Why Argentina will Win the 2030s
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- เผยแพร่เมื่อ 31 ธ.ค. 2024
- In this video, we will explore how Argentina's economic mismanagement has led to numerous crises, that pushed a once prosperous nation into a series of defaults, inflation, and political turmoil.
We'll discuss Javier Milei’s bold plans to revitalize the economy through deregulation, privatization, and dollarization. Additionally, we'll examine Argentina's vast potential as an agricultural and energy powerhouse, and the geopolitical implications of its resurgence.
Join us as we uncover the transformative journey of Argentina. From its tumultuous economic history to its promising changes happening in the country under the new presidency of Javier Milei.
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As an argentinian, Impressive how an non argentinian known more than 70% of the argentinians
Agree, as another argentinian
Escribí en español botón
@@busonkey4413 y si no quiero que?
thanks!
@@erto2657 sos cipayo
Us chileans, uruguayans and brazilians watching the narrator call us small and dysfunctional:👁👄👁
Soy argentino y sí, se pasó bastante jajajaj
Im from Chile, he's not wrong.
He said small OR dysfunctional.
As European i (or we) would call Chileans and Uruguayans the only ones doing their homework long term in SA. The other have ups and downs, or just long term downs. Brazil has potential but its rather ups and down so long term stagnation. Also its weird to think Argentina in first 1/3 of 20th century was richer than many developed european countries, i hope it returns finally.
Brazil is dysfunctional but also very functional. You can't call it a failure
Im from Formosa, Arg and everything you said is so true. My province is the poorest in the country, also we have been governed by the same person for 30 years and it bothers me that nobody talks about it or does anything about it.
Gildo is the best! 😍❤️
A la mierda con Gildo. Mientras haya "democracia" en Formosa es complicado que alguien se pueda meter a hacer algo.
Have you ever went to Ibarreta?
@@ChurroFackiaZurdo
La dictadura de gildo
Really hope it goes well for Argentinians, if so, they can become a beacon of hope to the world.
Agreed
@@AaronWatsonGeo Hear Hear
faro del mundo parravicini
I hope they can be a beacon of light to the USA
Capitalism new hope for the world?:)
Querida Argentina. Estoy estudio español y un dia quiero mudarme a Buenos Aires con mi familia. Buena suerte desde Dinamarca
Serás bienvenido!! Y tú español parece que está evolucionando muy bien... felicitaciones!
Noooo. No arruines tu vida. Quedate en denmark
try to get a remote job from denmark BEFORE coming to Buenos Aires. Buenos Aires has everything you could want except good wages to live comfortably so if you solve that you'll love this country and it's way of life.
@@elfelon9465 Gracias por su respuesta. Después mi education de universidad es terminado, nosotros lo consideraremos que hacemos. A pesar de todo, español es una muy bella lingue
@Jose78853 ¿por que no? En pocos años Milei habrá creado la industria y turismo, si todo va bien.
There you go Argentina! From Korea.
CRINGE 🤣🤣
Don't get deceived, this is just propaganda on liberal agenda, they are enslaving the country...
And south Korea to day is dominated by syndicates. I've been to Korea it's not wonderful.
samsung country
February surplus as well and March looks promising.
if we're going to report monthly stats as if they matter, then...
22 Feb 2024 - Economic activity in December fell 3.1% from November, according to government data published Thursday, a drop not seen since April 2020.
BUENOS AIRES, Feb 18 (Reuters) - Poverty levels in Argentina hit 57.4% in January, the highest in at least 20 years
@@swerdna1970 The fall of the activity is a consequence of the government's sincerity in the economic variables that were being hidden by the previous government, if Milei had not made this sincerity Argentina would still have a hyperinflationary risk of 17,000%, my friend, that's how an adjustment works. Milei explained it in his speech in front of Congress.
And that poverty "data" is unreliable because it is a *projection* of poverty based on the variation of the basic basket, not a *measurement* of poverty, the source (unreliable) of that poverty data is UCA, who said that in 2023 poverty was 48% when in fact, according to INDEC, poverty was 42%. The UCA has a record of always giving much higher/lower poverty data than it actually is.
It is curious, the UCA always published lower poverty "data" under establishment governments, even lower poverty "data" than the false INDEC data when it was intervened by Cristina Kirchner. When Macri governed, outside the establishment, the UCA began to publish poverty data quite high compared to those of INDEC, being that INDEC became an independent entity of the government again after the intervention of Cristina. Clearly the UCA *overestimates* the data, you can corroborate this by looking up the UCA's historical series and comparing it with INDEC's historical series.
We have a surplus because the goverment stopped paying to the suppliers. It's totally artificial.
@@swerdna1970Economic activity WILL fall if it was artificially inflated with tax payer money
Poverty was already at 55% since 2022
@@swerdna1970 Do you understand that he assumed the government at late December and you're crying about a number from January? you toilet head
I cannot believe this video is this good while being this short at the same time. It may be very challenging to find a better brief summary of the modern situation in Argentina. It feels like a hidden gem. Keep up with this excellent work!
This is a very kind comment. Thank you!
@@AaronWatsonGeo if u think argentina is gonna get better with this buffoon and his capitalist agenda u r utterly and obliviously wrong 😂😂😂😂😂😂😂😂😂reality will make u eat ur words pal, kudos from argentina
Really isn’t
That video didn't age well...HAHAHAHAHAHAHA Instead, Vietnam, a COMMUNIST country is winning (alongside China).
Very poor Chile tried this Milei total free economy and today very poor Chile is only 64th richest country in the world! Good luck Argentina get the top 60th richest country in the world!!
I LOVE ARGENTINA I PRAY FOR YOUR SUCCESS YOU ARE THE BEST - LOVE FROM THE US
4:50
Somebody notice that the table is positioned looking at the camera from the owner side and politicians are at employee side?
