Why Argentina Is Doomed to Fail Over and Over Again
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- Опубліковано 29 сер 2024
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Argentina's prosperity used to rival the US, but now it is bouncing between economic highs and lows. In just decades, it's seen rapid growth and dire crashes five times. What keeps derailing this nation's economy, and can it break the cycle, and what can we learn from their unique economic situation?
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“Japan has everything to fail but it doesn’t.
Argentina has everything to succeed but it doesn’t.”
Imagine if we put all the Argentines in Japan and all the Japanese in Argentina. Argentina would be a superpower.
@@xxxBradTxxxas a racist, this feels a bit racist, but it has upvotes
@@Half_Finis recognizing and contrasting self evident cultural realities is not racist. Japanese and Argentinian are not races, they are nationalities.
@@xxxBradTxxx
Sorry bro! But I can't imagine a world with Argentinian Playstation, Hondo cars instead of Honda, or a Spanish speaking Anime. That's just feels wrong to me.
@@Half_Finis Civilization is a manifestation of culture. Culture is extremly important, which is mostly(but not completely) removed from genetics. It defines work ethic, family and society.
Being from the other end of the world, it feels like Argentina exists so economists have something to be frustrated about.
A simple solution would be to create a new type of currency that the politicians and globalist's can't control or counterfeit. These idiots however keep doing the same thing over and over using the same fiat currency yet they expect thinks to get better.
ua-cam.com/video/EeCu8pMHma0/v-deo.htmlsi=PVzY7N78BGatzfy6
You mean Japan?
@@enzonavarro8550probably AU or NZL
No, it exists so lazy UA-cam economists will always have some easy asignment when they can't think of anything original for a video.
“throughout history there have been only four kinds of economies in the world: advanced, developing, Japan, and Argentina”
Always been one of my favorite economics related quotes.
Very cool quote. I really like it and agree with it
Sooo original
Japan is what precisely? did pretty well in the past but now..... 😬😬😬😬
@@Doge811I think it’s in the same league as Argentina, but without any of the crazy fluctuations.
@@Doge811a country that prints money like mad but barely wobbles in inflation or economic output. Japan just doesn't follow any economic norm at all.
Ser argentino no es solamente pasar una crisis sino vivir en una compleja capa de crisis tras crisis que ya no sabes si terminaste de salir de una siquiera. Vivo hace 23 años aca y desde que naci hasta ahora siempre estuvimos en crisis.
"Si malo es el gringo que nos compra, peor es el criollo que nos vende", espero que te sirva para reflexionar
y aun asi el ministro de economía que nos dejo como estamos tiene chances de ser presidente 💀
25, te re entiendo. Por encima estaba en secundaria cuando asumió Macri y los profesores me lavaron el cerebro. Las cosas no estaban tan mal como nos quisieron hacer pensar. Basta con mirar los registros de data (y mirar un poco al rededor ahora)
no es real eso, desde el 2001 al 2012 argentina y los argentinos no estabamos en crisis, para tener 23 años sabes bastante poco de lo que viviste
@@darkglobe420 entre el 2001 y el 2012 este pibe tenía entre 1 y 12 años. O sea, estaba entre cagarse encima y jugar minecraft. Obvio no tiene una nocion "empirica" de lo que vivió. Uno es muy chico a esa edad para saber a pleno que pasó. Sólo confiamos en los registros. Lo digo como adulto de 25 años que se da cuenta tarde del garrafal error que fue no interesarse en informarse desde antes.
Argentina, in 20 days everything changes, in 20 years, everything stays the same.
@DontReadMyProfilePicture.185ok
Meaning?
The only thing that is stable in Argentina is the level of instability
@@verschwunden9687that in the short term things change very quickly due to the economy and in the long term the country continues to be in the same situation
let's hope that in 20 days everything changes.... LOS ZURDOSDEMMMM YA HAN TENIDO SUFICIENTE TIEMPO EN SURAMERICA.
The country that never misses an opportunity to miss an opportunity.
This is Brazil motto too 😅
We have our opportunity now with the "far-right" candidate Javier Milei,on the other side is Kirchnerismo,a political party that has is roots in Peronism and has been ruling almost non-stop for 24 years
@@Chup3 Yyy... No se. Massa obviamente no lo votaría ni en pedo, pero Milei es muy extremo también y no me inspira mucha confianza. Pero bueno, que se yo.
mejor no opnes ante gente mas inteligente... literal te dijio que goberno por 24 años y seguis votandolo al votarlo en blanco.@@kolmmer
@@nrianvega9086 No seas iluso, los políticos nunca hicieron nada por el país, ¿por qué lo harían ahora?
This video has more faith in Argentina than actual Argentinian have on their country
In no way Argentina deserves a higher economic score then Brazil like ever.
@@mariothibau1070Brasil poor 😂
As an Argentinian, i completly agree with your statement. Specially after what happened during the last week.
Totally agree, the anti argentinian propaganda is unbelievable in our own country, social networks just make it worse over the past decade
Spend a few years here and you'll understand that hope is the opium of the fools
Como argentino, la idea de que algunos países sufren una inflación anual menor a la que tenemos mensualmente me vuela la cabeza.
Y algunos quieren votar al partido que nos llevó a esta inflacion....
que
@@elpatoempatado2404 so
@@aklimaron7398 o sea, a los que tomaron ésta deuda.
semanalmente*
As an argentinian, I'm really torn. Everything you say is true but watching someone from a different country say how my country is doomed to fail is deeply depressing.
I was in Argentina during the Dirty War as a high school student at the American school As bad as things were, even then I saw great promise. If the Argentines would just fix their government, right size it to where it stops interfering in the private markets, then Argentina could be economically great again.
You'll never get back to being rich just exporting agricultural products.
Let local industries compete with the world, and Argentine business can become competitive.
Use your tax free province of Tierra del Fuego to the fullest as an experiment in laissez-faire capitalism.
Fix Mercosur so that it enriches all the participating nations.
Use your national resources, petroleum self sufficiency, and direct foreign investment to make high value finished manufactured goods like Germany's Mittlestand does. Chile can help with minerals, and Brazil can help with rubber and other industrial crops.
Don't feed on this messaging, there is too much unquestioned liberal ideology. A lot is left out. So trust me, it is made for you to feel like we did it to ourselves, but is not that simple.
@@totoro5421
And the video is not even saying that.
Its saying we are the biggest boom-bust cycle in history.
@@totoro5421
And the video is not even saying that.
Its saying we are the biggest boom-bust cycle in history.
@@jscotthamilton5809 ''If the Argentines would just fix their government'' HAHAHAHAH MAN. You should be a comedian.
One secret way that a lot of countries got wealthy is by bureaucracy. In Japan, they had a competent Ministry of Finance and Ministry of Economy which was able to operate outside the day-to-day nonsense of politics. Argentina has too much political nonsense going on all the time. There needs to be stable, predictable governance so people can focus on their own personal goals instead of trying to navigate all the problems that leaders keep changing, revising, creating. Who can focus on running a business if everyday its some new nonsense?
