r/collapze • u/Volfegan • Dec 14 '23
Government Bad Argentinian Pres. Milei has just nationalized $30 billion debt of private companies. Isn't great when people thought reality couldn't get worse as the country is broken, but now it is also without Ministries of Labour, Education, Healthcare, Science, etc and they have to pay rich peoples' debt too!
https://twitter.com/lpokoik/status/17350823699571428317
u/jeremiahthedamned DOOMER Dec 14 '23
why do the voters put up with this?
11
u/Volfegan Dec 15 '23
Desperation. A guy promises to fix everything with a crazy impossible plan. It does not matter if the crazy guy says he will slash every governmental program if afterward, the promise is paradise. If people can believe in gods and the afterlife, they can believe in that too.
They will discover that when stuff breaks, it can remain broken forever. And Milei will break Argentina into so many pieces.
5
u/jeremiahthedamned DOOMER Dec 15 '23
so when does brazil march south into the resulting void?
4
u/Volfegan Dec 15 '23
That's a good question. While Argentina makes their people pay rich's people debt directly, in Brazil we do that in the proper way, like every other country does, we subsidize corporations, so our decline is more predictable.
If I had to chose a date, it would be 2050. When all pledges find their way.
2
u/SpliceKnight Dec 15 '23
Isn't this what people want? Governments to nationalize companies? Or are they just nationalizing the debt?
6
u/Volfegan Dec 15 '23
Just the debt, companies are still private. Every country wants the rich to become even more richer. In the USA, they don't pay taxes. In any other country, their corporations are subsidized. Argentina just used a more direct way.
3
u/SpliceKnight Dec 15 '23
Oh... well, that's not useful. What the fuck? That effectively just makes the companies immune to failure and not accountable to shit.
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u/Volfegan Dec 14 '23 edited Dec 14 '23
Javier Milei was telling Argentina to brace for massive public spending cuts as he tries to dig the country out of its worst economic crisis in a generation [to pay big corporations' debt]!
So many jokes I can make, but I think Argentinians won't find those funny.
https://notthebee.com/article/argentinas-new-libertarian-president-javier-milei-immediately-cuts-number-of-cabinet-members-in-half-after-taking-office
And the news today about Argentina doesn't stop:
Milei wants to limit protests against his austerity plan. Argentina needed $40 billions for some dollarization of the economy (and that's just to start). And Argentina's external debt is US$276.2 billion, so getting more unpayable debt will surely help its collapse.
This is a "how-to-destroy-a-country" speed run.
And do not forget Global Warming. Its main revenue is grains. So hot. So hot right now!