What Would Dollarization Mean for Expats?

"There is no real local or global demand for pesos, as investors and citizens know that the government will continue to print currency without control."

"Argentina is already dollarized in large part because citizens are fleeing the local currency."

Argentines are accustomed to using dollars. Dollarisation is therefore far from a radical idea.
The media routinely brand Milei as 'far right' but seldom ever refer to Fernandez/CFK etc as "far left"
How can any rational person not see that the current system has utterly failed?
Instead of debating ISSUES many seem more focused on Milei's personal life and eccentricities - some of which may be true, some of which may be made up or exaggerated.
One way or the other, change is coming.
 
sergio said:
How can any rational person not see that the current system has utterly failed?
Click to expand...
There are a lot of irrational people in this world. You don't have to go any further than these forums to see that.
 
Im Argentinian, Dolarization would be great, we are fed up with inflation and cant bying dolars to travel or for saving. Vamos Milei!!! NEXT PRESIDENT!!!!
 
sergio said:
The country was split on the issue of abortion. Would he press the abortion issue? Could he do so and work on the economy? It would certainly distract the country from the issue of dollarisation. And how would he be able to change the law?
Click to expand...
Why even try to open up the topic again? It's "settled law" now. Done and dusted. And even the Argentinian supreme court members didn't perjure themselves on the issue to get their positions. There's so much else to be fixed, and this is one of his headline issues? Wtf...?
 
sergio said:
"There is no real local or global demand for pesos, as investors and citizens know that the government will continue to print currency without control."

"Argentina is already dollarized in large part because citizens are fleeing the local currency."

Argentines are accustomed to using dollars. Dollarisation is therefore far from a radical idea.
The media routinely brand Milei as 'far right' but seldom ever refer to Fernandez/CFK etc as "far left"
How can any rational person not see that the current system has utterly failed?
Instead of debating ISSUES many seem more focused on Milei's personal life and eccentricities - some of which may be true, some of which may be made up or exaggerated.
One way or the other, change is coming.
Click to expand...
Maybe you could explain what you mean by "far left"? I'd understand it to mean state ownership of production, collectivization, restrictions on individual liberty, restrictions on the expression of political views...

Compared with that vision, "Fernandez/CFK" would seem to be much closer to a fairly typical European centre-left view, with a major role for the state in investment, research, education, health, as well as a social component with subsidized housing, unemployment / pension support, and so on. It's questionable how much of that Argentina can afford. but that doesn't make it far left.
 
earlyretirement said:
I thought this was a great article. Most journalists don't really understand Argentina. Many have never even stepped foot in the country yet write about it.

Milei Is Not Argentina's Problem, Socialism Is... | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
Click to expand...
LOL I needed a laugh like this after a long day of work
FrankPintor said:
Maybe you could explain what you mean by "far left"? I'd understand it to mean state ownership of production, collectivization, restrictions on individual liberty, restrictions on the expression of political views...

Compared with that vision, "Fernandez/CFK" would seem to be much closer to a fairly typical European centre-left view, with a major role for the state in investment, research, education, health, as well as a social component with subsidized housing, unemployment / pension support, and so on. It's questionable how much of that Argentina can afford. but that doesn't make it far left.
Click to expand...
While I don't necessarily agree with the framing vis a vis individual liberty, you're basically spot on: the person that wrote the article (and the people who liked it) are as economically literate as Massa himself. It's basically the local version of Republicans calling people like Bill Clinton, the father of 21st century American neoliberalism a communist. Words have meaning, and as someone who subscribes to far left political ideologies themself, I can't help but laugh any time I see people say "Argentina's problem is socialism/communism/marxism/etc."