If only Argentina were run like Uruguay...
So, Argentina is like the US but without having the reserve currency status?
So a military dictatorship? Keep the people out of the government! 😅
@@FernandoMendoza-dw8nzI prefer the term “dominant-party democracy”.
Japan has too many middlemen.
As an Argentinean and an economist, I confirm everything this video says. For me, the main cause of this mess is the lack of political agreements on basic issues. Literally yesterday, more things happened in the country than in the five seasons of house of cards, and it is not a joke, the second political coalition was dismantled in one day due to internal conflicts and personal ambitions. This is common currency here.
However, the businessmen I know still stay in the country, because in those brief periods of growth and stabilization, you can make more money and live much better than anywhere else in the world. The day that all these debates take place and there is a common point of agreement, no one will stop us (I have to believe or kill myself).
I do hope things are getting better for people. I can recommend not engaging in whatever your version of Brexit would be, but I suspect you're still dealing with much more basic political issues.
It’s like you are all on an addiction roller coaster. I wonder if a big part of the problem is that a lot of smart people know they can get rich on the churn, so instead of getting good at something useful, they put their efforts into making money off the roller coaster.
What happened to that Libertarian professor running for president? He was extreme, but he might have gotten some of the mess cleared up.
@@jonevansauthor haha, no things are not getting better.
The two candidates for the ballotage are messiahs for their respective voters. We are living a collective delirium that is too much even for the normal parameters of this country. There are 10 different exchange rates. There is even the coldpay dollar (yes, the band), so that they can take the profits at a certain exchange rate. You don't know what is expensive and what is cheap.
I am going to vote for milei, each time with more doubts than certainties. Yesterday he announced an alliance with another candidate, who the quietest thing he said to her is that she is a terrorist child murderer (last week). Today they embraced on national television.
Believe or bust.
Milei, the libertarian economist, is running for president in the ballotage. A part of the third option, including the former canidate president, bullrich, made an alliance with some conditions, including not allowing legal sales of human organs (like kidneys) or children. I am not kidding, this provision was explicit and a part of the milei's presidential campaign.
Huh?
Last year I was playing with someone from argentina and I somebody asked in chat "How do you live in your country with such a unstable economy" and he said "We get adepted to it".
I dont even get surprised anymore, its just a way of life. I could ask the same thing to you, how do you live in a country where prices remain the same week after week? It might sound just as redundant to you as it does for us, lol
It's so crazy to me to think that in countries like yours the prices are the same between the months, here in Argentina the prices of everything goes up and it keeps doing that way
Es que Argentina no está en Crisis... Somos la crisis jajaja
El problema de este país, es social. Los políticos son el simple reflejo de la sociedad en si misma. No tiene moral ni lógica. Somos más apasionados de lo que deberíamos. Somos la capital del estrés en el mundo 😂
Not all of us. Some of us run away
Argentina being the "Fastest growing GDP in the world" shows the limits of GDP measurement. With "real" GDP growth, there would have been ample money to pay back debts rather than being mired in yet another collapsed economy. There are just way too many ways to make "Bookkeeping GDP Growth Gains", with the classic example of digging a hole, and then filling it back in.
Yeah, I'm Argentinian, I can assure you there have been no real growth in the last few years, quite the opposite, our economy is rapidly shrinking.
I don't know how GDP is measured, but if it looks like it's growing it's probably the government manipulating the numbers in some way
What does GDP growth have anything to do with the ability to pay back debt? 😂
@@katjerouaceverything?
it is kind of easy to double your GDP, when you were rock bottom to begin with because you were using your resources inneficiently.
@@katjerouacdebt is measured in % of gdp. If gdp up, the ratio to debt goes down
Argentina is a light for economic policy makers around the world. They show a real life example of what not to do
Jajajajajaj excelente y tal cual
Yeah, the rest of the world should be grateful for the free lesons.
I think that explains the world bank giving out the loans, they want to see what happens @@Kosme88
The biggest problem is that Argentinians are not learning from our own mistakes, and the same corrupt politicians are constantly in power or manage to return quite fast because a huge percentage of the population votres based on fanatism and idiotic political loyalties.
@@omargj1 clientele-ism rather
Unfortunately, your GDP numbers are calculated using the official USD/ARS exchange rate. The real exchange rate is more than half than that. So no, the economy has not doubled in two years.
Yeah, this video is extremely missleading.
Argentina GDP numbers are not reliable since there are several irregularities in the market.
Exactly!
YES
Exactly, but let them think we are above Brazil in economics 🤭🤭
@@juanbargero3337We are above in futbol playing level at least.
There's a flaw that's crucial to understand: growth is not the same as recovery. That's why it's so easy for us to "grow" so much in such a short amount of time, because in the end that's not growing, that's recovering to an earlier state. In absolute terms, Argentina has not grown since 2011, we have the same amount of employment as we had back then but with a few more million people, explaining why our GDP is so low.
Mis pensamientos exacto. Rates of growth can be very deceptive when not considering anything else.
Thank you. I was already curious why (how) this could consistently be. In all honesty this video is more like History Explained rather than Economics explained
EXACTLY
Its easy (or at least should be) to RECOVER, its harder and more important to GROW.
Since 2008* , debt has ballooned consistently since then.
@@MuantanamoMobile objectively speaking 2011 was the highest I would believe
Good video overall, but a little caveat: at 1:02 the GDP per capita comparison with Venezuela is off. World Bank figures for most countries are for 2022, but in the case of Venezuela this hasn't been updated since 2014; so, it doesn't account for the 7-year economic depression between 2014 and 2020.
Lack of official data and exchange rate distortions make it difficult to get a good estimate, but the Venezuela's GDP per capita should be around $1,900-$2,500 (In Nicaragua's range) although the IMF puts it a little bit higher at $3,420.
Still, it's not great for Argentina to claim that the only worse-performing economy in the regional neighbourhood is a basket case like Venezuela.
Difficult to continue watching the video after seeing a mistake that big
Yep I came straight to the comments after hearing the whole gdp section. Using gdp per capita to measure how bad it is was a weird move
@@TT-kk4qi worse stlll, they use the official exchange rate to put Argentina at US13686. The same exchange rate that no one can get except for a couple hundred bucks a month.
In real (blue) dollars, that number should be 1/3 of 13686.
Se viene Argenzuela
@@TT-kk4qiNot to mention that he kept mentioning the Argentine wine industry as a major export of ours during the boom years of 1880-1920, when in reality the Argentine wine industry was for internal consumption only until the 1990s and 2000s !
Unfortunately, the video leaves out many elements when it comes to Argentina's economic history. Which is understandable, since our economic, political and social history are closely linked and it is difficult to understand one without analyzing the others. For example, the brain drain and the reason why the country remains largely agricultural have a strong social and political component. I would also add that the relationship with the IMF is significantly more complex than what is presented in the video.
@@ninjachao7057flaco, si te paras dos minutos a ver cómo está el país te das cuenta que tan errado no está. Vivís abajo de una piedra vos? O solamente te dejaron caer de chiquito?
