this post was submitted on 18 Oct 2023
19 points (100.0% liked)
World News
22025 readers
83 users here now
Breaking news from around the world.
News that is American but has an international facet may also be posted here.
Guidelines for submissions:
- Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
- Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
- Do not post ragebait or shock stories. These will be removed.
- Do not post tabloid or blogspam stories. These will be removed.
- Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
For US News, see the US News community.
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That's actually the best summary I've read for a long time.
Having said that, besides Milei being a right-wing misogynystic asshat, linking the peso to the dollar might actually do the country's economy a lot of good in the long term. It has been tried before - sadly unsuccessfully because the rampant corruption in other places more than negated the positive effects, so Milei's success there probably depends on a) whether he actually does what he's promising to do, b) whether the new government actually will be less corrupt than the current and previous ones (though being any more corrupt than the Kirchner clan is going to be super hard), and c) whether the people will support the changes long enough once they realize that it means they too will get less subsidies and government hand-outs.