these measures have also pushed up unemployment and the poverty rate
Hard to believe this is going to be good for Argentina when the people can’t afford even to live. Seems like he’s just giving the country away to business.
That’s essentially the case. His changes, other than the austerity related ones, were intended to make Argentinian goods more competitive (cheaper) globally while actively hurting the purchasing power of Argentinians. If it “works,” it’ll mean inflation slows, and they hope the business profits will trickle down while businesses capture the government, income inequality increases, and businesses and billionaires accumulate more of Argentina’s wealth.
Hard to believe this is going to be good for Argentina when the people can’t afford even to live. Seems like he’s just giving the country away to business.
That’s essentially the case. His changes, other than the austerity related ones, were intended to make Argentinian goods more competitive (cheaper) globally while actively hurting the purchasing power of Argentinians. If it “works,” it’ll mean inflation slows, and they hope the business profits will trickle down while businesses capture the government, income inequality increases, and businesses and billionaires accumulate more of Argentina’s wealth.
Sounds like a libertarian paradise. Be extremely comfortable as long as you’re part of a certain 5% of the population.
Guess what Trump’s plan is