Argentina no es capaz de formar gente que dea de valor en otros países. Los cerebros que según vos los argentinos están perdiendo apenas logran ser mozos y albañiles en Europa. No es este el problema de argentina.
La historia de argentina en el último siglo es simple al punto de ser banal. Ninguna guerra notable y ninguna real amenaza externa. Vivo aquí hace 10 año y te puedo asegurar que los argentinos son sus mismos peores enemigos. Buena suerte.
We remain mainly agricultural producers because it is the sector that we have that is very competitive and technologically advanced. The video precisely explains why the same thing did not happen with the industry, I suggest you watch it again without prejudice. And as for the IMF, it is a resource that governments always use when they do not have more financing and want to continue maintaining the low exchange rate, it is part of the same problem of maintaining high salaries that we cannot afford if we want to produce with the industrial technology that we have
@@ninjachao7057 neoliberal propaganda 🥴🥴🥴
@@ninjachao7057thats the vibe i got from this whole thing. Though I don't feel qualified to judge whether or not it is wrong. Though I will comment that personally as an argentinian the country always relied on foreign exports and has since been a large issue for us.
This video is very good and very accurate. I’d only question the importance given to German immigration after World War II, Germans were insignificant in terms of numbers compared to Italians, Spanish and other immigrants from the Middle East for example. If what is suggested is that Argentina had nazis come and used to develop technologies locally, that is also true for the USA (eg. Von Braun) and the Soviet Union and in much bigger numbers.
The German community in Argentina is large and predates World War II by generations. Many of these armchair historians get it wrong, Germans did not immigrate to Argentina because of Peron, they immigrated there because there was already a large German community in which to integrate. And many of these ethnic communites, not just the Germans, had extensive business ties with Europe in the mid 20th century. Much of the global technology available from 1900 - 1945 was already in Argentina or available through direct foreign investments.
@@jscotthamilton5809 but the armchair historian I'm looking at here has it no better. There were large ethnic communities of Germans all over the place predating WW2 for generations. Claiming that the increase in immigration after WW2 wasn't because of Peron or a friendly environment to them is obviously incorrect, because the Germans had other places that also had large German communities. Argentina having one doesn't make it unique, and so it's definitely not the reason why Germans immigrated to Argentina at the time in higher numbers. They did it, because other places that also had those communities did not accept them as quickly.
Yeah. And Brazil have a way bigger German immigration than Argentina.
@@Tmb1112 It was Argentines in Argentina during the Dirty War who taught me Argentine history. My math teacher was a third generation German-Argentine, and let us use his Cordoba vacation home where we got to see the German community there. Then I lived in West Germany for three years and got to see how the Germans live and think. My German landlord fought in WWII.
Sure there were many places a German could emmigrate to, with some being easier to arrive and some harder. But given a choice, Argentina was easily top of list of places a German would want to emmigrate to, both well before WWII and after.
Then there are the rumors Hitler lived there, and there are some interesting photos to back up the claim, plus some FBI documents that have been declassified. He supposedly died there in 1973
As a 21 years old argentinian it is very frustrating to think about our future when everything is so uncertain. Everything is hopeless and at the same time very sad because we love our country very much 😢
Cuando crezcas un poco más te vas a dar cuenta de que el futuro es incierto en todos los países del mundo, mucho más en el siglo XXI.
Acá es más evidente nada mas
Leave while you still can. When I left, the average salary was around $1200. Now it is US$350. Leave while you still have a chance.
Marcelo tiene razón, que acá se note de esa manera no significa que el resto del mundo está mejor.... Es algo que los medios no hablan, pero Europa está en condiciones decadentes por la guerra, EEUU está endeudado hasta las bolas y ahí ya se te van las ganas de irte
Escribí en español, culorroto
@@marceloobregon8513concuerdo completamente, las métricas que usan para medir nuestro país nos dejan mal porque claramente las crearon los países dominantes en la economía mundial que continuamente nos cagaron en nuestra historia y ayudaron a que nuestra inestabilidad siga así, si quedáramos bien en esas sería raro
Venezuela most clearly doesn't have a gdp per capita of 15k.
Venezuela doesn't have a GDP per capita.
It just shows what bullshit the gdp/capita index is. It is way too simplistic to show anything relevant to the standard of living of said country.
Yes and it's rapidly losing "capita" as people would rather flee than starve.
neither Argentina
@@dannyarcher6370
Oil
É incrível um país maravilhoso como a Argentina tenha tantos políticos dispostos a arruiná-la😢
Milei-Bolsonaro por un futuro próspero amigo
Tal cual!!!
Q gente q no tiene ni puta idea che
@@Chup3neoliberalismo vai consertar aquilo que estragou?! 😂
Existem países com Xi e Putin, e existem fracos como os lambe bolas da OTAN, nunca serão nada, vira latas.
GDP Per Capita is probably much lower, as the government uses the official exchange rate and not the real exchange rate to calculate it.
True that's why they have a higher poverty rate than some other countries with similar countries.
This!!!
That actually makes sense.
Maybe but prices in Argentina are absurdly low so even if the GDP per capita seems to be low, you'd have to adjust it to purchasing power
Indeed. Argentina is trying to pretend they're rich when in reality their coin has less value than the Chilean Peso; when I went there as a 6 year old kid it was 200:1 the ratio, aka a 25000-30000% inflation in the last 20 years.
Surprised you didn't mention the artificial exchange rates the government enforces. The official exchange for peso to dollar is currently 350:1. On the street it's 1000:1
Because he doesn't actually search deep into stuff. Argentina is a very ill country with many layers of issues seeded over a century of poor decisions, to the point normal people no longer knows how basic economy works, and I would say the only country who has never recovered from the great depression. Is like the dumbass who thinks they will go through the concrete wall if he runs hard enough rather than using the door.
Because "on the street" is an ilegal market for money laundering of narcos 🤦 You can exchange all you want in the stock exchange market. Argentinian tourists all over the world have a subsidized exchange rate, far better than the illegal market.
I love Argentina! Despite the constant instability, I really admire their people, culture, and history. Such an amazing country. Greetings from Argentina
anda, atrevido!
Go back to Argentina, anda !
JAJAJAJA el plot twist XD
@@DarkJusn2020 hello Juan Carlos Manuel de la Hoya
@@manny5848 Hello suprisingly polite anime profile enjoyer Manny5848
You forgot to mention the small detail that one of the ways the Argentine government controls inflation is by issuing letters of liquidity (LELIQs) whereby the central bank essentially takes out loans from all other banks at high(er) interest rates in order to take currency out of circulation and prevent banks from simply investing every single peso they have into US dollars, potentially causing hyperinflation. The central bank pays about $39 billion pesos a day in interest from LELIQs alone.
So instead of the Federal Reserve model, where banks borrow from the Fed (as a lender of last resort), the Argentines have reversed this, and made it not a last resort, but a daily thing? Seems legit.
