One Year In: How is Milei’s “Experiment” Going?

After a year in office, Milei's economic policies appear to have been successful and that is reflected in his sky-high approval ratings. So in this video, we'll explain how Argentina's economy is going and whether this can be replicated elsewhere.

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Sources:

Morning Consult polling

[luisfilipe]

Argentina is the definition of “extreme times require extreme measures”

[thepax]

Can it be "replicated"?
Do we even have another "Argentina" to replicate it with?
"There are four kinds of countries in the world: developed countries, undeveloped countries, Japan and Argentina"
- Simon Kuznet

[juanchi]

I'm Argentinian, and I want to add some context to this video:
In the first moths of this year, poverty skyrocketed, the GDP decreased and inflation was super high, but all of this was caused by the disastrous former government's mis-administration, since they printed 10 monetary bases in the 3-4 last months of 2023 (just before milei took office) for the candidacy of the former Minister of Economy to the presidency, going straight to recession and hyperinflation. When Milei takes over, the emission is cut and public spending is reduced, this produced the decrease on the GDP, because up to that point, most of Argentina's economy was centralized on the public sector (which couldn't be afforded by the citizens). But some have already calculated that the GDP is about to grow by 5% next year.

[SomeoneFromBeijing]

What people always deliberately ignore is that Milei used to be an economics professor. He has extreme policies, but it's not like he's just a random dude who wanted to "delete stuff".

[idonteven]

Comment section when decades of disasterous policies take more than 2 months to fix: 😡

[grey]

Argentina is a weird case, a rich nation 100 years ago has become poor but has attempted to live above it means for decades, the hardest part of this is basically accepting and restructuring the country so it can actually move on from its cycle of perpetuate economic death

[ScissorsRuns]

You have to be here to understand it. For years we went to the grocery store not knowing what we'd spend, because prices were all over the place. Go on a monday, prices have gone up by friday. Now we endure because we understand theres no change without suffering and we can see the change, despite the old guard that brought us to ruin trying to block everything he does while pretending they were never part of the problem. Also blaming those horrific December numbers on him is just disingenuous, that was the inheritance of the previous government, probably the worst one in our history, given that each day a new corruption plot from that era is uncovered.

[HappyGick]

For anyone wondering, the first bill that Milei introduced, the "Ley Bases", which includes most of the reforms, is 339 pages long with over 250 articles. It was introduced on day one.

No politician is ever going to replicate that successfully anywhere. What this video says is true. Milei's reforms are long term and you can see that they have been planned for years. They are complicated. And that bill is of course extremely specific to Argentina.

[CB]

It's too early to tell. Wait 3 more years.

[yernoi]

I like how his “extreme “ measures are just spending a normal amount of money instead of a stupid amount

[kristianmir]

People don’t understand that while poverty is up - it is because Milei’s economic policies shocked the economy. At least he’s trying to fix the situation, on the other hand, the other parties were okay with keeping Argentina slowly going down the gutter and compensating with hyperinflation.

[Canario_]

He promised blood, sweat, and tears, he won and he’s delivering. What a shock isn’t it?

[russiandrivers]

Extreme times require extreme haircuts

[elgenerico]

Milei's reforms remind me of the Balcerowicz plan in Poland. The Balcerowicz plan caused two years of economic downturn (when the socialist economy was being torn down), followed by an 800% accumulated GDP growth over the next three decades. I hope Argentina does this well too.

[shadeblackwolf]

Mile's success is based on a country in a death spiral, investing to escape it. Are there other countries in a similar state? Yes.

[panakap]

Poland when switched from communism to free market also went through hard times, and now is one of most growing economies in the world.
I keep my fingers crossed for Argentina, you can do it too!

[GeAsita]

As an Argentinian living abroad it’s the first time in my 40 years that I’m asked about our politics and our president, first time ever I’m not ashamed to say my vote : VIVA MILEI

[GThu]

I learnt economy quite a lot. When I heard him first time, after 1 minute, I knew this guy knows what he is talking about. All is needed the Argentinian people 's patience. They proven to be smart enough. I think this patience is more of an achievement for Argentinians then Milei himself. They will deserve what will come for their sacrifice. I'm really happy for them, even from the other side of the world.

[shinjiikari]

1:29 that 1 peso note you guys keep using in your videos is from like the 1960s

[kevincronk]

It is rarely a good idea to compare Argentina to anywhere else in the world, whether it is succeeding or failing it always does it uniquely.