Argentine Poverty Rate Soars Under Far-Right Leader

September 28, 2024 Extremists, Politics

The Guardian reports:

Argentina’s poverty rate has soared to almost 53% in the first six months of Javier Milei’s presidency, offering the first hard evidence of how the far-right libertarian’s tough austerity measures are hitting the population.

The new poverty rate, reported by the government’s statistics agency on Thursday, is the highest level for two decades, when the country reeled from a catastrophic economic crisis, and means 3.4 million Argentinians have been pushed into poverty this year.

Since taking office in December, the self-described “anarcho-capitalist” – who campaigned with a chainsaw in hand to symbolise the cuts he would make – has slashed public spending in an effort to tame chronic inflation and eliminate the budget deficit.

Read the full article. Milei has cut support for welfare programs, soup kitchens, and other efforts to aid the needy.

Milei’s biggest cheerleader is Elon Musk, who has vowed to bring similar policies as the leader of Trump’s supposed “Department Of Government Efficiency.”

Of note, the planned department’s acronym just happens to be the same as a cryptocurrency often promoted by Musk.

Earlier this year Musk posted the below porn-adjacent image in celebration of Milei.



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