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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThis the country Trump and Musk want to emulate (No it isn't Russia)
Argentina's recent economic growth has come at the cost of the country's poorAYESHA RASCOE, HOST:
Javier Milei, the president of Argentina, is a polarizing figure. From the moment he began fulfilling his campaign promise to slash government spending, Milei has been targeted by protesters. But others consider the former TV pundit a hero for turning the country's ailing economy around. He's tamed runaway inflation, and the government is seeing rare budget surpluses. President Trump and Elon Musk are fans. But Milei's austere reforms have hurt the poorest and pushed even more Argentinians into poverty. We reached out to Daniel Politi, a freelance journalist based in Buenos Aires, to ask him about President Milei's first year in office.
DANIEL POLITI: Milei came in promising a revolution in the economy. He described himself as anarcho-capitalist, and he said he wanted to reform the whole economic system. And he campaigned with a chainsaw in hand, saying he was going to slash spending, slash the budget and attack the privileged. And he has managed to fulfill his biggest campaign promise. In his first month in office, inflation soared to more than 20% monthly rate. And now it's down to below 3%.
-snip-
RASCOE: But as you mentioned, it has pushed more people into poverty.
POLITI: That's right. Under Milei, the poverty rate increased to more than 50%. An even more shocking statistic is that 6 in 10 children live in poverty. So there's this feeling that there's really two Argentinas right now, one Argentina that's benefiting from Milei's policies and another that they're facing big struggles and are finding it hard to make ends meet.
https://www.npr.org/2025/02/09/nx-s1-5280631/argentinas-recent-economic-growth-has-come-at-the-cost-of-the-countrys-poor
Milei was the one who gave Musk the chainsaw at CPAC
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This the country Trump and Musk want to emulate (No it isn't Russia) (Original Post)
Yo_Mama_Been_Loggin
Monday
OP
RainCaster
(12,491 posts)1. a banana republic
Of course
mwmisses4289
(796 posts)2. Except trump inherited a booming economy, and in two months has sent the u.s. into the beginning of a recession.