@@ProfessorFickle . U got to be kidding me, what's successful about Peru and Ecuador's neoliberalism approach??? The people suffer tremendously. Man, I lived in the region!!! Keep neoliberalism to u and those who profit from it!!!
Milei is destroying culture, education, research, everything that give a chance to a future in this country. I have met researchers here in buenos aires, and they have all left or are taking off leaving. I have met scientists who lost their grants even though their work was privately funded, just because the Milei regime blocked everything out of pure ideology. I am not even going to talk about culture; anything that relied even a bit in public money is disappearing for good. Those are wealth that will never reappear. The amount of people under the poverty line has absolutely skyrocketed. I know the situation was terrible, and i know the previous administration did a horrible job. But Milei is a death shell for the country.
The chart in the thumbnail is a little misleading. The chart is not starting at zero. A 150% annual inflation is much better than 300% but is still far from a reasonable one. It should also show poverty increase in the same timeline.
The first thing in an economy is to not have inflation. With inflation as high as Argentina has, the prices of products doesn't send a message, except just like static from a radio. Get inflation down to less than 5 percent a year or the economy will not function.
Lots of woke people in the comments that didn't even know where the country is... Argentina is recovering extremely fast with Milei's shock intervención
@@ccsc.f.675 I agree! A lot of people that are obviously trolling. I live in the region and u r the one that has no clue. The country is the same as it was, a little bit more poor and a lot more repressed!!
His opponents wanted to do the same things as all the previous presidents and yet claimed that the results would be different……. For Argentina he represents an opportunity to break the cycle…. Hopefully Argentina will see inflation rates in the single digits in a few years time
Doesn't matter. People with jobs have to eat from garbage cans and can't send their kids to school because he cut the budgets. Even the police is protesting. On top of that Argentina's fertile ground is disappearing because of climate change. It's over. The dude said he took financial advice from his cloned dogs. 😂 The world has gone mad.
@@vedatataman5598 The soviet Union never had a recession smart guy. Maybe learn a little history and economics before you star poppin off about the dreaded socialism.
Before Millei people were richer? If you have state price controls and and an egg costs 1000 pesos, you are much richer than if eggs costs 10 000 pesos. But there is a small detail: there are no eggs to buy. The indicator used to measure poverty are completely irrelevant during hyper inflation. It is really unlikely that anyone there expected they will become richer tomorrow. Suggestions like these only display the aversion to change and hard reforms in western societies and leftist media. Exactly the opposite of what is needed for the future ahead. Why are this videos about Millei on DW are published exactly after his interview on the Lex Friedman podcast? Is there a fear of successful Austrian economics example?
There is a fear of social darwinism in general, because it's bad. And yes, nobody expected it to work for the people, it's just proof the whole concept is flawed.
@@crosstraffic187 you won't have to wait that long, by next year it's already forecasted the economy will start growing around 3%, so you will have to continue coping and seething.
why these international news channel rely on commentary frm there planted ppl..............why cant they show real ppl on ground n there views............... its the same story everywhere
@@vornamenachname1572 yeah i want to see actual ppl who are facing those problems to have a voice rather than these ppl who most likely wont be living there........
@@NiksAanDeWashand yeah same people than CHOSE this new guy ......... So dont be so obnoxious..........So it should be them who should give the feedback on the same guy
@@vornamenachname1572 well, for starters, i cant imagine a worse choice of person to interview than the former undersecretary of finance (now the opposition) obviously they wouldnt have anything good to say about policies implemented by the other side? i actually had to do a double take hearing that
The best solution to high prices is high prices. If prices are high suppliers will try to profit by selling at the high prices. As supply increases prices fall.
Argentina grocery prices are more expensive than US right now! Argentina pesos are overvalued or cost of production is just high here or local businesses are reaping super profits??!!!
If they keep eleminating taxes and burocracy, it must work as good as it did in Poland or Irland. But they have a congress controlled by the opposition. Maybe, after the next eleccion, deeper reforms will be done. Lets see. At least, with this strong peso, inflation will drop constinuously.
