r/Capitalism • u/According-Salt2743 • 4d ago
I am from Argentina: here's how my life has changed since Javier Milei took office.
The day of the election
I really thought that Javier Milei was going to win, but when it actually happened, it was unbelievable. It was a mix of feelings: I was happy, then I was worried because hyperinflation was coming and if it happened, Javier Milei was going to be kicked out of office and libertarianism would NEVER EVER be seen again in Latin America. But that madafucker shut my mouth and it never happened. I’m really happy about it (after all, I’m poor and if hyperinflation had hit, I would’ve had to do some crazy shit to eat).
First three months:
It was hard, but necessary, obviously. For example, he cut subsidies to transportation, and prices skyrocketed. So I had to quit the gym because it was in another town and I depended on public transport. Besides that, living with 25% monthly inflation was CRAZY. Clearly, it wasn’t his fault, but I’m just narrating what actually happened.
Six months:
WTF, I NEVER THOUGHT THIS GUY WAS GOING TO PULL OFF THIS SHIT. He went all out: inflation went down from 25% to 4.2%, then the country risk dropped from 3000 to 1000. He ACTUALLY fired 30,000 public employees who really, but REALLY, did nothing and didn’t even go to work... With just 15% of Congress and 10% of the Senate (in terms of representation of his party), he was able to pass the biggest reform in Argentina’s history. That reform included a regime to encourage massive private investment, with tax reductions, legal certainty, and a lot of other things. Literally a month after that reform, a bunch of big companies started announcing huge investments in the country.
One year in:
According to the newest data, Argentina’s poverty went down from 57% to 38.9%. Apart from that, inflation is now 2.4%. He has cut two major taxes and is planning to cut even more. He says he wants Argentina to be the freest country in the world, and he’s actually going down that path. I’m so happy, guys. I’ve been writing a book this year talking in depth about how Milei won, what Argentina was like a year before Milei, how it is now, and how you can replicate this in your own country. It would be a pleasure if you want to buy it, here it is: https://www.amazon.com/dp/B0DRDHN5SJ
29
u/bry2k200 3d ago
Amazing, I couldn't be happier for yourself and your fellow countrymen. A living Martyr.
10
19
u/Hugepepino 3d ago
Yall understand he told you what you wanted to hear and then tried to sell you a book? The account is 8 days old this is clearly bullshit
11
u/astrojump 4d ago
I’m not from Argentina, so OP you know better than me. Was wondering what your response is on this article LINK
-9
u/jmukes97 3d ago
He’s not going to respond. When the rich succeed the poor suffer
https://amp.theguardian.com/world/2024/dec/18/argentina-javier-milei-chainsaw-measures
3
u/AmputatorBot 3d ago
It looks like you shared an AMP link. These should load faster, but AMP is controversial because of concerns over privacy and the Open Web.
Maybe check out the canonical page instead: https://www.theguardian.com/world/2024/dec/18/argentina-javier-milei-chainsaw-measures
I'm a bot | Why & About | Summon: u/AmputatorBot
2
u/4look4rd 2d ago
Argentina has very cheap property and it’s desperate for USD, might be a good time to buy up some property there. Hope for the best, South America needs strong economies.
6
68
u/nishinoran 4d ago
Perfect for this sub 🤣