this post was submitted on 18 Dec 2024
128 points (96.4% liked)

World News

39446 readers
2915 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

Summary

Argentina’s poor are struggling under President Javier Milei’s severe austerity measures, which include deep spending cuts, subsidy eliminations, and mass layoffs.

Poverty has surged to a 20-year high, with 53% of Argentines and 18% in extreme poverty. Communities face rising food prices, job losses, and reduced social support, while pensions and public works have been heavily slashed.

Though Milei’s policies have reduced inflation and stabilized the peso, critics argue benefits favor the wealthy.

Despite widespread hardship, Milei retains significant public support, while opposition parties remain fractured and ineffective.

you are viewing a single comment's thread
view the rest of the comments
[–] pandapoo 6 points 2 weeks ago (1 children)

A long history of military dictatorships, followed by the many flavors of Peronism, is actually how Argentina managed to downgrade themselves from developed economy, to a developing one. Which is also what created the conditions that swept the current government to power.

I'm not saying the current administration is helping the situation, just that their economic policies have continued a long standing tradition of gross economic mismanagement.

[–] [email protected] 2 points 2 weeks ago

Seriously... when will people learn that letting military leaders dictate your nation is never a good idea.