Very true
Yes I agree again, that the poor will pay the most. They always do. They suffered the most with the horrible inflation these past years and will continue to suffer with the measures to tame it.
Curious how do you view the comment the private sector won't be held accountable? What does that mean exactly?
I think the jury is still out on Milei we have to wait 12 to 18 months to see how these reforms will play out. i don't think we'll have the full picture by then, but at least a clue.
Regarding private sector not held accountable is exactly what Milei said. Probably means not to higher the taxes on profits and such, while taxing people more, laxing of employment laws, less regulations of private sector etc. Some is understandable and necessary, some isn't.
If we see last few weeks, companies immediately passed the burden of devaluation on the people, first with basically doubling the prices even if there wasn't any economic reason to do so, second by salaries not going up as much and probably won't reach the real impact anytime soon. And is about the power here, small local business cannot keep up with price increase, while bigger and powerful ones, that can afford even to suspend activities, can do whatever. And this is further crumbling economy.
I am far from being an expert, tried to know more a decade ago and got lost in all the useless data they are operating here, and lack of relevant data. We should probably distinguish between big international companies, big Argentinian companies, middle sized ones and small business, and between sectors as well. Some of them are very profitable, some barely floating and is not necessary connected as how they are run.
Anyway, if rich are getting richer, which is usual case in any crises, and certainly is true in Argentina now as well, they should be part of the rebuild. At the end of the day, they are earning because they have consumers, they have access to infrastructure and employees. If regular salaried people are paying more, companies and people with passive income should as well, if not more.
About Milei I don't think even 4 years is enough for such a radical change he is planning. The main question is, when it will be better for average voter. You can do wonderful, have all the stats in your favor, but people get very soon tired being poor, especially those who still think themselves clase media, and there is plenty of those. It is easy to be pragmatic and realistic from high ground, harder if you are directly affected. And here I didn't include opposition, which will not be idle. And syndicates, we can't forget those, they pose even bigger threat to Milei than opposition and they are completely excluded from any accountability...