Milei is a big fan of Thatcher, but when Thatcher took the cruel to be kind approach there was banking, financial and professional services, pharmaceuticals and aerospace, etc, to plug the gap. I'm not sure what Argentina has up its sleeve other than oil.
@@cyberfunk3793 Maybe, but only when it comes to socialism proper - listening to any Republican or random guy on the internet, the most basic of public services are quite likely to be labelled "far left" and socialist these days.
it would have increased even higher had a left-wing candidate won the elections, allowing hyperinflation to bring poverty to 80% like it ALREADY happened in Venezuela.
I don't see how this would be funny. Unless you are someone who is hoping for things to get worse and worse just because you don't like the person who is currently managing it.
@@ssuwandi3240 U-turn as Milei calls China ‘interesting trade partner’ and announces trip to China in January after China helps Argentina with 70 billions yuan in a swap deal to pay for imports and now repaying IMF debts ...😅
An economy doesn't have real growth if it based on money printing and debt which was the policies for decades, so its going to take years and politically that's too long but necessary or your just going to revert to what is was before.
Milei at least seems like a smart man, if he will improve life in Argentina and have their interests at heart or no, that’s is another history especially with their high unemployment and poverty rates.
@@cyberfunk3793 . Everybody knew the country was broke, for 50 years now!!! Argentinians would had elected Mickie Mouse if it promised something different.
@@DEonaraR How can you _not_ get the impression that he is 'smart', at least in the socioeconomic fields, after doing a little research and listening to him outside of campaign speeches?
@@luxploded . No research needed, I lived in Argentina, at the time. Nothing smart about him. The Argentinian ruling class decided to sell what's left of Argentinian assets, and they picked him as the candidate. The same old m.o of neoliberalism. It's been happening in Argentina, but not in this scale. There is no surprise.
To fix Argentine problems you need to cover imports with exports. Yet Milei rejected to join BRICS. So how Milei plans to increase exports to West? Or cut expensive imports?
Argentina already tried doing that a century ago, and it didn’t work. Nowadays, it’s impossible to do that with a country the size of Argentina. The country has a very small internal market, and there’s no possible way of making Argentinian manufacturing competitive on a global scale. We can barely compete with Brazilians and Mexican manufacturing, let alone China. Also, you don’t need to be a member of BRICS to export to other members of BRICS. The only thing Argentina can do now, is cut down public spending and hope for the best.
This is exactly what the IMF would have demanded of Argentina. But it is good that the people will not be able to blame the Americans or some external evil force who imposes the austerity. However, this economic "plan" is nothing new in capitalism and we have seen this movie again and again. Maybe if the economy collapses bellow a certain level there will be some upward movement called "growth" or even a "boom", but eventually things will turn bad again.
Liberal* Western Media Liberal in the western sense; leftist. Like the DW… All libertarians (classic liberal) and conservative outlets are rooting him on.
Shock politics doesnt work. Argentinas problem is a mix of a deep rooted oligarchy and corruption. They need cut down on both with severe measures. Corruption with life in prison and oligarchy with wealth redistribution. All nations who have good living standars e.g scandinavian coutries, have strong state control.Wealth and industry is created from the bottom, not from trickle down politics. And in the case of Argentina they have probably enormous access to natural resources based on massive land territory.
Don't worry people Trump will fix everything 💯💯💯 America is blessed to have a trump as president. The entire world could only dream of having a Trump as president ❤❤❤❤
@@ChalrieD it's obvious your broke and have no money invested in the stock market because if you did you would understand the economy is about to skyrocket. My stocks are up 35% since trump won the election. Don't be mad at trump that you accomplished nothing in life blame yourself 🤣🤣🤡🤡🤡🤣🤣
@ uhhh… you don’t think that with all the drastic changes they are making so quickly that ton’s of things aren’t going to break? Why are you making juvenile comments about my person you don’t know anything about me.
trump -> bigger deficits, more instability, weakening of the rule of law, bigger geopolitical tensions... But the stock market goes up, Dow Jones went up 40% since january 2021, so why would anybody complain about the economy ever ;p ? The stock market is the only thing that matters. Who cares about God if you have a golden calf ? Keep your trump to your country, he clearly does represent you better than anybody else ever could. You deserve him ^^.
