Is Milei’s Radical Plan to Save Argentina Working?

After eight months in office, Argentine President Javier Milei has slashed spending on social security, public wages and consumer subsidies. His austerity measures have won praise from former US President Donald Trump and Elon Musk. Milei also remains largely popular at home, with approval ratings above 50%. But painful reforms can only stay popular for so long. To win midterm elections next year and hang on to power, Milei must lift a cobweb of capital controls to restart the slumping economy without fanning inflation further.

00:00 Introduction
01:13 Milei’s rise
02:26 Cuts to public spending
05:23 Popularity in Argentina
06:28 Impact of austerity measures
08:10 Milei’s future

#Argentina #Milei #News
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[RichardKing-sxxc]

A Decade???? Lady, the Argentine Economy has been a basket case for *MANY DECADE!!!*

[el_larva]

People and media do not understand what shot term means. They think is weeks or months, actually it is years

[g.peters]

It took Poland many years and even more painful reforms to emerge from an even worse crisis. We succeeded but to this day many people have bad memories of that time (80-90's). Argentina - I don't know what's going to happen but you need to finally get back on your feet.

[member]

why did this video seem to conclude that "whether he gets reelected" determines if it paid off? that's NOT the measure, the video didnt mention any real details about how the economy is doing or what teh signs of it improving would be

[ingusmant]

This video is the kind of shoddy quality political commentary I would expect from buzzfeed, not from Bloomberg, which is a financial news company.

[Martin-dzgy]

Why does coverage about melee seems to forget to mention that he was an economist with 20 years of experience. He is not some random dude with fiery speeches about the economy

[Flodar_Eltih]

I was expecting to see some data in the video. All i get is talk talk talk and one graph and then talk talk talk talk again. Disappointed.

[watermelon]

Terrible video .. no information just clickbait words… unprofessional coming from BLOOMBERG.

[TriumvirSajaki]

Milei: fixing the economy is going to require some pain before it gets better, we know this ahead of time

*Pain happens

Everyone: <very surprised>

[nerina]

People who say, 'We used to pay $120 for a bus ticket, and now we pay $700, ' are usually from Buenos Aires. In the rest of the country, we've always paid more for buses and other services like gas and electricity, so we don't really care about their opinions on Milei. They've always had subsidized services. Give him time and we'll see if he is a solution or another part of the problem.

[willcowan]

"Low and middle classes houses had to pay 5% for the actual cost of electricity, but now have to pay 20-30% of the real cost of that electricity"

Don't you mean, they paid 5% but pay the other 95% through inflation or taxes??

[RobbyCarlyle]

Milei's economic plans have never been radical within the context of economic principles. They've only been radical in the context of a nation that has never respected economic principles. Ripping off the band aid is hard but if they stick the course, they'll have one of the strongest and most stable economies in the world soon.

[info]

Why is balancing a budget and paying the bills radical?

[GuidoAmbar]

Milei popularity is still above 50%, not because of anger, but because of HOPE.

[ovariantrolley]

9 minutes to describe a complex economic question posed in the vid title and after 2 minutes u decide to spend 2 mins showing randoms and anecdote.
Please go away

[theApeShow]

"Gamble"? More like "the return to economic fundamentals".

[Joso]

If it works it is going to inspire other countries to elect revolutionary reformist

[Mike-booj]

the Dave Ramsey method, beans and rice until your in a stable situation and not under crushing debt.

[MrRealitybite]

Average argentinians can barely pay rent and public services, nothing else

[adrienpartier]

You'll have to prove that "saving the Argentine economy" really is Milei's actual objective at this point.