Argentina's new president just privatised EVERYTHING

[Warlord]

Lots of deregulation and privatisation he has just decreed:

----------------------

President Javier Milei decrees the deregulation of the economy: The 30 main measures.

1. Repeal of the Rental Law.
2. Repeal of the Supply Law.
3. Repeal of the Gondola Law.
4. Repeal of the National Purchase Law.
5. Repeal of the Price Observatory.
6. Repeal of the Industrial Promotion Law.
7. Repeal of the Trade Promotion Law.
8. Repeal of the regulations that prevent the privatization of public companies.
9. Repeal of the State companies regime.
10. Transformation of all State companies into public limited companies for subsequent privatization.
11. Modernization of the labor regime.
12. Reform of the Customs Code.
13. Repeal of the Land Law.
14. Modification of the Fire Management Law.
15. Repeal of the obligations that sugar mills have regarding sugar production.
16. Liberation of the legal regime applicable to the wine sector.
17. Repeal of the national mining trade system and the Mining Information Bank.
18. Authorization for the transfer of the total or partial share package of Aerolíneas Argentinas.
19. Implementation of the open skies policy.
20. Modification of the Civil and Commercial Code to reinforce the principle of contractual freedom between the parties.
21. Modification of the Civil and Commercial Code to guarantee that obligations contracted in foreign currency must be paid in the agreed currency.
22. Modification to the regulatory framework of prepaid medicine and social works.
23. Elimination of price restrictions on the prepaid industry.
24. Incorporation of prepaid medicine companies into the social work regime.
25. Establishment of the electronic prescription.
26. Modifications to the regime of pharmaceutical companies.
27. Modification of the Companies Law so that football clubs can become public limited companies (if they so wish).
28. Deregulation of satellite internet services.
29. Deregulation of the tourism sector by eliminating the monopoly of tourism agencies.
30. Incorporation of digital tools for automotive registration procedures.

[The Angry Capitalist]

Didn't realise Argentina went down that full commy style road.

No wonder it was/is a hell hole.

This should be a good start towards reversing that road to serfdom.

[Warlord]

26 minutes ago, The Angry Capitalist said:

Didn't realise Argentina went down that full commy style road.

No wonder it was/is a hell hole.

This should be a good start towards reversing that road to serfdom.

Not to dissimilar to our "system" we badly need this antidote or mass deregulation 

[hurlerontheditch]

I assume he has to actually get it through parliament.

[regprentice]

38 minutes ago, hurlerontheditch said:

I assume he has to actually get it through parliament.

No. 

He can pass an emergency decree as president. Ironically these are powers the previous Peronist government granted themselves while in power to pass laws unencumbered that he is now using 

For example he successfully passed an emergency decree for the energy sector 2 days ago https://www.trsym.com/argentina-declares-emergency-in-energy-sector/?lang=en

[hurlerontheditch]

1 hour ago, regprentice said:

No. 

He can pass an emergency decree as president. Ironically these are powers the previous Peronist government granted themselves while in power to pass laws unencumbered that he is now using 

For example he successfully passed an emergency decree for the energy sector 2 days ago https://www.trsym.com/argentina-declares-emergency-in-energy-sector/?lang=en

would seem like he does need the houses to approve:

 

In order for the measures to take effect, they must be published in the government gazette and then assessed by a joint committee of lawmakers from both chambers of the legislature. 

Constitutional law expert Emiliano Vitaliani told AFP that they could only be overturned if rejected by both the lower House and the Senate.

Milei's far-right Libertad Avanza party only has 40 seats in the 257-member lower house and seven senators out of 72.

 

 

https://www.france24.com/en/americas/20231221-argentina-s-milei-announces-sweeping-decree-to-deregulate-economy

[msi]

Argentina's new president just privatised sold to his mates EVERYTHING

 

FreEdOm!  

 

...and if all else fails, can claims Las Mavinas

[nero120]

2 minutes ago, msi said:

Argentina's new president just privatised sold to his mates EVERYTHING

 

FreEdOm!  

 

...and if all else fails, can claims Las Mavinas

It takes a special kind of **tard to defend Argentinian socialism. Congrats!

[msi]

6 minutes ago, nero120 said:

It takes a special kind of **tard to defend Argentinian socialism. Congrats!

It takes a special kind of d*ckh*ad to mis read what I said to suit their own m*ronic agenda.

 

Where did I 'defend' ' Argentinian Socialism'?

Can you define Socialism....is it in the room right now?

[Data Dave]

I hope what ever they do works for them, it’s sad to see people suffer

[steve99]

17 hours ago, Warlord said:

Lots of deregulation and privatisation he has just decreed:

----------------------

President Javier Milei decrees the deregulation of the economy: The 30 main measures.

