“The more of himself man attributes to God, the less he has left in himself.”

Estranged Labour

All these consequences are implied in the statement that the worker is related to the product of labor as to an alien object. For on this premise it is clear that the more the worker spends himself, the more powerful becomes the alien world of objects which he creates over and against himself, the poorer he himself – his inner world – becomes, the less belongs to him as his own. It is the same in religion. The more man puts into God, the less he retains in himself. The worker puts his life into the object; but now his life no longer belongs to him but to the object. Hence, the greater this activity, the more the worker lacks objects. Whatever the product of his labor is, he is not. Therefore, the greater this product, the less is he himself. The alienation of the worker in his product means not only that his labor becomes an object, an external existence, but that it exists outside him, independently, as something alien to him, and that it becomes a power on its own confronting him. It means that the life which he has conferred on the object confronts him as something hostile and alien.

Related:

Economic and Philosophic Manuscripts of 1844

Argentina bond market plunder explained

Argentina bond market plunder explained

4) Globalist puppet Milei slashes government spending and privatizes a whole lot of sectors. This is the neoliberal “shock therapy.”

Meanwhile, 54% of Argentinians are in poverty, consumer prices have tripled over the last year, the economy is in recession, and industrial production has been dwindling consistently.

Exactly as I predicted back in October 2023:

The vultures are ready to “make the economy scream” if Javier Milei wins!*

Argentina: the movement against Milei has begun

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

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

Argentina election 2023: what you need to know

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:

Read More »

Argentinians protest against IMF-imposed austerity measures

Argentinians have taken to the streets of the capital, Buenos Aires, to protest against austerity measures imposed by the government following a deal with the International Monetary Fund (IMF).

Argentinians protest against IMF-imposed austerity measures

AP ‘conveniently’ leaves out the IMF deal! It’s almost as if they want Javier Milei to win (of course, they do)!

Previously:

How Javier Milei Upset Argentina’s Political Status Quo