That’s pretty stupid, def a few people are getting wealthy of this nonsense
Reducing one of the biggest economic benefits of banks (investor loans) while giving the banks tens of billions in stimulus daily. Argentina is not going to recover from this inflation gracefully.
banks are profit motivated. if the peso is declining they can get rich quick by shorting it. if theyre invested in the peso they wont want to damage the currency. a better solution is required though. @@nolin132
And Javier Milei wants to Dollarize the whole economy. What do you think of this? I think it would turn Argentina 100% into an American vassal state.
Poor argentinians. Living in Argentina must be horrible.
Saludos desde Argentina
Ajjajajajajajja😂
I tried so hard and got so far
But in the end it doesn't even matter
I had to fall to lose it all
But in the end it doesn't even matter
One might say Argentina's entire problem is that it refuses to fall and lose it all, artificially propping up a standard of living they can't afford.
One thing, I don't know why
It doesn't even matter how hard you try
Keep that in mind, I designed this rhyme
To remind myself how I tried so hard
In spite of the way you were mockin' me
Actin' like I was part of your property
Remembering all the times you fought with me
I'm surprised it got so far
Things aren't the way they were before
You wouldn't even recognize me anymore
Not that you knew me back then
But it all comes back to me in the end
ua-cam.com/video/vu22RNjjrG0/v-deo.htmlsi=gC0bqedJEeGi6nIm
I tried so hard and got so far
But in the end a nisman lo mataron
I had to fall to lose it all
But in the end a nisman lo mataron
A PS PLUS WITH NO GAMES TO PLAY
IN THE END,IT JUST GOT NO GAMES!
Argentina is taken over by a kind of cultural craziness that is very hard to explain, and as a Brazilian, trust me, I know crazy politics very well...
This is so true. Brazilian politics are crazy but Argentinians are on another level of craziness
ua-cam.com/video/vu22RNjjrG0/v-deo.htmlsi=gC0bqedJEeGi6nIm
Politics has a more appropriate name. It's called poliTRICKS.
Do you agree on putting Argentina ahead of Brazil economically? I certainly don’t, the Brazilian economy is much better and more stable then the Argentinian.
@@mariothibau1070nice joke
Brasil Is poor
Saying that we pursue high standards of living and we need some level of austerity with 40% poverty is probably one of the most cynical things I've heard. We are literally fighting to get an ok deal renting a house. How much low do you want us to be?
60%??? 😂😂😂😂 Now it will get to that, or more. Hang on tightly
40% is nearing civil war levels
I think he refers to fiscal austerity, that is, reduce how much the government spends every year to avoid fiscal deficit
The video is right though. We come from a large middle class, but now we are a largely poor country, still with middle class aspirations.
In America the new housing is on the streets! Look at LA and San Fran
I was on vacation over a year ago in Buenos Aires. Our tour guide was a retired Argentinian woman who really hadn't retired, because she still had to work as a tour guide. The whole black market in USDs was a thing, but one of the most remarkable things was that our guide told us that she just found out that the retirees had received a bump in their benefits, just announced. How much of an increase in a pension, you may ask? Um, no financial increase, but the government announced a 3 kilogram grant of meat for each person. Yup...meat. Well, people do have to eat and Argentina is famous for its beef, but...
One day, there was a massive rally of, I think, farmers on the major thoroughfare of BA, where the obelisk is and half a block from our hotel. Fortunately, we had an outing to a farm for the day and the protest had actually been fully cleared by the time we returned early in the evening.
I think Argentina must be a lovely country. At least BA was wonderful, nice people, very European and sophisticated. If I could feel sorry for a country, I would feel sorry for Argentina. Seemingly so much to offer.
Very European ? I don't understand. We are not Europeans, we are ARGENTINE and thank you
@@camanothiago8249 European architecture, culture (97% of European descent), etc. Of SA countries, Argentina is oft cited as the most "white" of countries.
Yeah but, to put it short, using european as an equivalent of good or virtuos or attractive its bc of intricate historical processes, a big part of the reason our country its in these situation
Same with the "white" thing and the idea of "european culture", simce that kind of speech has been used for more than a century to cover the genocidal origins of our country and the very classist racism that envelops it wich has bringed profound often tragical consecuences to our estructural development and the actual situation of the many inmigrants from other latin american countries nowadays
Specially with a powerful filofascist hate speech that has really taken its foot with the last election
I know u did meant to give away any of these implications but thats why the clarification of the compañero up there feels quite important to make
“Sir the economy is chronically mismanaged, what shall we do?”
“There is nothing we can do”
IMF time like always! 😅
Invade the Falklands again?
"just make more money or something" -sergio massa
Dead Cow and Litio😎
Vote #milei2023 and dolarize like no tomorrow
I spent a couple weeks there in 2010. The Dollar:Peso rate was 4:1 and we lived like kings. It's like 400:1 now. I'd be scared of getting shanghai'd.
That's the official rate, the rate on the street is 1000:1
1100:1 by now....@@alancheatham981
@@alancheatham981the street rate is speculative and illegal. Recently detained owner of street exchange had ties to Sinaloa cartel, and a complex setup of tax havens enterprises to siphon official rate dollars and selling them for profit
This hasn't aged well...
How so? The yearly inflation rate has not decreased, monthly is useless and it’s a talking point of milei to appear like he is doing anything and poverty rate is getting closer and closer to 60%
We are not quite there yet, we certainly are heading in the right direction, but there's a long way before we can officially exit the never ending loop of crisis, but I do appreciate the optimism
@@ericktellez7632 well firstly the title is assuming he will most definitely fail, as if the channel was the Oracle of Delfos, kind of arrogant in my opinion. "It isn't over till it's over",
Secondly: the forecast inflation for 2024 by most of the top consulting firms was around 250%, and even assuming next months doesn't show even lower inflation than June, the full year number would be 115% tops,
Thirdly: if you REALLY take a look at the severity of the economic situation the previous governments left, you would at minimum estimate a two year period to stabilize the situation, many people are not being that patient and it's hard to believe it has nothing to do with a strong bias against the current president's personality, ideology or even the fact he is not a peronist (which would be almost like pretending argentina should be a 1 party state.)
as a Brazilian, Argentina is the cheap place we (the citizens that have the money to travel abroad) usually visit because of their currency being so much cheaper, and their Spanish is not so hard to understand. Despite the rivalries in soccer, we get along really well. Being so close and intertwined with Brazil, everyone here is used to hearing about the instabilities that happen in Argentina. We even use the same license plate, Mercosur is really working out well for everyone. I expected less from South America lol.
it depends on the time and economic situation. You are not the best organized economy in the world. Historically for us was way lot cheaper to go to your country. Depends on the side of the economic curve we/you are, one country is cheaper than the other. Remember buying cheap clothes from your country. Thankfully you are improving but the quality of your products is still mediocre. Check on the cars produced in Brazil: the same car that is globally produced, the brazilian version has one or two less security stars than the same model for Europe or USA.
@@biko331966but it's way more organised than Argentina. We are not sinking on inflation, as you guys are. All the time.