Let's review:
  • Argentina has never had a leftist, communist, or socialist president
  • There are currently 4 people in congress who subscribe to this philosophy, and they're all Trotskyites from the FIT-U coalition
  • Here is an article in which even Cristina identifies as an anti-communist, literally setting out a 20th Century Corporatist vision of Macroeconomics: "Cristina Kirchner to businessmen at Campora Meeting: "We need a virtuous alliance between capital and labor... Capitalism is the most efficient model . Watch ' Goodbye Lenin ' to end the discussion". You would be crucified if you said such a thing to socialists, and people who argue such beliefs are routinely mocked amongst lefts, including in groups I belong to, and she's the mother of the current flavor of Peronism
  • If Peronists were socialists, they would have come in second with 7,089,582 votes, beating JxC during the PASO, but instead 628,893 votes went to FIT-U
  • As Frank points out, there is no worker control of the means of production beyond basic co-ops you find in the most right wing countries
  • Private property is hoarded and this is literally being complained about (by the same expats) in another thread due to the ridiculous rents being sought as a hedge against inflation
  • American, Canadian, and Chinese firms control many mineral mining projects, and foreigners, rich locals, etc. can own as much productive agricultural land as they want (almost every leftist government starts with land reform)
  • The security state is incredibly weak here: was the Soviet Union, DDR, Cuba, Vietnam, etc. known for uncontrolled petty crime in the neighborhoods inhabited by working class people? Hell no, now look at Zona Sur and Rosario and tell me that shit would be tolerated in Cuba
  • YPF is a publicly traded company literally listed on the NYSE, the home of American capitalism and economic imperialism, Saudi Aramco is owned 90% by the KSA vs. 51% for YPF
I could go on, but it's a fruitless endeavor when you have communists running against Massa for president saying "vote for me, I hate Massa because I'm a communist" and people are still like "Wow, look at that commie Massa!" because Milei thinks public education is Marxism.
 
Quilombo said:
LOL I needed a laugh like this after a long day of work

While I don't necessarily agree with the framing vis a vis individual liberty, you're basically spot on: the person that wrote the article (and the people who liked it) are as economically literate as Massa himself. It's basically the local version of Republicans calling people like Bill Clinton, the father of 21st century American neoliberalism a communist. Words have meaning, and as someone who subscribes to far left political ideologies themself, I can't help but laugh any time I see people say "Argentina's problem is socialism/communism/marxism/etc."

Let's review:
  • Argentina has never had a leftist, communist, or socialist president
  • There are currently 4 people in congress who subscribe to this philosophy, and they're all Trotskyites from the FIT-U coalition
  • Here is an article in which even Cristina identifies as an anti-communist, literally setting out a 20th Century Corporatist vision of Macroeconomics: "Cristina Kirchner to businessmen at Campora Meeting: "We need a virtuous alliance between capital and labor... Capitalism is the most efficient model . Watch ' Goodbye Lenin ' to end the discussion". You would be crucified if you said such a thing to socialists, and people who argue such beliefs are routinely mocked amongst lefts, including in groups I belong to, and she's the mother of the current flavor of Peronism
  • If Peronists were socialists, they would have come in second with 7,089,582 votes, beating JxC during the PASO, but instead 628,893 votes went to FIT-U
  • As Frank points out, there is no worker control of the means of production beyond basic co-ops you find in the most right wing countries
  • Private property is hoarded and this is literally being complained about (by the same expats) in another thread due to the ridiculous rents being sought as a hedge against inflation
  • American, Canadian, and Chinese firms control many mineral mining projects, and foreigners, rich locals, etc. can own as much productive agricultural land as they want (almost every leftist government starts with land reform)
  • The security state is incredibly weak here: was the Soviet Union, DDR, Cuba, Vietnam, etc. known for uncontrolled petty crime in the neighborhoods inhabited by working class people? Hell no, now look at Zona Sur and Rosario and tell me that shit would be tolerated in Cuba
  • YPF is a publicly traded company literally listed on the NYSE, the home of American capitalism and economic imperialism, Saudi Aramco is owned 90% by the KSA vs. 51% for YPF
I could go on, but it's a fruitless endeavor when you have communists running against Massa for president saying "vote for me, I hate Massa because I'm a communist" and people are still like "Wow, look at that commie Massa!" because Milei thinks public education is Marxism.
Click to expand...

It's always nice to read a post by someone who favors facts & history over political rhetoric.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
Q Milei: No Dollarization in 2024 Articles 35
A Dollarization Expat Life 68
M Paul Krugman: Why dollarization is a fantasy Articles 17
C alternatives to dollarization ? Expat Life 3
J What Would Dollarization Mean for Expats? Expat Life 39
Similar threads
Milei: No Dollarization in 2024
Dollarization
Paul Krugman: Why dollarization is a fantasy
alternatives to dollarization ?
What Would Dollarization Mean for Expats?
Back
Top