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

[Harpy Eagle]

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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.

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[shockedcanadian]

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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.

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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]

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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.

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www.reuters.com

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]

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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.

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www.reuters.com

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.

 

[Synthaholic]

This is the epic failure that fools like kaz want to bring to America.

Been a libertarian since the mid 90s, Sport.

 

[Votto]

When America declared independence, they cut from them the protections and money from the British Crown. In fact, the Boston Tea Party itself was not overpaying higher taxes. No, the Boston Tea party was conducted to protest the British corporation East Indies Company from having a monopoly on tea. The price of tea actually went down with their monopoly. However, the majority of Americans back then were not revolutionaries. It was led by about 30% of the population. Most just wanted to be left alone.

Conservative commentator Dennis Prager once made the claim that people don't really care about freedom. Instead, the vast majority just want to be taken care of. I think that is why Americans today seem to vote for people that don't care about individual rights. We saw this with Covid as the government stepped in to censor all media and take away the right to assemble and practice their faith at their local church or religious center. People just wanted to be "safe" and cared nothing about the government trampling over their first amendment rights. In fact, today, half of Americans favor the government in the US censoring all free speech.

The New Censors: Poll Shows Almost Half of Americans Favor the Government Censoring “Misinformation”

We recently discussed the rise of a generation of censors as young people embrace the role of government and corporate censorship. The erosion of free speech rights is manifest in a chilling poll …

jonathanturley.org

Although this OP is not about America, it shows human nature. Could the US have broken away from the teet of the British Crown on the majority vote alone, knowing the hardships they would have encountered had they done so?

I say the answer is no. It took a minority of Americans to drag the rest of the country kicking and screaming towards freedom from the British crown. They then had to make their own currency, create their own economy and military etc., and it was hard as hell.

That is why today, most Americans seem only concerned about their right to take illicit drugs or have an abortion. It is also why Leftist ideology hinges on majority rule.

 

[Meathead]

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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.

Loading…

www.reuters.com

A doctor will tell you there will be pain after surgery if you're too stupid to figure it out by yourself. The point of surgery is to improve or extend the life of a patient. There is no difference here.

 

[Harpy Eagle]

A doctor will tell you there will be pain after surgery if you're too stupid to figure it out by yourself. The point of surgery is to improve or extend the life of a patient. There is no difference here.

Yeah, there is a difference here.

How much pain are the people willing to put up with...

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[Meathead]

Yeah, there is a difference here.

How much pain are the people willing to put up with...

https://www.reuters.com/world/ameri...os-food-emergency-takes-hold-2024-10-01/[/URL

The question is how much pain their children are willing to put up with. They will eventually pay very much like their parents are paying today.

Socialism is a contagious cancer.

 

[Tommy Tainant]

Yeah, there is a difference here.

How much pain are the people willing to put up with...

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Hes a crazy fucker. Austerity failed in the UK. We are still paying for it.
He will invade the falklands next to deflect attention.

 

[Deadstick]

This is what happens when people elect a Clown.

 

[Deadstick]

Hes a crazy fucker. Austerity failed in the UK. We are still paying for it.
He will invade the falklands next to deflect attention.

Well some people never learn and never will, this guy is the same sort of Clown as Bozo Johnson and Zelensky.

 

[Tommy Tainant]

Well some people never learn and never will, this guy is the same sort of Clown as Bozo Johnson and Zelensky.

Ive never voted for anyone carrying a chain saw.