Exactly. All the problems in the world today were triggered by DOLLAR PEGGED Kommunist regime currency. Imagine the State has been drowned in debts but pursuing 29 rockets launches 🙀🙀 Then increased the war spending and weapons trades with the top#1 Terror regime🥸🥸🥸🥸🥸
Don't worry people Trump will fix everything 💯💯💯 America is blessed to have a trump as president. The entire world could only dream of having a Trump as president ❤❤❤❤
Nope, poverty has decreased (From 56% to 46%), he only sincered the poverty that the previous government was hiding using social assistance and food stamps, lowering down the inflation he lowered the poverty. And Argentina is growing again, inflation is not necessarily a condition to genuine growth. Next time call another person.
Curbing such situation needs years and in the beginning situation gets worse.
He doesn't have many years.
Keep saying this to yourself buddy
@@DEonaraR:
Many countries have tried Milei approach in the passed and failed . ( some succeeded , Peru , Ecuador, El Salvador)
@@ProfessorFickle . U got to be kidding me, what's successful about Peru and Ecuador's neoliberalism approach??? The people suffer tremendously. Man, I lived in the region!!! Keep neoliberalism to u and those who profit from it!!!
just say he effed up man. At least own up to your failure.
Angie here. What Milei is doing is amazing. DW is partial and basic. This cant be considered information.
Amazing? what is amazing is not beg others for money and don't flip-flop on what you said you would do.
Milei is destroying culture, education, research, everything that give a chance to a future in this country.
I have met researchers here in buenos aires, and they have all left or are taking off leaving. I have met scientists who lost their grants even though their work was privately funded, just because the Milei regime blocked everything out of pure ideology.
I am not even going to talk about culture; anything that relied even a bit in public money is disappearing for good. Those are wealth that will never reappear.
The amount of people under the poverty line has absolutely skyrocketed.
I know the situation was terrible, and i know the previous administration did a horrible job. But Milei is a death shell for the country.
@@IZn0g0uDatAllyou really think he can reverse 20 years of Peronism in one year? The poverty level was high to begin with,
@@Joelbrandan Read Your history it’s 80 years Peronism.
With some conservative-Dictators in the middle .
Lol so ignorant
The chart in the thumbnail is a little misleading. The chart is not starting at zero. A 150% annual inflation is much better than 300% but is still far from a reasonable one. It should also show poverty increase in the same timeline.
Chart should Also show productivity decrease , also consumption collapse ,
And unemployment increase
🤦♂️
Growing pains.
I don't think Argentina has a choice.
The first thing in an economy is to not have inflation. With inflation as high as Argentina has, the prices of products doesn't send a message, except just like static from a radio. Get inflation down to less than 5 percent a year or the economy will not function.
DW is showing all the bad things since the beginning, Argentina is doing great! Young people are returning to Argentina, this is incredibly!!!❤
They are?
Weird, for the first time I am meeting people in my country that moved here from Argentina....
Lately, a lot have moved here.
Lots of woke people in the comments that didn't even know where the country is... Argentina is recovering extremely fast with Milei's shock intervención
@@ccsc.f.675 I agree! A lot of people that are obviously trolling. I live in the region and u r the one that has no clue. The country is the same as it was, a little bit more poor and a lot more repressed!!
Could you please give us some concrete examples of that?
Thanks.
His opponents wanted to do the same things as all the previous presidents and yet claimed that the results would be different……. For Argentina he represents an opportunity to break the cycle…. Hopefully Argentina will see inflation rates in the single digits in a few years time
Doesn't matter. People with jobs have to eat from garbage cans and can't send their kids to school because he cut the budgets. Even the police is protesting. On top of that Argentina's fertile ground is disappearing because of climate change. It's over.
The dude said he took financial advice from his cloned dogs. 😂 The world has gone mad.
This is so skewed against Milei, shame on you DW
As usual dw interviews people close to the former government
After 80 years of socialist policies they arw expecting Milei to come up with a miracle in 6 months.... How fair is that 😊
Socialism with no taxes on wealthy land owners. Try again
@jacobjones630 I'm sorry I made a little mistake.. I meant to say "fascism" .. But the Soviets proved that they are the same anyway..
