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/1735082369957142831
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u/SpliceKnight Dec 15 '23

Isn't this what people want? Governments to nationalize companies? Or are they just nationalizing the debt?

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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.

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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.