Will Javier Milei's Experiment Save Argentina?
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- Опубликовано: 6 июл 2024
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Production: Hubert Walas
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🗺Argentina was the richest country in the world as of 1895. The power of the world
I'm a social democrat politically, but I detest socialism. Argentina has been long overdue for an economic change, but truthfully most of South America is too.
he has nothing to lose, current trajectory of argentina in brics with path they were on wasnt gonna lead argentina to prosperity.
"I'm skeptical that you could, yet intrigued that you may."
-Dale Gribble
Rusty shackelford I fixed it
he can't, he won't, and he will take us down with him, he's a fucking mental
I really hope Argentina can recover; they have all the pieces in place to become a regional power.
They're still a long way away from that tho... They have been economically mismanaged for so long that they are still basically stuck in the 90s. Both the government and the central bank really f...ed things up. The corruption, bloated state aparatus and inefficient industrial sector are all huge problems. They have one big advantage tho - their population is fairly educated (at least compared to the region). They need to implement major political, economic, and societal changes so that they could ever reach their potential.
@@nicnsugar More like they're stuck in the 50's. Their combination of populist pseudofascism, a bloated welfare state, and protectionist & incompetent economics since Peron has wrecked the economy
Not enough population
i am afraid to hope, but the guy touched my heart.
Regional power belongs to Brasil.
Wish Argentina the best.
Argentina was the richest country in the world as of 1895.
@@mrkaratedo It's 2024 now.
not with a fascist as a president.
Im Czech, I can say that the change from dictatorship to capitalism was stunning. In 30 years we have higher purchasing power than Italy or Spain. I hope for people in Argentina the same sucess.
There's the recipe, plain and simple. Unfortunately people refuse to see it.
I love Czech. Beautiful country and girls. The negative aspect, you are close to Rusia.
@@Juanjoperez11 Well guess our opinion about Russia after years of occupation :)
More important than anything else is how he handles corruption. Efforts to minimise corruption must be constant. If you do not do that, then any other measures will just be eaten by corrupt officials. We will see.
Being recently back from Argentina I'd say that it is actually one of the problems that most South American countries have that they don't... I'm an Economist and I can't understand how Argentina was able to get into such a deep hole. Like it would have been more sane to leave a monkey to make the financial decisions in this country for the last century and they would've most likely been a south American juggernaut and with probably triple the population!
If Bolsonaro if anything to judge by - the guy will start installing his own corrupt pawns in all essential positions until corruption reaches the critical mass and he gets rejected by the people.
@@DominicSteMarie
Keynesianism / "Low key socialism". That's how Argentine got where it is today.
About corruption, reduce the amount of money at the hands of the State and you reduce corruption. Simple math.
@@user-je3sk8cj6g ohhhhh okay you are using the libertarian definition of corruption not the legal one. Then yeah in that case they are corrupt but so are wealthy countries... I feel like that is a useless definition if the question is the origin of the wealth of nations and who gets to be the winner and the loosers.
@@DominicSteMarie
No, I didn't use the "Libertarian definition". I said that this a matter of math. Let's say that the amount of corruption for 2 hypothetical nations with the same GDP is 10%; however, "Libertarianstan" has a government that eats just 10 billions of dollars of the GDP, while "Socialistan" eats 100 billions.
Therefore, if for both the amount is the same 10% of corruption, than it follows that "Socialistan" will have 10 billions drained through corruption, while "Libertarianstan" will only have 1 billion drained.
The more power you give to the State, the more corruption. It's a simple matter of math. Also, the more laws a country has, the more corruption it has, because there will be more reasons to circumvent those. And more incentives to get close to the agents of power.
It's not by coincidence that socialist countries are rotten to the core with corruption.
I always get pissed when people say he "devalued the Peso"
He didn't really devalue as much as in was being honest with the actual value of the currency and move it closer to the black market price (which is the one common folk use since nobody could access dollars at the state sanctioned price there was before).
To put things in perspective the official state sanctioned price was 1 dollar equalled 370 pesos, while the black market was trading between 900 to 1000 pesos per dollar. Milei moved it to 800 and that still falls short of the real price 😂
@@ospeak Yeah, but he's right though. Doesn't really matter how far away he is, the laws of economics don't change.
@@ospeak also if they only read wikipedia rather than actually investigate local sources.
Not the first video that I have found talking about that and it won't be the last. The phrase they use is even the same so I guess they are all just copying the same source 😂
@@marcv2648the laws of economics absolutely change with distance
As an Argentinian myself I can ABSOLUTELY say you are right, the peso never was as close to the dollar as they said officially, prices always were 3, 4, or even 5 times the amount the official peso was. Plus if you wanted to buy dollars they would apply so many taxes that the difference between that and the black market one was next to invisible.
Milei did the right thing in putting a more honest number to the peso, mostly because it did nothing to change negatively the prices right after, we all knew the real value and now is closer to what it is. That is just being honest with your people.
@@farenhaid13421 problem is nobody outside or Argentina understands that we literally had like 20 different dollar vs peso valuations/prices depending on circumstance (remember dollar Qatar or dollar Coldplay) so they just say the new government devalued the peso because they take the official value as reference (which would be true in most countries except for Argentina or Venezuela 😂).
It pisses me off they don't make even minimal research first
Seeing the snake flag in countries outside the US is crazy dog 🗿🗿🗿
You can often see the Gadsden flag fly high in 🇨🇱, it symbolizes libertarianism.
@@pac1fic055 interesting
@@pac1fic055 It has been claimed by libertarians in recent years, but it was originally a symbol of colonies/states standing together during the Revolutionary war.
@@thatsillyrabbit indeed.
@@pac1fic055this flag isn’t libertarian, just a liberal movement
Argentina has one of the best hands on terms of resources and geography, and a well educated population, but thought itself an already fully developed nation when it was still an emerging one.
It just needs to get over its State obesity-related demons to overcome any other country in the region, including Brasil.
