Glam Posted Friday at 06:13 PM Posted Friday at 06:13 PM 6 minutes ago, BrokenMachine said: Extreme poverty skyrocketed under Milei and I'm yet to find why he still has defenders left. Of course when people have no left money to spend there's going to be less demand and less inflation, but all of this to the expense of the less fortunate ones. His repression over retirees is shameful too I strongly worry about the way he doesn't allow protests on the streets or how he left some sick people without medication. But what I know is that the public services in Argentina were insanely low priced before and the government had many millions depending on its welfare. Of course reverting that is going to cause poverty cause the poverty was there all along but the government kept disguising it by "helping people out" without fixing the root cause which were the insane tariffs that Argentina had (a reverse Trumpwholian experience). Not claiming Milei is doing it the right way or anything, but the Argentinian economy needed a huge shakeup that the Kirchneristas were never going to do. Free trade was imposed in Chile during the dictatorship (with many human right violations in between) but Chile has enjoyed a strong economy since then, especially considering it was a very poor country 40 years ago. Even the left in Chile has learned to increase government spending without affecting the economy too much (very much like the Democrats in the US). So to summarize, I'm against the human right violations that Pinochet did and even Milei seems to be doing to a smaller degree, but free trade is objectively better than a protectionist economy (F*** Trump).
Gottasadae Posted Friday at 07:02 PM Posted Friday at 07:02 PM Where all those pals "I voted for Trump because he's good for economy" See, when you do clownery... 1 1
BeenTheShit Posted Friday at 08:04 PM Posted Friday at 08:04 PM (edited) I had this exact thought yesterday... Corporations will raise prices and blame it on the tariffs, all while they take in record profits and give their CEO's and top executives massive bonuses. Since consumers will be forced to pay the prices, the companies will never bother to bring them back down. Edited Friday at 08:06 PM by BeenTheShit
Cyanide Posted Friday at 09:08 PM Posted Friday at 09:08 PM 1 hour ago, BeenTheShit said: I had this exact thought yesterday... Corporations will raise prices and blame it on the tariffs, all while they take in record profits and give their CEO's and top executives massive bonuses. Since consumers will be forced to pay the prices, the companies will never bother to bring them back down. Sharpen the guillotine 1
Aethereal Posted 9 hours ago Posted 9 hours ago He cut all of the aid leaving millions of people die in the third world, also half of the country voted for this ****, so own it.
piotrert Posted 8 hours ago Posted 8 hours ago happy i sold all my assets back in december sitting on cash for now
Letemtalk Posted 4 hours ago Posted 4 hours ago On 4/3/2025 at 3:53 PM, bjorn said: A -3%? Is this even newsworthy. That's a normal day on the stock market. You probably need to compare with the peak for the US500/S&P500 which was just over 6152 in February 2025, just before the Trump inauguration. https://tradingeconomics.com/united-states/stock-market Now the number is around 5074, about a 18% drop since Trump became president, with every likelihood it could drop below 5000 next week. The best explanation for this policy I have heard so far, other than the possibility that the people running the US government are just plain stupid, can be found here: https://www.youtube.com/watch?v=CrbikP8LNVY Krystal explains it all from about 17:38 or 17:45, this is all about increasing Trump's power, because any country and any company that wants a better deal, has to go though Trump and has to have something to offer him. Plus at 32:20 she spells it out in more detail: Quote "That is the power of a king, that is the power of a monarch, that is the power of a dictator. He is using the same tactical approach as... the Alien Enemies Act and other ways that he has tried to grab and consolidate power. He claims that we are at war or facing this grand crisis, and that justifies... war time power consolidation... we are not quite at martial law, but that's the sort of direction, that's the cheat code that he has been using in order to do whatever it is that he wants to do, with no input from Congress whatsoever."
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