1. Repeal of the Rental Law.
2. Repeal of the Supply Law.
3. Repeal of the Gondola Law.
4. Repeal of the National Purchase Law.
5. Repeal of the Price Observatory.
6. Repeal of the Industrial Promotion Law.
7. Repeal of the Trade Promotion Law.
8. Repeal of the regulations that prevent the privatization of public companies.
9. Repeal of the State companies regime.
10. Transformation of all State companies into public limited companies for subsequent privatization.
11. Modernization of the labor regime.
12. Reform of the Customs Code.
13. Repeal of the Land Law.
14. Modification of the Fire Management Law.
15. Repeal of the obligations that sugar mills have regarding sugar production.
16. Liberation of the legal regime applicable to the wine sector.
17. Repeal of the national mining trade system and the Mining Information Bank.
18. Authorization for the transfer of the total or partial share package of Aerolíneas Argentinas.
19. Implementation of the open skies policy.
20. Modification of the Civil and Commercial Code to reinforce the principle of contractual freedom between the parties.
21. Modification of the Civil and Commercial Code to guarantee that obligations contracted in foreign currency must be paid in the agreed currency.
22. Modification to the regulatory framework of prepaid medicine and social works.
23. Elimination of price restrictions on the prepaid industry.
24. Incorporation of prepaid medicine companies into the social work regime.
25. Establishment of the electronic prescription.
26. Modifications to the regime of pharmaceutical companies.
27. Modification of the Companies Law so that football clubs can become public limited companies (if they so wish).
28. Deregulation of satellite internet services.
29. Deregulation of the tourism sector by eliminating the monopoly of tourism agencies.
30. Incorporation of digital tools for automotive registration procedures.

10. Transformation of all State companies into public limited companies for subsequent privatization.

Starting to look like the oligarchising of Russia. Everything will end up in a handful of cronies pockets.

[Maghull Mike]

12 hours ago, msi said:

Argentina's new president just privatised sold to his mates EVERYTHING

 

FreEdOm!  

 

...and if all else fails, can claims Las Mavinas

https://nitter.net/upholdreality/status/1737690617168179363#m

[MonsieurCopperCrutch]

And the most important of all… contracts can now be settled in bitcoin. Thus legalising its use across private and public sectors. 👏👏👏👏

[Johnno1167]

On 12/21/2023 at 6:13 AM, Warlord said:

Not to dissimilar to our "system" we badly need this antidote or mass deregulation 

Last time I looked, most stuff here privatised and deregulated already . Utilities. Transportation. Most the care sector etc… And all that is going just great isn’t it . Our rivers are bountiful of wildlife and transportation integrated and cost effective .
Rental sector, well that was deregulated completely and look at that now . Great outcome for tenants eh !

Next things , why not fully privatise NATS and run air traffic control for profit.. yeh !
 

police ? Let’s have private militias , just to complement the private prisons run by G4s and others that have been just a resounding success to help reoffending rates.. awesome . Another bonus !

privatisation / deregulation can be different than reform. 

[Bear Goggles]

On 21/12/2023 at 14:24, Data Dave said:

I hope what ever they do works for them, it’s sad to see people suffer

Spoiler: It won't work. People will suffer.

[Bear Goggles]

15 hours ago, steve99 said:

10. Transformation of all State companies into public limited companies for subsequent privatization.

Starting to look like the oligarchising of Russia. Everything will end up in a handful of cronies pockets.

Yep. This is the most likely outcome. Rich and powerful cronies will monopolise everything and a new oligarch class will reign supreme. As you say, the most recent historical precedent for this kind of fire-sale of state assets is Russia in the 90s. If you thought big-government was bad, wait until you experience mafia-oligopoly.

[Bear Goggles]

11 hours ago, MonsieurCopperCrutch said:

And the most important of all… contracts can now be settled in bitcoin. Thus legalising its use across private and public sectors. 👏👏👏👏

What could possibly go wrong?

[Bear Goggles]

6 hours ago, Johnno1167 said:

Last time I looked, most stuff here privatised and deregulated already . Utilities. Transportation. Most the care sector etc… And all that is going just great isn’t it . Our rivers are bountiful of wildlife and transportation integrated and cost effective .
Rental sector, well that was deregulated completely and look at that now . Great outcome for tenants eh !

Next things , why not fully privatise NATS and run air traffic control for profit.. yeh !
 

police ? Let’s have private militias , just to complement the private prisons run by G4s and others that have been just a resounding success to help reoffending rates.. awesome . Another bonus !

privatisation / deregulation can be different than reform. 

It's going to be grimly fascinating watching it play out. I feel sorry for the people of Argentina, but they've had it so bad for so long I guess they are just desperate to try anything. 

As for the people cheering this on because it promises to realise their fantasy of a libertarian utopia, I expect them to follow the same mental journey of the revolutionary communists before them. As it all collapses into horrific chaos, followed by some form of brutal authoritarianism, they'll tell you that "real deregulation/ libertarianism" has never been tried, and that it was all ruined by the dark forces of the deep state.

