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Inflation Hits 30-Year High In Argentina (menafn.com)

submitted 7 months ago by Luisp@lemmy.dbzer0.com to c/world@lemmy.world

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"Argentina registered a year-on-year inflation rate of 254.2 percent in January, the highest in 32 years, according to data released Wednesday by the National Institute of Statistics and Censuses (INDEC)"

Poorness rise to almost 58% while the president is refusing to hike the minimum wage, which is common to rise every 3 months or so even during the right wing liberal regime of Macri, but this guy FUCK NO he just signed a billion dollar subsidy to "Mercado Libre" the eCash monopoly owned by the richest Argentinean Galperin ~5 Billion of declared wealth

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[-] CosmoNova@lemmy.world 38 points 7 months ago

Are Argentinians at the finding out stage of fucking around yet?

[-] Patches@sh.itjust.works 12 points 7 months ago

The entire world is in the find out stage.

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[-] gregorum@lemm.ee 28 points 7 months ago

Oh, is the fascism not working?

[-] Neon_Shadow@lemmy.world 15 points 7 months ago

Who could've possibly seen this coming?! Austerity for thee (poors) but not for me (rich).

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[-] RizzRustbolt@lemmy.world 11 points 6 months ago

"We're going to do the exact same thing Nigeria did. But this time, it's going to work!"

"Oh no! It did the exact same thing that happened in Nigeria!"

[-] Luisp@lemmy.dbzer0.com 1 points 6 months ago

We are doing what Ecuador did in 1998... which ended with the biggest economic crisis in 100 years in 1999

[-] Aurix@lemmy.world 5 points 7 months ago

What is worrysome is the seeming practical impossibility to oust these men in power from their seats.

[-] qdJzXuisAndVQb2@lemm.ee 3 points 7 months ago

Violence is the great leveller.

[-] Aurix@lemmy.world 3 points 6 months ago

Current technology would like to have a word.

[-] dangblingus@lemmy.dbzer0.com 3 points 6 months ago

I feel like the angry yelly guy with the silly mutton chops wasn't giving "fiscally responsible" vibes at any point.

[-] TheFrirish@jlai.lu 1 points 6 months ago

I honestly do know what the Argentinians would have done. the previous government thought it was a bright idea to present the minister of the economy for the presidential election. A chihuahua would have sufficed to win. Instead a Goofy lion got in.

[-] sharkfucker420@lemmy.ml 0 points 7 months ago

@racsol

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this post was submitted on 19 Feb 2024

153 points (98.1% liked)

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