@@vedatataman5598 The soviet Union never had a recession smart guy. Maybe learn a little history and economics before you star poppin off about the dreaded socialism.
@@jacobjones630 yeah ussr was so bad that it was secession not recession
@@jacobjones630especially Cristina! 😂😂😂
Before Millei people were richer? If you have state price controls and and an egg costs 1000 pesos, you are much richer than if eggs costs 10 000 pesos. But there is a small detail: there are no eggs to buy. The indicator used to measure poverty are completely irrelevant during hyper inflation. It is really unlikely that anyone there expected they will become richer tomorrow. Suggestions like these only display the aversion to change and hard reforms in western societies and leftist media. Exactly the opposite of what is needed for the future ahead.
Why are this videos about Millei on DW are published exactly after his interview on the Lex Friedman podcast? Is there a fear of successful Austrian economics example?
We get it. You only wanna hear what you like to hear. It's always the "leftist media". It's getting old.
There is a fear of social darwinism in general, because it's bad.
And yes, nobody expected it to work for the people, it's just proof the whole concept is flawed.
People “got poorer” but simultaneously have more spending power. Strange?
(Media never ceases.)
@@vornamenachname1572 you are the one that likes to hear what you want to hear. Milei's government has been success so far on balance.
DW became the best german speaker in favor of communism. Unbelievable we got to this point
That’s an unsettling thumbnail image.
The world isn’t a safe place. Get used to it.
THIS VIDEO CONVINCED ME I WILL VOTE FOR MILEI FOR 245 MORE YEARS
Hopefully by then he'll have a better economy
@@crosstraffic187 you won't have to wait that long, by next year it's already forecasted the economy will start growing around 3%, so you will have to continue coping and seething.
@@askeladd60when you annualize the economic growth of the last 3 months you get a growth of over 13%
How long has he been at it now? a mess like argentina needs years and years if not decades to recover
why these international news channel rely on commentary frm there planted ppl..............why cant they show real ppl on ground n there views............... its the same story everywhere
So in other words "why don't they show what I wanna see?"
MiMiMi
@@vornamenachname1572 yeah i want to see actual ppl who are facing those problems to have a voice rather than these ppl who most likely wont be living there........
They had a voice for years and constantly chose for bad financial governance with that voice. This is what's needed to get your country back in order
@@NiksAanDeWashand yeah same people than CHOSE this new guy ......... So dont be so obnoxious..........So it should be them who should give the feedback on the same guy
@@vornamenachname1572 well, for starters, i cant imagine a worse choice of person to interview than the former undersecretary of finance (now the opposition)
obviously they wouldnt have anything good to say about policies implemented by the other side? i actually had to do a double take hearing that
The best solution to high prices is high prices. If prices are high suppliers will try to profit by selling at the high prices. As supply increases prices fall.
Anybody who has a problem with Milei's policies should pay 100% of the future IMF loans.
I mean, main problem is inflation...
Not anymore - its at 3,5 % at the moment :)
@@zbynekIIper day, maybe
@@zbynekIIand that's right, even so inflation is not the main problem. Now it's the mass unemployment + 50% poverty + deindustrialization + inflation
Inflation doesn't matter if you've a job and you've to eat from garbage cans or can't send your kid to school anymore.
@@Joey-ct8bm deflation is worse because that means the economy is falling
Argentina grocery prices are more expensive than US right now! Argentina pesos are overvalued or cost of production is just high here or local businesses are reaping super profits??!!!
If they keep eleminating taxes and burocracy, it must work as good as it did in Poland or Irland. But they have a congress controlled by the opposition. Maybe, after the next eleccion, deeper reforms will be done. Lets see. At least, with this strong peso, inflation will drop constinuously.
Now Argentines know the real price of the goods.
The only people whining are living off of government spending. Government employees are a pariah on economic growth.
Milei is a big fan of Thatcher, but when Thatcher took the cruel to be kind approach there was banking, financial and professional services, pharmaceuticals and aerospace, etc, to plug the gap. I'm not sure what Argentina has up its sleeve other than oil.