Their population is 45 million, Brazil's is 220, even if they become a richer nation they won't even become close to Brazil's power, and it's not like brazil isn't developing too just look at the graphs in the last 20 years of both countries
not that educated if half the country vote for peronism
@@Pituki22 andamos mal con matematicas
@@alt1f4 What kind of power? Nonetheless Brasil is a shithole. Totally corrupt, exploitation of their uneducated population, a drug hub, polution. everywhere and only surviving be course of their natural resources especially their oil reserves.
"Educated" really doesn't mean much. It often just result in brainwashing, worse by external forces. In a democracy, the media does the brainwashing. Argentina's only hope is, they are lucky enough some leader may emerge that is patriotic and smarter enough to get elected. In a democracy, this is the process, that anarchy will ultimately result in order. Milei is unlikely to be this leader, he appears to be too idealistic to be smart. Ideologies are always the extremes, it is a tool but if it becomes a religion it is a curse.
Its interesting how you just completly omited the 60's and 70's dictatorship eras and their economic plans
Hard times where the USSR laid its eyes on Argentina, attacking and training terrorist groups known here as Montoneros, who trrorized the country and forced people to actually like initially the idea of a dictatorship, supporting it in its early stage while the US also had its influnce.
Yes. As if Peron's few terms had a greater impact than the dictatorships...
However critical I may be of Miley's ideology, I am very curious to see how Argentinian society fares under his rule. It will certainly be very interesting to watch. I hope the Argentinian people can see brighter days under his governance. Time will tell.
The fact the media is labeling a libertarian as far right, tells me he's a far lessor evil than whatever left wing idea is pretending to be center-left. I dislike libertarianism, but when your alternative is actual card carrying peronist fascist and socialist what else can you do.
@@dixonhill1108he is considered far right though even calling himself an “anarchy capitalist” which is a far right libertarian ideology
Thanks brother... I hope everyone here could thinks the same
All I know is Buenos Aires Argentina is way cleaner, more first world looking, better public transportation and has better demographics than NYC. Hope Argentina can do a 180 and once again be rich successful country. Best to Argentina!
Cant do any worse than the damage caused by woke marxism. Its an infection, and driven by the ultra wealthy elite who want a modern communism. You will own nothing and be happy.
How people can be told they are being exploited and not get it shows you how powerful the propoganda echo chambers are.
Excelente reporte, aprecio la objetividad que tenes, estás muy bien informado, tu investigación es muy precisa. Me encanta tu trabajo y aprovecho para felicitarte por este trabajo, repito es excelente y muy objetivo.
Te mando un abrazo grande, desde Buenos Aires, Argentina
Saludos, Marisa 😊😊
Massa wasn't brought down in popularity by his links to Cristina Kirchner. He was unpopular because he was the economy minister for half of the previous president's terms, which saw inflation rise to up to 210%
Dzien dobry! Great video Hubert, and thank you for following my country's political news and history. I have been following since Russia's invasion :D
Just wanted to mention a couple of details about ARG that you haven't considered:
The "Everything was going nicely until Peron came and ruined everything" narrative is incredibly oversimplistic and has been repeated over and over again here for decades, by the very same people who also ruined everything in every opportunity they had to govern.
You did not make any mention of the 60s-90s decades in ARG, which were actually the moment in which this country stopped being a developed one and failed to catch up with the rest of the world's growth.
In fact, during this period, for 30 years Argentina had the lowest average economic growth in the world. I humbly encourage you to further research this, as it's the main window to understand what went wrong.
Going to Milei and current Argentina, tbh the situation for the government is absolutely impossible and precarious.
They must take incredibly unpopular measures, like raising the bus/train tickets by 1500% in 3-4 months or increasing gas/electricity bills by 400%, at the same time that current salaries in Argentina are around 300 USD on average, and goods prices aren't so different from, say, Poland.
Today, for example, Milei's team announced that they will re-create an income tax that Milei actually voted for its derogation when he was MP, just 3 months ago, and after declaring that he would rather cut his own arms before creating new taxes.
In short, the situation is extremely dire and complicated, and the upcoming months will determine just how much patience the middle class, which is currently earning 400 USD a month but has lived most of their lives used to a higher living standard (and that was and is Milei's main electorate) and if they will continue to endure thought the pain of the process, or rather succumb and denounce Milei as a failed emergency surgeon.
Thanks for adding that info. Also, this channel was created in 2019. The war in Ukraine started in 2014!
@@TheWedabest you know what people like this mean and if you dont let me help you they mean REAL RUSSIAN INVASION not proxy wars
@najak4773 That was a real invasion! Russians were leaders of the proxy forces. Russia was there the whole time!
Vamos a ir hasta el final!!💪💪💪💪🌟🌟🌟
O sea sacar los subsidios de la capital. Sip
This youtube chanel is a gold mine, thank you for all of your work brother. 💪
Great channel. Argentina was the richest country in the world as of 1895.
it is a very biased channel, you should take everything he is saying with a grain of salt
@@NestNext any examples?
@@jarekso11for example, saying that a mix of socialism and capitalism in policies is considered “good”. Also saying that a triple in national spending to achieve social services such as doctor check-ups were “good”. This guy knows nothing about economics and uses chatgpt to make his videos
Argentina was wealthy, however, tremendous disparity between rich and poor made possible the election of Peron.
Revisionist history--this is often the case when reporting on Cuba's great wealth under Batista--exclude the suffering of the lower classes who embrased change with radical ideology and leadership
You mean to say now Cuba and Argentina has no wealth disparity because all are poor?
@@ecoideazventures6417 no, he means to explain how a population can embrace radical ideologies, when they're impoverished and ruled by a rich political class. if you don't want the population to fall to communism, let them grow wealthier in the first place instead of hoarding resources, be it by the state or by monopolies/oligopolies. foreign corporations with excessive social control are just as guilty as overbearing state apparatuses on causing social radicalization.