That's because the owners of a country are the citizens and the politicians are our employees
Nunca lo noté
creo que nadie lo notó.
Es que yo por ejemplo, ni idea que esas mesas tienen 2 lados.
@@danielxdvioletaxdMilei mismo lo explicó. Hasta en esos detalles está. Es un genio.
@@juaniburioni No lo ví.
Pero que capo es el peluca
Yep that's what ruling oligarchs want to make you think.
Asi es 💪💪💪💪💪👍👍👍👍👍
Argentina is such a wonderful country. Greetings from Argentina
id love to visit it one day! greetings from mendoza
they are also really atractive people, greetings from el conurbano papaaaaa
If he is NOT as incompetent and stupid like #Trump it can all work out good for #Argentina! I wish you all the best!
@@satisfied656Trump will not be the best option but he is better than Biden.
El mejor país del mundo!!!!!!!!
Wow! Aron I am impressed, I am from Argentina and you nailed it, not just with words but the images and all, I subscribed just because of that! Great Job!
S. Kuznets famously said: "There are 4 types of economies in the world: developed, undeveloped, Japan and Argentina. Nobody Understands how Japan grows and how Argentina does not" XD
Thats about to change tho, i can hear the roar of the Argentine rocket about to fly to the moon.
JAJAJA
Japón no crece desde hace 30 años
Japón crece. Pero muy poco. Argentina crece en población pero no en riqueza, entonces somos cada vez más pobres. @@marinadeargentina2646
japan is changing too. Their central bank is stopping their nonsense. now the budget needs to match argentina
If he is NOT as incompetent and stupid like #Trump it can all work out good for #Argentina! I wish you all the best!
As an ecuadorian i can assure you, liberalization (with no control at all) and having US dollar as a currency is not the holy grail of economy. National banks in Ecuador are a financial cartel and dont allow international banks to operate in the country and some private companies monopolize the marked with their huge financial force. It is better than before? YES. But to liberalize an economy requires anti monopoly control (from the state or people) and some things like public health and education should not be 100% private (or 100% state owned) , otherwise you keep being a third world country...like Ecuador.
The massive difference is Argentina has a much larger industry and many many more resources then Ecuador could ever dream of having!!!!
This is why Germany, and the Nordic countries worked for so long - it can never be 100% one or the other, and there must be that anti monopoly controle: otherwise from a state owned bad economy it will go to a company owned country.
You’re talking about 3 different things. All of that sounds like policy issues in your country. All of that has nothing to do with dolorization.
Thanks to dolarization you didnt suffer correa disastrous goverment
all monopolization is a direct result of state intervention in the market. natural monopolies have never and will never exist.
I am Argentine and the information in your video is very accurate.
All those postive geographic features of Argentina you mention and its potential, imagine how bad we feel knowing it has been squandered by our politicians for decades.
Who elected them though? Shouldn't you blame the voters too?
@@jaromor8808 Both.
Cries in Turkish.
you're not alone.
@@efeersoy9992Hope the best for our countries mate
@@jaromor8808 the problem is a current situation in a country shapes the votes, and then voters shape the state and the state shapes the future situation. If we just blame the voters, we will be ignoring a huge amount of context.
The same is happening in Ukraine (which I live in), our post-Soviet society, despite trying really hard (two revolutions and the current war), does not understand how politics work properly. This allows russia to rock the boat and make it hard to improve the way state and army functions.
Also corrupt politicians don't stand aside, they too have a hand in influencing the people the way they want, same as in Ukraine. They buy media and journalists, they feed lies and take advantage of useful idiots.
Only very few know how to make the positive change, and these corrupt people distract the masses from the competent activists and politicians.
The BEST analysis of Argentina’s economy. Thank you! 👏👏👏👏👏👏👏
my pleasure
But it really doesn't look so much at the fundamental social structure left behind by Spanish colonization, combined with the masses of immigrants mainly being turned away from rural land they otherwise would have owned and towards the cities, that made the politics polarized and in turn led to Peronism and the messy situation from which Milei is now attempting to pull the country.
What are you stupid or capitalist? Oh, right, it is the fucking same thing.
It's a crappy analysis of yet more justifications for neo-liberalism, a policy that has failed around the world for 40 years.
Unless you are 12 that is objectively wrong. It was biased by either position or naivete, and lacked a lot of context information and data.
It was a good youtube summary video, but "best economic analysis" is laughable, im sorry
Australia went down the privatization road in the 80s and it was great for a decade, but now it's a disaster, the cost of everything has gone through the roof.
That’s pretty much every country today. But compare Australian metrics with other countries, AUS ranks top 10 or 20.
Same in the US and Canada. The capitalists swooped in to buy up everything on the cheap, then run it into the ground.
think the problem is competition as well, ie we have a 2 supermarket system, 4 major banks etc
Hopefully, Argentina will become a prosperous nation as it once was used to!
it was'nt prosperous at all. it was 'supposedly' prosperous for a little percentage of the habitants, the rest of them were poor.
@@joaquinfernandezribo8744 Proof? Argentina enjoyed one of the highest literacy rates in the world at the time, and immigrants from Europe kept coming because it had a reputation for its great offer of jobs thanks to its rapidly growing economy.
@@joaquinfernandezribo8744 well now its not prosperous neither for the rich or the poor, so whats the point, everyone must be equally poor?
yea, wait 100 years😂
@@dragooll2023Quality of life metrics show Argentina was not better than its neighbors.
The country was governed by an oligarchy that missed industrialisation because... they were the owners of the agricultural industry and didn't want competition :/
Very well researched video. Most non-argentinians tend to misunderstand a lot of topics about the country. So far the only foreigner I had found that actually understood argentine politics and economics was Juan Ramón Rallo from Spain, so I'm adding you to that list.
