Other people's money, and the problem with Mileism : Financial Times

[ElQueso]

I thought this was a great read in FT. The mood seems like it is shifting.

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[Larry]

Thanks for sharing the link. Very good.

I loved the part at the end. The problem with Mileism is you eventually run out of other people's money! So true!

 

[Avocado]

Thanks for sharing the link. Very good.

I loved the part at the end. The problem with Mileism is you eventually run out of other people's money! So true!

Love it! Milei just keeps borrowing more and more and more money. The economy is getting worse. The numbers are all fake. Lies lies and more lies. Poverty numbers are bogus. Retired old protesters getting beat up. How can people think it is better now?

 

[VINO]

Many people I know reluctantly voted for him out of frustration with previous corrupt and fraud by K and her party. Now people are taking a close look and realize that Milei and his sister are more of the same.

 

[jbeas176]

the usa government is shut down because the dems and reps can’t agree on a budget. what do think about that 20 billion loan. wouldn’t be the time backed out of a deal. he is now called taco. trump always chickens out.

 

[Piranha]

the usa government is shut down because the dems and reps can’t agree on a budget. what do think about that 20 billion loan. wouldn’t be the time backed out of a deal. he is now called taco. trump always chickens out.

Doubt Trump will allow the USA to spend billions on Argentina in the near future. Probably just talk to prevent the peso from collapsing but Milei and his party seem like they are imploding. Look at Espert backing out. Why in the world would they allow that in the first place. All of these criminals in bed with one another.

Many people I know reluctantly voted for him out of frustration with previous corrupt and fraud by K and her party. Now people are taking a close look and realize that Milei and his sister are more of the same.

Milei will never get the poor vote. He got the wealthier and upper middle class vote but these people are going to turn against him too now. Talk to some business owners and many of them are turning against Milei too. Many I know tell me they won't vote anything related to Milei in the election. They admit they were better off before.

Business is terrible now. Chinese imports are flooding the market which is good for consumers because prices are going down. More competition which is good for consumers but terrible for many business owners. One friend owns a textile company and he said he and his friends are all going out of business. Consumers aren't buying either.

Chinese suppliers are happy to sell on credit. Many import companies are getting destroyed now by flood of cheap Chinese imports. It wouldn't be terrible for the fact that my friend said all his employees will lose their jobs when they shut down. If this is happening to his company it is probably happening to many companies in different industries.

These people voted for Milei and he said he and all his friends regret it now. I would be shocked if Milei does well on October 26.

 

[Finance Prof]

Doubt Trump will allow the USA to spend billions on Argentina in the near future. Probably just talk to prevent the peso from collapsing but Milei and his party seem like they are imploding. Look at Espert backing out. Why in the world would they allow that in the first place. All of these criminals in bed with one another.


Milei will never get the poor vote. He got the wealthier and upper middle class vote but these people are going to turn against him too now. Talk to some business owners and many of them are turning against Milei too. Many I know tell me they won't vote anything related to Milei in the election. They admit they were better off before.

Business is terrible now. Chinese imports are flooding the market which is good for consumers because prices are going down. More competition which is good for consumers but terrible for many business owners. One friend owns a textile company and he said he and his friends are all going out of business. Consumers aren't buying either.

Chinese suppliers are happy to sell on credit. Many import companies are getting destroyed now by flood of cheap Chinese imports. It wouldn't be terrible for the fact that my friend said all his employees will lose their jobs when they shut down. If this is happening to his company it is probably happening to many companies in different industries.

These people voted for Milei and he said he and all his friends regret it now. I would be shocked if Milei does well on October 26.

Your friends have been overcharging Argentine consumers for decades. Gone are many of the protectionalist laws that broke Argentina. It is sad that his employees will lose their jobs. They need to continue to open up the markets and keep prices low for consumers. Your friends couldn't adapt and be competitive and depended on all the crazy laws protecting them and keeping prices high.

 

[ElQueso]

Your friends have been overcharging Argentine consumers for decades. Gone are many of the protectionalist laws that broke Argentina. It is sad that his employees will lose their jobs. They need to continue to open up the markets and keep prices low for consumers. Your friends couldn't adapt and be competitive and depended on all the crazy laws protecting them and keeping prices high.

Agree with you that these companies haven't had to live with competition so I am not sad to see they will go out of business. It IS sad about all of these employees losing their jobs. They need to open up the imports even more and reduce prices. Unfortunately this means more companies will go out of business. But new ones will be created too.

 

[Esposas]

Agree with you that these companies haven't had to live with competition so I am not sad to see they will go out of business. It IS sad about all of these employees losing their jobs. They need to open up the imports even more and reduce prices. Unfortunately this means more companies will go out of business. But new ones will be created too.

I couldn't agree more. They were supposed to open up and make things easier. Although I have been able to get a few packages from Amazon they need to go further to get prices down.