Milei in LA: Argentina to become the new mecca of the West

[MilHojas]

Javier Milei in Los Angeles: ‘Argentina has all the necessary conditions to be the new mecca of the West’

The president of Argentina traveled to the US for the fourth time since he took office and met with Elon Musk for the second time in a month as part of his bid to attract foreign investment

english.elpais.com

It seems that Buenos Aires is now not only 'the Paris of South America' but also 'the new Rome of the 21st century,' and is about to become 'the new Mecca of the West'.

 

[Rich One]

Javier Milei in Los Angeles: ‘Argentina has all the necessary conditions to be the new mecca of the West’

The president of Argentina traveled to the US for the fourth time since he took office and met with Elon Musk for the second time in a month as part of his bid to attract foreign investment

english.elpais.com

It seems that Buenos Aires is now not only 'the Paris of South America' but also 'the new Rome of the 21st century,' and is about to become 'the new Mecca of the West'.

May be true? Mecca of the West, sounds promising parallel to the Saudi Wealth. Instead of Capital of the Poor.

 

[carride]

https://english.elpais.com/internat...nditions-to-be-the-new-mecca-of-the-west.html

 

[QuilmesSlo]

With good government, it could be.

 

[perry]

A countries performance must be judged by the standard of living of its inhabitants not foreign investment which only benefits a few billionaires . Angola has many billionaires and its capital Luanda was the most dearest in the planet recently but 80 % of its people are living in abject poverty. Argentina is heading in the same direction

 

[antipodean]

A countries performance must be judged by the standard of living of its inhabitants not foreign investment which only benefits a few billionaires . Angola has many billionaires and its capital Luanda was the most dearest in the planet recently but 80 % of its people are living in abject poverty. Argentina is heading in the same direction

Yes, it definitely should be judged by the standard of living if its inhabitants and not just FDI inflows where Brazil, Mexico and Chile top the charts for our region.

It’s called an HDI (Human Development Index) score, where Argentina and Chile still top the charts for our region by a long shot.

Comparar economía países: Argentina vs Perú Índice de Desarrollo Humano 2024

Comparativa de países. Comparativa de los datos macroeconómicos y socio-demográficos de países. Aquí tienes la comparativa de Argentina vs Perú, Índice de Desarrollo Humano

datosmacro.expansion.com

HDI By Country 2024

www.datapandas.org

Interestingly, Argentina in 2024 has an HDI score far higher than Peru which is a country some on here see no problem with or recommending as a great place for expats to live. Also interestingly enough the countries with the highest HDI scores also tend to have the most liberal economic policies most similar to what is on this government's actual policy making agenda.

As to Mecca of the west idea.... cultural change (e.g. a rules based society) does not happen overnight even with the best economic policies and laws. The value of the concept also depends on the west still being rich enough to be a worthwhile target market versus others who may be able to pay more by that time. In the meantime I can totally see Argentina rebounding fairly quickly - as it always has done - becoming a fad economy... yet again... drawing in a lot of money, Argentine consumers going on fuelled spending sprees, seeing big infrastructure projects and modernisations, having some nice headlines about a "miracle economy" and after a decade or so, fizzling out because... no one followed the rules or there were no rules to follow (it's all the same).

 

[Ceviche]

A countries performance must be judged by the standard of living of its inhabitants not foreign investment which only benefits a few billionaires . Angola has many billionaires and its capital Luanda was the most dearest in the planet recently but 80 % of its people are living in abject poverty. Argentina is heading in the same direction

Nailed it