Thanks!
most non argentinian tend to make so far sighted analysis like these, and the reason that argentinians think this is a complete inform led you to believe tha a french fries fobic, like Milei canrule the country with a bunch of dumbass inluencers
This one aged like a fine wine mate
it didnt?
@Gabriel9-r4u doesnt argentina have like 2% inflation annually now? Whereas it used to be 20% monthly?
@@openlink9958 yes,in fact i dont understand what this guy is saying
wine ages well..gets better over time as opposed to milk ..he gave the content creator a compliment
Well, is a real achievement that the hyperinflation was tamed. God, we almost ended up in a humanitarian disaster... And now, we finally see a new opportunity to prosper
The problem is that what you're seeing now still *is* a humanitarian disaster. And will probably also result in all-out civil war.
@@RedXlV If you even knew what the last 20 years really meant for this country maybe you would not say such stupidity. The situation still grim, but this is not Yemen or Syria. But of course, one more year of bolshevik measures and indeed this would've been another early Soviet Russia.
@@RedXlV🤣🤣🤣🤣🤣 Deja de escuchar a Moreno que te hace mal al coco
@@garu24sa if your comparing your country to Yemen or Syria then you country is already doomed, argentina messed thier change to join Bricks the risen empire of the new world, You president is a zoinist, wesntren shill will get sell argentina to america
@@RedXlV "all out civil war" by who? Couple left wing buerocrats vs working class and the army?
Sorry for being this guy but I want to remind you all that everything is still a big "if".
Milei may not be able to fully put into effect his reforms, as the congress is controlled by opposition peronists (PJ) and radicals (UCR).
Also an economy takes time to recover, so even if Milei's plans go through, there's a big possibility that an opposition candidate wins the 2027 elections and then gets all the credit for what Milei did, that would be the 90s to 2015 cycle all over again.
Not saying the Milei government will fail, but there's a possibility we must keep an eye on, we shouldn't take a rich Argentina in the 2030s for granted.
Correct
Se supone que esta vez es diferente porque la gente entendió las ideas de la inflación, el déficit y como lleva tiempo recuperarse.
Sólo queda cruzar los dedos.
No really a problem the congress part, he can just institute a multitude of emergency bills and send them piece by piece to the congress so it takes over a year just to eliminate 1 DNU, and then he can just pull out another one and do it all over again, but taking into account how well the markets have reacted to his presidency up to now its more than likely that 2025 will be won by him
and most probably the 2027 will be won too, simply by eliminating the central bank Argentina would not see inflation ever again, that would make people turn completely, with the elimination of the restrictions in the peso/dollar exchange it will also make it obvious the difference in between the previous regimes to Milei
@@RabeltCorez Bueno, algo bueno tenía que tener que los diputados sesionen menos de una vez al mes.
I really liked the video. I lived in Argentina and worked there. in 2015 10 ARS were 1 USD and 14 BLUE were 1 USD. I was there a couple of months in 2021 and I only remember that 245 BLUE were 1 USD. I have very good memories of the time there and for sure it is a country with amazing potential. I'm rooting for you Argentina, can't wait to see you succeed! Cheers
Now 1 USD = 959 ARS
Argie here. I still can't believe how he is crushing inflation this fast. His goal is to make it to the legislative elections in 2025. If he gets the majority there, Argentina will become the most capitalist country in the world.
I m Argentinian, I hope so! VIVA LA LIBERTAD CARAJO!
En dónde compras vos? En el supermercado de tus sueños cuando dormis?
@@marinadeargentina2646 Obvio que hay abusos, pero cuando la libre competencia haga su parte los precios van a bajar radicalmente.
@@marinadeargentina2646 no podes arreglar la micro si no arreglas la macro primero. No todo es el bolsillo de la gente
@@noisyboy4673 Uf, si tan sólo Caputo se dedicara a la macro al menos y no al mercado financiero...
Brazil is a neighbour, and it's not small or dysfunctional.
It is socially dysfunctional
Brazil is in the way of the higher tax in the world!!! Very dysfunctional!!
Totalmente disfuncional
May Argentina rise
Yeah sorry to break it to you, but Milei made everything much worse
@@predatorproduction1231 Sounds like you're a Liberal.
@@PeachyCat-3990 Nah mate, cuz where I come from the “Liberals” are rightwing. It’s only you Americans who call leftists that. Either way, Milei’s neoliberal economics are destroying Argentina and selling the whole country out to the big American banks. Maybe that’s why you’re supporting him, eh? Cuz it helps your country? Meanwhile hundreds of thousands starve in the streets, because the government has given up on them and when the workers protest, they are beaten into submission by the equally underpaid cops. All the while Milei’s having fun with his rich technocratic friends in the US, like Elon or the Don
@@PeachyCat-3990socialist probably
@@predatorproduction1231 Me when my hyper inflationary, corrupt, crack addicted candidate doesnt win:
Insanely nice documentary. Keep it up!
thanks!
Nope, it's a shit
I'm sure American support of Argentine dictators and economic sanctions and destabilisation of socialist governments had no effects....😂
Socialist gov'ts destabilize themselves. I think that's the point...
socialist governments allways desestabilize itself becouse the wrong interpretation of the way of the economy works and becouse its e fertil soil to masive corruption, in argentina only the corrupt politicians ar rich
Hello, I also have autism ;) But this isn't true. Please study the decline not only of Argentina, but also of Venezuela BEFORE sanctions.
Let's go over how Venezuela was always shit. That desoit the supposed wealth its been that it had, it was not spread but concentrated to a few
Like the interventions from the URSS in the region? And what do you mean sanction? We didn't help for the WWII because of some nazi supporters at power in the country. And socialism always failed, grow up. The wall of Berlin fell. Socialism is dead.
