DeepInYourMind
Elder Lister
Their new president rightly identifies politicians as the leading cause of financial distress of the people.
Kenya urgently needs a Javier Milei
Kenya urgently needs a Javier Milei
Argentina gets a Christmas Present
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DeepInYourMind
Elder Lister
Reminds me of when El Salvador's president went with Bitcoin as legal currency, he was criticised by all leading economists and financial experts from the likes of the world bank. Now that Bitcoin has soared and helped El Salvador pay off debts no one is now speaking about it. All the critics are very silent on the matter
mzeiya
Elder Lister
This is from an article written this month. I think he took a gamble and if it pays off eventually, then that will be great for them.
DeepInYourMind
Elder Lister
El Salvador's bonds in mid-August had posted a 70% year-to-date return, with a number of big-name banks recommending that more gains were coming. The country's debt earlier this month was upgraded at S&P Global to B- from CCC+. Bukele recently announced his intention to run for re-election in 2024 and polls show him with an overwhelming lead.
They still don't have full adoption, but the outlook is not bad
DeepInYourMind
Elder Lister
Sounds made up. Are there any sources really? A bit of googling and it all sounds like hearsay. I'm sure the likes of CNN would have jumped onto it if true
Denis Young
Elder Lister
But, but, he is blaming the previous regime? Also, kuna maandamano on the streets.
Denis Young
Elder Lister
This is what make me laugh sometimes. Everybody wants change, but expect that change to be painless. Huku watu wanasema they want government to establish austerity measures/cut government spending without even an idea what that means.
mzeiya
Elder Lister
Yes he did while visiting Israel. And already some Jewish fundamentals are considering it.
Argentinian President calls for destruction of Al-Aqsa Mosque - Jordan News | Latest News from Jordan, MENA
Israeli media has reported that Argentinian President Javier Milei has called for the destruction of Al-Aqsa Mosque, the third holiest site in Islam, "in order to bring the Messiah."
Did Argentina's president call for Al-Aqsa's destruction?
Pro-Palestine social media users have accused Argentina's President Milei of calling for the destruction of Al-Aqsa Mosque. The New Arab looks into the claims.
bigDog
Elder Lister
He is a nutcase! You cannot privatize the profit without privatizing ALL of the government! Libertarians are morons that believe that the private sector can replace the government. It can't work because people are greedy!
DeepInYourMind
Elder Lister
Exactly about what I said about hearsay sources but no original sources. The second article openly says there's no proof. This is football transfer rumour news level. Fake news is easy on the internetYes he did while visiting Israel. And already some Jewish fundamentals are considering it.
Argentinian President calls for destruction of Al-Aqsa Mosque - Jordan News | Latest News from Jordan, MENA
Israeli media has reported that Argentinian President Javier Milei has called for the destruction of Al-Aqsa Mosque, the third holiest site in Islam, "in order to bring the Messiah."www.jordannews.jo
Did Argentina's president call for Al-Aqsa's destruction?
Pro-Palestine social media users have accused Argentina's President Milei of calling for the destruction of Al-Aqsa Mosque. The New Arab looks into the claims.www.newarab.com
DeepInYourMind
Elder Lister
That's why a bloated govt is a bad idea. It will be filled by greedy people who'll us their power to steal national resources leaving majority of the population in distress. Kenyans are in distress now because a few politicians got the country into debt and stole most of it. What came out of the 2014 Eurobond for example? And SGR? A private company could have had the railway completed upto the Ugandan border under budget and it would now be paying for itself.
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bigDog
Elder Lister
Privatizing the government would give us a dysfunctional Western system where we have the extremely rich that own the system and peasants who toil for the privilege of breathing. I favor a must have governmentsize with a lot of social protection. I also believe in a well planned and regulated economic system. A good example of such a system is China. China has produced the most spectacular economic growth in human history! No economic/social/political system in human history has lifted so many people out of poverty. We should copy China!
DeepInYourMind
Elder Lister
Guess what. China has an unplanned free market economy. The market is deregulated, they learnt this the hard way after facing economic ruin long ago, but the politics is centrally controlled with an iron fist (this also shows its cracks re. apple workers during covid lockdowns).
So far, from what I can tell, nations that can achieve a reasonably high degree of social protection are a homogeneous people, not made up of multiple tribes. And also seem to have some form of valuable natural resource in abundance that offsets the cost of govt subsidies.
Likewise, traditional African way of life resembled socialism at the clan level. But even within the same tribes, clans had conflicts with each other. Now, take a typical sub-saharan nation made up of so many tribes. No wonder they have struggled in forming a national identity and tribalism features a lot in politics, naturally leading to extreme corruption and theft.
The answer, limited govt and cooperation based on self interest, which ironically leads to lower levels of poverty. That is how the free market works.
bigDog
Elder Lister
I meant to say that the Chinese model allows alot of government influence and centralized planning. Take an example of China Communications Construction Company, Ltd. (CCCC) is a majority state owned but a global conglomerate. The Chinese government has a lot of say on what this company does anywhere it goes. It's executives have to understand what CCP is thinking and what it's objectives are.
I don't agree that we have to be from the same tribes or families to share common values. I firmly believe in meritocracy. Let's train our best people to run our institutions. I don't believe that a form 2 dropout should be allowed to run a whole ministry! I don't believe thar a violent, noisy brat should be allowed to run a police department.
We should have minimum training for those intending to run our public affairs! We are lacking seriousness!