The political establishment’s failure to fix decades of crisis in Argentina explains the tide of popular rage that vaulted the irascible Javier Milei, a self-declared “anarcho-capitalist,” to the presidency.
FILE - Police disperse anti-government protesters with water canons outside Congress, as lawmakers debate a reform bill of austerity measures promoted by Argentine President Javier Milei in Buenos Aires , Argentina , June 12, 2024. Milei scrapped price controls and slashed subsidies, causing prices to skyrocket in a country that already had among the world’s highest inflation rates.
But it also explains the emergence of a unique society that runs on grit, ingenuity and opportunism — perhaps now more than ever as Argentina undergoes its worst economic crisis since its catastrophic foreign-debt default of 2001.30 years after attack on Argentina’s Jewish center, Milei makes promises. But the anguish remains“It’s the famous resilience of Argentines,” said Gustavo González, a sociologist at University of Buenos Aires.
In the last five months, the official unemployment rate jumped two points to 7.7%, a figure that appears far lower than it really is, experts say, because Argentina’s underground economy accounts for some half of its gross domestic product. “We are serving more and more people every night,” said 31-year-old volunteer Pilar Cristiansen. “There are more and more people who cannot afford to buy food.”
From an attic spangled with laundry lines, López and her 21-year-old son Patricio run the only laundromat in their urban slum. By dawn their floor is shaking with the rumble of washing machines as they sort coats and quilts for some dozen neighbors a day. She soon found herself a single mom with two hungry toddlers and realized that selling empanadas wouldn’t cover her bills., where she sells sexual fantasies to subscribers around the world and promotes her bootstraps story to legions of like-minded women. Her monthly income of $6,000 would be unthinkable for any Argentine doctor, lawyer or professor.
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