Two years ago, over half of Argentina's population lived in poverty. Today that's been cut in half. In just two years the poverty rate dropped from 54% to 28%.
President Milei has held office since December of 2023, a little over two years ago--the same two years. How has Milei accomplished this tremendous turn-around?
As a former economist, he understood something important: socialism produces poverty. His country had been under socialism for almost a century. Part of his strategy has been to reduce the size of the government. State subsidies along with public sector payrolls were slashed.
Inflation declined from 200% when he took office to 33% two months ago. For the first time in about a century, Argentina had a fiscal surplus in 2025.
A chainsaw is the symbol of his attack on overspending and socialism.
from Washington Post
(cont'd tomorrow)