@@joaopedrodamasio9833 'you are a third world country with a lot of population that make a internal market. As a country, you are also a mess, with a lot of racism and inequality. You dont live in Monaco.
@@biko331966 So are you, argentinians... And gettin worse by the minute...
@@biko331966 kkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk, this comment is so ridiculous coming from an argentinian I couldn't help myself
1:04 Venezuela's GDP per capita higher than Argentina and Chile? No way haha, I checked the World Bank data being cited, and that data hasn't been updated for almost 10 years for Venezuela, last measurement was recorded in 2014... Nowadays who know's where that is in reality, my guess would be around 5.000 but honestly I have no idea
Yeah pretty dumb comparison would have been more interesting with the smaller but good economies of Uruguay and Panama
$3500
Also GDP per capita does not reflect the well-being of the population, only the wealth of a nation capriciously divided among its inhabitants, but in no way does it reflect social security or the value of a state in the face of the markets. Venezuela's GDP per capita is only sustained by its oil fields, when there are strong restrictions on access to that resource for the population.
well, with an economist as a president, I hope things get better for us.
Not just any economist. He's a big fan of the Austrian School of Economics (free markets) which is vastly superior to Keynesian economics (centrally planned).
No, the real power belongs to those who have been doing the most damage to the country at least since 1976. We are condemned, doomed, ruined.
As an Argentinian, I find the video very inspiring. Thank you.
Inspiring or distressing?
that means you'll stop voting for the ZURDOSdemmmm. right? RIIGGHHTT???
inspired to change rather than repeat the sins of past leaders I hope😅
As an Argentinian, I like to start my sentences as an Argentinian.
Argentinians have European ancestors....... They can migrate to Europe expecially Italy and Spain. Italy give citizenship to people who have italian ancestors. Just saying..... 🤷♂️
Also grants 🇪🇺 access.
Vengo del futuro.
MILEI gano.
Hay esperanzas y MUCHA FÉ.
Que se joda EE. VIVA LA LIBERTAD CARAJO 😎
There's a latinoamerican saying that goes "The problem with Argentina is that it is filled with Argentines."
Protectionist pro-business policies, instead of pro-market policies, meant subsidies for some domestic industries. These industries then became lazy, corrupt, and unable to compete with foreign industries. Sadly, the situation lasted long enough for the people to get used to it, and now it's politically impossible to let go of protectionism, because many protected industries would collapse overnight. This would leave a lot of people unable to afford basic necessities for an undetermined amount of time, which will lead to political instability, and even more chaos.
That's why we somehow make electronics in the literal southernmost city in the world (seems nobody took into account shipping costs if we were ever to export those abroad) and we drive outdated cars from 20 years ago still being produced here rather than newer European or American stuff that compresses like a soda can in crashes and still lack sufficient airbags or driver aids. But go forbid we lower tarrifs to import better car from abroad, we NEED to keep those 10 k jobs at automotive factories no matter how much damage those cause in the roads everyday.
@@mafiousbj I visited Ushuaia in the spring of 1981. Ushuaia, part of the province of Tierra del Fuego, was made a tax-free zone to encourage business and residents to move there. To me it would make more sense if more international businesses would take advantage of this de facto enterprise zone and set up shop there.
@@jscotthamilton5809 yeah but did we need to put the tax free zone literally in the edge of the world? Patagonia is huge and has tons of milles of atlantic coast, no need to go so far south to such a remote location. Even internally is a pain moving any production in Tierra del Fuego north to where people actually live. It barely incentivized anything because the goverment didn't follow it through with housing or incentiva to moving, together with proper infraestructure.
@@mafiousbj wait are you talking about Australia 20 years ago?
@@MrTaxiRob very similar to the Australian automotive industry, yes. But way worse safety and quality standards here 😂
Doesn't it double as "No matter how badly you mismanage Argentina, it can't quite completely fail."? Yay perfect geography.
I know it may be too late, but reading Mario Rapoport's books on argentina's economic history is extremely revealing on possible causes. You can also find Horacio Ciafardini's works constructive, even if he may be a bit more extreme. Argentina has a long history of economic and politic turmoil, and is an excellent case study on how a country's economic policies and the rest of its politic structure interact with one another and shape each other.
I was in Argentina doing a business recon trip in 2018 up in the northwest where it's poorer. I was told by the local farmers that the government would come in and tell them exactly what it is they would grow, and if they didn't tow the line then it was tough luck for them. Nevermind that the profit margins were razor thin. An argentinian couple in the elevator at the hotel told me argentina would be great if it wasn't for the argentinians....
But they are some of the nicest, most giving people I have ever met.
That's one of the many issues with rampant protectionism.
Argentina for all intents and purposes is a state-planned economy, and this is the cause of most of the issues shown in this video.
Basically, while you could argue America is Neoliberal while the EU is Social-Democratic to explain some of their differences... Both of those systems are in the end very much in the liberal/capitalist side of the spectrun. Argentina's system is very much still socialist, not as much as some of the big names (China, USSR...) but in economic matters they're in that side of the spectrum, by a lot.
And that just ain't no way to stay afloat nowadays. Not unless you're willing to go full state capitalist like China and turn into a dictatorship.
@@thespanishinquisition4078just asking what if they got really good processing power to make a solid plan, is the system will work ?
Weird, ive had the exact opposite experience, since im mexican (which they hate) they act extremely racist towards me, I have never had a good experience with Argentinians.
@@canofsouls282 I always find a number of mexicans watching and commenting in Argentina related videos. I don't know why you're all so obsessed with us
Some of the most racist too
The change is coming with Milei. I have hope for my country in 28 years of life. Vamos Argentina 🇦🇷
Dude, 40% of the country lives in poverty. How can you say they are doing good?
60% mas o menos
I’m done trying to explain why Argentina is doomed. I left the country and will never come back. You have this one life. I wish the best to my fellow countrymen living there.
no volverias ni aunque mejorara la economía y la seguridad?
@@alejandrogambardella4168 probablemente más gente quiera quedarse/volver ahora, pero los procesos para repara el daño hecho por el peronismo tomará décadas y aquellos que se fueron ya tendrán una vida hecha en otros países para ese entonces.
@@alejandrogambardella4168 No. Mi hijo ya nació en otro país y tiene su vida acá. No tengo otro hijo.
@@maxpower252 igual te banco, todo es incertidumbre hoy en dia, igual ahora con milei parece que todo va a mejor
@@alejandrogambardella4168 Ojala cambie. Yo aporte con mi voto desde el exterior.
Man, I have a friend in Argentina, and I worry for him and his family. He's recently touched on what's been happening there.
Why you're worried? I am Argentine and I am not worried. I am worried about the people of Europe
Bruh, we argentinians are built diferent. As someone else Said, we are More worried about whats going on europe AND the rest of the world. We were born in chaos AND we embraced it
@@Nighttimeqt1 Nosotros siempre vivimos en crisis, así como muchos otros países. Creo que se nota más porque nosotros somos más concientes de nuestra fragilidad.
