Positive framing: "Oil boom in Argentina sparks migration to countryside"
Negative framing: "Exodus from Buenos Aires"
Around 40% of Argentina lives in just one province. Yes there are significant economic challenges, as always, but it's not the worst thing in the world that the rest of the country is starting to develop.
The reason behind this “Buenod Aires Exodus” thst the article deliberately leaves aside, is that the provinces that people migrate to, are seeing an economic boom because they subscribed to the RIGI.
Buenos Aires, lead still by kirchnerist Axel Kiciloff, didn’t want to sign to allow the RIGI *just because Milei made it and Milei = Bad”.
There were many projects for Buenos Aires that didn’t see the light of day because Axel Kiciloff took that road.
its not cause of the rest of the country developing...its cause living in BA is almost impossible since commuting to work its more expensive now than ever and the job market is totally destroyed.
Exact same thing happened in the 2001-02 crisis
"He realised an energy boom in windswept Patagonia wasn’t another false promise but a ticket to prosperity he couldn't achieve at home. So the 38-year-old joined thousands of Argentines who are relocating to the dusty plains that have transformed from flyover country into the biggest success story of President Javier Milei’s free-market experiment. "
"Milei does have results to show: Inflation, once near 300 percent, is now close to 30 percent; the economy has likely grown two years in a row. Poverty is at its lowest level in a decade. All the major credit rating agencies have upgraded Argentina’s sovereign debt. His signature investment programme has approved 27 projects so far that total US$76 billion that’s coming in gradually and an additional US$133 billion of proposals under evaluation."
"...those investments haven’t yet trickled down to the real economy in Buenos Aires and other metro areas that tend to determine presidential elections."
And so on and so on. It's about how other sectors in the economy are showing promise but it's tough for the middle class and private employment is falling. It's neither all good nor all bad.
Cities are the core of any healthy economy. If people are moving away from them because there aren’t any jobs in the place that has all of the jobs, then you are proper fucked economically, no two ways about it.
Yes but thats not this case. we are not talking of cities but a singular 13+ millon metropolis.
Said place had such big subdidies on all servicies (at times electricity was only 5% of the regular cost), amongst other thing, for so long that it became overpopulated ( in my opinion).
So, all the growth comes from foreign private capital and focused on Oil&Gas. The methane-breathing space zombies from They Live are trying to hide the fact that everything else is crumbling and that a desperate '49-type rush is actually good.
20% de inflación mensual a 3%. El que piense que un pais así de roto se va a arreglar en cuatro años y sin un esfuerzo enorme del pueblo es un niño inocente.
Well, I would say that Brazil had International Credit to help with Plan Real, Argentina with cero credibility had a little help of FMI because the Cero Deficit plan implementation. So we start on different bases.
We had no other choice than stop spending more than we generate.
The Plano Real wasn't funded by international credit. Brazil's advantage was the large stock of foreign reserves as well as external debt negociated under the Brady Plan in 1994. That made the exchange-rate anchor credible.
You are wrong about Argentina "zero credibility". Arnetina is the biggest creditor from IMF and the largest deal was in 2025, last year, with a 20 billion dollar deal.
Before Milei was elected inflation was at 200% annually. I remember there was nearly zero media reporting or Reddit posts on Argentina’s economy. Within a short time of Milei arriving the state of the economy was blamed on his ‘far-right’ libertarian policies by a regular stream of media articles. The current state of the economy has been decades in the making. He’s managed to massively reduce inflation in a couple of years yet somehow it’s made out as if it’s all his fault. It’s really stupid to see outlets like the ft or Patrick Boyle who I respect get so biased by ideology on the subject .
Its been years of disaster headlines from him now and his defenders can only keep talking about the inflation line.
What they don’t mention is that he ‘solved’ in inflation by tanking the economy and people’s buying power crippling the population.
Any country can ‘solve’ inflation this way. Every other country don’t because they aren’t complete morons.
You can tell hes a failure because he’s defaulting to the standard Argentinian coping mechanism of deflecting to the Falklands and trying to threaten them.
People forget stagflation in the U.S. ended the same way as Milei by deliberately destroying the economy to reset inflation. It was deeply unpopular of course.
People forget stagflation in the U.S. ended the same way as Milei by deliberately destroying the economy to reset inflation. It was deeply unpopular of course, yet in history we credit Volcker’s bravery because in just a few years time after the deliberate recession America’s economy rebounded.
Tanking the economy? More like stop subsidizing Consumption by printing money? Salaries were losing buying power by 5 to 8% EVERY SINGLE MONTH before Milei due to the money injection to the economy by the government, it was only a matter of mnths before that spiralled into uncontrollable hyperinflation.
Milei just rip the bandaid and showed the real economic state of the country. A country that could barely afford basic needs even with massive government subsidies in every sector of the economy.
