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matt ðŸ’
@matthewmorek
the market naturally solves real world problems. just need to give it time and kick out the socialists https://reason.com/2024/09/26/rents-fall-and-listings-increase-after-javier-milei-ends-rent-control-in-argentina/
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llamafacts
@llamafacts.eth
Here's the other side of the story https://edition.cnn.com/2024/09/27/business/argentina-poverty-rate-increase-50-percent/index.html maybe this is the reason?
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matt ðŸ’
@matthewmorek
transition phase is always the worst. want proof? look at Poland after switching to being a republic with a capitalist economic system in 1990. someone posted recently how well the country is doing 35 years after kicking commies out. long term game my friend, long term
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llamafacts
@llamafacts.eth
Yeah because Argentina was communist before Milei 🤣🤣🤣
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llamafacts
@llamafacts.eth
Btw it's good that you mention Poland. Its social spending is around 22% of its GDP while Argentina's was close to 15% as of 2021. Latin America's problem is not political ideology. Reducing the problem to "Milei and ultra far right is good, everything else is bad" is far from being constructive or useful. Latam's problem is corruption. With the exception of Cuba and Venezuela. Latam hasn't had any extreme far left or right government, and still we're all poor. And will be poor until somehow we stop corruption/lobbying (lobbying = legal corruption).
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matt ðŸ’
@matthewmorek
Poland has a problem with social policies at the moment, and it’s quickly hitting the economic brakes this year. Coincidentally, it currently has the most socialist gov in the last decade. Time will tell if it’s any good, but it doesn’t look good. Politics steer economics. I wish it was the other way around but it’s not. Milei has a long way to victory in Argentina, and there are people all over the world rooting for the country’s turnaround. It’s not as black and white, it takes time and there are always people on either side of the spectrum who end up being corrupt. However reducing (not eliminating) social spending should lead to reduced taxes and smaller government, meaning people retain more of what they earn, ergo better life.
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