Argentina elects "far-right" libertarian--will they turn it around?
- Thread starter BradStevens
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An incumbent president trounced by a political novice by 10 points will break the existing system
I think he will definitely have success. The only question is how much in my opinion. The current leftist/socialist policies are that bad.
Whoever comes next will more likely than not try to build on what Milei started because going back to the status quo will be unthinkable.
This sounds somewhat crazy to me. I can't say for certain it won't work, but the entire point of having your own central bank is specifically to adapt and respond to domestic policy needs based on how your country is performing, economically-speaking. Using the Dollar doesn't seem much different than pegging to the dollar, which has long caused issues for countries that needed a more free-flowing currency.
I actually disagree a bit. I think if the U.S. would have stopped putzing around with the clowns in Europe who were headed off the deep end regardless of our efforts and focusing on impossible Russo-Sino efforts, it would likely have built a much more favorable sphere of influence in LatAm.
Uruguay Reflects Latin American Drift From U.S., Turn to China
Having tried and failed to get a free-trade deal with the U.S., Uruguay is now negotiating one with Beijing amid a Chinese charm offensive, reflecting similar situations across the region.
www.wsj.com
China is spending considerable time and energy building relationships in LatAm, while the U.S. went years without caring about negotiating trade agreements with friendly countries like Uruguay.
Politicians and people in the public eye who shape opinion, etc. shouldn't use certain terms and words to demonize their political opponents. We have a documented history of those words being used in the lead up to genocide or tribal violence.
To be clear, I'm not saying that would be the end result here in the US at this time. But legitimizing it or normalizing it here is a bad idea for the U.S. in the future and for the rest of the world now.
What in particular do you disagree with? I agree with what you wrote after the bolded sentence.This sounds somewhat crazy to me. I can't say for certain it won't work, but the entire point of having your own central bank is specifically to adapt and respond to domestic policy needs based on how your country is performing, economically-speaking. Using the Dollar doesn't seem much different than pegging to the dollar, which has long caused issues for countries that needed a more free-flowing currency.
I actually disagree a bit. I think if the U.S. would have stopped putzing around with the clowns in Europe who were headed off the deep end regardless of our efforts and focusing on impossible Russo-Sino efforts, it would likely have built a much more favorable sphere of influence in LatAm.
Uruguay Reflects Latin American Drift From U.S., Turn to China
Having tried and failed to get a free-trade deal with the U.S., Uruguay is now negotiating one with Beijing amid a Chinese charm offensive, reflecting similar situations across the region.
China is spending considerable time and energy building relationships in LatAm, while the U.S. went years without caring about negotiating trade agreements with friendly countries like Uruguay.
Now I know who he reminds me of:
That our Chilean meddling was impacting our foreign policy abilities with LatAm over the past two decades.
With a dash of...
and a hint of.... oh man now he's saying they have non-negotiable sovereignty over the falkland islands. let's never forget the hatred between the brits and the argies that carried over into 1986 and diego armando maradona's hand of god
ohhhh, I hadn't heard that. I have a Scots fishing buddy who was in the Falklands when he was in 2 Para. He'll be fired up! I'll get some new cuss words out of him from this.and a hint of.... oh man now he's saying they have non-negotiable sovereignty over the falkland islands. let's never forget the hatred between the brits and the argies that carried over into 1986 and diego armando maradona's hand of god
Javier Milei: Argentina's far-right outsider wins presidential election
Ex US President Donald Trump congratulates Javier Milei, saying he will "Make Argentina Great Again".www.bbc.com
Milei is promising some major reforms such as privatization of government programs, a new currency, loosen gun laws, abolish abortion, cutting welfare payments, and replacing the country's public broadcasters.
Such radical changes are definitely possible as the checks and balances on authoritarianism in Argentina have been slowly disappearing in recent years. These changes have come about as the checks and balances, as can seen in the United States system of governing, produced a dysfunctional stalemate in the minds of the Argentinians.
Could our way of governing with the checks and balances between the three branches of the federal government face a movement toward authoritarianism as is currently being seen in Argentina ?
It already has in the form of Executive Orders (by both parties).
Who is claiming Milei is authoritarian? I’m not sure you should be posting such things as fact.
I don't think he did. I think Hoot is saying (1) Mileil might need to use authoritarian tactics to enact his agenda since it will be such a big change but (2) that might be available to him given what has happened previously.
It's an interesting point hoot. You probably know more than me about Argentine politics, but has it really been that unauthoritarian? A Kirchner has been in a position of power for quite some time, despite legal corruption charges, etc. (sounds familiar). In other words, it may be better than the 70s or 80s, but is it by much?
Secondly, to your broader parallel with the U.S., I find that it often is something that is appealing and attractive in the near-term - increased authoritarianism, despite our knowing that it is detrimental long-term for Democracy. The recent political environment has made it much more easy to focus on trying to solve for the short-term, given the governmental dysfunction of our two party system.
I assume he identifies the root issue of government spending stems from the Central Banks. As long as it exists they can print all they want and he wants to convert to the dollar to take that option away is my best guess.
GG, you are perfectly correct in challenging my claim Milei is going to take Argentina down the path of a authoritarian government.
My main point is with a weak checks and balance system as now exists in Argentina an authoritarian system could occur.
Also wanted to point out that our system of checks and balances can stifle major changes being implemented as Milei has promised.
As if it were that easy.
Argentina needed to kick the Spanish out earlier. Easier said than done. When those dudes stayed too long, you’re kinda screwed forever. You end up with fascists and communists. We got lucky.
A great thread. Milei has an opportunity to change the course of his country and hopefully world. Government monopoly on money is one of the greatest evils for humanity. I wish Milei all the luck in the world and pray he succeeds. Cheers.
More on Victoria, please.
Anyone who writes like that is bound to be embroiled in crypto fraud.
The loser on Twitter starts out praising both and immediately focuses to the guy. I mean, WTF has this world come to?
Certainly not an AOTF contributor.
I'm no expert on Argentine history, but I feel like that graph is missing some important context.
Yes, the runaway inflation was caused by the runaway printing of money to pay for the runaway debt.
The US is inching closer and closer to the same cliff.
After WW II, the US had the only intact industrial economy… the US could afford to pay for the Marshall plan.
Don’t have the same advantage this century.
Yes, I heard last night the poverty rate was 40% in Argentina … the downward trend shows the increasing poverty.
Pretty incredible chart if you are trying to convince someone of why socialism is a terrible choice.
He will be luck to be alive in 6 weeks. Why you ask.............Because Liberals don't give up power while they are alive.
The only way to refute that graph for liberals, is to "Promise" college loan debit relief while you are in office.
Every 6th grade farm kid knows when the chickens come home to roost that it ain't gonna be good if you fall for the impossible as a plan for your future. But double swear and a dem pinky swear!!!!! nope it still won't work.
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