Staunch libertarian Javier Milei has implemented a range of austerity measures since taking office. His government blamed previous administrations for the dire economic situation.
The poverty rate in Argentina reached 52.9% during the first six months of Javier Milei’s government, the national statistics agency reported on Thursday.
It marks the highest poverty rate since 2003, and a 11.2% increase compared to the second half of 2023.
The number of people living in extreme poverty grew by 3 million during the first half of 2024, according to the report.
The statistics agency calculates poverty by comparing household income with the cost of a basic basket of goods, which amounts to around $240 (€215).
Sounds like most economists haven’t heard of Liz Truss.
Can verify: am Brit.
Liz truss tried the libertarian experiment, sidestepped the Office for Budget Responsibility that her own party set up so that they were prevented from announcing the forthcoming shitshow (because she correctly thought they would be doom and gloom about it), tanked the economy in less than one week, blamed the media for it, blamed not going far enough for it, blamed the Chancellor of the Exchequer for it, sacked him, said she wouldn’t resign but was famously outlasted by a lettuce.
Now she simps for the republicans but is largely ignored by them. She still maintains she was right, which is par for the course for idiot lying right wingers.