this post was submitted on 21 Feb 2024
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[–] Shardikprime@lemmy.world 2 points 10 months ago (1 children)

Wow, so the previous government had a poverty percentage of 0?

No, wait, they had 49% poverty by November 2023.

And you tell me that after all these changes to reduce spend, it went up by 8%? I would have expected it to reach 90% to be honest.

[–] bluGill@kbin.social 2 points 10 months ago (2 children)

The whole goal of those changes is tough love to fix all the problems, so short term problems but in 2 years things improve for the better.

Administrations don't have near as much control over the short term as you seem to think.

[–] Deceptichum@kbin.social 19 points 10 months ago

Lol, “if we do even less we will magically become better in the long term” is genius levels of cope.

Austerity doesn't work, we've known this for a long time now.

[–] Shardikprime@lemmy.world 0 points 10 months ago

I get what you mean. No I don't think they have magical control, but with all the fear monger about the guy on Lemmy you would expect that a nuclear cataclysm should have razed Argentina by now haha.

Still I do hope everything goes to plan and inflation starts to trend down. It is going down but we need more. Good thing is Caputo is aiming for inflation near 10% this February. If it even stabilizes over 5% monthly that would be an extreme boon.

They guy would be reelected for next term assuredly