politics

Argentina’s poverty rate fell sharply in the second half of 2024, according to new government data, in a further boost to President Javier Milei’s radical economic agenda.

The share of Argentines living below the poverty line fell from 53% in the first six months of 2024 to 38% in the second half, driven by a sharp drop in inflation.

Milei has deployed “shock therapy” — including deep cuts to government spending and devaluing the peso — since taking office in late 2023, measures which helped to tame inflation but sent poverty rates soaring. The falling poverty figures are the latest sign that his policies are reaping rewards, but challenges remain, analysts cautioned.

https://www.semafor.com/article/04/01/2025/argentina-poverty-rate-falls-in-boost-to-milei

Wait a minute everyone has always told me the poor will suffer needlessly if we take a radical free market approach to the economy.....

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Only in heterogenous societies. Argentinians collectively chose this by 11% in their election.