Argentina - new president

roman totale said:
This bloke is going to be assassinated by Easter. Book it.
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By all accounts he seems to have moderated his tone and approach in recent weeks. Probably because he realises he doesn’t have the political bandwidth in Congress to actually get anything done by himself.

That said, I remember people saying the same about Trump in 2016 after his inauguration and we all know how that turned out…
 
SkyBlueFlux said:
By all accounts he seems to have moderated his tone and approach in recent weeks. Probably because he realises he doesn’t have the political bandwidth in Congress to actually get anything done by himself.

That said, I remember people saying the same about Trump in 2016 after his inauguration and we all know how that turned out…
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who uses Congress ? That shit is so last year

 
Well his "shock therapy" is keeping investors and paymasters happy - he has achieved the first budget surplus in over a decade.

But at what cost? Poverty rates are up to 57% having hovered between 30-40% for a long time. That's one in five extra people now submerged under the poverty line.

Will cutting the entire government to ribbons create a surplus? Of course. How could it not? The key question is what happens to the country as a result of those cuts.

This is what distinguishes Milei from other authoritarian leaders. He is actually making radical changes because he is driven by his radicalism, not just occupying the top of the pile and admiring his reflection.

 
SkyBlueFlux said:
Will cutting the entire government to ribbons create a surplus? Of course. How could it not? The key question is what happens to the country as a result of those cuts.
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Am no economist (and therefore happy to be corrected) but this sounds to me a bit like when a new CEO cuts overheads by reducing staff and paring things down to the bone. The company then looks profitable and shareholders are satisfied but a few years further down the road it hits the buffers because the aforementioned principle of shareholder maximization value means that the firm has not invested in its own future and there are no more cost savings to be made.
 
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