Argentina Thread : Milei wants NATO security cooperation

4bars said:
First macro indicators:

Argentina devaluated argentinian peso and cut some expenses

70% of expenses cuts are:

- 38% on pensions
- 27% on public salaries
- 64% on public subsidies
- 86% on public infrastructures

Due to the devaluation of the argentinan peso:

- +9.6% export growth
- -14.3% import decrease

What it means a good commercial balance

This combination of factors has supposed the first surplus on the public treasury since 2012 by 2 billion euros that after paying interest debt ended with 500 million euros

the counterpart? poverty jumped from 49.50% to 57.4%

Is that a 1 step backwards to jump 2 forward? or a recipe for a disaster?
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The economy gets better, the people get worse.
 
maniak said:
The economy gets better, the people get worse.
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I dont have much hope for anarchocapitalism. An experiment that will be interesting to see but im afraid many will suffer

The fear i have is that worldwide assholes with economic influence might prop up argentina experiment to see "it works!" And feck us all over with the new idea
 
Carolina Red said:
He knows NATO doesn’t cover the South Atlantic, right?
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McCain, in his later years, wanted to convert the alliance from north atlantic to one of democratic nations to include the likes of Japan, S. Korea, Australia and so on. Will be interesting to see how this unfolds.
 
Raoul said:
McCain, in his later years, wanted to convert the alliance from north atlantic to one of democratic nations to include the likes of Japan, S. Korea, Australia and so on. Will be interesting to see how this unfolds.
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There are obvious reasons for bringing those indo-pacific nations officially into the alliance. They pretty much are anyway.

No benefit to NATO from Argentina joining. Detrimental if anything for the stability of the alliance.
 
Nato excludes defence of its members' overseas territories that fall South of the Tropic of Cancer so Argentina definitely isn't happening.

I'd think there might be a few vetos anyway should they really try to join.
 
A bit of clarity - They're simply asking to obtain "global partner" status, which would allow them greater ability to participate in security cooperation exercises. Its basically little more than a way for the Argentinian military to level up by participating in NATO exercises.
 
Raoul said:
A bit of clarity - They're simply asking to obtain "global partner" status, which would allow them greater ability to participate in security cooperation exercises. Its basically little more than a way for the Argentinian military to level up by participating in NATO exercises.
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It has to be this, right?
Revan said:
The request was to become a global partner (similar to Australia, Japan, South Korea), right?
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Aren’t anarcho capitalists against collective action????

It is wild that Argentina nominated a guy who could be a character from Fallout New Vegas.
 
Sweet Square said:
Aren’t anarcho capitalists against collective action????

It is wild that Argentina nominated a guy who could be a character from Fallout New Vegas.
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He also looks like Michael Fabricant's darker alter ego.
 
4bars said:
Paywall. But for the title, seems like poor losing money while rich getting richer. Nothing new
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It's about Milei's austerity measures following years of Peronist-esque policies. Short term was always gonna be rough but Milei gambles on pulling Argentina out of its economic troubles through these hard measures. It remains to be seen.
 
VorZakone said:
It's about Milei's austerity measures following years of Peronist-esque policies. Short term was always gonna be rough but Milei gambles on pulling Argentina out of its economic troubles through these hard measures. It remains to be seen.
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Oh I know his measures. slashing through the public sector, deprecation to boost the exports and slow the imports, deregulation and more neo-liberalism. These are hard measures indeed, but for poorest segment of the population.

Menem already tried something similar 3 decades ago and fixed the problems momentarily to make them worse ending with "el corralito", the worst economic crisis of the last 50 years in Argentina

I understand the desperation of Argentinians though, they can have a break, and they had been stolen left and right. And as the saying goes, if you keep trying the same expecting different results, you are crazy. But I don't know how they will have it with this anarcho capitalist that got as Finance minister the same minister than 5 years ago, so the one that was in charge of the Argentinian economy. Why he will do better if argentina is in this situation partially because of him?

As you said it remains to be seen, but I have little hopes
 
Spain rejects Argentinian claim its PM is causing ‘poverty and death’

Spain has denounced comments by Argentina’s presidency that accused the Spanish government of bringing “poverty and death” to its own people. The office of the Argentinian president, Javier Milei, had published a statement on X, accusing the prime minister, Pedro Sánchez, of damaging Spain’s economy and stability.

