Argentina poverty rate soars to nearly 53% in first half of 2024

[Harpy Eagle]

https://www.reuters.com/world/americas/mileis-austerity-seen-pushing-half-argentina-into-poverty-2024-09-26/

Argentina's poverty rate soared to almost 53% in the first half of the year, official data released on Thursday showed, the first hard evidence of the painful impact of libertarian President Javier Milei's tough austerity measures.

That marked a steep jump from 41.7% at the end of last year and more than double the 26% just seven years ago, underscoring the severe cost to regular Argentines of repeated economic crises that have hammered the South American nation.


Milei's popularity is starting to fade in the country. Will be interesting to see how far the people are willing to let him go.

https://www.reuters.com/world/americas/argentinas-milei-sees-gravity-defying-poll-numbers-start-fall-2024-09-24/

 

[shockedcanadian]

https://www.reuters.com/world/americas/mileis-austerity-seen-pushing-half-argentina-into-poverty-2024-09-26/

Argentina's poverty rate soared to almost 53% in the first half of the year, official data released on Thursday showed, the first hard evidence of the painful impact of libertarian President Javier Milei's tough austerity measures.

That marked a steep jump from 41.7% at the end of last year and more than double the 26% just seven years ago, underscoring the severe cost to regular Argentines of repeated economic crises that have hammered the South American nation.


Milei's popularity is starting to fade in the country. Will be interesting to see how far the people are willing to let him go.

https://www.reuters.com/world/americas/argentinas-milei-sees-gravity-defying-poll-numbers-start-fall-2024-09-24/

I don't know the details. However, there was always going to be bumps on the road when you stop spending ridiculously on government and try to settle a massively inflating dollar, there is going to be a transition.

Once inflation decreases and private sectors improves, poverty will decrease.

 

[TNHarley]

I would think there would be a bit of a downturn from all of his policies.
I wish him luck.

 

[1srelluc]

Real economic change often requires a period of pain.

We could use some of that austerity here.

Hell, the EBT crowd could live off their fat reserves for months.

 

[JGalt]

https://www.reuters.com/world/americas/mileis-austerity-seen-pushing-half-argentina-into-poverty-2024-09-26/

Argentina's poverty rate soared to almost 53% in the first half of the year, official data released on Thursday showed, the first hard evidence of the painful impact of libertarian President Javier Milei's tough austerity measures.

That marked a steep jump from 41.7% at the end of last year and more than double the 26% just seven years ago, underscoring the severe cost to regular Argentines of repeated economic crises that have hammered the South American nation.


Milei's popularity is starting to fade in the country. Will be interesting to see how far the people are willing to let him go.

https://www.reuters.com/world/americas/argentinas-milei-sees-gravity-defying-poll-numbers-start-fall-2024-09-24/

And Venezuela's poverty rate is 82%.

https://www.ohchr.org/en/press-rele...calls-human-rights-not-charity-end-hunger-and

Was this an attempt to prove right-wing nationalist countries are worse off than left-wing socialist countries?

What's your point? There are a lot of countries in South America who have high poverty rates.

Poorest Countries in South America 2024

 

[Harpy Eagle]

And Venezuela's poverty rate is 82%.

https://www.ohchr.org/en/press-rele...calls-human-rights-not-charity-end-hunger-and

Was this an attempt to prove right-wing nationalist countries are worse off than left-wing socialist countries?

What's your point?

No, this was an attempt to talk about news outside of the US. There is a big world out there and most people tie every single story to the US and our politics. I try to avoid that, but most of you will not allow it to happen.

But you do bring up a good question, will the people of either of the countries decide "enough is enough". The people of Venezuela already voted out their leader, though he just ignored the results.

 

[martybegan]

No, this was an attempt to talk about news outside of the US. There is a big world out there and most people tie every single story to the US and our politics. I try to avoid that, but most of you will not allow it to happen.

But you do bring up a good question, will the people of either of the countries decide "enough is enough". The people of Venezuela already voted out their leader, though he just ignored the results.

That's the problem with socialists, you can vote them in, but you often can't vote them out.

 

[Harpy Eagle]

That's the problem with socialists, you can vote them in, but you often can't vote them out.

Argentina did

 

[martybegan]

Argentina did

I did qualify my response with "often"

 

[theHawk]

https://www.reuters.com/world/americas/mileis-austerity-seen-pushing-half-argentina-into-poverty-2024-09-26/

Argentina's poverty rate soared to almost 53% in the first half of the year, official data released on Thursday showed, the first hard evidence of the painful impact of libertarian President Javier Milei's tough austerity measures.

That marked a steep jump from 41.7% at the end of last year and more than double the 26% just seven years ago, underscoring the severe cost to regular Argentines of repeated economic crises that have hammered the South American nation.


Milei's popularity is starting to fade in the country. Will be interesting to see how far the people are willing to let him go.

https://www.reuters.com/world/americas/argentinas-milei-sees-gravity-defying-poll-numbers-start-fall-2024-09-24/

That’s because socialism destroyed that country. It will take a long while to build it back up.


Same thing is probably going to happen here. We are $35 trillion in debt. We are funding an entire foreign government (Ukraine), and paying for tens of millions of foreigners in our own country. It’s unsustainable and the bow will break, regardless of who wins the election.

The important this is for the nation to learn that socialism is a failure and all it does is destroy nations.