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

EPISODE · Feb 19, 2025 · 58 MIN

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

from Geopolitical Economy Report · host Ben Norton

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

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

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