La gente de otras partes del mundo solamente ven la propaganda de campaña de Milei y Massa y se vuelven locos. No ven el país día a día.
Por mí parte estoy más preocupado por los europeos que por mí, porque en el peor de los casos voy a ser un poco más pobre,quizás por un tiempo.
En cambio los europeos nos miran desde arriba y sienten lástima, pero sus países están al borde de la guerra. Todo su mundo y su economía puede colapsar en un par de años y no son concientes. Ucrania fue un cachetazo de realidad para muchos
@@marceloobregon8513some of us are actually being affected by the politicians propositions though. OP may be referring to them.
With the elections comming up I was talking with my friends about all this.
My feeling has for the longest time been, and continues to be that this country will not get better in my lifetime. As you mentioned we’re not in armed conflict, not starving (at least 50% of the population) and living here is generally ok if you compare it to other poor countries in the world, but if you want to live in a better economy you really need to leave the country because you’ll never get that here
No el 50%... El 40%!, Cada dia mejor argentina.
@@A.NoOne0sea Massa o Milei, el futuro de argentina es liberal por suerte.
@@fooly7303Si miras la historia de Massa no estaria tan seguro de esa afirmacion.
@@fooly7303 Ya tuvimos una buena dosis de liberalismo en los 90 y terminamos como el ojete, tanto así que Néstor surgió como la solución. Imagínate lo podrido que terminamos
No se vayan. Alguien me tiene que pagar la jubilación
Seeing something like this hurts me a lot, I had to emigrate from Argentina due to the crisis, I hope for the day when I can be there again, but it is also true that in my entire life I have not seen a single price go down in Argentina, always go up, now Not to mention inflation...
Y no lo vas a ver nunca
The real problem in Argentina is that there is too much corruption, drug trafficking and corrupt politicians who are only there for the salary. If they eliminated social plans, reduced excessive spending on campaigns and politicians' salaries, put an end to drug trafficking and crime and rigorously controlled spending on public and private works (because seriously, this is not the first time on television, the internet and even people see how they spend more than necessary on works that in the end no one finishes) Argentina would undoubtedly be a world power.
Here ik paraguay, they use goverment drug trafficking to improved the country ik some ways lol
Básicamente eliminar al peronismo/kirchnerismo y se arreglan nuestros problemas
Argentina's problem is the lack of industry, investment in development. Corruption, drug trafficking and useless politicians abound even in the rich first world countries
@@marceloobregon8513 para que queres industria marcelo? ponele que te pones a fabricar cafeteras (es un ejemplo). En China ya las hacen, en masa, a bajo coste y de mejor calidad. Si hicieras cafeteras tendrías que salir a competir con china y todos le comprarían a china y vos te quedarías como mucho a sostener el mercado interno. Ahora aplica este razonamiento para cualquier otro producto que tengas en mente que no sea nuevo e innovador y te darás cuenta que el problema no es la "industria". Argentina tiene puntos fuertes como la agricultura, ganadería y sus recursos naturales. Que comercie los mismos al máximo de sus capacidades y con eso bastará para tener un país rico. Cada día crece más la necesidad de recursos como los que Argentina tiene para poder mantener la superpoblación vigente.
@@strongest32 Por eso se debe subvencionar a la industria y las pymes como hizo Roosevelt en USA con sus New Deals. Si abrimos el mercado y dejamos q se funda lo nuestro, puede venir China a vendernos ollas a nosotros al triple del precio q las ollas Essen, y en ese caso qué hacemos, no comprarlas? Si no nos queda otra.
Es el modelo económico q teníamos en el 1800-1920, y terminó cayendo con la caída de la División Internacional de Trabajo. Vendíamos cereales a países como EEUU y EEUU empezó a producir sus propios cereales. Si hubiéramos tenido una economía diversificada (con industrias de todo tipo y no solo venta de materia prima agrícola barata) hubiéramos zafado de la caída.
China justamente es un re buen ejemplo porq su régimen controla y apoya las empresas mediante la "economía dirigida". Tienen una economía mixta donde la mayor parte de las empresas y del país son del Estado y Macao+Hong Kong son zonas liberales.
At 1:03 those gdp per capita estimates for Venezuela are very outdated.
From like 10 years ago. Now it is like 3.000 usd
At least Argentines aren’t forced into eating house pets and pigeons
@@xxxBradTxxxwhich country are you referring to when you talk about pigeons?
@@NaSaSh1087 Venezuela
I appreciate that line about the people who did not see the benefits after WWII.
Since you've just covered Argentina, it would be awesome if you did Chile in the future. Thanks!
Vivo aca, weon! 😀
Chile is in the same prediction as Argentina
@@sn350channel
No, Chile has a tradition of strong institutions, a decent -but not advance- economy and democratic stability, with the Allende-Pinochet period being the only exception in more than 100 years.
Yes, we have a actually some problems like a inflation spike in recent years caused by too much fiscal stimulus due to covid -19, which caused high interest rates, but our problems are more social and political than economics.
First, we have a wave of rising criminality, and violence never seen before caused by criminal organizations of foreign origin. We used to have open border to other latinamerican, many came and that caused a lot of unstabilty and social friction between natives and inmmigrants.
Finally, we still cant decide having a new constitution, and political polarization is also on the rise because of that.
ua-cam.com/video/vu22RNjjrG0/v-deo.htmlsi=gC0bqedJEeGi6nIm
@@DendrilopisXaggroestán todos quebrando no va a ser económico
We did it.
That's right you guys did. I was so surprised but incredibly happy for you guys to not have to pull a Venezuela anytime soon now.
@@stevencooper4422 we still have to be careful because these comunists are a cancer, dont be surprised if tomorrow all the syndicates make their members stop the work, they have been planning a coup since milei got popular. but their stealing is over now
30% de inflación mensual actualmente
@@gonzabaldassarri ? Y cuanto antes?
¡VIVA LA LIBERTAD CARAJO!
You should have mentioned the ideas that came out of CEPAL, which was a UN comission that was hugely influential in all of Latin America, Africa and Asia at the time. It cemented all the ideas of import substitution that grew out of the economic fall out of the 1929 crisis.
The CEPAL has being the worst for LATAM. That crazy ideas of import substitution never worked.
@@amermeleitorthey work but they weren't properly implemented, as the people expected capitalism to work in a non-capitalist state.
ua-cam.com/video/EeCu8pMHma0/v-deo.htmlsi=PVzY7N78BGatzfy6
@@rafaelacosta5724 nope, it didn't worked just because it didn't take in account the comparative advantages. Watch to Australia, as one of the wealthiest counties in the world, without "import substitution". They export commodities and services. Their technological advances aren't related with substitution of imports. Even countries with high intervention of the government in past decades like Corea and Taiwan didn't substitute their imports, they produce to export and generates new tech every year. The substitution of imports never had any sense
Taiwan also adopted import substitution. You can still see a few very small legacies of this, in the automotive industry there. Importantly though, Taiwan realized it doesn't work and abandoned it. The important thing is to learn and change things, not leave them the same.
