Even with the IMF’s largest loan ever, Argentina cannot seem to avoid rising unemployment, high inflation, and recession. CEPR’s Mark Weisbrot explains that this is because they are following the usual failed neoliberal recipe
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At last a insightful assessment
Lol macri neoliberal? None of his policies were capitalist. He's social democrat.
cambiemos and Macri haven't done anything neoliberal,70% of your pay goes to the taxes, they are socialdemocrats
Middle Income Countries Trap.
It happens every 2 to 3 decades to many developing countries in the world.
Not only happening in Argentina and Turkey.
Macri fails and Christine is even worse. Argentina needs a new leader….
Neoliberal polices are tanking the world economy. It's time for progressive economic policies to take over the world.
Nos fuimos a la B!
Argentina's economy is based on the same failed policies as our own…it's just ahead of our own in tanking. Stay tuned! The INF will front them so that confidence in the system is still sustained…not!
Neoliberal "logic": If your muscles are atrophied from illness, instead of exercising to gain back your strength, use a tourniquet to constrict blood flow to your muscles and you'll get better eventually.
taking help from the globalist IMF always ruins a nations economy. if Argentina follows in the footsteps of every other country who have had a rise in populist right and left movements. The October election may see a rise of new partys Or an individual like Diego Maradona may be elected mirroring something like Imran Khan in Pakistan.
We killed Neoliberalism in Mexico FOREVER!!!!
Russia was offered support and a plan for recovery by the IMF when then economy colapsed
fortunately they had the good sence to ignore the IMF
they developed their own really successful recovery plain and now have surplus government budgets and no debt
How to Ruin Nations look no further than US & Their Financial Arms IMF &World Bank.
Socialists should throw Argentina in the face of every idiot capitalist who thinks Venezuela is some kind of argument against socialism
In all gos down to Macri being in cahoots together with big financial players to sell real state assets, i.e infrastructure, land etc
Macri served his purpose. He got the IMF loan that boosted the peso to dollar exchange rate high enough to enable the oligarch's to get their money out of the country while leaving the rest of the population to deal with the aftermath.
Argentinean here, the sad part its that a big part of it base instead of accepting that this policies fail are now claiming that the problem is that they dont cut spending and taxes even more. A big part of argentina is moving to the ringth thanks to de complicity of the corporate media that apply mass censorship and manipulation to move the discontent further ringth in orther to mantain the ideological agenda.
So the Banksters at the IMF have screwed up another countrys economy , Big Surprise….NOT. The IMF is so determined to keep an easily controlled puppet that they will do anything to keep him in power. Looks like it's time to get out the yellow vests and take back your country Argentina ( and US)
Thanks for the excellent report on the economic situation. Macri hasn't done much to help the economy or jobs, so it is unlikely he'll get reelected in October. I have no idea for whom I will vote, but it won't be Macri. The country is against the IMF loan for good reason. It's not going to help Macri win another term as president.
Death to neoliberalism!! That should be Bernie's campaign slogan 😂😂
#NAFTA : The minute that I knew what the Acronym stood for,
North-America-Free-Trade-Agreement, I KNEW : It’s going to HURT the ( Mexican ) employees, and
it’s going to hurt American Employees!! “
I admit that I didn’t comment on #Canada at that moment.
Please Recall : “ The South “ , meaning #Central and #SouthAmerica has been considered to be ‘OWNED’
by the #USA Empire of Stealing Resources, plus the #USA literally said, “ Well, we’ll let Europe have Africa,,
so that they can ‘not be too depressed after the annihilation of ( WWII! ) Go : #SmedlyButler 💔
As expected
Thanks for sharing that, well said
It's very sad to see how they are taking over and ruining South America.
Once Argentina agrees to the loan terms even if Christina gets elected she will be trapped. So the IMF can double down and win no matter what. No Argentine government will be able to get out from under without very unusual events.
What a surprise.