@@alevegaliolios elites used to understand this - the postwar welfare state for example. Now they seem to have forgotten
@@alevegalioliosjustamente los migrantes se hicieron ricos en argentina porque se les dejo ser ricos no fue por que habia ricos que gana peron. Y sin embargo ahora con milei al menos apuntan al origen del mal
@@alevegalioliosy uff el caso de cuba peleaban con una dictadura muy poca gente y no era una guerriga estremista solo revolucionaria contra un dictador la gente solo queria libertad pero fue engañada y fusilada. No me hagas llamar a los cubanos...
The people of Argentina were tired of the establishment paty
and will be tired of Milei too
@@MegaGabriHell only time will tell
@@ulforcemegamon3094 certainly
@@MegaGabriHellI doubt it
So you don`t know nothing about Argentina`s politics history@@mclovin2408
I would argue that the 1930 coup d'état was the turning point in Argentine history, not the rise of Perón.
I am from Argentina. I think the same.
Wishing the Argentines the best of luck in their nation’s transition🎉
Yes!. Argentina was the richest country in the world as of 1895.
Hopefully Argentina can recover, maybe even becoming a Newly Industrialized Country.
I always enjoy learning from your well researched videos.
Thanks for all wishes for my country. Argentina will be light for the world.
Now is the time to be an entrepreneur. Look for opportunities to offer value somewhere or with something. You will be a step ahead. Good things will come of it.
I truely believe that watchin yall from florida. Im an ancap and am certain that if he can overcome the political obstacles, argentina will not only recover and outshine most everybody, but inspire everybody else to look at our own states more correctly. That is, we dont need them.
Soon it'll look like Venezuela
@@larryc1616 No, it takes socialist policies to look like Venezuela. Milei has already gotten rid of a lot of socialist policies.
@marcv2648 wrong. There are plenty of ways to crash a country. It's not about the left or right but the far left and far right. El loco is a narcissist clown and unregulated fascist capitalism will finally kill Argentina. China is doing very well soon to surpass the US.
14:23 Just a correction. MIlei does not intend to stop trade relations with China, but political relations. He has said that any private person can continue to do business with China or anyone else without government interference.
huh. I didn't get that from the news. So what will he stop? Like remove their embassy or what?
@@libertarianterminatorGovernments usually organize bilateral meetings where services are offered and requested between countries. Although the works are then executed by private companies, these works are sponsored by the government. And reciprocally, a government could offer the services of its country's companies by reaching a preferential price agreement.
Well, Milei will stop doing such things with China.
But private companies can do business on their own without government interference.
@@libertarianterminatorwe have a military chinese base in out territory. The chinese mafia is all over argentina, managing supermarkets
@@mongolman3492 Managing supermarkets xd that made me laugh
@@galox23. it sounds silly, but when you have a chinese supermarket per 20k population, it is a big issue
Great video! Learned a ton of new info!
If Argentina recovers under Havier, the evidence and message will be there... libertarianism will officially be the most prosporous economic and political system for a government to adopt. And we can finally with evidence point to the importance of transitioning to it. I hope this is the case, this is our first chance for a global political shift to freedom.
Javier*
Things will not change in Argentina unless the people significantly change their collective mindset. Blaming problems on outside factors beyond their control is engrained in the culture of Argentina. They need to start looking at themselves... And not just the politicians, but every single Argentinian.
People here complain about corrupt politicians yet everyone always break the law as much as possible.
In fact, If you try to be a good citizen they'll look down on you.
Argentina has the politicians it deserves.
Lmao do you even know what the main cause for the bad economy is for Argentina? You have zero ideo little boy, it’s fiscal deficit.
@@Chris_Serrani This is exactly the problem with Argentines, they are so easily riled up. Don't take things so personal.
I'm merely outlining the root cause of the problems, like fiscal deficit.
@@Natogoon lol nice assumption about a whole country, you probably barely know 5 Argentines in person, yeah you outlined it alright by only talking about the countrymen and their culture, you full of assumptions.
@@NatogoonIm Argentinian and you are right, thing is, nobody believes in individual responsability since high schools and universities teach their students that meritocracy is a scam from neoliberalism to justify opressive hierarchies.
They teach the poor to stay poor and they teach the rich that poor people are dumb animals that need the state to live
As usual, your videos are far superior to any other channel I've found. My prayers are with Argentina.
GOD BLESS ARGENTINA🇦🇷💙🇦🇷
Not a fan of his ideas. But it doesn’t matter what I think, what matters is that Argentina can be a better country for Argentinians. I truly hope he can achieve that.
Yes. Argentina was the richest country in the world as of 1895.
Graciass!! ❤
@@mrkaratedo double check. Not correct. Argentina was NEVER above the USA in terms of GDP. And this is why in the latest CPAC message Milei changed his typical "richest nation of the world" to "one of the richest".
@@montyoomska You are wrong, data from Maddison Historical Statistics shows that in 1895 and 1896 Argentina 🦁 was not one of the richest countries, but number one, with the highest GDP per capita in the world. The following positions were for the United States, Belgium, Australia, the United Kingdom and New Zealand. You have to inform yourself well.
GDP per capita may have been higher but the wealth was concetrated in hands of the few rural land owner elites called estancieros, if you see metrics like life expectancy, percentage of literacy, education level, averange argentinians quality of life was on par to neigboring countries.
yep. Over-reliance on GDP per capita is a problem everywhere in all media
Sounds pretty much like Canada right now lol
Thank you for the video!
🎯 Key Takeaways for quick navigation:
00:00 🇦🇷 *Argentina's new president, Javier Milei, aims to bring radical economic changes after decades of economic struggles.*
08:46 🔥 *Milei gained popularity with his outspoken, anti-elite, and libertarian views, challenging the long-standing peronist ideology.*
13:23 🪚 *Milei's government introduces austerity measures, aiming for fiscal prudence, but faces opposition and potential protests.*
19:32 🌐 *Milei's foreign relations stance includes seeking ties with both the U.S. and China, backing Israel, and supporting Ukraine against Russian aggression.*
21:09 🔄 *Milei's success in implementing his radical reforms faces challenges due to entrenched peronist ideology and complex macroeconomic conditions.*
Made with HARPA AI
If he carries through? I don’t think it’s a question, yes, that would fix the country.