China is a hyper-capitalist fascist state gigacorp. Socialism died in the Cold War.
As an Argentinian, good video, very short but a good analysis.
Leaves out the social and land tenure structures that eventually paved the way to the mess that Milei is trying to pull the country away from.
I really appreciate you made this video, let's just hope no other countries fall into the same hole we fell 100 years ago 😔
Have you seen how Ecuador is doing? Calling it a dolarization success its crazy!
Dolarization solves inflation, not real economy problems.
What an incredible analysis of Argentina's current situation and its promising future!
I really hope Milei gets Argentina great again.
Hopefully, it will guide people out of socialism and communism, which is the real sickness of our society.
Thanks , this video will help me to explain the people in Ireland about my country and why now I have hope of going back to a better Argentina than the one I left. 💪
He did it, senate approved his first law (ley de bases). This is awesome!
Very good video its very notable how do you studied detail by detail argentinian actuality greetings from argentina
My lovely country... dear Argentina, you have everything beyond resources, with your talented people, eventhough they have been with no support, they are going to be strong again. Here an ex-patriat who are going to come back.
Im so proud of my Land 🇦🇷🐍🗽
cipayo
@@luciobonura7270 y acá tenemos a Lucio, el típico boludo autóctono. Digamosle chau que ya le queda poquito
You have a right to be proud. Argentinos make a courageous move in electing Milei.
@@luciobonura7270 ¡¡¡ Oh vaya, un polentero a la vista !!! Dígame una cosa: ¿Massa hubiera bajado la inflación? mmmmmm.....😂
Lamentablemente lo peor esta pasando y como se sabia esta complicada la cosa.
Pero para 2027 la economía y el país va a estar volando, Milei va a ser reelecto. Argentina será próspera.
I'm a retired American and have traveled extensively. The only continents I have not set foot on are South America and Antarctica. I have no desire to go to the latter. In South America I'd like to go to Argentina, Uruguay, and Chile. I hope all three countries are doing well, but I want to see Argentina when it is at its best. Perhaps that will come soon.
To Argentinian people: This video is about the obvious result of a man from the United States having an opinion on a coutry that they don't know, claiming that their ideas being transported to Argentina will automatically save it, because obviously we all know that's what Americans do all the time right? Save the world
Americans lecturing people from other countries is so weird. I mean, they're allowing the guy who tried to overthrow the government after losing an election to run for President? Even "dysfunctional" (according to whom?) Brazil has banned Bolsonaro from running for President and confiscated his passport.
Why spend time writing so much text with so little argument
@@santigamerprogamer6493 Why bother spending time replying to something that doesn’t matter to you and don’t understand either
@@fran__co I do understand it as I'm Argentinian, yet it's confusing to think that there is people that think that just because someone is from somewhere, they instantly know more than other, "foreign", people. The truth is, this man actually spent time researching and, even though he doesn't know everything, I would say that he would certainly win an argument with a local argentinian just because he actually did his research. Instead of throwing ideas off because they are "foreign", try and research them so you can explain why they wouldn't work here.
@@santigamerprogamer6493 Ok ahora entiendo, y en parte te banco con lo que decis de que solo acusarlo de extranjero lamebotas capaz es un poco pobre, pero me revienta todo lo que se escucha de que al apoyar políticas que benefician intereses privados y yanquis estamos haciendole un bien al país. No lo estamos viendo reflejado en el presente, y tampoco lo vimos reflejado en los 90, y me rompe las bolas que un estadounidense para colmo venga a apoyar esto.
This video can't be attacked by the Kirchnerists because they don't know English xD
Thanks for sharing your perspective on the matter, and let's hope things continue to go well for Argentina.
Greetings from Buenos Aires.
And the award for the most cipayo comment goes to ... Godoy ... you have to be an oligophrenic, eh.
So you´re going to avoid talking about the rol of the miltary coup in the 70s? a coup directed by the CIA and named "Plan Condor", Peron didn´t mismanagged the public companies, those companies were running at their peak when the 1976 coup took part, they ended up dismanteling those companies and solded up to foraign interest, all the financial losses from public and privates companies were absorved by the coup gov. they asked for loans to the IMF in the 70-80s and there our external debt grew huge, we (the people) kept the debt ...they (military gov/politicians/business executives) flew abroad with the earnings, in the 90s happened again with a democratic elected president, he took a huge debt to mantain the illusion of a monetary equivalence between the US Dollar and the Argentinian Peso, that bubble burst in 2001, its not about left or right, its about who´s pulling the strings from the shadows, the actual elected politicians are the same ones who lead us to the 2001 crisis
Of course, this is a propaganda channel. Just look at the rest of his videos. Objectivity is not the goal.
De donde sacan tantas pavadas? Milei estuvo con De La Rua? Vamos a negar que al viejo lo tumbó el peronismo?
Dale, déjense de joder…
argentina is the best country in the world. 👋👋 from argentina.
Your president is a clown 🤡. A USA/Zionist puppet. good luck! 😂
Apart from many other functional countries 🤣.
@@tingtong8781maybe behind 120 others 😂
Argentina is the second best, first one is Brazil ..❤
Yo vivia en Argentina en el año 2004, aunque soy americano (estadounidense.. para los q importa haha) la mayoría creian q soy Brasileño imitando un acento americano. Aparte de eso (lol) Argentina siempre tendrá un lugar especial en mi corazón.
Rooting for you Argentina!!!!
A mi no me molesta que digas americano. Saludos desde Argentina!
I hope Milei is successful and wish Argentina all the best! More than that; I hope Argentina can develop even better relations with the US, Canada, and Mexico. With globalization winding down all countries will have to start improving their relationships with their neighboring countries.
