anybody here actually live in Argentina?
I do, I was also a table president in the elections (which means I was in charge of my voting table) something that I did to help prevent fraud.
There are many things to address both in the posts in this thread and the article, this is a TL;DR but it's worth reading if you care:
1-
Replies in the thread: ¿Will he make the US dollar the official currency of the country?
No, he is gonna close the central bank to abolish the peso and go for a free market of currencies, you can do business with whatever you want, there won't be legal tender, he will acquire the US dollars needed for this by selling bonds that we owe to ourselves, then use that to cancel the central bank debt and buy the pesos in the street (our federal government owes money to the central bank, we are merely changing who we owe money too in exchange for money, like buying a bond) I talked about this more in depth in this post:
https://kiwifarms.net/threads/far-r...nas-presidential-primary.169759/post-16639897
Read this later, it's not as important.
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Article: "Milei's win shakes up Argentina's political landscape and economic roadmap, and could impact trade in grains, lithium and hydrocarbons. Milei has criticized China and Brazil, saying he won't deal with "communists," and favors stronger U.S. ties."
Milei never said he will stop trading with other countries, he said he won't have diplomatic ties with them anymore, which means no longer letting the Chinese establish military bases in our country for example.
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Article: "His candidacy (Massa) was hampered by the country's worst economic crisis in two decades while he has been at the helm."
A crisis that they caused, the exchange rate of the Argentinian peso with the US dollar was 60 to 1 when this government started 4 years ago and now it's 950 to 1 (and it got to 1100 to 1 just a month ago).
The article says that there is a crisis, but ignores that they themselves caused it, Massa also became the Minister of Economics a few months before running for president in order to have the power to give away as much money as he can so he can win the elections, which is too long to explain here.
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Article: "But he faces a highly fragmented Congress, with no single bloc having a majority, meaning that he will need to get backing from other factions to push through legislation.Milei's coalition also does not have any regional governors or mayors."
That is because our system allows the states to have elections at different times than the presidential elections, therefore all states did that in order to avoid Milei's votes, we vote with a paper ballot that has all the candidates of a political party and this ballot can be cut to allow you to vote for a particular political party only in one position (such as president, governor, etc.) they knew that everyone would put the entire Milei ballot in the voting envelopes if the presidential and state elections were done at the same time, it's a manipulative move, if that had not happened Milei would have the majority of government everywhere, I know this because as a table president I was in charge of counting the votes, in the primaries and the first round the majority of people put the entire ballot in the envelope (which means they vote for all the candidates in the political party), funnily enough when people cut the ballot to vote for a particular presidential candidate no one did it with Massa, almost all did it for Milei.
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Article: "Long-suffering voters are likely to have little patience, and the threat of social unrest is never far below the surface."
Only leftists riot (which is going to happen as soon as Milei is in power), we had riots during 2001 and people talk about the "social explosion" we had during those days, yet what really happened is that leftists rioted to remove who was in power at the time in order to have someone new in place, people don't loot due to not having enough money to eat, our economical situation is far worse than during 2001 yet no riots have occurred, this is because we had 16 years of Peronists in power so the same people doing the rioting are the ones in government, it makes no sense to riot, leftists always create destruction and then blame that destruction on "the system" in order to establish socialism, leftists know that if society is working perfectly then socialism has no appeal, which is why they must destroy it as much as possible in order to blame "capitalism" or some shit and propose more government as a solution to the destruction that they themselves caused, as soon as Milei gets in government leftists will start rioting, looting supermarkets and stores, they will burn shit down and a few of them will be killed, which will then be portrayed as le evil right winger destroying the country with "austerity" and the "people" rebelling against him just like it happened in Chile when the government raised the price of the subway ticket by 4 cents. (I will explain now how this "austerity" fear is bullshit).
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Article: "potentially painful reforms that resonated with voters angry at the economic malaise, but sparked fears of austerity in others."
Milei said 800 times how he is gonna cut public spending, he is gonna change the way in which government infrastructure is built so it costs much less money and there is no more corruption, the "inefficiency of public spending"(corruption) in Argentina is 7.2% of the GDP compared to 1.8% of the GDP in Chile, this means that an absurd amount of money is stolen due to the way things are done, there is also 148 taxes in Argentina yet only 10 of those collect 90% of the taxes, the rest are there for corruption purposes (give me money and you don't pay taxes).
Milei won't destroy schools or hospitals to cut government spending, he will also cut the money that the federal government sends to the states, this is because the federal government uses that money to inflate the treasury of states in which they have the majority in order to win more elections, he also wants to eliminate subsidies by changing the contracts with companies that provide services such as electricity, giving them other benefits in exchange of not raising prices so much (such as allowing them to reinvest without paying taxes, giving them longer duration contracts, etc.)
These things alone are 10% of the GDP (not of the state expenses, of the GDP). To give an example, the US government uses 9.4 trillion a year, if you cut 10% of the GDP in government expenses then that means you cut 2.54 trillion in government spending, our economy is much smaller of course, but I'm saying this to explain how much he plans on cutting without doing anything that affects me or anyone negatively.
Another point that is not part of that 10% of the GDP is selling state owned companies that lose money, these lose hundreds of millions a year (like our airlines that are filled with corrupt politically adjacent people for corruption purpose) this is a lot of money in a poor and small country like ours, and not only they lose money, but because the government acquired them in shady ways (by force and not paying what they were truly valued at) we lost international trials in which we have to pay billions, around 14 billion in our oil company called YPF that was acquired in 2012.
In summary:
-Milei is gonna cut expenses by preventing government corruption with infrastructure spending.
-He is gonna take away subsidies by changing contracts so the prices don't rise.
-He is gonna take away money the federal government sends to states that are part of the same political party as the president.
-He will sell state owned companies that lose money.
-None of this affects anyone in a negative way unless you are a politician or politically adjacent person.
This article is pure shit, thanks for reading and as Javier says "viva la libertad carajo!"
