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I’m not a libertarian, I’m a social democrat.
The last century has been a total and unmitigated disaster for Argentina. The two options Argentinians had in this election were:
- More of the same by the guy who oversaw inflation reaching 160% (100% chance of things getting worse)
- A total wild card (99.9% chance of things getting worse)
Unsurprisingly, they went for the latter. I don’t think anti-libertarians get to gloat in this context, given it’s the Argentinian establishment which has overseen one of the most remarkable examples of total state-collapse and economic failure in modern history.
This makes a lot of sense if you pretend he didn’t say or promise anything during the campaign.
Anything to add beside a snide comment?
Not if you continue being wrong in easy to summarize ways
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The calculation shouldn’t be “chance of things getting worse”, but “expected value of how much worse it’ll get”.
I don’t actually know anything. But casually to me it looked like a choice between 160% chance of it getting worse and a 300% chance of getting worse. And it’s not very surprising at all in these circumstances many go for the latter for all sorts of reasons (and delusions). But I don’t actually know anything.
You should probably read at least a little about Argentina’s recent history before commenting then…
- More of the same by the guy who oversaw inflation reaching 160% (100% chance of things getting worse)
- A total wild card (99.9% chance of things getting much worse)
FTFY
Oof, yeah that’s not a good choice.
Argentina could’ve just gone for a new currency again
Wouldn’t solve anything.
That’s bad math. Yes, if you put the same people in office. There’s nearly 100% chance that they will continue doing what they have been doing. Good or bad. But if you put a lunatic with a grudge against reality in office. Who is aligned, or would align himself with the people who caused the problem before. You have 150% chance that things will get worse.
What’s the previous case study?
This is a good one: https://newrepublic.com/article/159662/libertarian-walks-into-bear-book-review-free-town-project
The book is called, “A Libertarian Walks into a Bear.”
Look up Kansas Ave Oklahoma. It got so bad for them they had to cut school to 4 days per week and that was before the pandemic.
Who is John Galt? Looks like we’re about to find out.
It’s the key ideological problem with the book. Rand was right that people do not inherently owe anyone else the fruits of their labor, but wrong about who was holding the world on their shoulders. It wasn’t the handful of elite, but the masses without whom the elite would be living in caves and running from bears.
Who is John Galt? We the people are.
And yes, throughout history pretty much every authoritarian regime ultimately collapses or sends their country back decades in progress by not knowing that lesson.
Yet it never seems to actually be learned.
Lol what policies? Everyone for themselves?
New York cut their libraries so who’s the real loser?
After a century of Peronism, the current state of Argentina isn’t a case study about libertarianism. Quite the opposite.
Actually everything that’s wrong with Argentina is because of British colonialism. You haven’t read enough Foucault, clearly.
From everything I’ve heard about the election in Argentina, it was the meeting of “Anything is better than this” and “it can always get worse.” The former won, and proved the latter correct.
Argentina needs shock therapy to realize milei is a dumbass
That’s what I thought about the US and Trump, yet here we are…
We had the same in the UK with Brexit and Boris. We assumed that because everything is shit, backing people looking to do drastic changes that experts agreed was horrific was worth it. It wasn’t, and now people are even poorer…
Kirchner and croneys did soooooo much damage and noone spoke up except milei
Even if he is a moronic religious extremist, he’s still RIGHT about many things.
And the people just wanna get rid of NARCO DICTADORS OF THE LEFT KIND.
All in all, extremism isn’t good. It leads to dictators collaboration with drug lords and ruzzia/china
No, the current policies are just getting reality and practice closer together.
IRL their money was ALREADY devalued soooooo much, he didn’t do anything to change that, just adjusted it to reality.
Subsidies on imported oil is CRAZY for a bankrupt country. YOU GUYS HAVE NOT UNDERSTOOD WHAT IT’S LIKE TO HAVE DECADES OF 100% OR MORE INFLATION PER YEAR.
Perfect summary
Milei — who has been described as an anarchocapitalist — set out to reduce the government’s involvement and oversight in many aspects of Argentina’s economy, including announcing that he would privatize many state-owned companies, would decrease labor protections and remove regulations that limit the amount of agricultural and productive land that can be owned by foreign companies.
Argentina going full GOP
RIP Argentina. I don’t know the situation that led to this, but man, that sounds real, real bad for the average Argentine people.
Here’s one bit of context. Under the other candidate, the one this guy Milei ran against, who was the economic minister of the previous government, in September inflation reached 124%.
In case you were wondering why Milei won.
You also need to know the bigger history of Argentina’s last century of economic decline.
Argentina is taught as a case study in undergraduate economics courses in ‘how not to manage an economy’.
The Economist have a good video on the current crisis (Why is Argentina’s economy such a mess? ) and this one about the broader trend since the 1900s/10s.
Thank you for the information sir!
Holy yes, that’s a whole lot to unpack here. I understand the situation a bit better now. What a shitty choice for an election xd
On the plus side, I understand the Argentinean memes now that pop up then and there—their game is on point. (South American/Latin American meme culture, in general, is on top of things and much more represented among all age groups.) Kudos to them, still keeping humor alive despite the situation.
Yeah it’s a nasty choice. I legit think it was: guy who already screwed the economy (100% chance of things getting worse), guy who’s madder than a box of badgers but wants to try something different (99.9% chance of things getting worse), so let’s hope for that 0.01%.
To amplify,
I’ve been tangentially following Argentina for a couple of decades, lived there for a few months in 05. I started out really passionate about the situation there. These days , all I can do is shake my head.
Fuck around and find out. I’m so sorry for everyone who was duped by libertarians pretending they will do anything for regular people and not just the wealthy shareholders, everyone who was held back by economic sanctions in a war against ‘muh socialism’, and all those who saw the obvious coming but were dragged into it by the other rubes. This is going to suck. I hope the protests will work
Oh joy. Skyrocketing rent combined with plummeting wages.
This isn’t going to destroy their economy at all…
That’s a right wing populist figure for you.
Protests of FREE LOADING PROFITEERS, yeah.
Just wait till the bears start showing up.
Libertarians never plan for the bears.
Enjoy Reverse Wolverine, Argentina!
They are chanting against the IMF… why?, I thought…
oh…
BUENOS AIRES, Dec 9 (Reuters) - A U.S. delegation gave its support to Argentine President-elect Javier Milei over talks with the International Monetary Fund (IMF) and developing its lithium sector during a meeting in Buenos Aires on Saturday, a White House official told Reuters.
Juan Gonzalez, adviser to U.S. President Joe Biden and the National Security Council’s Western Hemisphere senior director, said the talks, a day ahead of Milei’s inauguration, were “very positive” and focused on the country’s embattled economy.
Ah yes! a moment of clarity. Carry on, then. As usual.
My conservative dad won’t stop harping on Venuzuela, I think he’s about to get a taste of his own medicine.
Yeah these were not organic. Notice that they stopped after a week
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