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Argentina's poverty rate soars past 50% under Javier Milei (www.dw.com)

submitted 2 weeks ago by MicroWave@lemmy.world to c/world@lemmy.world

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Staunch libertarian Javier Milei has implemented a range of austerity measures since taking office. His government blamed previous administrations for the dire economic situation.

The poverty rate in Argentina reached 52.9% during the first six months of Javier Milei’s government, the national statistics agency reported on Thursday.

It marks the highest poverty rate since 2003, and a 11.2% increase compared to the second half of 2023.

The number of people living in extreme poverty grew by 3 million during the first half of 2024, according to the report.

The statistics agency calculates poverty by comparing household income with the cost of a basic basket of goods, which amounts to around $240 (€215).

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[-] CaptainKickass@lemmy.world 124 points 2 weeks ago

And no one could have predicted this! 🤣

[-] MummifiedClient5000@feddit.dk 47 points 2 weeks ago

Doesn't he have pets with psychic powers? Why didn't they bark anything?

[-] joostjakob@lemmy.world 7 points 2 weeks ago

Didn't he basically campaign with this?

[-] celsiustimeline@lemmy.dbzer0.com 71 points 2 weeks ago

Raving Lunatic Tanks National Economy. Experts quoted as saying "there's absolutely no way anyone could have predicted this!"

[+] olympicyes@lemmy.world -14 points 2 weeks ago

He might be a lunatic but their economy has been tanked for a long time. They really didn’t have much to lose by giving him a shot. Businesses need to thrive in order to pay for the social safety net that Argentina wants so they need to get the balance right. Inflation was 300% in April and they say they expect it to be down to 122% by the end of the year. It’s a terrible situation they are in. Him being elected wasn’t because he gaslighted people into thinking an improving was bad so he can’t be directly compared to Trump or people like Nigel Farage.

[-] michaelmrose@lemmy.world 31 points 2 weeks ago

That isn't how any of this works. My health has been bad for years I don't have much to lose by putting live squirrels up my ass and setting my hair on fire! See how fucking stupid that sounds? When circumstances are especially bad there is more not less need for wise leadership.

[-] BestBouclettes@jlai.lu 14 points 2 weeks ago

Turns out they had a lot to lose. Who could've seen this coming? I can understand the despair of Argentinians but that was just accelerationism.

[-] xc2215x@lemmy.world 67 points 2 weeks ago

A very brutal rate. Sad to see for the Argentinian people.

[-] chemicalwonka@discuss.tchncs.de 37 points 2 weeks ago

Tales of Ancapstan

[-] sirboozebum@lemmy.world 6 points 2 weeks ago

Libertarianism is a hell of a drug.

[-] _haha_oh_wow_@sh.itjust.works 24 points 2 weeks ago

What else did they think he was going to do with that chainsaw?

[-] ours@lemmy.world 6 points 2 weeks ago

By chainsawing all the social nets and the magic of economic liberalism the Economy would heal and everything would be wonderful!

Or at least some super-wealthy people can buy up State services for pennies on the dollar and make a killing later.

[-] MRLimcon@lemmy.ml 19 points 2 weeks ago

Milei? AFUERA!

[-] Burn_The_Right@lemmy.world 18 points 2 weeks ago

What percentage of a population must suffer under right-wing leadership before that population rises up and corrects the problem by force? Is some type of uprising likely to form here?

[-] OutsiderInside@lemmy.world 11 points 2 weeks ago

Usually it's when the middle class gets tired that governments are overturned here.

[-] stoly@lemmy.world 1 points 2 weeks ago

The days of revolutions are past. Remote control drones have made it impossible now.

[-] arni@lemmy.world 8 points 2 weeks ago

He was elected. If people don't want him they should just vote someone else next time.

[-] stoly@lemmy.world 2 points 2 weeks ago

The answer is all of them. Right wing behavior is always from hatred and insecurity.

[-] mrfriki@lemmy.world 17 points 2 weeks ago

To the surprise of no one.

[-] catbum@lemmy.world 15 points 2 weeks ago

I'm sorry but why does he look like an aging emo?

[-] RizzRustbolt@lemmy.world 5 points 2 weeks ago

He looks like Bob Odenkirk's donut ordering slacker from Mr. Show.

[-] scootypuff@lemmy.world 2 points 2 weeks ago

Droopy!

[-] ravhall@discuss.online 10 points 2 weeks ago

That means everyone can stop paying rent right?

[-] M0oP0o@mander.xyz 18 points 2 weeks ago

Only if they all do it at the same time.

[-] seaQueue@lemmy.world 6 points 2 weeks ago

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this post was submitted on 27 Sep 2024

454 points (98.3% liked)

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