87
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 27 Nov 2023
87 points (100.0% liked)
news
23553 readers
887 users here now
Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.
Rules:
-- PLEASE KEEP POST TITLES INFORMATIVE --
-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --
-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --
-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --
-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--
-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--
-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --
-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --
founded 4 years ago
MODERATORS
I don't know, it's like the CIA grew this guy in a lab.
Nah. Poppy Bush was a CIA creature. Obama was a CIA creature. Milei is some freakish hybrid of Birchers and Randroids. He doesn't understand how any of the machines of government keep his constituencies in a position to support him.
Gutting the Argentinian bank might be superficially awesome for the US (assuming you squint and convince yourself cheap Argentinian exports are what Americans really hunger for). But its going to completely fuck over the domestic bourgeois. You're going to have fascist riots under Milei inside two years, tops.
Between this and the rise of fascists everywhere I'm so concerned about our future as leftists.
Its not just fascists, as American officials in Bolivia and Ecuador discovered.
But there is a real struggle between the core ideas of economic reform and social revolution, wherein folks who are comfortable but nervous despair at their future while folks who are desperate and ambitious seek to navigate an inevitable change on the horizon.
Its good for domestic billionaires, because it creates an export-oriented market that rewards denuding the local economy in exchange for an internationally recognized foreign currency.
But its awful for local business owners, landlords, and political families, who are still stuck servicing the enormous foreign debts on pain of losing their domestic assets to foreign creditors. Also awful for anyone with a large stash of Argentinian Pesos, or debts denominated in Pesos, because this will only accelerate devaluation of the old currency. In the short term, Milei's proposals are going to ramp up inflation, as people try to get their hands on dollars before the state stops recognizing pesos having any value at all.