Argentina Thread : Milei wants NATO security cooperation

maniak

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4bars said:
First macro indicators:

Argentina devaluated argentinian peso and cut some expenses

70% of expenses cuts are:

- 38% on pensions
- 27% on public salaries
- 64% on public subsidies
- 86% on public infrastructures

Due to the devaluation of the argentinan peso:

- +9.6% export growth
- -14.3% import decrease

What it means a good commercial balance

This combination of factors has supposed the first surplus on the public treasury since 2012 by 2 billion euros that after paying interest debt ended with 500 million euros

the counterpart? poverty jumped from 49.50% to 57.4%

Is that a 1 step backwards to jump 2 forward? or a recipe for a disaster?
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The economy gets better, the people get worse.
 

4bars

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maniak said:
The economy gets better, the people get worse.
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I dont have much hope for anarchocapitalism. An experiment that will be interesting to see but im afraid many will suffer

The fear i have is that worldwide assholes with economic influence might prop up argentina experiment to see "it works!" And feck us all over with the new idea
 

Raoul

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Carolina Red said:
He knows NATO doesn’t cover the South Atlantic, right?
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McCain, in his later years, wanted to convert the alliance from north atlantic to one of democratic nations to include the likes of Japan, S. Korea, Australia and so on. Will be interesting to see how this unfolds.
 

Bert_

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Raoul said:
McCain, in his later years, wanted to convert the alliance from north atlantic to one of democratic nations to include the likes of Japan, S. Korea, Australia and so on. Will be interesting to see how this unfolds.
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There are obvious reasons for bringing those indo-pacific nations officially into the alliance. They pretty much are anyway.

No benefit to NATO from Argentina joining. Detrimental if anything for the stability of the alliance.
 

11101

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Nato excludes defence of its members' overseas territories that fall South of the Tropic of Cancer so Argentina definitely isn't happening.

I'd think there might be a few vetos anyway should they really try to join.
 

Raoul

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A bit of clarity - They're simply asking to obtain "global partner" status, which would allow them greater ability to participate in security cooperation exercises. Its basically little more than a way for the Argentinian military to level up by participating in NATO exercises.
 

Revan

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Raoul said:
A bit of clarity - They're simply asking to obtain "global partner" status, which would allow them greater ability to participate in security cooperation exercises. Its basically little more than a way for the Argentinian military to level up by participating in NATO exercises.
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It has to be this, right?
Revan said:
The request was to become a global partner (similar to Australia, Japan, South Korea), right?
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Sweet Square

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Aren’t anarcho capitalists against collective action????

It is wild that Argentina nominated a guy who could be a character from Fallout New Vegas.
 

The Corinthian

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Sweet Square said:
Aren’t anarcho capitalists against collective action????

It is wild that Argentina nominated a guy who could be a character from Fallout New Vegas.
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He also looks like Michael Fabricant's darker alter ego.
 

VorZakone

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4bars said:
Paywall. But for the title, seems like poor losing money while rich getting richer. Nothing new
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It's about Milei's austerity measures following years of Peronist-esque policies. Short term was always gonna be rough but Milei gambles on pulling Argentina out of its economic troubles through these hard measures. It remains to be seen.
 

4bars

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VorZakone said:
It's about Milei's austerity measures following years of Peronist-esque policies. Short term was always gonna be rough but Milei gambles on pulling Argentina out of its economic troubles through these hard measures. It remains to be seen.
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Oh I know his measures. slashing through the public sector, deprecation to boost the exports and slow the imports, deregulation and more neo-liberalism. These are hard measures indeed, but for poorest segment of the population.

Menem already tried something similar 3 decades ago and fixed the problems momentarily to make them worse ending with "el corralito", the worst economic crisis of the last 50 years in Argentina

I understand the desperation of Argentinians though, they can have a break, and they had been stolen left and right. And as the saying goes, if you keep trying the same expecting different results, you are crazy. But I don't know how they will have it with this anarcho capitalist that got as Finance minister the same minister than 5 years ago, so the one that was in charge of the Argentinian economy. Why he will do better if argentina is in this situation partially because of him?

As you said it remains to be seen, but I have little hopes
 
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