Fuck austerity. It doesn’t work and the IMF should fucking stop pushing for it.
(it only works to fuck up countries)
Yet Argentina had destroyed their economy for 25 years because they won’t act responsible and institute policies of austerity. This just keeps happening to them.
Other countries in the same bed that have ignored austerity policy, Venezuela, Zimbabwe, Sudan…
So ya it is actually a necessity unless your fine with triple digit inflation year after year.
Feature, not bug.
When has austerity ever worked?
It’s working exactly as it is designed to. Funneling money from the poor to the rich.
It has worked pretty good at increasing the power of the wealthy.
That was after the Argentine Peso lost 20% of it’s value in a single day to appease the IMF (according to the official exchange rate). Unless wages increase by more than 20%, then they’re not really increasing, just keeping up with inflation.
