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The previous leftist government had used complicated currency controls, consumer subsidies and other measures to inflate the peso’s official value and keep several key prices artificially low, including for gas, transportation and electricity.
Yea devaluing peso from 360 for a dollar to 790 for a dollar instantly meanwhile is such a big brain play.
there is no such thing as a ‘natural’ price. every price is artificial. OPEC is literally a cartel ffs. The concept of ‘artificial’ pricing is so libertarian brained.
A Mileista friend of mine keep complaining about 140% of inflation a year for the past government, but now that yhey had like 300% in a week suddenly is ok and is just the true price of everything. Of course he dosen’t live in Argentina and dosen’t has his salary cut by a third in a week so it’s ok.
Always the gusanos living outside their countries that back their right-wing nutcases the hardest
The invisible hand of Chicago School pseudoscience.
there is no such thing as a ‘natural’ price.
Have you seen a middle-eastern market? Of the kind where they bargain. Like in fairy-tales.
That’s how markets actually look in the wild.
And the natural price is the mathematical expectation of the price you get by bargaining.
It’s very simple and in this particular case “mainstream” economics and libertarian economics get along pretty well.
no. because the prices are influenced by external factors. i live in a country where markets like these exist and the price is not ‘natural’ in any way, in an idealized world maybe but not in reality.
firstly, transporting any commodity (and inputs such as fertilizers) requires fuel and fuel prices aren’t determined by such idealized markets you mentioned, its determined by what cartels and oligopolies want it to be. you are also ignoring subsides, not just by the national governments but foreign governments. for example, developed countries provide a shit ton of subsidies which pull down prices in the international markets, without restrictions and tariffs these displace local production.
there is also the fact that food prices are very inelastic, the seller can push prices very high and the consumer will be forced to accept it because you can’t live without food.
i dont really get the middle eastern market you are mentioning because in reality there is absolutely price discrimination going on.
OK. Natural prices exist as an unreachable ideal point, but there are no absolutely natural prices in real world. I agree, and, BTW, no ancap would argue with that.
natural prices can only exist in an environment where every consumer and producer has all the information and is completely rational.
if you are rich and a vegetable seller who typically charges $5 for a vegetable charges you $10 you are unlikely to bargain as you would consider it a waste of your time and energy and just buy it. is this person being rational by not wanting to waste their time or irrational because they aren’t squeezing more out of the seller.
My two comments combined do not contradict what you say.
Thx for the link, I’ll look at it
Totally out of context title
I am not surprised that Lemmy is a cesspool of leftism
Then why are you here?
Ah yes democracy
Look, theres a lot of reasons this guy sucks.
Increasing the costs of two things that are causing the most damange to our planet is not a reason to criticize him tho.
sure it is. removing subsidies on commodities like gas doesn’t change the demand for gas, it just puts more of a burden on poor people, and doesn’t matter at all to the rich who use it most. that path will only lead to backlash against green policies in general, see the yellow vest protests. in order to reduce consumption you actually need to reduce demand by giving people sustainable alternatives.
How the fuck do they afford subsidies? Why do you think they have been in this crisis for 30 years? It is a well educated and fairly modern society. But if you think socialist programs can be paid by borrowing money or printing money indefinitely and won’t result in cronic poor outcomes then you have little understanding of basic economics.
This is just the price the poor are going to have to pay while the rich get to loot the country.
The poor are kept poor by being unable to even buy a pc… 200% import tax on electronics is the WORSE YOU CAN DO TO NORMAL PEOPLE.
Ffs stop trying to spread hate on this guy, at least try harder, biased articles and no context titles are not helping your dumb agenda either
He genuinelly is not a good person. He’s a glorified US fanboy anti lgbtq+ “anarcho capitalist.” He also is against abortion. Where is this hopeful wiggleroom you have?
Idgf he’s a good person or not, he’s supposed to rule a country and stabilize the economy for the argentinian people. Since he’s not aligned with the popular party of the Internet he’s getting so much hate and from people that haven’t even been to south America.
I don’t think people on Lemmy like Peronistas very much, but the vast majority of things Milei stands for and has proposed are very sus at the very best.
Oh please, if we go by Lemmy’s standard, they would gobble Peron’s cock
Who would’ve known, the man that made it so people can get their salary in jugs of milk is a complete idiot.
