Buenos Aires, Argentina — Thousands took to the streets of Argentina in the past few days to protest a series of economic decrees proposed by President Javier Milei. On December 20, Milei announced sweeping deregulations to Argentina’s economy, sparking backlash from opposition members and groups representing unemployed people. Riot police were dispatched at major protest […]
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.
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.
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.
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.
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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:
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…
FTFY
Oof, yeah that’s not a good choice.
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.
Argentina could’ve just gone for a new currency again
Wouldn’t solve anything.
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.