The post appears to have been in reaction to earlier comments from the Spanish transport minister, Óscar Puente, who had suggested, during a panel discussion in Salamanca on Friday, that Milei had ingested “substances” during last year’s election campaign.
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https://www.theguardian.com/world/a...vier-milei-claim-pm-causing-poverty-and-death
 
VorZakone said:
Spain rejects Argentinian claim its PM is causing ‘poverty and death’


https://www.theguardian.com/world/a...vier-milei-claim-pm-causing-poverty-and-death
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Not a big fan of the current spanish PM. But is the best realistic option that the bipartidism system has to offer currently and is ideologically opposite to argentinia.

Meanwhile i dont know what Milei is on about when spain is beating year after year the economic forecasts and has one of the biggest growth in the EU and by far the biggest of the big sized populations and economies for the last 2 years
 
I just can't get over the sideburns. I know almost nothing about Argentinian politics or their situation (other than that he is another proponent of the populist right), but what the feck is wrong with these sideburns.
 
KirkDuyt said:
I just can't get over the sideburns. I know almost nothing about Argentinian politics or their situation (other than that he is another proponent of the populist right), but what the feck is wrong with these sideburns.
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Is a moustache "a la fascio" but he is so extremist that it retracted to the sides. jokes aside, if you would understand spanish and you would hear him talk, sideburns would be the least of your WTFs
 
4bars said:
Actually very interesting. In Spain there is this debate if rental prices should be controlled, which I thought it would be beneficial. Seems it might not be in the long run?
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From what I've read, the single best way is just to build more housing (increase supply). Policies like rent control might be a bandaid for a while but economists aren't universally warm to the idea of rent control.

Rent controls are a textbook example of a well-intentioned policy that does not work. They deter the supply of good-quality rental housing. With rents capped, building new homes becomes less profitable. Even maintaining existing properties is discouraged because landlords see no return for their investment.

Renters stay put in crumbling properties because controls often reset when tenants change. Who occupies housing ends up bearing little relation to who can make best use of it (ie, workers well-suited to local job opportunities). The mismatch reduces economy-wide productivity. The longer a tenant stays put, the bigger the disparity between the market rent and his payments, sharpening the incentive not to move.
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https://archive.ph/lgzKo#selection-1075.0-1075.721
 
But let's be clear, it's not that black and white either. It's more a game of incentives. And you could perhaps mix up some policies. Maybe rent control on existing rental housing while encouraging the supply of new housing. One could also maybe tackle the buying up of rental homes by investing firms.
 
Free market is up and by far the best market for renting. Rent control isnt a bandaid, its a discouragement. The fewer policies the better.
 
VorZakone said:
But let's be clear, it's not that black and white either. It's more a game of incentives. And you could perhaps mix up some policies.
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Something was probably not well-calibrated if a change in rent control immediately results in a huge influx of properties entering the rental market. That or the article is misleading, which hey, it's the WSJ.
 
VorZakone said:
But let's be clear, it's not that black and white either. It's more a game of incentives. And you could perhaps mix up some policies. Maybe rent control on existing rental housing while encouraging the supply of new housing. One could also maybe tackle the buying up of rental homes by investing firms.
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I absolutely agree on that is a band aid because as you mentioned, the problem is the supply. But it I understand why it doesn't work because we are approaching housing as an investment and not like a right of having a roof over your head

As you mentioned, the top priority would be tackling multiproperty, specially as you point out, investing firms that after 2008, they had been pouring billions and billions in the housing market. Why an entity, firm or individual would need more than 2-3 properties? to make money of it and basically back to capitalism.

Free market is all nice and dandy, but as no one in Europe would discuss a private free market on health care or judiciary system, I don't know how something so basic for security of living like housing has to be left to the free market.
 
PSV said:
Free market is up and by far the best market for renting. Rent control isnt a bandaid, its a discouragement. The fewer policies the better.
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For all renting? or also AirBnBing? because gentrification is a big problem. I understand partially why it is happening what is happening in Argentina, but many people are priced for the free market also
 
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