Libertarianism fails faster than communism. It has been well documented and people still think it's a better system of government
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What about that shitload of money his buddy trump gave him? Wasn't that 40 billion?
Less than $900 per person.
He is a Catholic, converted to Judaism, and fully Zionist. Most likely he funnel that money back to trump through deals with Israel.
you are using the word billion incorrectly, a billion is a million million, and it was 20 thousand millons, not 40.
In English, "billion" means " a thousand million". "un billón" in Spanish is "a trillion" in English
It's ten thousand lakh actually, or a hundred crore.
That's the British usage of the word. Possibly elsewhere, but when the US uses that word we refer to 1000 × a million. Still entirely uncertain as to how that linguistic difference came about.
In Canada we see US billion sometimes. It gets confusing.
For which use case? Is the billion = a million million standard, or is the thousand million standard?
Also how did we end up with two standards of such a basic numerical name?
Edit: their original comment read "Non-English Anglosphere," hence my first question not making much sense any more.
English->English
French->American
Due to US market size, theirs is becoming more standard.
Like metric, the US swapped to the French version because of their hate of the British following the split.
Ok, see I knew French and Latin used the 1000 of the previous magnitude word is the next magnitude word, I wasn't sure if that was standard or not. Seems that it is the Brits who changed things.
Possibly because Americans were so keen to call themselves billionaires they lowered the requirement.
Similar to how they pronounce "Aluminium" the same as "Platinum" to make it sound like a precious metal.
This isn't a criticism. If I'm being kind the real reason is that less separation between "million" and "billion" is functionally more useful, as well as aspirational.
We spell that word aluminum, not aluminium. That's why we pronounce it that way. Why we spell it differently? No clue.
Also it's not just a billion. A trillion is a thousand billion on this side of the pond, and has been since well before any Americans were even close to being billionaires. We just use a smaller standard for counting, but that's also the standard French and Latin used, so I don't think it has anything to do with us.
In part it was because it was named out of standard through a misunderstanding but then it wasn't corrected...
You spell it differently so that you can pronounce it differently, as I say, to make it sound like a rare and valuable metal.
It is pure marketing.
Aluminium used to be hard to obtain. It was a rare metal and then some smart bastard worked out how to extract it using electrolysis and it became as common as dirt.
Some people had invested heavily in it as a precious metal and overnight their investment was worthless, so hence the reluctance to rebrand.
Ok, I can see that. There are a couple of State Capitol Buildings whose domes are covered in Aluminum Leaf, which would now be called aluminum foil, and I have square yards of the stuff in my kitchen and garage. At the time they were built aluminum was still difficult to get, less than two decades after they were built electrolysis guy did his thing, lol.
I knew that at one point King Louis the somethingth or other, had a full set of aluminumware to serve extremely important guests with. Like, not just cutlery. Plates, saucers, bowls, cups and goblets. The less distinguished guests had to eat and drink out of platinum, gold, or (gasp) silver.
I didn't know that about King Louis (n) ... That's a great fact!
Last Fall when our own citizens were going hungry in a government shutdown, Trump sent Argentina $40 billion, and instead of buying meat, they bought donkeys they could fatten up to eat later?
No wonder Argentina's economy crashes every 2 years.
This is of course extremely biased meme. The reality is that so far Milei achieved a lot of what he planned for. The main issue in Argentina was huge inflation and out of control public spending. Both ruling parties were unable to address this for years so people got fed up and elected Milei as a kind of protest leader ("politicians can't help us so fuck it, let the whole thing just collapse"). Just how tired of constant economic crisis running for decades everyone was is another story.
So Milei won and did what the previous governments didn't want to do: cut spending. He got inflation under control by sacrificing big chunks of society. Old people got screwed, poor people got screwed but so far his plan of "short time suffering to achieve long term stability" seems to be working. Inflation is down, poverty is down, foreign investment and trade looks good. The question is no longer if Milei's reforms will collapse the economy or not (they didn't) but if the reforms will work long term or if the improvements will be short lived and not worth all the suffering it caused.
Like most people here I hoped that Milei's politics will explode in his face and we'll have a clear proof that the ideas sold by right wing populists are bullshit but it didn't happen. The jury is still out on Argentina but anyway, each country is different and even if it will work there long term it doesn't mean guys with crazy hair are good for the economy (as we can see globally now).
Old people and poor people got screwed, but poverty is down? How does that work? And if it's going well, what's this about donkey meat? That's a sign of underlying food price inflation. Not all of that can be traced back to global factors.
Are you sure you're being honest with this review? Considering how the US had to bail him out? Without that, his policy WOULD have exploded in his face.
They said poor people got screwed and poverty is down in the same sentence. There's no way this argument is in good faith.
This sounds like “rich people are ok” where their “Wall Street” is doing better but skip the rest. They talked about trade and foreign investment, not generally concerns of the common or poor person.
Yeah I mean they accused the meme of being biased while ignoring the fact that people are being forced to eat donkey meat. Definitely not someone who cares about others.
This is a serious economic strategy labeling people as "useless eater", you know who called it that? Nazi Germany. They called it "Unnütze Esser"
(lit. "useless eaters" or "useless mouths") Similar to life unworthy of life, a designation for people who dont or refuse to work, people with serious medical problems or disabilities, and other Untermenschen not deemed to be useful to Germany. It was used in the 1938 children's book Der Giftpilz by Julius Streicher, and in Philip K. Dick's book The Man in the High Castle and its television adaptation.
Well if all the poor old and disabled people died, then yes logically poverty would be down
Poor people can be mass murdered and poverty will go down, you do realize?
He might have found a different source of money if not from Trump.
As an amateur economist I do feel like he made a lot of right decisions though he's clearly corrupt. Dunno if this will work out in the long run as corruption will outweigh the gains of right economic decisions.
Absolutely. Everyone was expecting the corruption but I think most people didn't expect any of the right decisions. No one knows what will happen long term but so far things went surprisingly well. Or course all the suffering he caused is terrible but at least for now there's something to show for it.
Did anyone expect the rockabilly?
tbis.
It's unfortunate that it's always the poor and the elderly, the rich rarely get thrown under the bus..alas they're always welcome in some other shit country, like the US, so they have a way out, the poor, not so much.