Will he carry through/will the legislature let him carry through? Doubt it, people who get involved in politics tend to become politicians.
Something that is barely mentioned in the video is the support former president Macri's party, "Juntos por el cambio" gave him in the second round. Practically all the votes that "Juntos por el cambio" got in the first round, were transferred to Milei in the second round and that gave him the overwhelming victory over Peronism.
But also Macri's legislators are giving him a lot of support in Congress.
@@jamesrosemary2932 Half true in the last part, thre are some of the people under the "Juntos por el cambio" party that are from a sub party, the radicalists, who change their vote whenever they want basically. Last we knew from them today was that they changed their vote during the vote of an important huge changes and new laws, super powers for the president, stopping the subsidies of some millionaires that make "culture" (movies) and other stuff.
So now we are voting everything back from article one because of bureucracy, yey.
How will IMF loans and trickle down policies improve the lives of Argentines?
@@morenitomoreno1282 Lowering spending in general, buying dollars and changing the crumbling peso currency to a more stable exchangable currency ( euros, dollars, australian dollars, you name it) can give a better international interest as a more stable nation, in general, its pretty much the State vs some Mafia States ( provinces here) because so far, after a province went in debt after taking a loan, and in such contract to take the loan it was written that "The money would be taken from the coparticipation money sent to the province if the province didn't pay in time".
Such thing was done, as per contract, and the province is talking about the State being evil, striking the province down and so on and so forth, when the contract was signed with the previous goverment, and the new governor took a loan of almost 10 times the size of the debt, and spend money on carnivals and increasing the money spent on its own "senators" ( its diputados but deputies aren't the same thing).
In general, seeing 2 things you don't agree with doesn't mean its the whole thing Argentina is doing.
Lowering the massive excess spending is vital to not commit the monetary emission problem ( causing more inflation), which by then you get a more stable and lowering inflation per month, a more stable coin, and prices won't scale up insanely high due to actual speculation ( with devaluation of the coin, you must appreciate your goods that preserve better their value.)
@@morenitomoreno1282 Hope you saw the message cause RUclips has been deleting as of lately a lot of my comments which don't contain any insults of sorts lol.
It's up to the people themselves. This gives them the opportunity to help themselves as opposed to no chance under authoritarianism. For the sake of the human race, I hope they do very well.
One thing about Argentina's story that is much overlooked, including in this video: Before the turn to stability from 1865, there was a destructive series of civil wars from independence in 1816 onward. And the land tenure system was (and remains) terribly unequal, a legacy of the Spanish colonial system.
Argentina rlly went and elected a crypto bro 😂😂😂 🤡 I just can’t 😂😂😂
The country's situation is bad enough for the likes of him to appear as a reasonable choice
@@tanostrelok2323 yeah rlly illustrates the situation on the ground..
Argentina will start having visible positive results by the end of the year.
Better Milei than the Perón fangirls
If any person can see through Vladimir Putin, support Ukraine, and pull out of the BRICS membership, I’d say he’s definitely worth consideration for trustworthiness. But time will tell about his economic policy.
i like your measuring stick!
@@sillysad3198 Lol ain’t wise to have one in particular to rely upon, but generally if anyone can see through the lies of the Kremlin, they’re generally guaranteed to have enough scruples in their soul to follow. Not to mention the savvy move Milei did for Zelensky during his inauguration. He arranged for Zelensky to sit next to Victor Orban without either person’s knowledge, even further cemented my opinion improvement on him.
I admire Milei's call to cease trade with china on moral/ideological grounds. I understand this would be impractical for many other nations, but I love a principled stance.
💩💩💩
normies misinterpret economics as if nothing factors in except profits, and then wallow in all sorts of absurd conclusions "about libertarians".
Como ciudadana argentina, quiero agradecer el interes y los buenos comentarios de esperanza hacia el bienestar de mi pais, Argentina es un país hermoso, con ona riqueza enorme, solo hace falta un lider que pueda sacarlo adelante, Javier Milei es un Lider, con el coraje y convicción para lograrlo!!!
...y viajar en helicoptero para hablar pelotudeses por el mundo con el nuetro $$$
@@MegaGabriHellcuando estaba el peronismo te gustaba bajarte los pantalones con los rusos y los chinos? Los k fueron un papelón internaciónal llevándonos a aliarnos con maduro cuba irán Rusia etc. Cerra el ogt y fíjate que inventan además de intentar voltear el gobierno cosa que no lograrán.
@@MegaGabriHell Hablas de Cristina? Porque Javier lo paga con su bolsillo, para eso le pagan.
Así es Milei sin dudas tiene el coraje y la convicción para llevar adelante sus ideas y además según mi opinión tiene el profundo conocimiento económico necesario para extirpar la inmundicia que nos dejaron casi 80 años de Peronismo con el agregado del cancer del sindicalismo que también sabe qué hacer para librarnos de esa verdadera plaga. No soy creyente pero fervientemente RUEGO para que lo dejen gobernar.
Coraje en viajar para Europa con el nuestro 🤡@@marthai.garcia5760
As a brit I want nothing more than our countries to work well together. Britain has always trued to work with Argentina and hope to put differences aside so we can become prosperous friendly nations
My great ancestor was R.B.Sheridan (the Irish play write and politician). We came to Argentina in 1800 and built Argentina up...
Not gonna happen buddy
Not gonna happen soon, i assure you that. Is a geopolitical problem from long time, also, not the only thing we had a problem with Brits in history
@@exodusmagnusanonimusmaximu298 I disagree. The Argentines love the British. Just look at the music they listen to and movies they watch. From the cab driver to the cafes to the bars everything revolves around English music and culture even the London phone booths are in Buenos Aires. Look it up if you don't believe me. The Argentine people are very Anglo centric. They certainly love the English much more than they love the Spaniards from my experience as an Argentine American.
