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Don't tread on me (lemmy.world)
submitted 6 months ago by to c/politicalmemes@lemmy.world
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[–] -1 points 6 months ago (2 children)

What's dishonest about it? He did lower inflation and poverty but the way he did it, including help from US, is controversial. He did need help from Trump to do it but he is exactly the guy that could get help from Trump. What if a leftist leader secured help from Europe to save his reforms? Would that also mean their reforms were bad? I also think they already paid their debt to US which help their reputation and makes other investments possible.

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  • [–] 1 point 6 months ago (1 child)

    You have two options:

    1. your economic policy is such that your country can stand on its own two feet, even if barely.
    2. your economic policy is such that if you don't get a bailout from abroad, everything blows up in your face.

    The first one is "good, even if controversial". The second one is "horrible enough that will blow up without a bailout"

    So, yes, if a leftist leader needed a massive bailout, their reforms would be considered bad.

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  • [–] 1 point 6 months ago

    I think that's a very simplistic view. Argentina had 300% inflation in 2024. It was 30% when US bailed them out. Argentina got the bailout because their currency fell. Peso fell because Milei's party lost local elections and investors lost confidence. For me this shows that Milei's strategy was very risky and the situation was volatile. Previous governments didn't have risky strategies and the inflation hit 300%... Most analyst say the bailout wasn't urgent and it was more about politics than economy. Trump wanted to show that he will support Milei and help him politically. We don't know what would to Argentina's economy without the bailout. Saying that lowering inflation and poverty is meaningless because of some political play by Trump is dishonest.

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