[Staffsknot]

56 minutes ago, Bear Goggles said:

It's going to be grimly fascinating watching it play out. I feel sorry for the people of Argentina, but they've had it so bad for so long I guess they are just desperate to try anything. 

As for the people cheering this on because it promises to realise their fantasy of a libertarian utopia, I expect them to follow the same mental journey of the revolutionary communists before them. As it all collapses into horrific chaos, followed by some form of brutal authoritarianism, they'll tell you that "real deregulation/ libertarianism" has never been tried, and that it was all ruined by the dark forces of the deep state.

This is a spot on post.

 

[A.steve]

3 hours ago, Bear Goggles said:

It's going to be grimly fascinating watching it play out. I feel sorry for the people of Argentina, but they've had it so bad for so long I guess they are just desperate to try anything. 

As for the people cheering this on because it promises to realise their fantasy of a libertarian utopia, I expect them to follow the same mental journey of the revolutionary communists before them. As it all collapses into horrific chaos, followed by some form of brutal authoritarianism, they'll tell you that "real deregulation/ libertarianism" has never been tried, and that it was all ruined by the dark forces of the deep state.

Argentina - as a place - looks as if it has an appealing Geography... and I understand there are abundant natural resources.

Thinking back to 1982, I still don't understand why hostilities erupted as they did.  I understand that there had been contentious political association between the West and politicians in Chile... including the 'Chicago boys' instigating economic shock-therapy... but I wasn't aware of anything similar with Argentina.  I don't understand the Argentine political landscape... I've seen video footage of Milei that makes him look unhinged... it's not obvious to me who or what is driving policy in Argentina.

Edited December 22, 2023 by A.steve

[Trampa501]

3 hours ago, Bear Goggles said:

It's going to be grimly fascinating watching it play out. I feel sorry for the people of Argentina, but they've had it so bad for so long I guess they are just desperate to try anything. 

As for the people cheering this on because it promises to realise their fantasy of a libertarian utopia, I expect them to follow the same mental journey of the revolutionary communists before them. As it all collapses into horrific chaos, followed by some form of brutal authoritarianism, they'll tell you that "real deregulation/ libertarianism" has never been tried, and that it was all ruined by the dark forces of the deep state.

I agree with Staffs, this is an excellent post.

[Bear Goggles]

21 minutes ago, A.steve said:

Argentina - as a place - looks as if it has an appealing Geography... and I understand there are abundant natural resources.

Thinking back to 1982, I still don't understand why hostilities erupted as they did.  I understand that there had been contentious political association between the West and politicians in Chile... including the 'Chicago boys' instigating economic shock-therapy... but I wasn't aware of anything similar with Argentina.  I don't understand the Argentine political landscape... I've seen video footage of Milei that makes him look unhinged... it's not obvious to me who or what is driving policy in Argentina.

Apparently at the beginning of the 20th century Argentina was the second richest country in the world after the USA. They absolutely have the geography and natural resources to be a wealthy country again. I'm also not sure what happened, but I think the short answer is poor governance and corruption over a very long period of time.

This is why I get so angry about the corruption in our current Conservative government. Because over time corruption sinks countries. It doesn't matter how much natural wealth you have, how much skill, ingenuity, history or culture, corruption drains it all away and it's very difficult to recover from. How is Argentina going to pull out of its seemingly perpetual decline? I have no idea, all I know is that there are no easy answers. 

[donadoni]

These guys went from one extreme to another. From pain to pain.

Why not just vote for sensible leaders?

[A.steve]

2 hours ago, Bear Goggles said:

Apparently at the beginning of the 20th century Argentina was the second richest country in the world after the USA. They absolutely have the geography and natural resources to be a wealthy country again. I'm also not sure what happened, but I think the short answer is poor governance and corruption over a very long period of time.

This is why I get so angry about the corruption in our current Conservative government. Because over time corruption sinks countries. It doesn't matter how much natural wealth you have, how much skill, ingenuity, history or culture, corruption drains it all away and it's very difficult to recover from. How is Argentina going to pull out of its seemingly perpetual decline? I have no idea, all I know is that there are no easy answers. 

I also read that about Argentina having wealth a century ago.

I don't want to try to excuse corruption - it has no redeeming features.  However, I don't think the rules of 'the game' are well defined... and that the significance of this becomes more pronounced the closer one gets to established authority.  One has to wonder why economies seem to thrive despite corruption in some circumstances - yet spectacularly fail in others.  My own thoughts are that there must be some more fundamental influence at play.  I don't think it is differing predispositions towards corruption.... rather, I think, it is more to do with how people respond.

With 'corruption' - do we refer to criminal acts - or... in the context of people who hold considerable sway over what laws exist... must we try to define what behaviours we consider unethical instead?  The greatest iniquities are those that are accepted as normal.

[Biggus]

11 hours ago, donadoni said:

These guys went from one extreme to another. From pain to pain.

Why not just vote for sensible leaders?

To me a balanced budget seems sensible. So doing what is necessary to balance the budget is also sensible.