Argentina has formally announced it won't join the BRICS bloc of developing economies. Friday's announcement is just the latest in a dramatic shift in economic policy triggered by Argentina’s new far-right President Javier Milei.
Considering his academic career, he has to be at least well regarded by academia circles. It does not of course preclude he is outright incompetent hack, but it stronly point out that he’s established figure in mainstream economics.
Of course he wouldn’t be first and not the last of “great economists” that run a country into the ground, but just as in case of people like balcerowicz or chicago boys, it’s not because incompetence but because dogmatically following utter nonsense and being the pawn to imperialism (to be fair at this point the question of competence stops being relevant).
I fully agree that Milei is at best dangerous to Argentina, but the country’s economy has been kinda fucked up for a while. Inflation has been mad and growth has been generally negative for at least a decade
It looks like I actually replied to the wrong person accidentally. I had meant to post that under Virkkunen’s comment rather yours. I do agree with you though
The problem is that the election was between Captain Anachrocapitalism and a continuation of Peronist policies which included a lot of government intervention.
He was won because he ran against everything the government represented.
Maybe organizing workers into political representation. I know it’s not easy, but desperate voting for a fucking ancap just to get a change from bad to much worse is not it, unless someone is accelerationist.
Considering his academic career, he has to be at least well regarded by academia circles. It does not of course preclude he is outright incompetent hack, but it stronly point out that he’s established figure in mainstream economics.
Of course he wouldn’t be first and not the last of “great economists” that run a country into the ground, but just as in case of people like balcerowicz or chicago boys, it’s not because incompetence but because dogmatically following utter nonsense and being the pawn to imperialism (to be fair at this point the question of competence stops being relevant).
I fully agree that Milei is at best dangerous to Argentina, but the country’s economy has been kinda fucked up for a while. Inflation has been mad and growth has been generally negative for at least a decade
Yes, but neoliberal shock therapy is not gonna make it better. If you look at history of neoliberalism, it made everything worse every single time.
It looks like I actually replied to the wrong person accidentally. I had meant to post that under Virkkunen’s comment rather yours. I do agree with you though
But what is going to make it better?
The problem is that the election was between Captain Anachrocapitalism and a continuation of Peronist policies which included a lot of government intervention.
He was won because he ran against everything the government represented.
Maybe organizing workers into political representation. I know it’s not easy, but desperate voting for a fucking ancap just to get a change from bad to much worse is not it, unless someone is accelerationist.
So once you organize, what do you do?
What policies do you implement?
They scream for they do not know