Amazing how you know so little about Argentina's history yet you have the courage to explain it.
alguien que si sabe 👏
This guy is just another fascist sicophant of capitalism from the pile, they have no shame whatsoever. Just look at his hairstyle for f+ sake. He needs to shave his moustache a bit though, ;-)
Just a note here: Milei does not plan to dollarize, instead, he plans to make transactions in any currency legal. Given that most Argentinians (including myself) prefer the Dollar, its clear that will be the most used currency, thus it is easier to call it dollarization rather than free currency competition, as a concept Friedrich Hayek explains three key things:
- No central bank
- Competition
- No thievery, just Free Market. Government won't be able to pull the rug under its citizens and rob them of their savings by enforcing them to use a specific currency, etc.
Chile did it 50 years ago. In 1973 Chiles inflation was 500%. Thanks to Pinochet that took Milton´s Friedman ideas, Chile lowered inflation to 3% and grew 10% annualy for 30 years. Free Market is the only way to get people out of poverty.
A little caveat on the worker percentages, most workers are unregistered or "En negro" so you might want to take that statistics with a grain of salt
For the first time, I have developed some respect for Argentina. A nation can only become what it's citizens make it.
I sincerely hope Javier succeeds.
They used to say that Brazil was the country of the future. They kept saying that the following decades but the future never came. I hope it's not the same with Argentina. When I visited Argentina first time in 1993 after having traveled around the world for 2½ years, I told Argentinians that it should be 2 pesos to the USD but no one would listen. The peso had been locked to the US dollar at 1:1 and they were enjoying buying imported goods and traveling abroad. Corrected for inflation, I was eventually proven right. They could have saved themselves a lot of hardship.
@aaron watson should clarify what meant to say on 0:46 , I can hear Argeninean neighbors are small "and/or" dysfunctional. But that doesnt make sense in the context, for me it seems Aaron tried to say: small and "not" dysfunctional, since he is trying to point out the geographycal argentinian advantage over other countries that are sorrounded by powerfull and agressive neighbors
For the critical viewer note that at any point in this video it is mentioned that the surplus was achieved primarily by cutting (liquefying) retiree income.
It is also not mentioned that the goverment who returned to the IMF for $57bn was a neoliberal one (2018),
and not the previous government (so called populist) which in fact payed the so called "largest sovereign default" in history (2001).
Seeing the amount of research this video did, it seems off that this information has been overlooked.
Those satements you said are not completely accurrate. You are glad I'm only going to talk about the macroeconomic policies, because if we started talking about kirchnerism's corruption , I would be here ranting all day.
The debt payment wasn't thanks to the "populist" government ( that is actually just neoliberal , just like Macri's was, made obvious with last administration).
The country was able to restructure itself thanks to Duhalde's policies, that also caused salaries to plummet and devaluation to risen.
Kirchnerism hindered Argentina's developement , making foreign investors run away from expropriation. It also didn't stand in favour of the developement of local industries, with retentions and overwhelming, non-sensical restrictions and regulations on the way between entrepeunership and common folks. Apart from that, they also created an awful welfare system that doesn't promote wealth nor productivity, making it less attractive for companies to invest or establish themsleves. The ones that did ended up doing tax evasion.
With kirchnerism, Argentina defaulted in 2014, given economical , political and legal errors due to ingnorance, incompetence and a ridiculous agenda.
Kirchnerism never managed to make their debt as percentage of GDP lower than 2001's levels .
It's funny what you say, when they were the one who agreed paying to the IMF. Massa, economy minister and candidate for the Pink house, was the one who took part in paying the holdouts and is the one Who got off-track IMF's rules( that he took part in fixing with the debt restructure of 2021 ), accelerating the devaluation and inflation process.
Blaming only one government is unethical integrity, as all parties should be held accountable of this Mess (including Milei, but maybe he will unintentional get us out of this rut , maybe he will be the beginning of something new and better. But just not with him , I like him but his ideology sucks)
El tipo claramente es pro capitalista. Creo que fue decisión deliberada ignorar esos datos y más
He never stated that macri was populist and ¿why would Anyone mention kirchnerism "paying debt" when said debt tripled while they where in charge? If anything this man overlooked how backwards these leftist autoritarian goverments where..
@@nicolascedresalonso1220 Hey, we agree on that all parties should be held accountable, which is what this video is not doing. I am just bringing up that fact. This video praises liberal policies, however the 2015-2019 goverment was liberal did not only did not solve the issue, instead multiplied inflation and even had to place currency control at the end.. We can agree K government payed IMF by profitting from soy exports recods, superplus it brought, and that most of the brutal cuts were done by the previous administration, which in turn, are consecuence of another neoliberal goverment with liberal pollicies financed with debt. There is no need for a debate on corruption, which i am sure there was, like in most governments. I think the problem with argentina economy exceeds corruption, greedy pollititians. Almost all parties have governed Argentina, liberals, socialists, peronists, ending in failure. History from the XX century show decade after decade of periods of economic growth, social rights gains, economy collapse, militar governments witch liberal pollicies, a loop, a cycle that has to stop. When all argentines finally agree on the economic model it should have, thats when it will stop. Agro exports, primary goods, or import substitution, industrialized goods, big state, small state, etc. For what i can see, we are just in another cycle
Things will go the right direction when people stop trying to impose their beliefs, leave their ego aside and work together to get a better country. If 50% of the people hates the other half and celebrates/promotes their failure there will be no growth. Always and upside down loop like the last century. I truly hope this time things do get better. The formula isn’t new, the players aren’t either. Miley has no political career but he behaves like one and he is a populist too (with a liberal flag). I wish people stop their need to pick a team and follow blindly like in soccer and start being more critical in a positive non destructive way. Life is not black and white. Argentina does deserve (and will) get better but it wont happen magically just by destroying what it was. There’s a lot that needs to be build, there is a transparency policy that needs to be adopted. The state does need to have a regulating role (non socialist like) because the market wont regulate itself for the good of people, it will regulate itself for the benefit of corporations. We do need them and we need them hapoy but we also need them regulated because they are as greedy and as merciless as the politicians. And we do have experience on that too.