@@carolina-_- Argentina will be great again
My humble opinion (as an argentinian) is that, unfortunately, Argentina is beyond recovery or salvation; no matter if a radical left-right winger, a moderate centrist or any kind of peronista rules the country.
But sales to state companies to IMF, neber worked out great, he must ask other Latin states who went through the process, but there is a chance of success and if it doesn't risk will be massive.
Our state companies give us about 10B deficit each year, YPF alone costed us 23B, aerolineas argentinas 8B in 15 years
How keeping that when they are a nest for political corruption is somehow a good idea?
WTF? who said he would sell the state companies to IMF?
Imf isn't company which would buy it. It gives loans
I don’t understand why other countries keep bad mouthing him he has a budget surplus for the first time in 12 years I believe he only been in office since December people need to realize it not going to be easy it going to be real hard but it will be worth it in the long run but the world new media can’t stand to see it work and the other so call free country and the world elite can’t stand it. God bless him and the good people of Argentina I hope they make it work to show the world how to make work
If you don't then you honestly should avoid giving your opinion on things you know nothing about. He managed a balance by cutting retirement funds, budgets for education, science, welfare, etc. the dumbest person alive can do that. All the while indenting the country to the IMF even further since now state income from taxes is the lowest in 9 years because he destroyed people's purchasing power. And this is just the beginning, unless congress or the people stops him we will be seeing the destruction of all national industry as it happened in the 70s and 90s.
I love this RUclips channel
Even if he does implement a lot of his reforms, I dunno of that will solve argentinas economic situation, I think it's more likely that it gets better in some ways and worse in others, and that permanently changing civic & political culture and how the game is played in Argentina is necessary for permanent improvement
Social chaos will grow since hes taking peoples rights away
Argentina had more bloated state apparatus than almost any other democracy in the world.
Honestly: One doesn't have to be an anarcho-libertarian to address such a glaring issue, but I also see the political pendulum in the works here.
It’s going to be interesting to see. The rent reforms do seem to be working for now though
Indeed, as an argentinian, our biggest problem is our own political culture, the obsession of some people over their favourite political party that excuses any behaviour, and therefore paves the way for shitty people to do as they please, since they will always have a big chunk of the population defending them.
Hoping for Argentina's rise support from Philippines
Milei is the best leader to enter Argentinian politics in 60 years!!! A true Von Mises free market expert, and a trained economist, it can only get better from here!!
Amazing production
We will watching on how things progress, system is broken so the is a big risk if it falls, it will get worse. But wish them best of luck.
na it going to get worst.
Regardless of his politics, with the third largest party in their legislature (~26.5%), it seems questionable how much could be done. Plus even if gets the other major party that seems closer to his goals, that is just barely getting to a narrow majority, which tends to have it's own issues.
Only for two years and already got his major reform bill through the “house floor” and seems to have the votes to pass in the next two days. He is holding financing to provincial goverments hostage (Either they vote in favour or he forces the local governments to extreme austerity measures by taking away a tax he can veto and the governors want)
With two years I mean there will be midterms where he can get a lot more congress votes in case economic recovery has started by 2025 which if the current bill passes is quite likely
All he has to do is shrink the size and reach of government. Functional markets solve problems, not government. Milei is trying to teach Argentines this basic truth. Nothing magic about it.
Good job. Concise, yet very informative.
Like most countries that are struggling now, it always starts with a military coup.
I truly hope that Argentina does fix its problems and finds its place in the sun again. As well I’m hoping Milei moderates his views and is a successful president even if I don’t agree with him ideologically. But sadly I don’t have much confidence.
Also I find it freaking hilarious that he is this super anti government libertarian who sees the government as the enemy. But as soon as he’s in charge he begins beefing up the police and military in preparation for massive crackdowns. I live in a region with a lot of American style libertarians and all the ones I’ve spoke with are the same; they hate taxes, hate the government, and want absolute freedom. But all of that disappears the moment there is a crime around them or a group they don’t like starts protesting; then they scream for the police to crush them as violently as possible.
One of them was even self aware enough to tell me, a truly libertarian utopia state would require everyone to believe in libertarianism and go along with its ideology. Which is impossible, human beings bring human and all. So anyone who doesn’t should be ‘removed’ from society. At least he’s fucking self aware.
But once again those are my personal experiences and they might not be representative. It’s just interesting seeing a bit of correlation.
Rosario and the GBA which account for little less than 20 million persons have a homicide rate as high as mexico DF, just this past weekend on the same day 2 elementary school girls where shot by thefts on the same city and our whole north and south west frontiers are looking like war zones
So we just let narcos take over like they have been doing for the last 20 years and pray that we don't have a relative killed each day or let the government do its job?
It's always first world citizens whos hardest struggle in life is not having a starbucks nearby who need to tell third world countries how to solve problems that they can't even imagine on the first place
@@marcelomarcelo514love the part where you addressed OC point :)
For us Libertarian, the government/state has 2 basic functions:
1. *Maintain internal order* thru law enforcement and justice system
2. *Protect the society from external threat* by organizing collective defense, thru national military and other means.
That's it.
No wealth redistribution, no social engineering, no market intervention, no central plan. No public infrastructure project, no public transport, no public healthcare, no public education.
*No subsidy for the poor nor bail out for the rich.*
@@ihl0700677525 so that’s why Millie is repressing protests lol
Libertarian means having a small government that does the few responsibilities it has well. Those responsibilities being military, judicial system, infrastructure and legislature from my understanding. Basically the libertarian government primary job is to keep law and order, but otherwise keep their big noses and grubby hands out of the citizen's business. If that means hiring more police or judges to keep the peace and handle private property disputes so be it. That's the primary responsibility a government is supposed to have above all others.
Other than that they pretty much want zero welfare programs, no government owned businesses/schools, and nearly zero regulation and licensing laws(license as in government won't allow you to work unless you have a government approved license to do the job).
