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Today, Explained
“Make Argentina Great Again!”
Feb 28, 2024
Exploring Argentina's economic crisis with over 200% inflation, shock therapy strategies by President Milei, general strikes, and political unrest. Divergent views on the president's policies, highlighted economic turmoil, and historical context of the country's struggles.
25:37
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Quick takeaways
- Argentina's new President implemented shock therapy, causing higher inflation and protests among citizens.
- Historical economic crises in Argentina demonstrate the complexity of reform efforts beyond solely addressing inflation.
Deep dives
Javier Malay's Economic Agenda and Argentina's Inflation Crisis
Javier Malay, as the newly elected President of Argentina, implemented shock therapy, devalued the peso, and cut government spending to address the country's economic issues. However, his policies led to even higher inflation, with over half the population living below the poverty line. Despite widespread discontent and protests, some Argentinians remain willing to give Malay a chance, hoping his measures will yield long-term benefits.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode