@@1life_Only Spot on. And if you want to import stuff (cars, electronics, pharmaceuticals) then you have to export stuff as well. You can’t sustainably import actual stuff and just export your currency.
I don’t you understand, public services are needed to keep all classes making money. Imagine if New York City got rid of all public transportation, New York would burn in a second. Public services are needed. Not everyone can work in major sectors. That’s exactly why the low and middle class are struggling even harder in Argentina.
In other words, it is working but FRANCE 24 doesn't want to celebrate it, just to make it look bad. And it's only been one year, by the end of his term it would be undeniable that the policies work and his influence will spread across the word! ¡Que viva la libertad!
Celebrate that people in poverty went from 40 to 50%? Even if it works, Argentina's situation was very peculiar. It would be dumb to spread his influence across different situations.
@@johnc3525 First of all, the numbers of poverty are starting to go down. Also, you have obviously never lived in a country with that type of inflation, everyone gets poorer and poorer until you become Venezuela. So, yes, Milei saved Argentina from hyperinflation and saved millions of people from real poverty. You are looking at the numbers after only one year. The trend is looking good in every single way. The way leftist media frames it is just negative because they do not want it to succeed, just as you probably do not want it to succeed. But it will, it will be a success story to be copied, and actually not new, it has been done in different countries.
@@johnc3525 And just saying it would be dumb does not make it dumb. The prove is in the results. It has been done in different countries, now rich countries. So, the dumb part is not being aware of those countries and their history.
Milei has turned Argentina around for the better in less than a year. Us workers no longer have to guess what we'll find or how much we'll have to pay when we go grocery shopping at the supermarket
@@TheBielrangelWell, to be fair, solving all the economic woes of a country in just one year would be impossible for any one. The guy is surely controversial in some of his ideological points, especially in foreign relations, but let's hope the economic shock therapy will in the medium term help the situation of Argentinian families. We'll have to wait and see. All the best for you.
@@Andronichuk If what you took away from the report is that there’s a 23% monthly inflation rate, that just shows the ideological bias in the report. Right now, monthly inflation is below 3%, and there’s no reason to believe it won’t keep dropping in the coming months. Sure, there are still some service prices that previous leftist governments controlled and funded through money printing, and those need to be adjusted. That might keep monthly inflation between 2% and 3% until March (2025). But, for example, food prices are running at less than 2% inflation. Wages have been beating inflation for four months straight now, and over time, they’ll recover what was lost after the adjustments. There’s no sign things will get worse, especially since Milei has been really smart about trying to fix the mess the leftists left behind
He is succeeing. Look at the long term . One year score card - good. Come back in another year and it will be even better . And France 24 will have to do more mental gynnastics to try paint it as a negative thing.
Argentine never had a socialist economy, it´s had incompetent capitalism with a series of oversized subsidies and overdone regulations. All capitalist economies subsidize some activities. Subsidies are not socialism, socialism requires government or worker ownership of the primary means of production, which has not been the case of Argentina, where most economic activity has been in private hands. Incompetent capitalism is a danger unto itself, one doesn't need socialism to bankrupt a country.
There is only one way of improving the material situation in a country and that is by increasing production. You have to create more goods and service to share across the population, and to export. There is no other way. Milei understands this.
This is very naive. One could argue to increase good and services with debt or inflation, but obviously we know it's wrong. So while mileis policies are correct fundamentally, your analysis is wrong
@@Bolognabeef Wrong - in a free market with voluntary exchange, productive capacity flows to the sector with the highest relative shortages and profit margins. Under those circumstances, the higher the productive capacity, the more critical goods and services there will be to share.
Clearly, it has worked beyond any doubt! He is undoubtedly one of the greatest presidents in modern history, comparable only to leaders like Lee Kuan Yew of Singapore.
Inflation is down, private finance has been restored, the devaluation of the peso is almost disappearing, different productive sectors are improving, there are talks about international cooperation, the credit score of Argentina has been restored, the corruption has been attacked with force, and Argentina future is looking way better than it would otherwise. I am in Colombia, planning to move to Argentina to be a part of the project. Yes, it is an incredible success. By the end of his term, it would be undeniable. So bad for you leftists.
@@santiplaying5825 Inflation is down from 300% to 193% yeah, still the highest in the world so you will have to buy food as soon you get money. But you move there and tell us in one year how it is going. Poverty you know from Colombia, all Lattin America economies are just card houses ready tgo fall in any minute.
