Socialism just doesn't work

hm1996

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Ya think!?

Quote:State-sponsored aid for civilians has soared in the past 20 years, leaving 22 million Argentinians dependent on some form of government assistance.

In the first quarter of 2022, the national employment rate was 43 percent, according to government figures.

As Paul Harvey used to say, "It takes more people to pull the wagon than can ride on it.", or something very close to that.

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Members of social and trade union organizations protesting on July 20, 2022, in Buenos Aires, in demand of a universal basic income. The impoverished South American country struggles to repay its US$44 billion dollar debt with the International Monetary Fund (IMF) amid rampant inflation and social unrest. (Luis Robayo/AFP via Getty Images)

Americas

Argentina’s Government Collapsing, People Refuse to Work Amid Major Subsidy Cuts

Only 43 percent of adults have a job, as inflation soars above 60 percent

By Autumn Spredemann
July 27, 2022 Updated: July 28, 2022

Protests have erupted in Buenos Aires over the past 90 days and continue to build inside the capital as residents battle with their center-left government over sizeable amendments to social programs.

Cuts to subsidies in the energy sector based on household income already began in June.

Other subsidies, including the country’s notorious welfare program, are also on the chopping block, triggering thousands of angry residents to take to the streets.

State-sponsored aid for civilians has soared in the past 20 years, leaving 22 million Argentinians dependent on some form of government assistance.

In the first quarter of 2022, the national employment rate was 43 percent, according to government figures.

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Argentina’s president Alberto Fernandez is pictured during a meeting in Germany at Elmau Castle, on June 27, 2022. (Markus Schreiber/AFP via Getty Images)

The country’s state funded programs extend to nearly every aspect of the economy, from wages to utilities, education, and health care.

Argentina already spends an estimated 800 million pesos per day—a sum of more than US$6 million—on state benefit programs.

Concurrently, inflation in the South American nation hit 58 percent in May and soared above 60 percent in July. By comparison, national inflation was just over 14 percent in 2015.

Harry Lorenzo, chief finance officer of Income Based Research, told The Epoch Times the spending habits of Argentina’s government are at the root of the escalating problem.

“The Argentine government has been grappling with a collapsing economy for some time now. The main reason for this is the government’s unsustainable spending, which has been funded in part by generous welfare programs,” Lorenzo explained.
Deeper Into Economic Chaos

Cries for more state money, freedom from the International Monetary Fund (IMF), and for President Alberto Fernandez to step down echoed within the angry crowds gathered near the president’s office—Casa Rosada —during the nation’s independence day celebration on July 9.

Since then, scheduled demonstrations have continued, led by professional protest organizers or “piqueteros” demanding the abolition of the proposed subsidy cuts and a wage increase.

“This is madness. What the piqueteros are asking for is madness,” Alvaro Gomez told The Epoch Times.

Gomez has lived and worked in Buenos Aires for more than 15 years and currently is a taxi driver. As the years have passed, he’s watched his country dive deeper into economic chaos.

“I’ve seen five presidents come and go in that time; nothing has improved. Half of our country doesn’t want a job, and the ones that do, don’t want to pay the taxes for the others,” he said.
Epoch Times Photo
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Current vice president Cristina Fernandez de Kirchner speaks during a news conference in Buenos Aires, Dec. 7, 2017. (Reuters/Marcos Brindicci)

Argentina’s minister of the economy and close ally of Fernandez, Martin Guzman, resigned from office on July 2 amid complaints that internal conflicts prevented him from doing his job.

Guzman was the driving force behind a critical new IMF deal. He also reportedly clashed with the current vice president and former two-term president Cristina Fernandez de Kirchner over the handling of Argentina’s spiraling economic crisis.

Kirchner is a vehement subsidy supporter and has previously denounced Argentina’s dependence on the IMF.

In summary, half of the ruling coalition wants more foreign bailouts as a solution to bankrupted coffers and inflation.

The other half wants to maintain the existing social programs and be independent of foreign aid while raising taxes on an increasingly impoverished population.

Presently, some parts of Argentina have more than 40 percent of its population living below the poverty line.
Low Investor Confidence

Kirchner called the sudden resignation of Guzman “an immense act of political irresponsibility” during a press conference in the province of Santa Cruz.

Fernandez quickly appointed Silvina Batakis on July 3 to fill the gap in the pivotal office.

