31–40 of 184 posts
>And Argentinians, thank you and best of luck. Just please let’s do better lunches than milanesa con papas next time, deal? Milanesas are a godsend tbh though
(search for images about 'self service brasil' for instance)
Peso lost value hundredfold in a decade. Go figure.
The whole country has left a disorganized feel back then, so when we hopped the border over to Chile we felt we're having a vacation in a vacation.
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Argentina has been like this for a very long time. I studied abroad there in 2019 and it was exactly the same. I believe one of the reasons Brian Armstrong started Coinbase was because he saw how devastating inflation was to Argentina’s economy. Argentina was at one point a top 20 country in the world wealth wise and has obviously gone very down hill. It’s too bad, a lot of talented tech workers there.
Constant GDP per capita is up ~50% from 1960: https://fred.stlouisfed.org/series/NYGDPPCAPKDARG
The GDP of the rest of the world went up a lot more than that [1] - and Argentina never did anything besides have decent weather and a roughly constant amount of fertile land.
It's kind of like a Dutch Disease: https://en.wikipedia.org/wiki/Dutch_disease
It’s the shock doctrine again.
Argentina has been like this for a very long time. I studied abroad there in 2019 and it was exactly the same. I believe one of the reasons Brian Armstrong started Coinbase was because he saw how devastating inflation was to Argentina’s economy. Argentina was at one point a top 20 country in the world wealth wise and has obviously gone very down hill. It’s too bad, a lot of talented tech workers there.
Not sure how Argentinians are supposed to do better using cryptocurrencies.
I submitted a transcript from Javier Milei's address at the 54th annual meeting of the World Economic Forum, which I think explains a bit about what is happening, and what is about to happen, from the eyes of the newly elected president who has pretty strong and "out of the ordinary" opinions and ideas. It got some upvotes, but sadly no discussions at all. Highly relevant when discussing Argentina at the moment thoug…
They elected a freakin' maniac and they're gonna pay a heavy price for that. In Brazil we have a saying "pior que tá não fica", which translates to something like "it cannot get worse than this". Belive me when I say this: it can (and probably will) get worse. It can (and probably will) get SO MUCH worse. We tasted this poison with 4 years of Bolsonaro trying to get away from the establishment. What did we get in ret…
They elected a freakin' maniac and they're gonna pay a heavy price for that. In Brazil we have a saying "pior que tá não fica", which translates to something like "it cannot get worse than this". Belive me when I say this: it can (and probably will) get worse. It can (and probably will) get SO MUCH worse. We tasted this poison with 4 years of Bolsonaro trying to get away from the establishment. What did we get in ret…
We've tested many different ideologies and organisational structures just in the last few hundred years. Currently we have a successful but pretty crappy form of capitalism. Some countries have experimented with Communism, fascism, oligarchy (ism)?), feudalism ect ect. Why not give libertarianism a shot?
Because it's capitalism on steroids? Are you not aware of the world we're living in? Every major forest destroyed, countless species exctinct, climate change reaching point of no return, etc.
We urgently need to slow down, not speed up.