@@Divedown_25 inflation is still over 100% but yearly inflation is a lagging indicator. Of you compare monthly inflation december 2023 (20%) with today (4%), you see how strong the downward trend is
@@Divedown_25 The last month was actually 2% (monthly of course), and the important thing is that it is going down, so the policies are working. I don't think all Latin American countries are card houses really. Here in Colombia, we have got a communist terrorist as president, but the institutions have proven strong. Still, I don't like to live in a country with a leftist's majority. I didn't say I was moving immediately. Probably in 1-2 years when things get better in Argentina, I will move there to be part of their project.
@@Divedown_25 October inflation was 2.7% and going down, but even if it stays like that, annualized it would be around 40%, so it went down from 211% last year to 40%, but it won't stay at 2,7%, estimations for next year are around 30%. Stop disinforming.
Cutting all subsidies/ government spending is good for certain groups of population. But all the people that relied on the subsidies will die or be paralyzed from starvation and poverty. A true capitalist will love it. Let the rich get richer and the poor have to live like a rat. Argentina will get stronger in the long run. Cutting any subsidies will always make the economy stronger. Pandering to the poor and weak is always a weakness of a lot of democratic government. In most countries, you OVERPROMISE to get elected. You promise everything to everyone……
Sure. But what is the better alternative? Let's be realistic. The country barely has dollar reserves, it is on the verge of default. So it will have to ask money to the last-resort lender, the IMF.
There are only 20 comments so far. That's hardly any comment for a RUclips video from a channel of 3 million subscribers. Also, this channel caters to English audience.
Is funny how he said the poverty increases to 52% of the population but than he said the salaries are growing 😂, the problem in Argentina the inflation is never registered close to the reality
It will not work. Without in-flowing money into the system, it can't work. Nobody will invest in Argentina right now, the debts and the inflation are too high. Only an investment program to increase productivity can work.
I know some Brazilians who are investing in the Argentinian stock exchange. But of course Argentina will have to attract more money from abroad in order to strengthen its production power.
Fire the person that picked the music for the intro immediately!
😂😂😂😂 agreed!
Hahahaha
A country can’t be run on public service. It needs to produce products and services needed by its own people and others outside the country.
@@1life_Only Spot on. And if you want to import stuff (cars, electronics, pharmaceuticals) then you have to export stuff as well. You can’t sustainably import actual stuff and just export your currency.
The Road to Serfdom consists of working exponentially harder in order to earn a currency growing exponentially weaker.
I don’t you understand, public services are needed to keep all classes making money. Imagine if New York City got rid of all public transportation, New York would burn in a second. Public services are needed. Not everyone can work in major sectors. That’s exactly why the low and middle class are struggling even harder in Argentina.
@@dilant9181 Essential public services yes - the rest should be closed
@ what should be closed?
In other words, it is working but FRANCE 24 doesn't want to celebrate it, just to make it look bad. And it's only been one year, by the end of his term it would be undeniable that the policies work and his influence will spread across the word! ¡Que viva la libertad!
Celebrate that people in poverty went from 40 to 50%? Even if it works, Argentina's situation was very peculiar. It would be dumb to spread his influence across different situations.
Excatly.
@@johnc3525 First of all, the numbers of poverty are starting to go down. Also, you have obviously never lived in a country with that type of inflation, everyone gets poorer and poorer until you become Venezuela. So, yes, Milei saved Argentina from hyperinflation and saved millions of people from real poverty. You are looking at the numbers after only one year. The trend is looking good in every single way. The way leftist media frames it is just negative because they do not want it to succeed, just as you probably do not want it to succeed. But it will, it will be a success story to be copied, and actually not new, it has been done in different countries.
@@johnc3525 And just saying it would be dumb does not make it dumb. The prove is in the results. It has been done in different countries, now rich countries. So, the dumb part is not being aware of those countries and their history.
@@santiplaying5825 Which countries?
You need to update data of Argentina economic development
It’s fire mate, bonds up, inflation down to 2 coming from 25 p/m
Milei has turned Argentina around for the better in less than a year. Us workers no longer have to guess what we'll find or how much we'll have to pay when we go grocery shopping at the supermarket
you just won't have money to buy things 😂
@@TheBielrangelWell, to be fair, solving all the economic woes of a country in just one year would be impossible for any one. The guy is surely controversial in some of his ideological points, especially in foreign relations, but let's hope the economic shock therapy will in the medium term help the situation of Argentinian families. We'll have to wait and see. All the best for you.
