such as Starlink to Argentina. The ‘toon is in reference to Milei’s shock therapy “chainsaw plan” and is an unfair socialist view of it.
He announced his plans just two day ago, Wednesday, so it’s far too soon to see what kind of and impact they will have. As bad as it is, it’s hard to imagine that it could get much worse in Argentina. It’s going to interesting to see how a nation develops under the guidance of a Libertarian who has a degree in economics. Let’s revisit and see what’s happening six months and a year from now.
Argentina’s economy has pretty much bottomed out, with rampant inflation and an alarming widespread poverty level. Milei’s has decreed for the privatisation of state-owned companies, reformed workers rights, ended limits on exports, altered housing rental and land ownership laws to allow for foreign investment. He’s also planning on gutting the over bloated government bureaucracy, eliminating over a dozen agencies and lifting restrictions on foreign companies doing business and providing services such as Starlink to Argentina. The ‘toon is in reference to Milei’s shock therapy “chainsaw plan” and is an unfair socialist view of it.
He announced his plans just two day ago, Wednesday, so it’s far too soon to see what kind of and impact they will have. As bad as it is, it’s hard to imagine that it could get much worse in Argentina. It’s going to interesting to see how a nation develops under the guidance of a Libertarian who has a degree in economics. Let’s revisit and see what’s happening six months and a year from now.