Argentina’s inflation slowed down for a second consecutive month in February, as right-wing President Javier Milei continues to push austerity and deregulation measures in an effort to revive the country’s struggling economy.
I’m not arguing they should throw all sense in the wind and do whatever, but obviously this radical type of neoliberalism is an utter failure in caring for the citizens. And I would argue the first and foremost responsibility of any government is to care for its people, not to make the country an attractive investment.
Countries don’t need to be profitable, but also they cannot be hundreds of millions in the negative.
They can ignore or change of course all the rules that have been made up, but nobody can ignore the principles of economics.
I’m not arguing they should throw all sense in the wind and do whatever, but obviously this radical type of neoliberalism is an utter failure in caring for the citizens. And I would argue the first and foremost responsibility of any government is to care for its people, not to make the country an attractive investment.