@@TheBielrangelllora zurdo
Can you elaborate? This report notes around 23% monthly inflation
@@Andronichuk If what you took away from the report is that there’s a 23% monthly inflation rate, that just shows the ideological bias in the report. Right now, monthly inflation is below 3%, and there’s no reason to believe it won’t keep dropping in the coming months. Sure, there are still some service prices that previous leftist governments controlled and funded through money printing, and those need to be adjusted. That might keep monthly inflation between 2% and 3% until March (2025). But, for example, food prices are running at less than 2% inflation. Wages have been beating inflation for four months straight now, and over time, they’ll recover what was lost after the adjustments. There’s no sign things will get worse, especially since Milei has been really smart about trying to fix the mess the leftists left behind
I am from Argentina.
ARGENTINA SOARS: JP Morgan Revises Forecast, Predicting 8.5% Annual GDP Growth
Thanks freedom
And thanks Milei
@@juanvia8394 it’s incredible
So what will magically happen in the economy if Argentina keeps pulling money out of the economy xD?
yeah but after it has already fallen 7.5% or even more, so makes no sense thanking the fascist of milei
From 200% to 193% inflation 😳
FRANCE 24 and DW News crying
Misleading.
Milie's actions revealed the true poverty levels.
He's reduced poverty to 43%
Lex Fridman - Javier Milei President of Argentina (1.3M views)
@@Jason_Blaha Lex Fridman - Javier Milei President of Argentina (1.3M views)
@@Jason_Blaha It means, people are interested about his plans and strategy.
@@Jason_Blaha he's saying that people would rather here from the horses mouth how the economy is running instead of listening to France 24's opinion
@@Jason_BlahaIt's higher than most guests on Fridman his podcast. It's also reaching a wider audience now!
Argentina is no longer in recesion...
Sos retrasado o tarado?
Milei is an inspiration. The smartest world leader I have seen in my lifetime.
FRANCE 24 coping
He is succeeing. Look at the long term . One year score card - good. Come back in another year and it will be even better . And France 24 will have to do more mental gynnastics to try paint it as a negative thing.
Not objective. But miles better than Deutsche Welle’s similar video. For a more objective analysis I recommend Juan Ramon Rallo.
You can't undo the damage of over a decade of socialism to a capitalistic market in just one year.
Argentine never had a socialist economy, it´s had incompetent capitalism with a series of oversized subsidies and overdone regulations. All capitalist economies subsidize some activities. Subsidies are not socialism, socialism requires government or worker ownership of the primary means of production, which has not been the case of Argentina, where most economic activity has been in private hands. Incompetent capitalism is a danger unto itself, one doesn't need socialism to bankrupt a country.
A decade? More like a century.
@@daniellevin5279 Argentine has not had capitalism, it has had a welfarist, socialist economy where the State has a huge influence over the economy.
@@askeladd60 Adam Smith thought Government needed to have a huge influence over the economy.
@davidli9328 was argentina socialist? wow, never knew the means of production were owned by the state. Could you please show me a citation for that?
There is only one way of improving the material situation in a country and that is by increasing production. You have to create more goods and service to share across the population, and to export. There is no other way. Milei understands this.
This is very naive. One could argue to increase good and services with debt or inflation, but obviously we know it's wrong. So while mileis policies are correct fundamentally, your analysis is wrong
Then he should be investing into the economy, not withdrawing from it
@@Bolognabeef Wrong - in a free market with voluntary exchange, productive capacity flows to the sector with the highest relative shortages and profit margins. Under those circumstances, the higher the productive capacity, the more critical goods and services there will be to share.
@@islandred In what way do you think he should invest?
@@nmeau Nationalising key industries, subsidising sectors, public works programs.
Cutting subsidies will widen the income gap. Sacrificing the poor , rewarding the rich
Subsidies made the poorest even poorer and the richest even richer. What you're saying is just crazy
Not if productivity increases as a result.
@@petulioclark2367 How?
Only minimum subsidy is acceptable.
Clearly, it has worked beyond any doubt! He is undoubtedly one of the greatest presidents in modern history, comparable only to leaders like Lee Kuan Yew of Singapore.
