June 13, 2024

Chainsaw Economics: President Miley’s Drastic Plan to Cut Jobs and Stabilize Argentina’s Economy

1 min read
Argentine President Implements “Chainsaw Economy”: 70,000 Civil Servants to be Laid Off

In an effort to streamline the government and address Argentina’s financial woes, President Javier Miley has announced plans to cut 70,000 jobs among civil servants. The move is part of his approach to reducing the public sector, which has been dubbed “chainsaw economics” by the media due to his use of a chainsaw at rallies.

As a far-right politician, Miley has been compared to former US President Donald Trump and Brazilian President Jair Bolsonaro. During his inauguration speech in December 2023, he emphasized the need for significant spending cuts to address the country’s financial challenges. He acknowledged the economic damage of previous decades and emphasized the necessity of implementing drastic measures to tackle issues such as high public debt and inflation rates reaching 140%.

Miley’s administration is facing tough economic realities, prompting him to take bold actions to stabilize the country’s economy. His commitment to reducing government spending and implementing shock therapy measures underscores his determination to address these significant challenges. The comparisons drawn between Miley and other right-wing leaders suggest a shared approach to economic policies and governance.

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