Rightwing president vowed to rescue country from years of ‘impoverishment’ – but for many the situation is desperate

Summary

Argentina’s poor are struggling under President Javier Milei’s severe austerity measures, which include deep spending cuts, subsidy eliminations, and mass layoffs.

Poverty has surged to a 20-year high, with 53% of Argentines and 18% in extreme poverty. Communities face rising food prices, job losses, and reduced social support, while pensions and public works have been heavily slashed.

Though Milei’s policies have reduced inflation and stabilized the peso, critics argue benefits favor the wealthy.

Despite widespread hardship, Milei retains significant public support, while opposition parties remain fractured and ineffective.

  • Modva@lemmy.worldEnglish
    91·
    12 hours ago

    I thought this guy was voted in and they wanted his shock therapy on the economy.

    Well, there you go. Maybe economics isn’t as simple as populists would have you believe, but it’s too late now, the damage train is rolling.