As we were about to publish the latest editorial of the Argentine section of the IMT, concerning the first budget announcements of the new government of far-right demagogue president Milei, he doubled down: announcing by decree the abolition of over 300 pieces of legislation, which regulate economic activity in a wide range of fields. This is an unprecedented, ultra-liberal assault on the rights and living conditions of the working masses, introduced using undemocratic emergency decree powers. The announcement provoked a spontaneous movement of protest, with thousands coming out into the streets of Buenos Aires, as Alejandro Spezia describes in this special update (the original article follows after).
Argentina: the movement against Milei has begun
Tag: austerity
Milei Couples ‘Total Crackdown’ on Protest With Economic Shocks in Argentina
“Protest is elemental to Argentine social and political life, so it’s not difficult to imagine how this ends,” said one journalist.
Milei Couples ‘Total Crackdown’ on Protest With Economic Shocks in Argentina
In first speech, Argentina’s Javier Milei warns nation of painful economic shock
BUENOS AIRES, Argentina — It wasn’t the most uplifting of inaugural addresses. Rather, Argentina’s newly empowered President Javier Milei presented figures to lay bare the scope of the nation’s economic “emergency,” and sought to prepare the public for a shock adjustment with drastic public spending cuts.
In first speech, Argentina’s Javier Milei warns nation of painful economic shock
Related:
With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum
On the strategic relationship between Venezuela and China
During a state visit to the People’s Republic of China in September 2023, Venezuelan president, Nicolas Maduro met president Xi Jinping and both agreed to strengthen the relationship of their countries by establishing seven sub commissions to elevate it to the level of ‘all-weather strategic partnership’. This is the culmination of a relationship that began with president Hugo Chavez’s first visit to Beijing in 1999, the very first year of his presidency.
On the strategic relationship between Venezuela and China
Milei to meet with his masters
Argentina’s right-wing president-elect to meet with top Biden adviser
Milei’s meetings in Washington ”are protocol-driven to explain the economic plan: fiscal adjustment, monetary reform, state reform and deregulation,” a Milei spokesperson, who declined to be named because he was not authorized to talk on the record, said. “It is not in search of financing.”
Related:
WILD CARD: Milei’s Agenda To Adopt US Dollar vs. BRICS Bloc
Atlas Network wins Argentine election
Despite Massa’s victory in the Primary round, Milei wons this Sunday elections.
With more than 94 % of the poll stations scrutinized, the economist Javier Gerardo Milei won this Sunday elections with the 55.8% of votes says the Government’s website Resultados 2023.
Javier Milei: Argentina’s Elected President
Previously:
Sri Lanka’s debt trap and the vultures
Last week a US district court granted Sri Lanka’s request for a six-month pause on a creditor lawsuit against the country. Hamilton Reserve Bank holds a big chunk of one of Sri Lanka’s now-defaulted bonds and had been suing it for immediate repayment.
Sri Lanka’s debt trap and the vultures
FBI coerces antiwar activist into leaving the internet for months, advancing liberal fascism’s crackdown
In a development that parallels the experience of Alexander Finnegan—the communist who became a target for the FBI’s “counter-terrorism” stalking efforts due to his countering the Ukraine narrative—another individual has been revealed as a victim of such unconstitutional state intimidation. The person behind a Twitter account called “Islam, America, Liberty” was recently asked about why they had vanished from the internet for almost half a year, and this was how the exchange went…
FBI coerces antiwar activist into leaving the internet for months, advancing liberal fascism’s crackdown
Quora is infested with feds (so is 4chan, Reddit, Discord, etc).
Argentina election 2023: what you need to know
The vultures are ready to “make the economy scream” if Javier Milei wins!*
Argentina election 2023: what you need to know
Far-right libertarian Javier Milei is leading the polls ahead of Argentina’s Oct. 22 presidential vote, but it remains a tight race between the top three candidates, three surveys showed.
Related:
Argentina election: from peso to dollar?
But dollarisation would also mean immediate recession and slump. It would have to start with a massive devaluation of the domestic peso monetary base. In a very optimistic scenario, if Argentina received a loan of say $12 billion from the IMF and used $5 billion as a reserve for the banking system and $7 billion to dollarise the monetary base, the domestic peso monetary base would still have to be reduced by nearly 400%. Argentine salaries (then in US dollars) would become among the lowest globally and poverty would rise to unprecedented levels. And Argentina is already in a recession with real GDP expected to drop by around 2% this year. So either way: peso or dollar, Argentine households would pay the price in living standards.
…
Desperation has driven many Argentines to consider a ‘libertarian, anarcho-capitalist’ as president. If this were to happen, it will be going down another blind alley. Argentina’s capitalist economy will continue to fail.
Just scratching the surface:
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