YOU WILL USE PYTHON FOR EVERYTHING

Don’t you Hungary and all the former Eastern Bloc countries are heaven now and definitely not right wing shitholes.

Yea definitely, if their claim is that they really need Dollars, they can’t sell it to an Argentine corp. To obtain foreign currency they need to sell to foreign corps.

The objective is to obtain dollars urgently in order to recover reserves

Float the peso then, better than doing this despite all the pain associated, it’ll stop the reserve drain from trying to maintain fixed exchange rates, allowing rich to get cheap imports and get their money out at expense of the state. Privatization is a stupid way to get reserves. Such disinvestment only causes one time increase in reserves, it doesn’t stop the foreign currency debt burden.

AySA has required contributions from the Argentine people of US$ 13,400 million and user arrears have reached 16%.

People pay for essential services in Pesos, not Dollars. Why quote it in Dollars?

“Nationalisation would cost upwards of £100bn that we’d have to take away from the National Health Service and schools to give to the owners of the companies that are polluting,” said Reed.

you know you could run a larger deficit, or cut wasteful military spending. i do not think this is about Brexit they don’t want to invest, the private sector doesn’t want to invest.

also it wasn’t very good pre-brexit either.

i don’t think $2.15 line is that imp because its so low, many countries get trapped between ‘extreme’ poverty line and poverty (high relative poverty due to inequality). China is one of the few countries which actually got out of this trap somewhat.

https://ourworldindata.org/grapher/share-living-with-less-than-10-int--per-day?tab=line&time=1991..latest&country=CHN~World+(excluding+China)

#SoyRight

How about banning large corps from issuing shares abroad? Britain is too financialized. There is no need to pump more people’s money into shares.

In her Mansion House speech to City leaders, Rachel Reeves is expected to consider cutting tax breaks for people parking their savings in cash ISAs, in a bid to encourage more investment in stocks and shares.

People parking their savings in stocks doesn’t increase investments in real sector. In long run without a Government sector, increases in private profits comes from private investment financed by bank loans created from nothing (inside money).

That applies to new equity (shares) as well, the money to buy newly issued shares (IPO) must come from retained earnings (which come from previous investments or govt deficit and is limited in amount), or bank money creation (which is constrained by bank’s willingness to lend).

Funny how the land of Keynesian economics is now implementing the most braindead monetarist economic policies. Acting as if shuffling numbers around does anything.

Edit: I believe the hope is that this will inflate the prices of shares, which can then be used as collateral to get loans for cheap from private banks. But then that money is unlikely to be used for real investment instead just speculation.

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Maybe in the US but rest of the world has access to budget Chinese smartphones .

Central government finances itself. It doesn’t need tax revenue or such payments from the rich.

Close the loophole.

One can only guess why they hate lemmy.

EU

For flagship they should’ve gone with a flagship cpu. Ik it’s not that different, but there is no reason.

Posteo

I think uncertainty of employment is a huge issue. Enact a right to employment law.

One off transfers aren’t enough, there has to be consistent income stream. The hours of the work offered under this law must be flexible.

Of course, none of that is going to happen if the Government has a neoliberal mindset.

all their ‘solutions’ are market based. China’s success no matter what certain liberals claim is because of the role the state played in it’s economy, not because of markets.

housing? deregulate so private developers (hopefully) build shittier homes. the entire thing relies on private sector’s willingness to build homes. and even if homes are built, supply can be manipulated and prices can be set by developers because there is no such thing as a free market.

a state owned enterprise for building homes and selling it at below market rates is impossible to imagine for them.