The mountains you show "Torres del Paine" are not in Argentina, but several.hundreds of KMS away in Chilean Patagonia
NOT ANYMORE! this is the end of comunist and the start of libertarians in argentina!
left still have majority in your Congress, its not over yet. dont forget to pressure the Congress for change
Comunismo, hermano no tenés idea de lo que significa esa palabra. En todo caso socialista
From an Argentinean educated native that has studied the local economy and history for years I can say: your are so spot on. Very impressive
le faltan muchas cosas, asi que no digas boludeces
Yo, argentinian history teacher here.
Great video, full of accurate info about the whole situation, really nice work you have here.
Although, I did wanted to say the following regarding how you tie up all the info into your analizis, and that is that, we as a culture with our history, customs and our nerve, have crafted our own narrative about what has happened in Argentina throughout every event that you have mentioned. And although I see where you come from, and some of the sources you might have used, I just wanted to say that as an argentinian, I feel weird having a foreign talk to me about how social and political processes in my country have affected my economy not having lived in Argentina ever.
I think you have done amazing with your info and getting your numbers together, I just think that based on those numbers you make socio-political analizis in things that differ from our own narrative, and given what we, and many other countries feel about Americans, it's not nice to say the least in my opinion.
For example, at a certain point you mention that part of our issues have been regarded to corrupt and charismatic politicians, which is not necessarily how we narrate it. There are certain parts of argentinian society that gave that story to the rest of the world to push their own agenda on what was happening at the moment, and called populist to leaders just because they were opposition and the right took that to tell our story as if we were a dumb and voted nice faces with expensive suits.
So, i think is great if you wanna expose a situation, and information and such, but call yourself able to explain why we are doomed unless you have lived many many years in Argentina, from an American, it's an overstatement to say the least.
Although what i have said, i appreciate the content and get that you are a youtube trying to talk about things that other people dont talk about much. It's more about how you framed the video than what you actually said in it. In my opinion, if you are not really familiar with the culture you are talking about, maybe abstain to make bold statements such as "i know why this fails and its because A, B and C" because even though we can always say "it's my opinion" at the end of every phrase, if we talk like we really know our stuff, defeats the purpose of claiming subjectivity.
Having said that, dunno how it came out but i like what you've done, I'm just giving you honest feedback in case it helps you to improve your content and the narrative you bring with it, hope it helps, and please don't explain me why my country is f*cked, just help me know the details.
"argentinian history teacher here"
Thanks for the quote bud, weird choice but i feel you
"we as a culture with our history, customs and our nerve, have crafted our own narrative about what has happened in Argentina throughout every event that you have mentioned."
you mean nationalist propaganda? yeah we do have that.
Does culture, customs, history and nerve translate to "nationalist propaganda" in your vocabulary? Then yeah, I guess so
I agree with everything this guy said (I'm Argentinian myself too)
As a argentinian, you have more faith on my country than me.
entonces renuncia a tu passport! Who is forcing you? :))
This what yall get for being racist towards black folks no sympathy at all
As an Argentinian myself I look forward for the title of this video to age like milk.
With milei Argentina is the first 4th world country
@@ingenieroriquelmecagardomo4067 your username makes you 4th world. just saying.
A: Peronism. Left Peronism, right Peronism, national Peronism, social Peronism, democratic Peronism, autocratic Peronism. Peronism for breakfast, Peronism for lunch and dinner.
MILEI PRESIDENTE CARAJOOOOO
Something tells me this video will age like milk.. VIVA LA LIBERTAD CARAJO!!!
Ojalá amigo. Ojalá...
Viva la libertad carajo!!
Guess what...
I love how this video already paints us in poor light and yet the comments are full of argentinians saying "nono you got it wrong, it's even worse".
Saludos desde Argentina loco
I'm no economist, but isn't there something better than GDP per capita? The average household income varies wildly in countries with about the same GDP / head. Some places offer a low cost of living, clean & safe streets, good healthcare, free education and some don't. It's not just how much money you make, it's also how you spend it.
I may not be as concerned with macroeconomics, the focus of the channel. But it's also constantly stressed that it should all be for the benefit of the people at the end of the day. Who cares about GDP rankings if you can't rent an apartment or can't visit a doctor. There just has to be a better indicator
GDP per capita by purchasing power parity. Guess you can pair that with GINI coefficient.
There are better ones
The Human Development Index (especially the inequality adjusted variant) covers income per head but also variables associated with health and education
Using a longer time line solves most the problem, but the reality is every number can fool you. Most stats don’t actually measure what people think they measure.
Well, for starters average household income is one of the most useless metrics ever. Please never use household anything.
@@octaviodamico4996HDI is very widely considered an absolute joke.
"People are not wealthy but they're not starving"
Can we tell them about what's going on in the provinces of Chaco, Santiago del Estero and Formosa?
Formosa is doing fine other than the thing with China.....wait which Formosa is this?
What does Taiwan have to do with Argentina?
@@felixsubakti6907 The one province you cant elect over one governor who ruled over 28 years ago
@@andrelee7081 Formosa is a argentinian province
There's Formosa the former name for Taiwan, and there's Formosa the NE Argentine province.
Javier Milei would now like to have a talk with you
OID MORTALES EL GRITO SAGRAAAADOOO LIBERTAD! LIBERTAD! LIBERTAD!
ok
I did "not see" that pun coming 😂
I can not see any other mention of it... 😅😂
Tying up loose ends is difficult when it's that kind of knot, see?
I think your approach is correct in general, especially because the analysis is seen from a macro perspective.
As an Argentine I would only like to highlight that the Argentine problem is not its people, nor its industry, nor the shortage of natural resources; but its political leadership.
Unfortunately, since the return of democracy in 1983 and until today, a way of doing politics based on mafia principles has been developing with the sole objective of stealing taxpayers' money for the personal enrichment of those who exercise functions in the power structure. , to the point of currently meaning that everyone who approaches public office does so to get rich, there is no will to exercise the function of the state for the common good.
Populism, which has been in power for almost 20 years, with a brief interval from 2015-2019, has used the needs of the people for its own benefit, leaving billionaire rulers and/or former rulers in exchange for millions of people sunk in poverty, and the most serious thing is not the economic aspect but the cultural and educational degradation, something that takes much longer and is more difficult to reverse than the economy, since fewer and fewer citizens correctly understand what the basic mechanisms are that lead to economic stability at a microeconomic level, since there are already generations of Argentines who have become accustomed to state handouts for their survival, instead of looking at work and education as the main engine of progress.
Alto Hater loco. 16 minutos explicando porque nunca vas a tocar pasto.
Tiene sentido lo que explica
@@NOCHABON-zr6imsi, pero aparte de dar clase de historia y economia entre otras cosas el punto objetivo era "politica corrupta y mala gestion" y 16 minutos para llegar a eso sobre todo con las circunstancias del cambio de presidente digamos que es alargar el video al pedo
@@SGT78no será porque el público objetivo del vídeo son anglosajones extranjeros que no tienen porqué saber del país en nada... No sé, digo viste 🥴
@@brunogomez2984 Y si no tienen que saber nada del pais ¿Entonces cual seria la finalidad del video, la idea de su concepcion?
