Posted on 12/11/2023 11:14:28 AM PST by Red Badger
For the first time in decades, Argentina is no longer ruled by socialists. Libertarian-leaning President Javier Milei was officially sworn in on Sunday, marking a major turning point in the country's battle against hyperinflation and economic decline.
In November, Argentina reached 183 percent inflation for 2023, impoverishing around 40 percent of the country, a reality that helped sweep Milei into power. Now, he's taking action, with his first move in office being an executive order that slashes the number of government ministries from 21 to nine. Among those put on the chopping block was the ministry of "women, genders, and diversity," a move he recently telegraphed in his criticisms of "social justice."
It didn't take long for the hand-wringing to begin in the press. PBS News published an article dripping with sanctimony, claiming that Milei's ideas are "outlandish" and "radical." What makes that so ironic is that the very same article admits that Argentina is in dire straits.
South America's second largest economy is suffering 143 percent annual inflation, the currency has plunged and four in 10 Argentines are impoverished. The nation has a yawning fiscal deficit, a trade deficit of $43 billion, plus a daunting $45 billion debt to the International Monetary Fund, with $10.6 billion due to the multilateral and private creditors by April.
(...)
Argentines disillusioned with the economic status quo proved receptive to an outsider's outlandish ideas to remedy their woes and transform the nation.
Let's play this out. Argentina is in the midst of an economic collapse in which its central bank has inflated the currency by triple digits in the last year, and the nation still has no money to pay its international debts. Yet, it's "outlandish" to cut spending and try to tame inflation?
I'd be curious if PBS News ever described the former socialist regime's policies as "outlandish" as they destroyed Argentina's economy and sent nearly half of its residents into poverty. Somehow, I doubt they did.
Still, there are signs that Milei has not given up his radical plans to dismantle the state. Already he has said he will eliminate multiple ministries, including those of culture, environment, women, and science and technology. He wants to meld the ministries of social development, labor and education together under a single ministry of human capital.
Is it radical to "dismantle" a state apparatus that has completely failed the people it is meant to represent? I'd suggest that's the farthest thing from radical. Rather, it strikes me as common sense. What would be radical is continuing to do what brought Argentina to the brink of collapse (and perhaps past it).
Still, Milei will face opposition. Aside from the press, his moves are triggering the unions as well.
Still, he is likely to encounter fierce opposition from the Peronist movement's lawmakers and the unions it controls, whose members have said they refuse to lose wages.
That sounds familiar, doesn't it? Argentina's economy has been driven off a cliff, and the very people who did the driving want to make sure they suffer no consequences. It's going to be a tough haul, and Milei may yet fail simply because of the structural barriers holding necessary change, but I hope he does everything he can to bust the union cartels up.
Argentines have a choice. They can let Milei do the hard work and return their nation to prominence in the long term, or they can turn tail and run back to the socialists the moment things get difficult. Hopefully, they are smart enough to do the former.
Sadly, the banksters will have him assassinated if he follows through on his promise of getting rid of the central bank.
JFK made that mistake with the EO in June of 1963 regarding silver certificates.
Why does this sound familiar?
Argentines have a choice. They can let Milei do the hard work and return their nation to prominence in the long term, or they can turn tail and run back to the socialists the moment things get difficult.
What is the purpose of a test?
IMF again. It needs to be burned out.
Triggered quick
Video Former Argentinian Vice President Cristina Kirchner flipped off supporters of incoming President Javier Milei as she exits office
https://rumble.com/v40lniy-former-argentinian-vice-president-cristina-kirchner-flipped-off-supporters-.html
Placing any bets on how long it will take him to be assassinated?
He has climbed on to the climate change wagon after saying he wouldn’t
Six months, tops.....................
Makes one wonder that kind of crisis the CIA will engineer for their country. This experiment cannot be allowed (by the WEF crowd) to succeed.
Trump is doing the same here in the US. Actually, it's a work in progress, started by moving the "fed" to be under the US Treasury, around 2018.
Why are taxpayers supporting PBS?
that long? I wish him luck, he’s going to need it
Downton Abbey? 🤔😂
‘They’ wanted to whack JFK way before June of ‘63.
This story is not over yet. Hope it has a happy ending.
I thought his first move was to cave in to environmental wachos.
The changes he makes will be painful. But the choice is between letting the cancer kill the patient, or inflicting great pain in surgically removing the cancer, but in the long run save the patient.
He’s doing the latter.
“...members have said they refuse to lose wages....”
Somebody down there needs a haircut.....
143% INFLATION and they don’t want to ‘lose wages’?...............
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