this post was submitted on 27 Sep 2024
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Staunch libertarian Javier Milei has implemented a range of austerity measures since taking office. His government blamed previous administrations for the dire economic situation.

The poverty rate in Argentina reached 52.9% during the first six months of Javier Milei’s government, the national statistics agency reported on Thursday.

It marks the highest poverty rate since 2003, and a 11.2% increase compared to the second half of 2023.

The number of people living in extreme poverty grew by 3 million during the first half of 2024, according to the report.

The statistics agency calculates poverty by comparing household income with the cost of a basic basket of goods, which amounts to around $240 (€215).

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[–] ours@lemmy.world 6 points 2 months ago

By chainsawing all the social nets and the magic of economic liberalism the Economy would heal and everything would be wonderful!

Or at least some super-wealthy people can buy up State services for pennies on the dollar and make a killing later.