Argentina's poverty levels hit 57% of population, a 20-year high in January, study finds - eviltoast
  • Shardikprime@lemmy.world
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    9 months ago

    Wow, so the previous government had a poverty percentage of 0?

    No, wait, they had 49% poverty by November 2023.

    And you tell me that after all these changes to reduce spend, it went up by 8%? I would have expected it to reach 90% to be honest.

    • bluGill@kbin.social
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      9 months ago

      The whole goal of those changes is tough love to fix all the problems, so short term problems but in 2 years things improve for the better.

      Administrations don’t have near as much control over the short term as you seem to think.

      • Deceptichum@kbin.social
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        9 months ago

        Lol, “if we do even less we will magically become better in the long term” is genius levels of cope.

        Austerity doesn’t work, we’ve known this for a long time now.

      • Shardikprime@lemmy.world
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        9 months ago

        I get what you mean. No I don’t think they have magical control, but with all the fear monger about the guy on Lemmy you would expect that a nuclear cataclysm should have razed Argentina by now haha.

        Still I do hope everything goes to plan and inflation starts to trend down. It is going down but we need more. Good thing is Caputo is aiming for inflation near 10% this February. If it even stabilizes over 5% monthly that would be an extreme boon.

        They guy would be reelected for next term assuredly