Anarcho-capitalism is a self contradiction. Capitalism and the very notion of private property requires a state to be enforced.
Argentina was the richest country in the world starting in 1895. The power of the world with the ideas of freedom.
You can hire private armies or a small private force to enforce your bidding
Amazing channel still
Thank you
I would absolutely love to speak to a true centrist and realist from Argentina and get there take and honest commentary.
How may I help you?
@@martincortina185which sources on RUclips do you suggest we get our information about Argentina from? I mean the present situation and the present government...the news outlets from the country on YT seem either pro or against, but not objective and the form of reporting and people not waiting for a sentence to be finished before they start opinionating give me a headache.
@@atikagoswami3245It is hard to find an objective and neutral source. I found that "Perfil" is the most neutral news website. However, news outlets are so biased because Argentina's history is complex. Especially, "Peronism" is a complex phenomenon.
@@atikagoswami3245 I suggest you read different media outlets from here, like La Nación (Right-wing), Página 12 (Left-Wing), Perfil or Infobae, that should probably explain everything you want to know
@@atikagoswami3245visualPolitik and visualEconomik
Love for Milei and Argentina from Aus 🇦🇺
Argentina was the richest country in the world as of 1895.
❤ same for Australia lovely people
Ik u don't like soccer ⚽ but ur not angry that beat you in the world cup
"all I got is bad news, and more bad news. the bad news is that we are completely out of money. the more bad news is that I am devaluing the currency to the black market levels, and I'm shutting 90% of Gov't agencies in the hopes of decreasing costs. it's going to get a worse before it gets better but we can do this, we are Argentina" - a VERY abbreviated thing that Javier Milei said
GTBT, tell me where you got your graphics package. I want to use it for a business “deck.”
If the US was smart (which we are not) we would be doing everything in our power to make sure this is a success and that we're seen as a facilitator of its success. Peronism is so awful and Argentina has so much potential. Would also be an incredibly valuable ally in this changing paradigm.
why is the US rich and neoliberal countries poor?
exactly.
The US is doing that u bolud0
@@jamesmitch9792 Can you name a neoliberal country?
Can you describe wht the word "neoliberal" means?@@jamesmitch9792
@@MrGunnar69 The US?
"Milei crafted his image as the well-intentioned, radical underdog, who promised to fix Argentina". As long as you deliver what you promise, no one should be complaining!
I noticed everyone proclaiming the immediate fall of Argentina, sometimes proclaimed to be in mere days after the assumption of office, have been laregly silent after latching onto [most recent thing]
14:27 he didn’t say stopping trade with China. If it is in the private market he doesn’t care who one trade with.
While its "wait and see" conclusion is the correct one, this video would be more informative if it spent more time capturing the details of Milei's political and economic philosophy, and less time giving voice to personal attacks on him that are likely baseless. Milei is one of those public figures who is often painted as "crazy", but when you listen to any long-form interview with him, you'll find he can clearly explain his policies, back them up with references to economists and political/social scientists, and tie everything together in an articulate, thoughtful way. This of course makes it difficult to attack his ideas on non-ideological grounds, so opponents resort to personalized attacks to appeal beyond their base. Terms like "psychopath", which he certainly could be since that diagnosis does not preclude coherent thinking, are used as a shorthand way of warning people off and side-stepping the challenge of a public policy debate with someone who has very high breadth and depth in his thinking. It would be nice if everyone put their cards on the table like Milei, but unfortunately if you have in-the-box ideas, you're not required to back them up,, whereas out-of-the-box thinking can be dismissed as "crazy" without much blowback. This is true in business as well as the political and social spheres. It's only the certainty of steady decline and the likelihood of ultimate collapse under the current system that led so many voters to take a risk on his radical policies.
Libertarians are the communists of the right wing. Their BS never sounds good or particularly interesting, because it has nothing to do with common sense. Yeah for sure, no state, and noone dares to touch my earnings, which is actually protected by the police in other words the state itself. So at the end we always finish off a that the poor are paying the rich guys defense.
The crazy part is that he talks to his dead dog lad
This is a left leaning site. They're not going to give voice to his ideas. Count how many times you hear "radical" "far-right" or other derogatory terms. The sad truth is none of them are true. This site, and the left as a whole, fears the objective rationality of Milei. The mere fact that they present Libertarianism as anything other than centrist shows how ignorant they are of it.
I don't know man, this may true if you are looking online and social media. But I follow economic researchers and they have plenty of valid criticism for him. And one of the common ones is that many of the economists and political/social scientist that he provides as reference are either politically aligned or funded by conservative think tanks. So essentially backers of his politics, not necessarily of the field itself. Just because someone is articulate and can say 'listen to all these other experts agree with me'; can still feed empty promises and half-baked idea to a desperate people that are looking for any type of change in order to get in power. This is a common path for politics in troubled countries.
Admittedly, I'm not an active working expert in economics, but I do have a graduate degree in applied financial economics and follow a diverse background of economists. And the only ones agreeing with him are the same ones that act like 40 years of trickle down economics is good for the US economy because of how well the stock market has done; while actively ignoring/denying that it has also resulted in stagnant wages for the middle class, skyrocketing medical and housing costs, cost of living in general has gone up greatly, and an increase in homelessness and crimes from growing poverty. And the same can be found in the UK under Thatcher. There is plenty of research out there that finds over liberalization of the market can actually harm the every day citizen while feeding more wealth to those already in wealth. Not to say that there shouldn't be an overview and re-haul of regulations and governmental inefficiencies. But there is such thing as over correcting. And over correcting is a valid criticism, and the one I have predominately seen made. Not based on 'psychopath' or how you are describing it.
One of my favorite quotes from a policy researcher: "Communism and anarcho-capitalism have the same thing in common. They are simplistic to understand and sound great on paper or in a political speech, but both fail equally in practice."