@@SGT78 Porque Milei es un showman que vende afuera del país, tan difícil es che?
I could have sworn we covered Argentina before.
swear???????
was looking for thisss, i think it's already been covered...
its 20 days before elections so maybe its based. I SUPPORT THIS. BASES ISNT NECESARILY BAD :D
@@thatdude9091 sworn is the past perfect form of swear.
----------------------->
^the joke
-
^you
(i was not correcting his grammar, i'm not sure why you thought I was?)
Most Argentinians make about $300 USD, if that. Most retirees are surviving off of about $100 USD a month.
The information displayed on the video appears to be extremely inaccurate in that regard.
Source: I am a resident of Argentina.
they wish, the average salary was a little above 100000 ars, with the usd arround 900 ars that is a little above 110 usd/month
despite that, that number should be adjusted by purchasing power, a usd dollar goes a lot further in Argentina than the US or Europe, I remember reading it roughly translates to something slightly below 20k a year on the US
source: also from Argentina
Amen, but he can only go off what the government says.
@@benchoflemons398 We're talking about the same goverment who caused argentina to be banned from the IMF due to fraudulent data? Yeah, Argentinian goverments are quite prone to lying and people know it yet still vote for them; I swear BDSM and whips have to be popular there.
At the end of the 19th century and beginning of the 20th century, the data available about Argentina are very few. The per capita GDP is taken without taking into account the class differences that existed. Just as a lot of money came in, it was for a few. In fact, it is the time when Argentina reached the highest levels of malnutrition! so I don't think it's right to say that it was a good time for the country.
Argentinian here, gran in business administration and economics, I work at fintech and Im quite close to Milei's ideas since many years ago (not from him, but from other authors). Milei will change our country radically. Similar to Iceland case, were the country was sunk in corruption and a terrible economic crisis, Milei will try to fix the problem from its root: the politicians and the size of the state. Chopping the size of the state to the bare minimun just cleans out corruption to minimal levels.
Whatever our goverment touches, it becomes corrupted. Being it education, healthcare, infrastructure, etc. Giving away every single thing that can be done by the private sector is a smart move because no private wants to lose money and competition is always good as it makes companies provide better quality services. If the goverment just regulates correctly those services it used to provide, you got yourself a healthy working and growing country.
Those who fear the idea that he will erradicate every single goverment office, are those who are parasytes and depend on others taxes money (and they are a lot of people!). But we wont fear leftists and parasytes. Those who work their asses off will support Milei on every action.
Viva la libertad, carajo!
With milei Argentina is the first 4th world country
You should never mention Venezuela in youe stats, looks silly. You should have the sense to know the gdp per capita of a Venezuelan is nowhere near that of Chile, let alone higher.
WITH MILEI WE CAN, LETS GO ARGENTINA YEAHHHHHHHHHHHHHHHHH
Depending on the value of my estate when I decide to retire, I'm considering moving to Argentina. Nice people, good weather, and your money goes further than most places.
Good health system too
Me too, but watch out for taxation issues
@@rogeliosanchez894Faltan insumos y muchos hospitales públicos están cayendóse a pedazos.
@@rogeliosanchez894 que buen chiste
I really hope you dont. Criminal rates are up the sky and there's currently a shortage on medical supplies, and it doesn't seem to be geeting better anytime soon. You're probably better anywhere but here without having to worry about getting killed for a phone on the street
As a 20yo argentinian who is now part of my family productive sustent, all i hope is to finish my career soon to have a cheap online job to be payed in dollars and help my family keep living as we lived months ago. Is depressing to know not only you can't keep paying for some goods like for example a good meal on christmas or birthdays....but basic needs starts to become a nightmare to pay each month too. My mom did a well job not teaching me about it until i got older so i don't get frustrated too 😢 i miss her
As someone else said, the GDP is not a real one because is using the "official" exchange rate that no one has access to. It should be measured with the "dolar blue". The official exchange rate is at around $360 and the dolar blue is at $980, which some spikes recently between $1000/1200. So that value should be much worst.
"blue" for anyone from abroad that might be wondering, means "drug money laundered through the back office of some unrelated business front"
@@cfv1984 not at all, it's just the informal currency market that we have to resort to since virtually no one is allowed to use the official one, it has nothing to do with drugs or money laundering.
@@cfv1984idk what you are on about but "blue" is the exchange rate everyone can access, the "official" dolar can be purchased by almost nobody. It's an imaginary dollar
That he put Venezuela above Argentina in that example should be cause for taking away his degree.
Like yeah you guys are not doing ok but yours are rookie numbers compared to us at least at the moment
It's heart breaking to see how the people of Argentina suffer over and over again.
Rich argentinians don't, like pretty much everywhere else in the world economic periphery.
@@totoro5421And? What is the problem? Boludo.
Meh.
We are gonna get out of it.
And we are going to suffer again.
And then get out of it.
And suffer again.
Most of them are dumb enough to want it that way. It’s sad that the few have to suffer the consequences of the stupidity of the many.
except politicians, they never suffer here.
Gano milei la concha de la gorra, vamooooos
Can ya'll do an episode on Colombia?🇨🇴
Columbia: *Looks at Venezuela* ... *thinks* Well, that looks good 😅
Unfortunately he prefers to do already covered countries for those mighty clicks and views.
No, let's talk about other 208 countries.
I love the "did not see" jab 😂😂
It’s called a lack of capitalism and a lack of financial responsibility on the governmental side.
Argentina is capitalist, wdym? Do you mean a free market? Cause thats another thing entirely
From today, 19/10/2023, onwards, things might just go our way for once. Viva la libertad carajo
8:08 may be one of the greatest subtle puns of all time
That was amazing when I got to it :)
Could you make a video on Milei and the current situation on argentina?
Do Romania next please! One of the fastest growing economies in the EU.
gano milei felicidades argentina!!
Do another one on its neighbour Uruguay, which has a similar story but has taken another path.
One thing: it's "Malvinas" not falklands, sorry
Sorry that’s a regional name.
?
It's funny, this video has already aged like fine wine.
As it was expectable...
Argentinians rather win the FIFA world cup than a strong economy,is not a joke their secretary of economy actually said it
As an argentinian who watches your channel for the first time, I was fearing you'd go all "it's Perón's fault" like in a video I saw before, but actually you got the bottom line right without involving any political parties. I do think that our curse is in our idisioncracy: As part of the people, I can say we don't trust the system and we never will even if it tries to benefit us, but also we will fight with claws and teeth to defend it, even (or especially??) when it opresses and robs us.
The "lowering standards of living" bit sounds suspiciously similar to "El ajuste" as many people call it, that would supposedly help us recover
But Indeed it's Peron's fault
VIVA LA LIBERTAD CARAJO 🦁🇦🇷