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Inflation in Argentina is exploding
| https://youtu.be/kMniCOAHa7E
This video explains the issues pretty well. Way too much spending.
| Fuck, this is scary. Hopefully my country isn't the next one. On the positive side of things... Cheaper holidays for me I guess.
| >>395365
Sounds pretty much like neoliberal revisionism. I also wonder how they could ignore the falkland crisis in this video?
Also the statement that Argentina once belonged to the richest countries says nothing about if this richness was fairly distributed among the people who live there. If I suddenly own 100 billion of Dollars, my country would statistically be rich too. But for all other people than me it wouldn't make a difference.
| >>395465 Even if you owned a lot the population would proportionally own more due to a better functioning economy. If you look at wealth graphs you can easily see the corelation between economical growth and wealth growth. A good economy relies on the wealth growth of the poor which will also lead to a higher growth for the richest. This is something missing from present Argentina.
| >>395478
A correlation is not necessarily a causal relation. And economy is no mysterious voodoo miracle, it's man made. Logically rich peoples wealth growth is not causal connected to poor peoples wealth growth. There is no proof but the questionable statistics from researchers who are on the capitalists paylist and hang around on their coctail parties.
| >>395478
Ayn Rand-admirer Alan Greenspan admits he was wrong about deregulation - https://www.youtube.com/watch?v=zsEOqJhe8cQ
| Newsflash: Economic mismanagement is bipartisan.
| And it doesn't seem to stop, but we kinda been in this kind of situation before I'm sure we can figure out a solution, I'm not stupid tho 2001 wasn't a nice year so I guess I'll start finding a job before my family have to sell our house or something
| How much is a pint of milk?
| What's a pint?
The litre its like 20 if I remember correctly tho I live in like the province with most farms of Argentina so I think it gonna be way pricier in other places like the capital, According to Google milk it's like 25 on average in the whole country.
20 pesos=0.50 dollars
25 pesos=0.65 dollars
| That's great by American or European standards, but how much do most folks down where you are have to live on?
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| The (neo)liberal-conservative government in Argentina is about giving the world the proof that inflation and economic crisis in latin-america is not limited to (supposed) socialist governments. The value of the argentinian currency, the Peso, is falling continuously with an alarming acceleration. Officially the inflation rate is just about 35%, but this information from the government is massively suspected, meanwhile not only by the local people but also by the global market.