No doubt there are absolutely many valid criticisms of Milei and his policies! But that doesn't mean its EASY to make these criticisms compared to the obvious lies and oversimplifications of other politicians. I think this is best illustrated by your final quotation... if one thinks Communism is "simplistic to understand", then one's understanding of Communism and its history must be limited to grade-school propaganda. So this, taken out of context, is a pretty simplistic and reductionist take on Milei - not as bad as calling him "crazy", but adjacent in its facile dismissiveness. I have no doubt this "policy researcher" has some concrete and competent arguments to counter Milei's... but if you're going to boil it down this far, you might as well just bring up his dead dog.@@thatsillyrabbit
"Will Milei's experiment save Argentina?" - no but it will be fun to watch.
Argentina was the richest country in the world starting in 1895. The power of the world with the ideas of freedom
New era, Argentina never will be a power, you choose to idiocracy and the whole world will see the tragedy in a few years or months@@mrkaratedo
The key thing about Portugal is that tying to stakeholders policy. That would be great for our country in the long run, but I'm a bit afraid of what Milei's policies would be, asumming that he can pass any of them, witch doesn't seem currently likely.
He did not say that they’ll stop trade with China, he said that Argentinas government will not associate with China’s communist government. Businesses are free to trade as they would like. Freedom of markets. Freedom of the people! I hope Argentina succeeds under Milei!
When the only Option You have is Idiocracy😱
Me and my popcorn: 🤣🤣🤣
Javier Milei is the living example of Baglini's Theorem. The further away one is from power, the more irresponsible the political statements are; the closer they get, the more sensible and reasonable they become.
You gave a good report on current affairs.
Still, it is necessary to talk about the political attitude of spending more than you receive indefinitely. talk about the history of implementation of the real plan in Brazil and the Argentine peso at the same time. as well as questioning why nothing is said more about the free trade area of the Americas - ALCA.
talk about what really makes an official currency a fiat currency and the causes of the post-covid global inflationary trend in addition to the attitude of trade protectionism and the global attitude of regional reindustrialization.
*A F U E R A*
Ministry of femboys?
No A F U E R A!, muy importante!
Everyone in the comments has 2 masters in economics and have published 17 books regarding the economy of Argentina for the last decades.
So the only valid opinion comes from someone with that educational and publishing pedigree? You seem to have an opinion without it.
(eye roll)Argument from authority is a logical fallacy.
@@maxidaho Not at all, would you trust a homeless person with a high school diploma to tell you a economic plan for a country or someone with 2 master degrees in economics and published books on National economic science?
@@rachelnaisbett403 Did I say that Milei arguments are valid just because he has vast expertise in Economics? Obviously a person with expertise in economics has more CREDIBILITY in his arguments over someone who doesn’t, learn to understand before throwing fallacies around like you just learned about them.
@@maxidaho I find it funny that almost everyone that argues against Milei have not understood or read his arguments and plans or have no coherent rebuttal against them, funny that I studied his plan and have logical arguments to defend them, do you? That’s where my “opinion” roots from, not from my or his pedigree, try harder next time.
Experiments carried out by following some manual that theoretically provides all the answers usually ends badly. Edmund Burke had something to say about that.
As that Spanish writer explained "Experiments, you make with soda pop" (they were trying to prove a theory with champagne)
Just to make it clear, the author of is "unofficial and unauthorized" biography has never spoke to Javier Milei and wen asked about sources to back up all his claims, he basically he said that he made it all up.
Also, there is some weird shady thigs related to this author and the publisher, you can't blame the timing they chose for the book to hit the stores, but it was said in several articles mentioning the incredible small time lapse between the draft and the published version.
And it shows, the book is full of misspelled words, wrongly conjugated verbs, atc.
I wouldn't take it as a source material by any means.
If he fails then Argentina will just be Argentina
Argentina was the richest country in the world starting in 1895. The power of the world with the ideas of freedom
He won't fail. He is on the side of market forces. The equivalent of swimming with the current instead of against it for 100 years.
@@mrkaratedoArgentina was not the richest country in the world, it was the fifth, and economic power was in the hands of a few, the economy was dominated by England and it was a poorly industrialized country.
@@marcv2648market forces never make a country rich, USA was the most proteccionist country in 1850, UK and France follow with 30% tariffs and USA 50%
@@joekaputt4415 Protectionism isn't really a big deal. The big deal is deregulation and market competition internally. Reducing the size of the state, and eliminating the welfare state are most important. China, Japan, Korea were all very protectionist during their industrializations as well.
Millie have already put forward the DNU containing a lot of sweeping reforms right after his inauguration, I'm very disappointed that it's not discussed in this video.
DNU can be invalidated thought , sure it is active as for now , but it still has chances of being invalidated
@@ulforcemegamon3094not possible. At most only some of the articles, but not the whole dnu
@@shadetouchcatchemall5134 It can be invalivated if the Supreme Court says its unconstitutional, like the telecommunicacions DNU. Also it can be rejected by congress, but the libertarian president of the deputies chamber is not sending the 8 members of the committee on purpose, so that will take a long time.
@@mosaloquendo neh, in argentina they never get invalidated
@@shadetouchcatchemall5134 Search for the DNU 690/2020, you will see what im talking about
0:15: So I'm not gonna heard you anymore from here, because of this: He is not a "former televition comentator" before that an economist. He is first an ECONOMIST, then a university professor, a teacher, a writer of many books, he is especialized on economic growth, and very very then you could kallhim a "firmir tilivition cimintitir" FY.
Well done 👍
On the positive side, it can’t get much worse anyway.
I’m pretty sure not once in history has that statement proven true…
i almost choked and spilled my hot coffee everywhere when i read this comment. have you read any history? lol
The fact that it always can is why Latin America gave us magical realism.
You sure about that he doesn't seem like a leader who know what he doing imo all I see is a moron who think he right about everything
@@saksari93 Narcos was such a kino show.
For those too lazy to see the entire video: It won't.
Saakashvili with his fast reforms can be a good role model for Milei. And western countries have to help Argentinian people to survive that times providing them food. Don't forget the example of Gaidar whose reforms lead to famine and reputation of democracy was significantly damaged because of it.