The video jumps from the 1929 depression to 1982 crisis and gives the impression that in those 50 years nothing happened in economical, social and political terms except peronism... In fact the 1982 crisis was caused precisely by the military government who deeply opposed peronism. And then he talks about the 2001 crisis without mentioning that it was basically a consequence of Menem's economical policies, which are admired by... Milei.
I was expecting some biased views but this is at best lazy research or at worst misinformation by omission
Crazy one sided video
This video is 100% ignorance fuel.
It wasn’t squandered. It was carefully managed by Spain, then Britain and then the US to keep Argentina in its place. Not his is different with the new president.
Why is everybody talking about Milei? Milei made it happen in less than 5 months. This is unprecedent not only in the history of Latin America but in the history of humanity.
made what happen?
put a country in dispair in even further horrors? yeah he definetly nailed that
@@elbanano2000 "Argentina recorded a financial surplus in the first half of the year for the first time since 2008."
@@gosolo1000 do u even live in Argentina?? poverty has gotten so much worse, people are getting paid virtually nothing and the general feeling in the whole country is one of desperation.
if you're looking for actual statistics: 57.4% of the country population is in poverty
please dont be fooled by the inflation rates, so many jobs have been lost, and the wages are miserable.
inflation won't rise if people just don't have the money to buy even their basic needs
milei has no idea of what he's doing, don't buy his lies
@@elbanano2000 To dismantle the economy of privileges, minimize endemic corruption, and dismantle useless ministries that only served as platforms for supporters. If we count the uninterrupted period from 2003 to 2023, except for Macri's term, Argentina would have been under left-wing or center-left governments for about 16 years. When Milei took office, he made it clear that the remedy would be bitter and the doses long, but no one wants to pay the price, and everyone expects a magic bullet. Javier Milei won the 2023 presidential elections in Argentina, assuming office on December 10, 2023, but everyone expects that magic bullet. A 9-month magic bullet. Simply impossible. Deep down, the Argentine people need to ask themselves who is truly responsible for Argentina and its choices.
@@elbanano2000 To make it easier to understand, let's talk about football. Imagine a coach who takes over a team in the lowest division. A terrible team. And he doesn't want to make this team good, but just mediocre. A mediocre team would already be great. Nine months would be impossible. Any positive result that Milei achieves now is not just for him, but for Argentina. People, based on their political choices, should stop expecting or wishing Argentina to go down badly just because they want a culprit.
Funny how he completely forgots about a full decade plus a few years (1989-2001) where Milei's policies where applied and ended with huge riots leading to the death of almost 50 people, ultimately making the then president to resign and escape in a helicopter fearing for his life. All this will end the same, we've seen it.
Ni te gastes hermano, la gente no tiene memoria. Es la misma verga que nos encajaron tres veces ya, y sigue habiendo gente que piensa que vamos a progresar con caputito como ministro de economía. País de ilusos y mansitos.
Good luck Argentina! Wishing you the fortitude to stick it through and turn the corner. Your people deserve better government than what you had until Mr Milei. May the heavens look after Javier Milei - all the best for your future! ❤
Milei is a miracle that has hapened to us There is no other way to explain it
Very poor Chile is only 60th richest country! Very poor Chile tried this Milei total free economy! Argentina will be very poor the top 60th richest country in the world with Milei!
I really hope Argentina turns around, always heard stories of the powerhouse Argentina was at the end of the 19th and beginning of the 20th century. Lots of europeans migrated to Argentina in those times looking for a better life. Argentina is the prime example where all economic theories fail, especially the ones connected to socialism.
orgullosa de ser Argentina. desde siempre.
Thank you for this video. As an Argentinian, our current circumstances make me believe and give me hope I could return to my dear country sooner rather than later
Can you explain to me how exactly Brazil is a “small and disfuncional” neighbor to Argentina?
Oh it's not small. But my Brazilian friends definitely qualify it as disfunctional.
@@Crihnoss how so?
@@enge There are not happy with the economy (even though is not such a massive mess as Argentina's). And insecurity due to property is massive in big city like Rio or Sao Paulo
@@Crihnoss well, most Americans are not happy with the US economy and with public safety. I don’t think this makes the US “disfunctional”.
@@enge But I am not talking of the US
i think you omitted some crucial parts:
while peronism had some big problems economically talking (and ideologically as well), the worst problems were due to the dictatorship from 1976 to 1983 which used a full importation model and lots of little and middle businesses were closed, along with other economical actions based on monopolization and a huge external debt, other big problems were due to the hyperinflation produced during Alfonsin's government after the dictatorship and later during the 90's government with the 1 to 1 model, meaning 1 argentinian peso was the same as 1 dollar, along with a really wrong made privatization measure (and a lot of corruption), which eventually grew up to another big inflation which finally exploded during the 2001 government of De La Rúa.
Viva la Libertad, Carajo!!!❤
Incredible depiction of Argentinian history. Congratulations! We hope to come back stronger after all these mismanagements. We believe in Milei
What a video, I’m from Argentina and you just helped me understand even more the situation of my country
The crisis that you described were in the time of menem and Macri, and had nothing to do with peronism. I think that this video lacks of impartiality .
vc nao conhece a historia do seu pais, lamentavel.
Encerio no tiene nada que ver que nos dejarán con reservas negativas? Que se fumaran más de 20.000 millones de reservas?
As an argentinian, I have to disagree with this analysis. While most of the things mentioned are true, the reality of the country rn is a far cry for it's potential to flourish. The real problem in Argentina is a cultural one. And that can't be solved over a decade or two. Also, the last 20 years have done nothing but make things worse on that sense. Education quality has only declined, and poverty only rised. Those are fundamental for any economy to grow rn.
