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2 yr. ago
  • You're not wrong. There's probably a better way to stabilize Argentina's currency which won't lead to as much suffering. But no one presented that better way.

    Peronists have been doing the same things for decades and it led to 40% poverty. Milei ripped off the band-aid and it led to 60% poverty. But it probably paved the way for lower poverty in the future.

    If you find a way to lower inflation (which helps everyone) and make the poorest people in society equally prosperous, I'm sure they'll give you a Nobel in Economics for it.

  • Inflation is going down. That brings hope. A year ago some saw their life savings' purchasing power cut to a third. That brings despair. This year it only went down by half, which brings hope because it's an improvement. Once inflation is at a reasonable level, economic growth will have to bring hope, which it probably won't, since Milei will be focused on lowering debt and trying to fill the hole in the central bank, which still stands at negative 7 billion dollars in foreign reserves.

  • Milei is a Christian, authoritarian, regressive fascist.

    And he would never have gotten into power if the Argentinian left had respected the independence of the central bank, been more pragmatic with their subsidies and let the market decide more of their economy. Protectionism doesn't work and Argentina is a shining beacon letting everyone know that.

    The left in Argentina did this to themselves. Even the trade unions in Argentina are struggling with support because they're seen as complicit in the country's wild overspending.

  • Because in the long term, very high inflation leads to everyone being poorer. And Argentina is the very best example of this.

    A country that went from being the 6th richest in the world to having over half the population in poverty in 100 years. All thanks to protectionism, subsidized living costs, low taxes and printing money to make up the difference.

    And let's not forget fleecing the international community for money to rebuild the economy several times and then not paying it back.

  • The LCOE of renewables has been decreasing so fast that they are now cheaper than fossil fuels. You might very well see that graph change drastically over the coming decades. The LCOE of fossil fuels has been decreasing as well, and contrary to what you said production has been increasing since the pandemic, despite the horrors it will do to the climate.

    I really don't see why people would starve... Electricity is getting cheaper to produce independently of whichever method you use, more things are being electrified, and the current price of oil is a historical average when adjusted for inflation.

    If your point is that soon it won't be profitable to extract oil, then I have a graph for you too: https://ourworldindata.org/grapher/oil-proved-reserves?tab=chart , when that graph decreases by at least half we can talk. Until then, I'd say 200B tonnes of economically extractable oil is more than enough, and we should be more worried about the climate change that oil will cause than with it not being enough.

    You choose to see horrors present in a convoluted and esoteric set of cherry picked data. I choose to see the wonders like the GERD dam, which is giving people in Ethiopia access to cheaper, cleaner electricity. Higher quality of life without the constant need to extract more and more oil. A dam that will last generations.

  • I disagree. Several countries are preemptively shutting down fossil fuel electrical generation in order to switch to low carbon sources. That is a transition, not an addition. 90% of my energy consumption today will be low carbon. On days I have to go somewhere by public transit I can take a natural gas bus just as easily as an electric bus, so I really don't care if fossil fuel extraction dips, my energy needs are met just fine (and getting cheaper every year).

  • This guy is really hoping renewables will be more expensive than energy is currently, which is not what current trends indicate. Because if energy becomes cheaper his entire point collapses and he knows it. And it's a bit disingenuous to argue against the current system because real wages haven't gone up in decades and then advocating for an agrarian system... where real wages would be much smaller than they are today. Like most Collapse focused stuff, it seems like wishful thinking more than anything else.

  • Yep, when stocks start going south, the first thing to do is lower wages/fire people and the second is heighten prices.

    People shouldn't be under the idea that problems in wall street mean the rich are becoming poor. It means the rich will be less rich and the poor will lose their jobs and suffer higher prices. The GFC was proof that wall street fucks up and the rest of the population finds out.

  • Near my university there was an underground bakery open from 18:30 to 6:30, and whenever you were drunk or high coming out of some university party or just a night of drinking with your friends you'd end up going there and it was amazing. At a reasonable cost, some high sugar and fat pastries, or just a warm croissant, served by an immigrant man in his 50s who would call everyone nephew. All this through a tiny barred window below the earth. A wonderful thing.

  • There were anti Trump republicans, some even voted to impeach him, but they've all been purged or are in the process of being purged. Because now the Republican party isn't about an ideology as much as it is a messianic cult around Trump.

  • Videos @lemmy.world
    az04 @lemmy.world

    The Wildest Landing Ever at Madeira Airport

    The airplane was empty, with no passengers.