Great video! Did you see his speech at WEF?
He never said he would "stop trade with China" he's liberal he would never do that, he said the Argentinian state will NOT do business itself with dictatorships, private companies can do whatever they want.
Companies doing whatever they want. That just screams bad news! States have foreign relations. So does that mean that Argentina will not engage in foreign relations with states that he doesn't like?
@@TheWedabest The state will not award contracts to companies from non free countries, yes.
Its the same in many countries btw, in Perú a new law banns any country not in the top 10 least corrupt ranking from bidding for state contracts.
@celdur4635 why should the state decide if private companies can or can not do business? It seems very contradictory! Companies should just do what they want, but now that's not the case? I hope my comment makes sense. I just want clarification. Thanks
I'll explain again. Private companies can do business with whomever they want.
But the Argentine state will not give contracts to companies from dictatorship run countries.
So for example, before Milei the Argentine state could hire Chinese companies to do infrastructure work or whatever, now they will not.
However if a private Argentinian company wants to do business with a Chinese company they are free to do so, freer now since Milei will drop all tariffs to 0.
When a country is in financial problems it's always acceptable to cut pensions, social services, infrastructure development or whatever. Each affecting millions of people. Meanwhile it's somehow unaccepable to tax companies and individuals worth billions of dollars. People who could loose 99% of their wealth and still be 1000 times richer than the average. Nah, let's better cut a guys pension by 10% after he worked 50 years and has barely enough for a relaxed retirement.
Bruh, stop projecting some american twitter "eat the rich" bullshit, they are doing just that since 1940s and it only gets worse with time. Increasing taxation can't solve any problems when there's not much to tax in the first place. And even if somehow they'd manage to substantially increase their budget, and at the same time not let those hypothetical companies go bankrupt, they'd still have to figure out how to efficiently spend that money on economical investments (and it's naive to think that any Latin American country would ever have functioning bureaucracy)
Thank you for outing yourself as part of the problem.
And when companies leave the country due to tax pressure, and the people who work in those companies lose their jobs, who are you going to collect those honorable taxes from, genius?
@@muiponcomuiponco772 Well those factories don't just move into another country, so let the Owners leave, who cares? Give the ownership of the companies to the workers and hire 1 new guy to replace the little work the owner did before, if they did any. (Large companies are run by CEOs and not the owner anyway).
There is a saying: If tomorrow all workers stay home, no work get's done. If tomorrow all owners stay home, nothing changes.
@@deansch6089 Yes! I wan't to be as big of a problem for the Capitalist class as possible.
Odd how using common sense economic reform is called an "experiment" but the previous decades of economic mishandling is considered the standard.
Always wanted to visit Argentina about the flight fare scares me, so expensive. Maybe now they introduced competition and they have forced lower price to complete, i can afford to go. Viva la libertad!
For three-fourths of the video, you have not even attempted or came close to answering the question that the title of the video begs. All in all, it was a poor analysis, full of ad hominem and a superficial and incomplete explanation of Milei's reform projects. Putting him on par with other politicians like Jair Bolsonaro (pronounced with a J sound; it's Portuguese, not Spanish) and Donald Trump is extremely misleading and dishonest
right, he's a crazy libertarian not an unhinged fascist nationalist, and there's a difference
@@burgermind802 It seems that you don't know what libertarianism or fascism mean, but I'll let you do your own research
@@burgermind802Oh he is definitely a fascist. Just wait and see
Viva la Argentina, Viva la Milei. Fcuk Comunism.
In order for Argentina to continue to exist, it is necessary to group the functions of the state, create a list of ways to determine the results of the performance of these functions, collect goals, objectives, initiatives for the performance of these functions, evaluate costs, then find out whether the performance of some functions affects the performance of others, whether conflict of required resources, funding, human conflicts of interest and conflicts with organizations. regularly publish a report on the results and attract the population to perform state functions on the basis of volunteerism, which will reduce costs.
18:16 “all stakeholders,” why should those that caused the rot in the first place have a place at the table.
If we could look at our economy the way we look at ecosystems. I think we could greatly improve our quality of life. If the food chain loses its smallest aspects, the entire ecosystem can collapse. Similar with our society/economy, it needs the lowest members of the economy to keep society functioning. So if we at least provided support for the individuals dealing with poverty, so they can live life at the most basic level of standards & not go homeless. That support would go towards landlords, insurance companies, different aspects of the economy. Wouldn't that be better compared to letting all these working people become homeless and not able to live at the most basic level & play a role in our society/economy even tho they work but can't afford the ridiculous cost of living requirements nowadays... I hope we can find a way to improve things. Like Finland has done and is continuing to do. It would improve the ecosystem of our society. It's worth a shot because how things are right now definitely aren't getting any better anytime soon.
But studies show that the more you increase welfare the greater amount of people end up in poverty. I can tell you first hand that welfare programs incentivize being poor. It makes it REALLY hard to succeed and get out of poverty. My family was trapped on welfare for years. The only way we got out of welfare was that we stopped taking the handouts cold turkey and clawed our way up into middle class within a couple years.
VIVA LA LIBERTAD CARAJO!!!!!!
extreme situations need extreme measures
💩💩💩
This is going to be interesting. I hope he will pull it off.
AFUERA !!!!
Yes!! Argentina was the richest country in the world starting in 1895. The power of the world with the ideas of freedom
I really think Javier Milei, the Argentinian president, is onto something big for his country. He's fearless, determined, and a trailblazer, not afraid to shake things up. Just like El Salvador's president, who cleaned up crime and made the country a tourist hotspot. If people get behind Javier, believe in him, and support his vision, Argentina could see some amazing changes for the better! 🌟🇦🇷 #JavierMilei #ArgentinaTransformed
7:40 Where does this data come from? I've been trying to find it but all the sources I see cite at most 10% unemployment in 2019
Ridiculous?! What's ridiculous is thinking that using force against others as a way of life is good or right.