53 sats \ 2 replies \ @didiplaywell 25 Sep \ on: Who has personally experienced hyper inflation? bitcoin
Greetings from Argentina :)
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There's no strategy, you can't help but increasingly lose your money because it's completely outside of your control. You just start cutting expenses and try to cope. Under the last socialist regime before Milei, half (HALF) of the country became poor. That's 25.000.000 people under poverty (to latin-america levels, not north levels, so literally picture Africa).
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Hyper-inflation occurs in a context of terminal loss of trust on the state, so people starts becoming increasingly cynical. You are literally a retarded if you abide to the law and pay your taxes, so while most people keep doing it out of dignity, it's at the expense of 24/7 humiliation from the state towards its citizens. That starts causing a culture of self-attrition and nihilism. The very gentilic, "Argentinian", started being used as a deeply pejorative insult by the citizens themselves, against themselves.
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The long lasting trauma, specially when the situation lasts for an entire life-span (no Argentinian alive has yet experimented economical and political stable conditions), consists on a deeply rooted cultural belief that "the Argentinian is condemned" by his own nature to live in that situation and that no solution is possible because it will go against "his own self destructive nature".
it's insane how argentina went from such prosperity to the OG of inflation. since so many people's jobs are tied to the state, are they just unaware that they are part of the problem, or do they not case as long as they are getting their little bit of salery?
how are things feeling under Milei at the moment?
i have a feeling that life in the west will degrade until you have someone like Milei who has the balls to really get serious
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are they just unaware that they are part of the problem, or do they not case as long as they are getting their little bit of salery?
It's a mix of both. The lower the position, the less the awareness, and vice-versa. The problem is not that much that people but the people on the private sector that demands for more statism, and when everything gets worse, it's because the state is not involved enough, and so on. Only the most recent generation, literally teenagers, are free from indoctrination thanks to the internet. From 30yo upwards, statism is a religion few have been able to wake up from, I myself still have some hardcoded reflects I have to counter consciously. For example, I still instinctively perceive as "good" if a company belongs to the state, and "bad" if it belongs to the private sector. People from 40yo upwards is hopelessly lost, still unable to understand absolutely nothing, and voted for Milei as last resort. This is no exaggeration: our teenagers saved us, it's all thanks to them.
how are things feeling under Milei at the moment?
Boomers are mad at Milei because he didn't solved all problems the day after he won. They are so used to the magical promises of past regimes, regardless of facts... like I said, hopelessly lost, I don't even bother, and thank god it doesn't really matter: the younger generations, from 20yo and below, are fascinated with Milei, and have high hopes on him. Recent polls measured 80% positive image on that range, it's insane. If everything goes well, and I'm certain it will, this new path towards freedom will be irreversible.
i have a feeling that life in the west will degrade until you have someone like Milei who has the balls to really get serious
I feel the exact same, and it worries me that there's no Milei in sight in the USA political landscape.
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