Steaks, agribusiness, etc.
Rare Earth. The reason China is sneaking its way for a military base there.
Doesn't matter much what the industries are, like she said: "The problem with socialism is that you eventually run out of other people's money.”
@@cyberfunk3793 Argentina has a corruption problem, not an ideology problem, they are corrupt as it can get!!!
@@cyberfunk3793 Maybe, but only when it comes to socialism proper - listening to any Republican or random guy on the internet, the most basic of public services are quite likely to be labelled "far left" and socialist these days.
From what government is the guy being interviewed?
Poverty increased above 50%.
it would have increased even higher had a left-wing candidate won the elections, allowing hyperinflation to bring poverty to 80% like it ALREADY happened in Venezuela.
It was already on the up and at around 40%, up from 25 a few years earlier. No telling what it might have ended up at it nothing had changed
Also depends how Argintina is defining poverty
shadowbanning here is getting crazy
poverty => no inflation
milei is a genius 😂
DW could have hired someone who knew a little about the subject. Her questions are basic and dull
When you cut the Spending then do the Public Finances are increased for Investments in Infrastructure and Development Works.
Lots of lies, lots of propagandas, lots of biased news in DW News😂
Argentina will become the first 4° world country 😂😂
I don't see how this would be funny. Unless you are someone who is hoping for things to get worse and worse just because you don't like the person who is currently managing it.
*He's now looking towards CHINA for his rescue after failing to be helped by Washington 😂😂😂😂😂*
He did not. Xinnie was back kowtowing 😅😅
You Woke never get the signal right😊
@@ssuwandi3240
U-turn as Milei calls China ‘interesting trade partner’ and announces trip to China in January after China helps Argentina with 70 billions yuan in a swap deal to pay for imports and now repaying IMF debts ...😅
@@ssuwandi3240 Judging by this and your other comments you only follow news that suits your beliefs and ignore those that counteract them.
@JohnDoe-pk2hs but you settled in the West😄😄😄 Posting in West platform 🤤🤤🤤🤤🤤🤤🤤🤤🤤🤤🤤
An economy doesn't have real growth if it based on money printing and debt which was the policies for decades, so its going to take years and politically that's too long but necessary or your just going to revert to what is was before.
Milli seems to have good and sound policies.
O melhor estado do Brasil é o Ceará ❤🇧🇷💰
DW is a total liar and disgrace. You have lost the consciousness of journalism
Milei at least seems like a smart man, if he will improve life in Argentina and have their interests at heart or no, that’s is another history especially with their high unemployment and poverty rates.
What speech gave you the impression that he is smart?... campaign speeches?... or when confronted about his fraudulent fund investment scheme?
@@DEonaraR Smart enough to figure out the country was broke and could not continue with the previous.
@@cyberfunk3793 . Everybody knew the country was broke, for 50 years now!!! Argentinians would had elected Mickie Mouse if it promised something different.
@@DEonaraR How can you _not_ get the impression that he is 'smart', at least in the socioeconomic fields, after doing a little research and listening to him outside of campaign speeches?
@@luxploded . No research needed, I lived in Argentina, at the time. Nothing smart about him. The Argentinian ruling class decided to sell what's left of Argentinian assets, and they picked him as the candidate. The same old m.o of neoliberalism. It's been happening in Argentina, but not in this scale. There is no surprise.
To fix Argentine problems you need to cover imports with exports. Yet Milei rejected to join BRICS. So how Milei plans to increase exports to West? Or cut expensive imports?
Argentina already tried doing that a century ago, and it didn’t work. Nowadays, it’s impossible to do that with a country the size of Argentina. The country has a very small internal market, and there’s no possible way of making Argentinian manufacturing competitive on a global scale. We can barely compete with Brazilians and Mexican manufacturing, let alone China.
Also, you don’t need to be a member of BRICS to export to other members of BRICS. The only thing Argentina can do now, is cut down public spending and hope for the best.
Milei were begging China recently 😂😂😂
USA is too busy being Xenophobic to invest in South America, so we will take China's investment, Win Win for us South Americans.