Yes. Next question.
Short answer - yes
so people are suffering, poverty is up, no dollars to pay debt, still needs an IMF loan... but Milei is succeeding :D
Inflation is down, private finance has been restored, the devaluation of the peso is almost disappearing, different productive sectors are improving, there are talks about international cooperation, the credit score of Argentina has been restored, the corruption has been attacked with force, and Argentina future is looking way better than it would otherwise. I am in Colombia, planning to move to Argentina to be a part of the project. Yes, it is an incredible success. By the end of his term, it would be undeniable. So bad for you leftists.
@@santiplaying5825 Inflation is down from 300% to 193% yeah, still the highest in the world so you will have to buy food as soon you get money. But you move there and tell us in one year how it is going. Poverty you know from Colombia, all Lattin America economies are just card houses ready tgo fall in any minute.
@@Divedown_25 inflation is still over 100% but yearly inflation is a lagging indicator. Of you compare monthly inflation december 2023 (20%) with today (4%), you see how strong the downward trend is
@@Divedown_25 The last month was actually 2% (monthly of course), and the important thing is that it is going down, so the policies are working. I don't think all Latin American countries are card houses really. Here in Colombia, we have got a communist terrorist as president, but the institutions have proven strong. Still, I don't like to live in a country with a leftist's majority. I didn't say I was moving immediately. Probably in 1-2 years when things get better in Argentina, I will move there to be part of their project.
@@Divedown_25 October inflation was 2.7% and going down, but even if it stays like that, annualized it would be around 40%, so it went down from 211% last year to 40%, but it won't stay at 2,7%, estimations for next year are around 30%. Stop disinforming.
The Road to Serfdom consists of working exponentially harder in order to earn a currency growing exponentially weaker.
Argentina is going to become the first 4th world country ever to exist
Still, Argentina GDP per capita and HDI is far better than Brazil. In addition, Argentina has 1/4 of Brazil's homicides per capita.
O Brasil tem muito gás barato vindo da nossa amada Argentina e um mega Porto no nosso querido Peru 😊
Cutting all subsidies/ government spending is good for certain groups of population.
But all the people that relied on the subsidies will die or be paralyzed from starvation and poverty.
A true capitalist will love it.
Let the rich get richer and the poor have to live like a rat.
Argentina will get stronger in the long run.
Cutting any subsidies will always make the economy stronger.
Pandering to the poor and weak is always a weakness of a lot of democratic government.
In most countries, you OVERPROMISE to get elected.
You promise everything to everyone……
He's delivering on the program he promised. He didn't promised caring about the people.
11:10 Milei says no to EV.
🌸🌸🌸Welcome 🌹🌹🌼🌼🌷🌷Kate🌷🌷🌼🌼
Incredible! He is the man
Interesting thanks
I suspect this dude is on the Government's payroll and has been instructed to say all the right things.
I wonder how many Argentinian footballers earning astronomical sums of money in Europe and the USA are donating money to help the poor in Argentina?
01:16 lol...we are sheep, definitely.
Do you catch a cold?
The Neoliberal economic policies and IMF prescriptions would keep pushing ordinary Argentinians into extreme poverty.
land last 40 years of Peronists socialism and neomarxism is innocent :)
@@Miami-kl8kqsocialism is not when government does stuff
Sure. But what is the better alternative? Let's be realistic. The country barely has dollar reserves, it is on the verge of default. So it will have to ask money to the last-resort lender, the IMF.
interesting that most comments in here are in English...
There are only 20 comments so far. That's hardly any comment for a RUclips video from a channel of 3 million subscribers. Also, this channel caters to English audience.
because, not all Spanish speakers will watch this.
Well the video is in English. So people commenting presumably understand and English? lol
Is funny how he said the poverty increases to 52% of the population but than he said the salaries are growing 😂, the problem in Argentina the inflation is never registered close to the reality
Argentina ought demand reparations for Chinese COVID. First payment would be cancel their debt.
💸 🇦🇷😳
It’s a disaster here
It will not work. Without in-flowing money into the system, it can't work. Nobody will invest in Argentina right now, the debts and the inflation are too high. Only an investment program to increase productivity can work.
I know some Brazilians who are investing in the Argentinian stock exchange. But of course Argentina will have to attract more money from abroad in order to strengthen its production power.