Message from @The Big Oof
Discord ID: 489213275645542411
@The Big Oof are we reading the same article?
https://ibb.co/jM0v0U
You can also include his excessive bureaucratization of labor, the creation of the central bank, which opened the gates for future governments to just print out money as they pleased, and therefore the roller coaster that has become Argentine inflation ever since
Chile sounds nice.
Now let's compare it to this
https://ibb.co/goxm79
Here's the other bit I couldn't cover https://ibb.co/m8dnEp
@Pino Sinatra
I love how you send a graph that shows Chile's average incoming falling far, far below the Latin American average *under the Pinochet regime*, and then tout around the accomplishments of governments after him as his work.
You also are being a little short sighted here
one minute
While wages fell and the economy entered a period of instability, wages began growing after 1952 and had reached higher values than what they previously were @Pino Sinatra
Compare this to pinochet
Who
For some reason, is touted around as a success
implemented policies of currency stabilization that left 45% of his country poor, and, with the graph you just showed, oversaw two recessions and an overall loss in income @Pino Sinatra
idk maybe it has something to do with lowering the inflation over 400%
Vietnam does the same thing, and it works for them
Hold on, I think you misread that
I misread that as raising inflation, not lowering it
Sometimes inflation is intentionally raised to increase employment
You should aim to keep the value of your currency respectable, but it shouldn't be your only concern, which was the mistake Pinochet made, a mistake that left millions of people poor
45% of the country
He was a terrible leader
Peron made some mistakes, but overall, he did way more good than bad
Yes, the economy entered a period of instability, but he took actions to correct those mistakes and they worked
One of his biggest mistakes is that he was an isolationist, believing a third world war was on the horizon
At the time it made sense
Looking back now, it was kind of stupid
(Peron)
I insist founding the central bank was the worst thing to do
It did seem likely, though, this was in the cold war
Videla tried the same thing as Pinochet, and nobody argues against the statement "Videla was shit"
maybe because Argentina has never got back from that poor situation afterwards
I mean...
It's average income is about the same as Chile's, though 2,000 dollars might be worth more in Latin America
Argentina had to go through 2 military juntas
I don't know anything about the first one other than they were unpopular because they tried to erase Peron from the picture
The second one, led by Videla, was fucking terrible
You mean Alberto Teissaire?
He was the vice president, right?
No
yes,he was