Today, Explained “Make Argentina Great Again!”
19 snips
Feb 28, 2024 Argentina is facing a staggering inflation rate over 200%, and the country is divided over its new anarcho-capitalist president, Javier Milei. Reports from Buenos Aires highlight the harsh realities of life as citizens grapple with economic shock therapy measures. Protests and strikes are erupting as many express dissent against his radical policies. Through the voices of the populace, the podcast captures the struggles and hopes of a nation burning with discontent and looking for change amidst economic turmoil.
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Arbolitos and Cuevas
- Sean Rameswaram visited Florida Street, a hub for currency exchange in Buenos Aires.
- People called "arbolitos" (little trees) exchange pesos for dollars in "cuevas" (caves).
The Grocery Store Without Prices
- Sean Rameswaram visited a small grocery store in Palermo where no prices were displayed.
- He bought six items for 42,000 pesos, realizing the impact of inflation.
Milei's Shock Therapy
- Javier Milei's "shock therapy" involves cutting government spending and devaluing the peso.
- This led to increased inflation and a rise in poverty, worsening the economic situation.
