Jump to content

Argentina's Trump bound for Presidency?


Jamalisms

Recommended Posts

1 hour ago, Justafan said:

Of course there is. Your example of Nordic countries is a great example of deregulation, stronger competition laws, and scaling back public programs being enormously successful. 

If America immediately replicated Finland’s now scaled back government programs then Republicans would all be having aneurysms from how hard they screamed “socialism”

Link to post
Share on other sites

  • Replies 586
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

Pure nonsense.  Byrd, Gore and Fulbright were liberal Democrats to name a few.   In fact the more Republican the South has become, the less racist.

“Libertarian”   LOL you fucking suckers 

They're 100% centrists at the least by international standards

Posted Images

15 minutes ago, Starkiller said:

If America immediately replicated Finland’s now scaled back government programs then Republicans would all be having aneurysms from how hard they screamed “socialism”

I agree with that sentiment. Still, it's obvious proof of concept of what we just discussed. 

Link to post
Share on other sites

10 hours ago, Justafan said:

Of course there is. Your example of Nordic countries is a great example of deregulation, stronger competition laws, and scaling back public programs being enormously successful. 

How did deregulation go for Argentina when they tried it in the early 21st century?

 

The EU is heavily regulated, but the free market makes it much easier to run an open economy as most of the countries are working to a similar standard. I agree this is a good model. The key is good regulation that is not controlled by monopolies to crush small businesses, progressive tax rates and strong social nets

Link to post
Share on other sites

1 hour ago, IrishTitansFan said:

How did deregulation go for Argentina when they tried it in the early 21st century?

 

The EU is heavily regulated, but the free market makes it much easier to run an open economy as most of the countries are working to a similar standard. I agree this is a good model. The key is good regulation that is not controlled by monopolies to crush small businesses, progressive tax rates and strong social nets

Argentina has been on the losing side of community government policy for a long time. Drastic measures were necessary to deal with the hole they had dug for themselves, and any turnaround was always going to involve a period of struggle.

 

As for the EU and its heavy regulation, I would argue that some are good, but a lot of them are terrible. I agree with you that lack of regulation isn't necessarily good either, and I am all for a policy that promotes competition and limits monopolization.  Regulation should be carefully implemented and, wherever feasible and responsible, eliminated entirely.  The government usually causes more problems than it solves through strict policies, and I also agree that progressive tax codes and strong social nets are good when implemented responsibly. The problem in the US is that our leaders and our society are not responsible, and Argentina has been far worse for a long time. 

 

Free markets is what will lift them out of poverty. The government can't do it. All it can do for now is set conditions and get out of the way. 

Link to post
Share on other sites

  • 1 month later...
15 minutes ago, Justafan said:

 

Actually, most of us talked about how the human impact of these policies would be severe. And they are. 

 

That you are willing to excuse that human cost is less a policy justification and more just an ethical preference.

Link to post
Share on other sites

45 minutes ago, Jamalisms said:

 

Actually, most of us talked about how the human impact of these policies would be severe. And they are. 

 

That you are willing to excuse that human cost is less a policy justification and more just an ethical preference.

That’s a cop out and naïveté to the situation. We’ve had this discussion before. I won’t have it again but I’ll continue to post the amazing success and unsurprising story in Argentina where a once rich country became poor with stupid socialist policies and is slowly climbing its way back out with free market economics. The only form of economics that has ever created wealth and had a long term positive human impact.

Link to post
Share on other sites

  • 2 weeks later...
  • 2 weeks later...

Ye Good Ol' Pump and Dump ... He's Argentina's Trump, for sure

 

---

 

Argentine President Javier Milei is facing calls for impeachment after promoting a little-known cryptocurrency, whose price soared then collapsed after his endorsement, leading to losses for thousands of investors.

 

The news has caused a major scandal in Argentina, with the opposition accusing Milei of promoting a scam, an allegation that the presidency has denied.

 

Pablo Sabbatella, an expert on crypto security issues, told CNN that Milei shared a “smart contract,” a kind of interbank code, of the Solana blockchain platform, which had became fashionable in recent months among investors who bet on highly volatile assets.

 

“The first thing I saw was that the website had been registered yesterday (Friday); (which) is typical of a scam,” said Sabbatella. He also indicated that the token was created minutes before Milei published the message.

 

“The whales (large holders of the asset) bought at practically nothing. Then the price flies and when it is up, they sell. It is known as pump and dump; that mechanic happened,” said Sabbatella.

 

He noted that he saw accounts that bought at very low levels earning more than $4 million in two hours, and one that earned up to $87 million with the sale.

 

https://www.yahoo.com/news/argentina-president-milei-faces-impeachment-230655811.html

Link to post
Share on other sites

A lot of these new brash leaders are just grifters pretending to be looking out for the economy in the name of capitalism. They see the people as "marks".  

 

And get the fuck out of my face with this crypto shit. It's just a scam.

 

Suckers try and make a quick buck off of these meme coins/crypto etc....They deserve what they get.

 

I doubt anything happens to Milei but he should be impeached and jailed for this. 

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.


×
×
  • Create New...