Contrasting signals are coming from the Latin American continent.
Uruguay goes to the polls in an orderly fashion and elects Yamandú Orsi,
President of the Republic, on November 24 with 49.8% of the votes,
beating the right-wing candidate Alvaro Delgado. It should be noted that
voting in Uruguay is compulsory and participation was, as usual, very
high: 89.4%. Orsi was Governor of the Department of Canelones, 500
thousand inhabitants: a miniature Uruguay, with factories, agriculture
and livestock. ---- The elected president comes from the Movimiento de
Participación Popular, of the former president Pepe Mujica, and is
considered a pragmatist, a negotiator. The son of a farm worker and a
seamstress, he has an Italian surname and a charrúa name, the
pre-Hispanic indigenous culture of today's Uruguay. He was a history
teacher in the schools of his Department, which is located in the
interior of the country: he is the first President not to have been born
in the capital. With this biography and his political history he managed
to convince the majority of his fellow citizens, but not to bridge the
gap between the capital and the interior areas, since his opponent won
in Montevideo and the neighboring Departments. The new President will
take office on March 1, 2025 and will have to commit to fighting drug
trafficking and relaunching a stagnant economy, with a GDP growth of
just 1%, but prices constantly rising. Inflation sows inequality and
poverty. He will be able to count on control of the Senate, while for
the two gaps that are necessary for the control of the Chamber of
Deputies he will have to resort to his negotiating skills. The new
President finds himself operating in a climate that is completely
different from that of Bolsonaro's Brazil and Milei's Argentina,
especially since the opposition has assured him of its support, in
exchange for the promise to govern in the name of the interests of all
Uruguayans.
At the same time, in nearby Buenos Aires, Milei's destructuring of the
State is raging. According to estimates by the International Monetary
Fund in 2024, the Argentine economy is approaching a 230% reduction
(133.5% in 2022 when Milei was elected), while GDP is falling by at
least 3.5%. But the President enjoys good friends in the environment, so
the disastrous result is tempered by a growth forecast of 5% for next
year. More realistically, next year there is talk of a drop in inflation
to 62.7% (an optimistic forecast), despite the miracles promised by the
President, but it is difficult to calculate what the effects of the
endogenous dollarization of the Argentine economy will be.
According to the IMF, the country's economy will benefit from a relative
economic stabilization following the dismantling of the State and its
bureaucratic apparatus, but the price of the ultra-liberal policy
adopted by the President has heavy repercussions on the weakest sections
of the population. The social costs of Milei's economic policy in the
past year aim at a minimal presence of the State, inspired by the
economic policies of Murray Rothbard and the liberal ones of Nobel Prize
winner Milton Friedman.
Meanwhile, the social situation has worsened significantly and poverty
has increased. The drastic cuts in public spending on health, education
and infrastructure not only make the social situation more serious, but
also risk compromising the medium-term growth prospects of the country's
economy. Milei continues to promise that the numerous market-friendly
reforms he has introduced, the privatizations and deregulations will be
able to stimulate productive investments and favor the recovery of
economic activity.
Milei intends to make the sacrifices imposed allow Argentina to close
the public budget with a primary surplus in 2024, calculating the
balance excluding the payment of interest on the debt. Between the two
Presidents, the Italian government favors the Argentine one, to whom it
recognizes Italian citizenship as the grandson of immigrants. Our hope
is that the government will limit itself to letting the Prime Minister
dance - as is said during her visit to the Casa Rosada, amid general
indifference - a passionate tango, with her Argentine companion,
including the casquet.
https://www.ucadi.org/2025/01/02/cosa-ce-di-nuovo-bagliori-latino-americani/
_________________________________________
A - I N F O S N E W S S E R V I C E
By, For, and About Anarchists
Send news reports to A-infos-en mailing list
A-infos-en@ainfos.ca
Uruguay goes to the polls in an orderly fashion and elects Yamandú Orsi,
President of the Republic, on November 24 with 49.8% of the votes,
beating the right-wing candidate Alvaro Delgado. It should be noted that
voting in Uruguay is compulsory and participation was, as usual, very
high: 89.4%. Orsi was Governor of the Department of Canelones, 500
thousand inhabitants: a miniature Uruguay, with factories, agriculture
and livestock. ---- The elected president comes from the Movimiento de
Participación Popular, of the former president Pepe Mujica, and is
considered a pragmatist, a negotiator. The son of a farm worker and a
seamstress, he has an Italian surname and a charrúa name, the
pre-Hispanic indigenous culture of today's Uruguay. He was a history
teacher in the schools of his Department, which is located in the
interior of the country: he is the first President not to have been born
in the capital. With this biography and his political history he managed
to convince the majority of his fellow citizens, but not to bridge the
gap between the capital and the interior areas, since his opponent won
in Montevideo and the neighboring Departments. The new President will
take office on March 1, 2025 and will have to commit to fighting drug
trafficking and relaunching a stagnant economy, with a GDP growth of
just 1%, but prices constantly rising. Inflation sows inequality and
poverty. He will be able to count on control of the Senate, while for
the two gaps that are necessary for the control of the Chamber of
Deputies he will have to resort to his negotiating skills. The new
President finds himself operating in a climate that is completely
different from that of Bolsonaro's Brazil and Milei's Argentina,
especially since the opposition has assured him of its support, in
exchange for the promise to govern in the name of the interests of all
Uruguayans.
At the same time, in nearby Buenos Aires, Milei's destructuring of the
State is raging. According to estimates by the International Monetary
Fund in 2024, the Argentine economy is approaching a 230% reduction
(133.5% in 2022 when Milei was elected), while GDP is falling by at
least 3.5%. But the President enjoys good friends in the environment, so
the disastrous result is tempered by a growth forecast of 5% for next
year. More realistically, next year there is talk of a drop in inflation
to 62.7% (an optimistic forecast), despite the miracles promised by the
President, but it is difficult to calculate what the effects of the
endogenous dollarization of the Argentine economy will be.
According to the IMF, the country's economy will benefit from a relative
economic stabilization following the dismantling of the State and its
bureaucratic apparatus, but the price of the ultra-liberal policy
adopted by the President has heavy repercussions on the weakest sections
of the population. The social costs of Milei's economic policy in the
past year aim at a minimal presence of the State, inspired by the
economic policies of Murray Rothbard and the liberal ones of Nobel Prize
winner Milton Friedman.
Meanwhile, the social situation has worsened significantly and poverty
has increased. The drastic cuts in public spending on health, education
and infrastructure not only make the social situation more serious, but
also risk compromising the medium-term growth prospects of the country's
economy. Milei continues to promise that the numerous market-friendly
reforms he has introduced, the privatizations and deregulations will be
able to stimulate productive investments and favor the recovery of
economic activity.
Milei intends to make the sacrifices imposed allow Argentina to close
the public budget with a primary surplus in 2024, calculating the
balance excluding the payment of interest on the debt. Between the two
Presidents, the Italian government favors the Argentine one, to whom it
recognizes Italian citizenship as the grandson of immigrants. Our hope
is that the government will limit itself to letting the Prime Minister
dance - as is said during her visit to the Casa Rosada, amid general
indifference - a passionate tango, with her Argentine companion,
including the casquet.
https://www.ucadi.org/2025/01/02/cosa-ce-di-nuovo-bagliori-latino-americani/
_________________________________________
A - I N F O S N E W S S E R V I C E
By, For, and About Anarchists
Send news reports to A-infos-en mailing list
A-infos-en@ainfos.ca
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