SlowWalker
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- Jul 22, 2025
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I've worked at Michelin star joints in Chicago as a sommelier. A middle class family used to be able to dine at most of them. Here in Buenos Aires as well. I used to dine at them frequently on a lower middle class wage. Now, those wages have me pegged at near poverty level when compared to purchasing power. People are seeing wages that used to afford them vacations, dining out regularly, having disposable income...are now unable to even afford their mortgage/rent and the basics. This is why the system is failing. It's obvious. Any scraps that the governments can hoard, Joe citizen will never see it. Wages are low to bulk accounts of a very slim upper class these days. Essentially, I'm told to stop living so that a few folks at the top can do it, instead. However, my labor...they'll keep siphoning off its value. Politicians shouldn't be able to accept bribes by way of 'campaign donations' and should never, ever be able to trade on the market with the privileged positions they hold. It's all the biggest scam I've seen. In one breath Trump can sink the markets, then bolster them the next day. It's not reality. It's a system made and held together by corruption. And most folks suffer it, and will sadly suffer more if we accept this as the norm.
Absolutely. Agree with every point. But it is a global issue, not just American or Argentinain.
Canadians that don't own homes now are essentially being told the only way they will move out will be with roommates.
I am not defending that system. That system is made up of politicians acting within their best interest, and those of lobbiest or their donors.
While there may certain aspects that overlap in Argentina right now, I don't think the protectionist policies and lack of development in the country were helping. If the country was investing in itself on productive things to sell then it might have had a better chance. But by not developing resources, the system becomes extremely unsustainable to support the value of the currency and operating expenses of the government. If we were to look at Saudi Arabia, UAE, and other governments, they are able to fund their investments and growth throught the sale of resources. And they have gone beyond just oil and gas, but developed fertilizer industries, additional mineral mining, aluminium smelters (9% of the worlds aluminium production split among Saudi Arabia, UAE, Qatar and Bahrain). Saudi has a reasonable size population 35.1M, While the other countries have smaller populations and much smaller citizens, Qater - 2.6M residents with 313k citizens, UAE - 11.7M with 1.4M citizens. The countries are also far smaller than Argentina, therefore much cheaper to provide services and infrastructure to the entire population.