This is exactly what the IMF would have demanded of Argentina. But it is good that the people will not be able to blame the Americans or some external evil force who imposes the austerity. However, this economic "plan" is nothing new in capitalism and we have seen this movie again and again. Maybe if the economy collapses bellow a certain level there will be some upward movement called "growth" or even a "boom", but eventually things will turn bad again.
I somehow get the feeling that western media is praying for him to fail.
Quite the opposite, he's a US and Israel worshiper!!
Liberal* Western Media
Liberal in the western sense; leftist.
Like the DW…
All libertarians (classic liberal) and conservative outlets are rooting him on.
On the contrary, most are supporting him.
I'm not praying, i know his policies don't work, no need to pray.
@@AmonTheWitchlol😂
Shock politics doesnt work. Argentinas problem is a mix of a deep rooted oligarchy and corruption. They need cut down on both with severe measures. Corruption with life in prison and oligarchy with wealth redistribution. All nations who have good living standars e.g scandinavian coutries, have strong state control.Wealth and industry is created from the bottom, not from trickle down politics. And in the case of Argentina they have probably enormous access to natural resources based on massive land territory.
😢China should not trade wid dem😢go ask USA 😢
Asco dan, me arrepiento de haberlos seguido en su momento
Rome wasn’t built in a day
It's the malaise and dependence on welfare that's the problem.
The dude said he took financial advice from his cloned dogs. 😂 The world has gone mad.
Your brain is lacking something if you believe everything you read.
@@Joey-ct8bm Rents decreased by 30% and housing availability increased
Uhm, every time I see DW, I think on May 10, 1933. The day of the burning books in Germany.
Biased.
Imf colonised them
Don't worry people Trump will fix everything 💯💯💯 America is blessed to have a trump as president. The entire world could only dream of having a Trump as president ❤❤❤❤
Trump going to break a lot of things, let’s hope the government responds and quickly fixes what needs fixing.
@@ChalrieD it's obvious your broke and have no money invested in the stock market because if you did you would understand the economy is about to skyrocket. My stocks are up 35% since trump won the election. Don't be mad at trump that you accomplished nothing in life blame yourself 🤣🤣🤡🤡🤡🤣🤣
@ uhhh… you don’t think that with all the drastic changes they are making so quickly that ton’s of things aren’t going to break? Why are you making juvenile comments about my person you don’t know anything about me.
trump -> bigger deficits, more instability, weakening of the rule of law, bigger geopolitical tensions...
But the stock market goes up, Dow Jones went up 40% since january 2021, so why would anybody complain about the economy ever ;p ? The stock market is the only thing that matters. Who cares about God if you have a golden calf ?
Keep your trump to your country, he clearly does represent you better than anybody else ever could. You deserve him ^^.
@@ChalrieD
I realized anyone who is against Trump is a person who is seeking government charity. That's you 🤣🤣🤣🤣
Melei is a blessing to the people and a threat to communist like dw
Hahahah yeah, it must be a blessing to see a high inflation and your salary to stay flat. What a blessing 😭🙏🏻
Exactly. All the problems in the world today were triggered by DOLLAR PEGGED Kommunist regime currency. Imagine the State has been drowned in debts but pursuing 29 rockets launches 🙀🙀
Then increased the war spending and weapons trades with the top#1 Terror regime🥸🥸🥸🥸🥸
what people? poverty is increasing fast in Argentina
Another genius with no idea what a communist is
Don't worry people Trump will fix everything 💯💯💯 America is blessed to have a trump as president. The entire world could only dream of having a Trump as president ❤❤❤❤
😂Maybe he thought he could sell beef to India and soybeans to the U$.
GOOD SELF HELP BOOK U2 BAND DESIRE SONG GOLD TEETH
Nope, poverty has decreased (From 56% to 46%), he only sincered the poverty that the previous government was hiding using social assistance and food stamps, lowering down the inflation he lowered the poverty.
And Argentina is growing again, inflation is not necessarily a condition to genuine growth.
Next time call another person.
Good Explanations. The Interviewer is a cynic!!!
Questioning is sometimes cynical when you are looking for answers
This is the exact kind of issue cryptocurrency can help with.
this presenter is like the female version of Rob
U re briliant handymen