Argentina: the crisis is hitting the workers
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https://thediplomat.com/2024/11/from-tension-to-understanding-argentina-china-relations-under-milei/
At the beginning of Millei presidency he said that he was not going to make deal with communists in regard to old agreement made between the Peronists government and China, and new agreement under his government, but as a right wing demagogue the situation is changing, it was just parrot talking. Chile which is close to Argentina border is the backdoor of Chinese commercial deal in the southern part of South America. The real threat for the USA ruling is not the Chinese influence in the Panama Canal, the challenging is commerical routes
This is not the right thread for this, but the others I considered aren’t either. There ought to be a way to search for threads by thread-name. There is probably one called ‘inflation’. (Or several that at least have ‘inflation’ in the name.)
Anyway, here, international busybody Musk praises (as ‘perfectly articulated’) the explanation of, and cure for, inflation preached to a group of industrial workers by the next Canadian prime minister:
https://x.com/elonmusk/status/1876503555739415034
showing that the Conservatives are the party of the ‘have-nots’ while the Liberals are the party of those with yachts.
The Canadian Tory party leader Pierre Poilievre seems to be confusing overissuing cash with quantitative easing.
Overissuing “cash” (the word he uses) in the generally accepted meaning of the term (of notes and coins) would cause the general price level to rise as he says. But QE was designed to cause only asset prices to rise. It didn’t affect the price of apples (his example).
But it did have the effect he says of making the rich richer. That was the intention. The authorities thought that if the rich and corporations had more money they would invest more. It didn’t work as, in the absence of profitable markets, they didn’t.
Whether the have-yatchs who tend to support his party appreciate him criticising their feeding trough can be open to doubt, but they will understand the need to dupe the workers into supporting a party that supports them.
In any event, QE was not used to finance government spending as he seems to be suggesting.
A so called libertarian and anarch-capitalist government ( another contradiction ) that needs the state and the repressive forces of the capitalist state.
They are also borrowing money and renegotiating the state debts with the the IMF, another contradiction
More evidences that capitalism ( and any class society ) can not exist without the intervention of the state apparatus.
Only socialism that must be a classless society can be a stateless society
Repression against the elderly and retiree, and some of them voted for Milei
https://www.piratewireservices.com/p/who-exactly-voted-milei-into-power Most populists right wing leaders are supported by male voters, and a very strange situation is taking place . many young peoples are also voting for them too
The economic experiment of the Monetarist started in Chile falsely called Neoliberalism, and that was the term ( Monetarism ) used by Milton Friedman .
Argentina is not an insignificant “Third World” economy. Indeed in the first decade of the last century it was heralded as the country which was most likely to “take off” and join the advanced capitalist states. it was called : “the United States of the southern hemisphere”
Argentina: 100 people arrested, injured in protest that shakes Javier Milei’s chainsaw regime
The Tories must be pretty desperate if they are aiming to emulate Milei to try to regain popularity:
The Anarcho-capitalists who infiltrated and virtually took over the Young Conservatives in the 1980s and 90s will be pleased (that is, if they are still Anarcho-capitalists).
The so called anarcho capitalist president of Argentina was not able to keep total isolation, he had to cease restriction from the exportation of the mining industry.
He is known as the “Argentinian Donald Trump” or probably the opposite way, but the USA has been practicing isolation and intervention since the time of president Monroe, therefore, it is not a new phenomenon
When Albania was governed by Enver Hoxha they tried to isolate themselves from the advanced capitalist countries, and it did not work, it produced more poverty and hunger,
It shows that economic isolation has been taken into practice by right wing populists and left wing populists too
The socialist party case has been proven again. Anarcho capitalism ( or mini ) is not working. They need another injection of money from the US financial sector. From a first-world country to a third-world country
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https://publicacionespoliticasyeconomicas.blogspot.com/2025/09/un-anarco-capitalista-explica-espanol.html——————————————
https://publicacionespoliticasyeconomicas.blogspot.com/2025/08/un-capitalista-explica-em-novembro.htmlArgentina’s president drops his chainsaw.
In this forum, it was indicated that the election of the president of Argentina will show that anarcho capitalism does not work; a stateless capitalist society is just a fallacy.
https://theweek.com/politics/under-siege-argentinas-president-drops-his-chainsaw
Like the prior left-wing and Peronist governments
The US is planning to extend a $20 billion loan to Argentina in support of President Javier Milei.
During his political campaign, he said that he was not going to increase the ‘national debt”, but he has borrowed more money from the IMF
Javier Milei deepens Argentina’s IMF debt trap with ‘emergency’ loan
A situation similar to this one can take place again. They continue borrowing money, they can replace the national currency with the US dollar, and the economic crisis will continue.
They have done that in other countries in Latin America, and poverty, unemployment, emigration, and economic crisis have continued.
The problem is capitalism. The left-wingers ( Trotskyists, Castroists, Gramscists) think that replacing the president with one of their own is the solution, but they have also been kicked out by the workers.
Anarcho-Capitalism: A Contradiction in Terms
The president of Argentina is now a rock n roll star. Political theory has been thrown in the trash can.
The ex-president of Haiti, known as Sweet Micky, is also a rock star
A so-called Anarcho-capitalist government using the repressive forces of the state. Protesters can be killed, as in the old days of the military dictatorship. A change of government will not make any difference
Buenos Aires, Argentina – Jonathan Navarro, 33, can pinpoint the exact moment his life changed forever. The moment constantly replays in his mind — and it was caught on video.
It was nearly 5:30pm on March 12, and a group of pensioners was staging their weekly protest in front of Argentina’s imposing Congress building, its green-tinged bronze dome looming overhead.
Hundreds of demonstrators had joined the retirees to denounce cuts to government benefits and call for an increase in pensions.
Navarro was one of them. He had travelled from San Martín, on the outskirts of the capital Buenos Aires, to protest on behalf of his father, a retiree who is struggling to afford his medication.
Milei is winning the midterm elections in Argentina
BUENOS AIRES, Oct 26 (Reuters) – Argentine President Javier Milei’s party cruised to victory in midterm legislative elections as voters handed him a mandate to keep pushing through his radical overhaul of the economy despite widespread discontent with his deep austerity measures.
A relief to Milei, whose poll numbers had sagged in recent weeks, the results are also likely to please U.S. President Donald Trump, whose administration had faced criticism after providing Argentina with a hefty financial bailoutHow does the US-Argentina currency swap work?
Debt, aid, a bailout? What you need to know about the US$20 billion deal between Buenos Aires and Washington, DC
What is a currency swap?A currency swap is when two countries agree to exchange sums of their currencies. Once the swap is agreed, the country has to “activate” the swap to draw on the funds. When it receives the money, it can use it freely, although it is typically spent on imports from the other country in the deal, or to pay debt.
President Milei has explained the agreement, saying: “We have US$20 billion of credit, and they have credit equal to that number in pesos. It is only activated when needed.”
This means the U.S. Treasury commits to deposit the money in Argentina’s Central Bank, and Argentina does the same with pesos — but they don’t actually make the payments until the swap is activated.
The swap becomes active when one of the countries decides to use the money. Once that happens, it becomes part of the country’s international reserves.
The country activating the swap does not necessarily activate the full amount in one go.
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