Argentina under Milei (our economists can read it and weep!)

(Benjamin Norton gave us a Twitter or X update

Under “libertarian” President Javier Milei, Argentina is de-industrializing at breakneck speed. Neoliberal economists don’t care about the real economy, only fictitious capital in the financial sector. Argentina’s industry is collapsing, losing many good manufacturing jobs.

This data on de-industrialization is not from the left-wing opposition to Milei; it is from a business group, the Argentine Confederation of Medium-Sized Enterprises, CAME: https://t.co/heMsLNxBq0

— Ben Norton (@BenjaminNorton) May 7, 2024

Javier Milei’s “anarcho-capitalist” vision for Argentina is to make it a de-industrialized resource colony for US corporations, abandoning all sovereignty and using the US dollar, while its people provide low-paid services to the Global North. This is exactly what he is doing.

End Ben.

Amarynth comment:

And we all know that this was the plan.  It is a recreation of ‘cheap labor’, we always use the example of bananas, a banana republic, to keep the region in shackles to the ‘Big Babylon’ in the North.  There is nothing new.  They tried with Brazil but somehow it did not work.  Even from jail Lula had too strong an influence.  Now it is another rape of Argentina and certainly not the first time.  For those that do not pick up on the LatAm region, Argentina has the  biggest IMF loan in human history.

Yet there are some good vibes between Argentina and China.  All may be lost momentarily only and we may have to thank China again shortly into the future.

For a bit of the nasty, I’m really glad they skipped BRICS

 

Solo voy con mi pena, sola va mi condena
Correr es mi destino para burlar la ley
Perdido en el corazón de la grande Babylon

Me dicen “el clandestino” por no llevar papel

Pa una ciudad del norte yo me fui a trabajar
Mi vida la dejé entre Ceuta y Gibraltar

Soy una raya en el mar, fantasma en la ciudad
Mi vida va prohibida, dice la autoridad

Solo voy con mi pena, sola va mi condena
Correr es mi destino por no llevar papel

Perdido en el corazón de la grande Babylon
Me dicen “el clandestino”, yo soy el quiebra ley

Mano negra (clandestina)
Argelino (clandestino)
Mexicano (clandestino)
Marihuana (ilegal)

Perdido en el siglo

Solo voy con mi pena, sola va mi condena
Correr es mi destino por no llevar papel
Perdido en el corazón de la grande Babylon
Me dicen “el clandestino”, yo soy el quiebra ley

Mano negra (clandestina)
Boliviano (clandestino)
Peruano (clandestino)
Marihuana (ilegal)

Albaneses clandestinos
Boliviano clandestino
Mexicano clandestino
Marihuana ilegal