Wasting no time, Batakis met with IMF managing director Kristalina Georgieva on July 25 to discuss a potential new deal for the country’s outstanding $44 billion debt.

Robert Donnelly, the finance manager at Marketplace Fairness, told The Epoch Times that Argentina’s reliance on foreign bailouts isn’t a solution but more of a short-term economic pressure valve release.

“While this has been somewhat successful, it has not solved the underlying problem,” Donnelly said.

He explained that Fernandez’s administration could do several things to alleviate the country’s dependence on outside loans, like increasing exports and attracting more foreign investment.

Though with the collapse of the peso, high inflation, and no clear strategy for a path forward from the government, outside investor confidence remains very low.


International Monetary Fund logo
The International Monetary Fund logo outside the headquarters building during the IMF/World Bank spring meeting in Washington on April 20, 2018. (Yuri Gripas/Reuters)

Lorenzo maintains reeling in government spending is paramount. “This would involve scaling back the welfare programs, which have been a major contributor to the country’s debt.”

However, for the 1.2 million members dependent on the social program Empower Work, which is an income subsidy that provides a living wage for an indefinite period of time, working a regular job is out of the question.

“The government expects us to work from 8 a.m. to 5 p.m. for the same amount of money,” an outraged female Buenos Aires resident and piquetero lamented to reporters during a live news broadcast.

When asked where how she’d been earning income for her household, the woman replied, “the government.”
Anger at Having to Work

Another protester, an adult male, also decried the proposed welfare program changes telling local reporters, “Cristina [Kirchner] told us we have to go to work instead of receiving social benefits. Going to work, that’s the policy of a right winger.”

Protesters continue to ask for more subsidy money or for Fernandez to step down from office.

Meanwhile, the embattled head of state called for unity in the economically devastated nation during the 206th anniversary of the country’s independence. In the same speech, Fernandez lashed out at groups who were attacking the government and wanted to “keep all the income.”

Regarding the nation’s deepening economic crisis and resultant instability, Fernandez said, “Unity is always the fruit of the willingness of those involved to consolidate it.

“History teaches us that it’s a value that we must preserve in the most difficult moments.”
https://www.theepochtimes.com/argentinas-government-collapsing-people-refuse-to-work-amid-major-subsidy-cuts_4625861.html?utm_source=Morningbrief&utm_campaign=mb-2022-07-29&utm_medium=email&est=VYR8tXFh9LQ2T3l9%2BAX2ABlpv3ZBhgsBzWY6XOvDGcFjkEXLS3TvK6De
 
No. Socialism is designed to consolidate all the power and controls into the hands of a few. Generally into the hands of a minority of thugs.





 
Another fact about socialism/communism is that it is an ideology that is satanic in nature as marx and engles communist manifesto was dedicated to lucifer as well as saul alinsky's rules for radicles.


That is one prime reason marxists are at war with and absolutely hate followers of Christ and Christians.

 
Thanks for reviving this video! Little did I realize when I heard this (original) Paul Harvey broadcast the accuracy of his predictions.

Regards,
hm
 
"Another fact about socialism/communism is that it is an ideology that is satanic in nature as marx and engles communist manifesto was dedicated to lucifer as well as saul alinsky's rules for radicles."

"That is one prime reason marxists are at war with and absolutely hate followers of Christ and Christians."



Indisputable evidence of this being true is the Satanic speech given last week by Biden.
 
Also why the dems have opened the jail house doors and the border. Not caring that the border is drugs,child prostitution,human trafficking and disease. Thank you democrats you are successfully moving America closer to 3rd world status.
 
I read that 7 million had entered the US in just the last while.
I don't blame the people for coming when they get in free with all the benefits.
The working people of this country that pay tax can not support all this. That is part of the plan I am afraid.
 
Originally Posted By: tnshootistI read that 7 million had entered the US in just the last while.
I don't blame the people for coming when they get in free with all the benefits.
The working people of this country that pay tax can not support all this. That is part of the plan I am afraid.

Nailed it, JJ!

And the illegals are getting more aggressive the longer this administration encourages them. According to Fox News' Bill Melugin on 12 Sept., a group of approximately 200 crossed a chain link fence (installed by the state of Texas)
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and hung this Venezuelan flag on the fence.
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And the day after this event, our illustrious Border Czar made the following statement on national TV.
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How long are the American people, who are forced to pay the bill for this incursion, going to put up with this dereliction of duty? Hopefully they will be motivated to get out and vote in November!

Regards,
hm
 
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