• Flying Squid@lemmy.world
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    3 days ago

    The evidence is it’s getting worse, not better. Poverty is increasing significantly.

    How is there hope?

    • FireTower@lemmy.world
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      3 days ago

      Because inflation rate is decreasing. It’s still triple digits but it’s going down.

      Imagine a wildfire spreading rapidly. Remedial action is taken and then it continues to spread but notably slower. Obviously there’s more to do but it is still good news for a place where that is in short supply.

        • FireTower@lemmy.world
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          3 days ago

          It’s not a good thing. No one here is arguing that poverty is good. It’s that their current choice is ‘still pretty high inflation w/ high poverty’ is preferable to ‘holy shit that’s their monthly inflation w/ high poverty’.

          Low poverty is no longer in Argentina’s deck for the foreseeable near future. Inflation will rob the working class people of any thing they are given or earn.

          • Flying Squid@lemmy.world
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            3 days ago

            The poverty was far lower before Milei started implementing austerity measures, so yes, by saying his measures are a good thing, you are saying high poverty is a good thing.

            • FireTower@lemmy.world
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              3 days ago

              Only if you believe there is no direct connection between the devaluation of people’s savings paired with increased costs of goods and poverty.

              Hyper inflation in itself leads to poverty.

              • Flying Squid@lemmy.world
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                2 days ago

                Then why is poverty so much higher now than it was before Milei started implementing his libertarian ideas?

                • FireTower@lemmy.world
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                  2 days ago

                  Because inflation is compounding in nature just like interest is. The longer you have a high inflation rate the worse the situation gets.

                  • Flying Squid@lemmy.world
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                    2 days ago

                    Inflation is getting lower and poverty is rising. You’re not making sense. Meanwhile, child mortality is also going way up.

                    You’re not justifying Milei’s liberarianism because it’s not doing what you are claiming.

    • az04@lemmy.world
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      3 days ago

      Inflation is going down. That brings hope. A year ago some saw their life savings’ purchasing power cut to a third. That brings despair. This year it only went down by half, which brings hope because it’s an improvement. Once inflation is at a reasonable level, economic growth will have to bring hope, which it probably won’t, since Milei will be focused on lowering debt and trying to fill the hole in the central bank, which still stands at negative 7 billion dollars in foreign reserves.

      • Flying Squid@lemmy.world
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        3 days ago

        Being in poverty with hope is really not any different from being in poverty without hope. You starve either way.