Years of socialist rule have brought Argentina's economy to ruin. The annual inflation rate increased to 140% in September, up to 40%. Citizens live in poverty and the Argentine peso is essentially a bankrupt currency. This contributed to the defeat of leftist candidate Sergio Massa in the elections. On December 11, Javier Millay was sworn in as the president of Argentina. It proposes a change of course from socialism to a free market economy.
– The outgoing government left us on the path of hyperinflation. We will do everything to avoid this disaster, – said the new president of Argentina. “There is no alternative to shock changes,” he emphasized. He warned that in the short term this would lead to a worsening of the economic situation, but in the long term the aim was to repair the damage that socialism had done to the economy and society.
Maile is described by the Western press as an economic ultra-liberal and a non-establishment politician. The media also pay attention to the “de-dollarization” postulate proposed by the Argentine free marketers. During his election campaign, the right-wing politician called for a revision of some of the values inherited from Peronism, including: departure from the so-called social justice. His first steps are closely watched by part of the world media and many libertarian circles.
Miley said that one of the main steps he plans to implement will be fiscal cuts – starting at 5%. GDP, which – as he assured – affects the public sector, but not the private sector. He also announced a swift start to cutting red tape and excessive government regulations.
Argentina's new president. Lisicki and Cezhrovsky comment
In the last episode of the program “Antisystem”, which premiered on WednesdayPawel Lisicki and Wojciech Czeirowski reviewed the current situation in Argentina. – He has sideburns like Elvis Presley, he acts like an autistic child controlled by his expression. He goes everywhere with election promises. According to him, “People, it hurts when I remove inflation.” People got used to 150 percent inflation as it grew, Wojciech Czeirowski said.
– 150 percent inflation is a sick level and no economy can withstand it. No wonder Miley wants to end it. He wants to do it dramatically because his finance minister has already decided to drastically devalue the peso. The value of the dollar increased overnight and the depreciation amounted to 54%. A very interesting situation is happening there, because it is a revolutionary situation, Pavel Lisitsky said.
– The question is, when people listened to him, they only chose what they liked, if it hurt, because they had to make the next moves. It is not known whether they were listening to these unpleasant things. They are angry that it will hurt, because even though Millay said it would hurt, all politicians lie, Czejrowski noted. – This way of thinking is characteristic of democratic countries, because most politicians lie like dogs, so the voters are used to not fulfilling their promises – Pavel Lisitsky mocked.
Trailer of the 53rd episode of the program “Antisystem”. Everything is available to subscribers.
(tags translated)argentyna