The video talks about a country capable of feeding itself and exporting energy; while today, Argentina can't feed every citizen and also imports energy. Of course, there's the potential to turn things around, but the country itself needs to be remade from it's foundations. That takes a new constitution, since the federal design of the country is just terrible, and heavily benefits Buenos Aires at the cost of the potential and resources of the rest of the provinces. The model concentrates most of the population on Buenos Aires, and it's the reason for the popular refrain "God is everywhere, but it serves in Buenos Aires." It's also a big cause of the country's political mismanagemet, since whoever wins in Buenos Aires may very well seize the whole country. This can't be really considered federal at all, and has allowed peronism to maintain power, even today.
Finally, geographical advantages are not so important in a world where traditional war doesn't really exists anymore. Yes, there are wars, but they are conceived around avoiding international backlash (mostly economic sanctions) or an all out war (there is war against terrorism, or aiding the self-determination of the peoples). So, Argentina is going to be safe on that regard. Also, the Malvinas conflict won't be solved anytime soon as long as international law doesn't take a stand on it, and any international court ruling can't really be enforced. The Malvinas are not important for the UK for it's resources, but as a means to maintain a geographical position on the other side of the world, and an eventual territorial claim over the antartic.
"Afuera!" 💥 ❤ God bless Javier Milieu. Now for America, "Afuera! Afuera! Afuera!"
Past, present and future. Excellent analysis.
There are a few things you are missing, as an Argentinian it’s not all fun and games out here. Milei says that the previous ruler used favors to contract many friends and family for state jobs while if you google a bit you can see milei did it two. He just vetted the augment in university professors salary keeping them winning 190 dollars a month in a city where an 1 room apartments costs at least 300 dollars in rent it’s absurd, he also vetted the augment in jubilatory payments givin old people who worked their hole life in some cases less than 120 dollars a month
Ignoring the history of global finance as a form of super-imperialism or debt warfare will end badly as will ignoring the history of the imposed Juntas and Los Disparecidos by the First World back in the 70s. It appears to be a contest between local corruption and international criminality squeezing populations. I've seen the IMF in action in Central America and it's devastating.
This actually makes me cry, seeing that my country has been filled with so much corruption, and how I have been hopeless for the last years, now I see a way out.
Such a fantastic summary of our situation.
Corruption brought Argentina to it´s knees, they wanted another Venezuela or Cuba and they almost got it.
Milei is probably the last chance. Guys, don´t ever underestimate socialists, pls!!
Not corruption, socialism
@@JAraujo-yt The idea that a country should be ran for the needs & wellbeing of the country & its people is disgusting & dont even get me started on a country controlling its own resources & infrastructure for the benefit of that country alone,such a selfish concept when the West needs cheap energy.
Maybe it was in top GDP per capita in 1910's (never saw a source), but inequality was immense.
And most people didn't live well...
@@CiudadanoUruguayo You should read a book before commenting that nonsense.
@@404mehlabs You're affirming that most Argentinians lived well in the 1910's? Yes or no? And give evidence
@DaUser007 The thing is that you are comparing 1910's society with 2024's society, and you have to compare it with 1910's society. If you compare Argentina with the rest of the world, yes, we were growing super fast, from being a desert to a world power in 30 years. (just compare the estimated GDP per capita of Argentina with the rest of the world).
The thing with your argument "did argentinians live well in 1910's" is STUPID, it's like saying "did romans live well in 1AC?" YES, BUT COMPARED TO WHAT????? They were the absolute dominating, prosperous and rich super power, of course they lived well, but even then, they lived worst than a poor country nowadays.
@@404mehlabs what do you consider a power? And what is the benefit of a supposedly high GDP per capita if it was concentrated on a few hands?
Argentina is the lighthouse of the world.
Greetings from Crespo Village, Good Airs City.
PD:ANULO MUFA
It's always great to see foreigners who don't just handwave Milei as another right-wing populist or label him as "the Argentine Trump" and instead actually understand what he's all about.
Good luck to Argentina!
As an Argentinien myself, I feel very happy by your very, very well and rounded approach to this subject in your video. And just want, with your kindly permission and due respect, to kindly adress that ¡VIVA LA LIBERTAD, CARAJO! ¡VIVA LA LIBERTAD, CARAJO! ¡VIVA LA LIBERTAAD... CAAARAAAJOOOOOOOOOO!
I am so impressed with the accuracy and caudal of information you provided in this video. I am originally from Honduras, who’s lived in Alabama for 39 years and am fascinated by Milei. I watched hundreds of videos about him. Just before watching your video I watched a video from Steve Forbes to Milei. He gave good advice, and surprised me that he would take the time to make such a video for Milei. But Milei is such a phenomenal maverick that won’t go unnoticed. But you, Aaron Watson have produced the best video article in reference to Milei and Argentina. You are a quintessential professional who did an outstanding job with your production. I feel smarter after watching and learning from you. Keep up with your great job. Blessings to the Argentinians who trust Milei, wisdom and strength to Javier, and inspiration and prosperity to you. An absolutely pleased reader of your masterfully made article.
As a Chilean, I HOPE Argentina does well in the next years, so our country can learn from their achievements.
Si a Argentina le va bien, Chile puede irse despidiendo de la Antartida.
@@AustralSoldier And that would be because? Lo digo en serio xd porqué sería exactamente eso. Por que yo hablo de la parte capitalista y alejarnos del socialismo de una vez por todas, no sé si hay algún aspecto que involucre la Antartida.
