In Argentina, President Javier Milei has screwed the economy up so badly he needs a $20 billion bailout. That’s because his “free market” economics don’t actually work.

In Argentina, President Javier Milei has screwed the economy up so badly he needs a $20 billion bailout. That’s because his “free market” economics don’t actually work.

  • AmidFuror@fedia.io
    328·
    3 days ago

    When socialists ruin Latin American economies, we blame the US and World Bank for undermining them. The reality is that pragmatic approaches are good for economies and populist approaches wreak havoc.

    The worst part of the Trump Era is that we’ll finally oust him by putting in a populist from the other end of the spectrum and suffer from another pendulum swing.

    • verdi@feddit.orgEnglish
      133·
      3 days ago

      You’re going to be at the Ryad comedy festival next year. Kudos, keep it up and you’ll be the goat.

    • Buffalox@lemmy.worldEnglish
      92·
      3 days ago

      The other end of the spectrum isn’t really present in USA, the most left wing that is popular is Social Democrat, and that’s actually quite moderate, and is 100% about regulated but free markets, and works on a balance between economy and protecting workers.

      Balance is not extreme opposed to the extreme capitalism Republicans represent, on the contrary it is extremely sensible unless you are a complete sociopath.
      The social democratic model is very successful in the Scandinavian countries. That have good economies, higher freedom ratings than USA, and way way happier populations.

      For instance somehow people aren’t angry about having free healthcare and education and 5 week holidays, and being able to live on a minimum salary!

    • Peruvian_Skies@sh.itjust.worksEnglish
      83·
      3 days ago

      If you think that the worst part of the Trump era will be when it ends, your opinions don’t matter. Not on any topic at all. Every single one of your opinions is worthless.