Javier Milei is destroying Argentina's economy, making it a resource colony for foreign oligarchs


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Feb 18 2025 58 mins   121 2 0
Argentina's President Javier Milei, a self-declared libertarian and "anarcho-capitalist", is promoting crypto scams and overseeing rapid deindustrialization. Manufacturing and construction are collapsing, while the financial sector, mining, and agriculture grow. Donald Trump and Elon Musk praise Milei, as the majority of Argentines live in poverty. The real economy is in crisis, but rich foreign investors rejoice as the stock market booms. Ben Norton explains how Argentina is being turned into a resource colony.

VIDEO with charts here: https://www.youtube.com/watch?v=i3qgYZMYkj0

Topics

0:00 Who is Javier Milei?

0:40 Elon Musk & Donald Trump

1:08 Crypto pump & dump scheme

2:34 Trump & Melania meme coins

3:18 Economic destruction

5:06 BRICS

5:47 Israel

6:27 CIA

6:48 Spanish colonialism

7:11 Ukraine

7:48 Stock market

10:06 Poverty

11:27 12-hour work day

12:46 72% are worse off

13:39 Income distribution

14:38 Extreme austerity

15:28 Government spending

16:47 Colonialism

17:11 Brain drain

18:39 No toilet paper

19:22 Social spending cuts

20:43 Bicicleta financiera scheme

23:04 Cost of living

23:55 Job loss

24:50 Construction collapses

25:17 Housing costs

26:05 Taunting the poor & hungry

28:45 Luis Caputo

31:36 Billionaire sponsors

32:04 Bondholders

32:30 Inflation & debt

39:48 Manufacturing collapses

47:07 Deindustrialization

49:18 Neoliberalism

50:39 Stock index composition

52:09 Privatization

54:13 Plantation economy

56:39 Gold in London

57:56 Financial colonialism

58:19 Outro