@@Ifæn21 Me refiero a la guerra del tratado Antártico, ahora al haber mas capital, además que ahora estamos reformando nuestras fuerzas armadas que desde hace mas de 40 años que están abandonadas. A Chile le convenia que no nos rearmemos porque podía imponer su posición en la Antártida al igual con UK
@@AustralSoldier Nah lo dudo xd
Yo siendo de aca no veo que Argentina este buscando conflictos, y menos aun lo haria si llegase a ver un momento prospero despues de tanto tiempo
Sin mencionar que seria una kgada, esa clase de rivalidades solo las apoyan tipos de 50 años
@@doodoo2065 Rivalidad? quien esta hablando de eso? ESTO ES UNA GUERRA. La Antártida tiene muchos recursos MUCHOS y además abajo de todo ese hielo hay tierra que será estratégico para algún país como UK o cuando la tierra se hunda en el mar. Para Argentina es un buen momento para también recuperar las Malvinas ya que entraremos en guerra, acá lo difícil es ver si podremos contra los 2 que lo veo muy difícil. Si los cabeza de toalla se apoderan de todo Europa y de UK será un punto a favor para nosotros.
As an European and Spanish person, I am happy that finally someone from outside of Argentina and a non - spanish speaker talks about this with data and criteria. Here in Europe most journalists and media talk badly about milei withouth providing any data, they just spread fear about him just because he is a particular person with a particular way of communication. Everything I read about him is just about insulting him and saying that he is crazy, but they don’t talk about his economy plan or the economical results of his politics, because they are not interested and they are so politicized and blind by our European ideology, but we have to understand that every country is different and the politics that work here doesn’t work in a country that is economically devastated
😂😂
If this administration succeed it could drive a shift in geopolitics, at least in our region and South America. I hope the impact be strong enough to motivate other countries follow the same Libertarian path.
I see that, too. Break the mold. Just give him 4-5 years, and don't have a coup or a national protest. People will see the results.
@@Redmenace96 We are already seeing the results. We are hosting weekly street feed efforts in my neighbourhood because parent's can't get a job and kids can't eat, violence against lgbt people and women is at an all time high since the latest dictatorship (which this government publicly resignifies and support, and our century old public universities which allowed us to have the highest rates of education in the region don't have enough money to meet years end.
See you in 4-5 years when my beautiful country is yet another 3rd world colonized wasteland thanks to our leaders listening to cynic libertarian gringo bs like yours. F Y.
South america will be the next superpower
I wish the President and the good people of Argentina the best! You can accomplish anything when you join together.
Please do a video on how UK can help/fix itself.
Scheduled for late April
@@AaronWatsonGeo Cheers
@@AaronWatsonGeo- Can’t wait! The UK is on course to become the ‘sick man of Europe’, something once said of the Ottoman empire. Our old self-confidence has vanished, and it’s hard to see it returning if we continue down the current self-destructive, doubt-ridden path.
Keep like this, and soon you will have the pleasure to intervew Javier Milei Itself!!!
Que hermoso pais argentina, saludos desde argentina.
I'm argentinian, incredible how politicians being corrupt almost a century, one of the most impacts of Milei is the cultural change opening the eyes to people from all social classes, showing the right way to establish a good solid economy
Milei is the answer to making Argentina prosperous again. The west and their socialBS need to wake up. It's beautiful to see how many formerly glorious nations are set back on the right track again.
i hope you eventually realize how milei is only putting us closer to starvation
Hola yo soy argentino, un saludo desde aquí, muy buen video.
❤️
The new leader of Argentina is an unusual man. He looks like he's from the 1970's . So far he's done some fairly unusual things too...like turning up to world meeting which Argentina have routinely not attended in the past. It will be interesting to see how he gets on. My somewhat uneducated opinion of him is that he's a likeable bloke who seems to be trying to steer a safe course.
Sehr gutes Video! Ukraine mit Argentinien!
Love to ukraine from Argentina ❤
Slava Ukraine und... VIVA LA LIBERTAD CARAJOOO!!! 🐍😎👆
I seriously dont see why anybody would ever support Russia
Im with Ukraine on this 💙 (have been listening to its folk music too)
50 years of neoliberalism (privatization, deregulation, consolidation) got the world into the worst economic mess. Replacing government investment in public purpose with private bank credit caused the disappearance of the middle class and skyrocketing private debt. Milei wants more privatization (which is the core of fascism).
“All within the state, nothing outside the state, nothing agaisnt the state” Benito Mussolini.... privatization is exacly the opposite of fascism, is removing the opressive state of the life of the people.
@facundobaez2690 What if the state is controleed by private companies like the republic of bananas?
American asking for dolarization as a panacea, forgetting that Argentina in the past dolorize itself.
World is dropping dollar as a trading currency, but the west is having a very hard time to notice it.
I love Argentina, but it always finds a way to shoot itself in the foot. Milei is great and saying all the right things, but he has a lot to fight through and I fear their is a global force working against him, geopolitical enemies and a government body that has never been efficient. I'm not so sure he can overcome all of those things.
Hahahahaha you made me laugh 🥲
Lets hope this wont be a 4 years journey only
A mílei no lo sacan más ya somos muchos jóvenes del país y en diferentes provincias y que explicamos a los mayores y familiares y amigos que este es una oportunidad única para salir del socialismo de los (k) tenemos mílei para rato....
Mira y aprende 💪🙌👍
@@franconasser4708 Como van las unis??
@@someonetoblame7253 de 10 jajaja que saquen a quienes roban de la uni y se revise todo.
This is just an unabashed apology for free market policies. At first I thought you were half joking until you spoke seriously about how Milei's radical policies will eventually benefit Argentinians, you know, after the suffering has passed. Clearly you have failed to understand that shock therapy imposes suffering on a people to no gain. The past few months of sustained protest show just how unpopular his policies are.
The economic literacy displayed in this video is a breath of fresh air. Phenomenally woven together. Very impressed!
From the river to the sea Argentina will be free