You live in a 1st world bubble surrounded by your echo chamber who has no fucking clue how it was to live under those circumstance, and it shows.
"deflecting to the Falklands"? This has been a standard for every single Argentinian President, so how is milei different for this?
You should read the article, it mentions that. Inflation reduced from near 300 percent to 30 percent. But the situation seems similar to America, things continue to become more and more unaffordable for working Argentinians and small businesses while only the largest corporations are reaping benefits:
“Milei does have results to show: Inflation, once near 300 percent, is now close to 30 percent; the economy has likely grown two years in a row. Poverty is at its lowest level in a decade. All the major credit rating agencies have upgraded Argentina’s sovereign debt. His signature investment programme has approved 27 projects so far that total US$76 billion that’s coming in gradually and an additional US$133 billion of proposals under evaluation.
Yet foreigners’ bullish optimism is masking workers’ pain that’s dividing the country. While investors including billionaire Peter Thiel plough money into oil and gas down south, lithium in the north and copper out west, those investments haven’t yet trickled down to the real economy in Buenos Aires and other metro areas that tend to determine presidential elections. Instead, job losses, soaring utility bills and indebted households solidify a feeling among middle-class Argentines that the economic growth is evading them. Over 32,000 businesses have closed since he took office, bringing the total number of private-sector employers to the lowest level since 2007.
“This economy is beginning to reveal two Argentinas,” says Marcelo García, director of the Americas at consulting firm Horizon Engage. “The winners of the Milei economic programme are capital-intensive. The losers – including small businesses, retail and construction – are labour-intensive.
If you look closely, you will see that before 2022, inflation wasn’t very different to what Milei has today (30-40% pa), and the government didn’t have to implode the entire economy of Argentina to achieve the same. So far, he is failing to do better than past presidents after a very cruel fiscal policy. 2022 is not a reflection of the past two decades. It was a year of economic turmoil (Ukraine war affecting food and energy prices directly) and political turmoil caused a lot by Milei himself during the pre-elections. He managed to convince people against renewing peso bank deposits, and that made the parallel market fall drastically after people started hoarding dollars. Much of the inflation of 2022 was caused by the panic Milei created.
Argentina is a complicated economic story that is very far away from me. I am missing tons of context. The story is also very politically charged, and large contingents of redditors want to either cheerlead or condemn Milei.
I'd be reluctant to trust any headlines or articles or discussions about the economic situation in Argentina that get posted and upvoted on Reddit.
The bland on him was about the amount of people who became worse off and the sustainability of his methods.
Argentina doesn't even had the highest inflation. Many other countries have and had it worse, and many countries solved the problems without making people worse off, like the neighbor country Brazil.
Media and governments are groups of political interests so it is pointless to judge based on their news. Germany, for exemple, for 30 years was claiming by corporate media, government and consequently people worldwide, that Germany had a sustainable economy, that Germany was crisis proof, that austerity is good for the economy, that people in poverty in Germany were not struggling. But anyone with a half brain and an eye could see the obvious loud bulshit, although the vast majority didn't want to believe on their own eyes and brain. Now everybody know that what they believe before was bulshit and they blame it on politicians, never on themselves for not questioning them, while keeping believing in new other obvious bulshit again. That is the power of mainstream corporate media, institutions and politics. They turn all into circus and contest which people are more focused on choosing a side to blame and an other to defend (be it politicians, ideology, theories or narratives) than actually look and understand reality itself that is a lot more richer, nuanced and complex, but easy to see by anyone with intelectual honesty.
Your type of reply is exactly whatbI said about turning politics and economy into circus and contest.
I didn't even support or attacked Milei but just explained how news/information works, and people here can not see anything other than a binary context about which side to defend or attack.
You still have no idea what I am talking about and still keep insisting in interpreting my posts as judgment of Milei regardless if positive or negative.
By the way. I am really far from defending conservative of any kind.
I am saying that regardless of what people is saying as no alternative for argentine, that Argentina is not even the worse case cenario and countries that had worse inflation managed to get out of it without excluding people from economic metrics.
And that regardless what what is in the news, it attend groups of interests and is not a good base to defend what Milei did.
Now, Milei is accountable and so many other politicians before as well as the population that play the election games.
And I think the more people are focused on find somebody to be blame for all the problems instead of collectively take the responsibility to make the change, the political and economic situation only get worse, because after all, people are collectively the economy . A country with good finance or bad finance without considering how well people are doing is not real economic talk.
Well I wonder if the Kirchnerist Axel Kiciloff, governor of Buenos Aires, not signing the RIGI, had anything to do with people leaving his province for others that did sign it, had anything to do about this situation…
ElMatasiete7 | 9 hours ago
Positive framing: "Oil boom in Argentina sparks migration to countryside"
Negative framing: "Exodus from Buenos Aires"
Around 40% of Argentina lives in just one province. Yes there are significant economic challenges, as always, but it's not the worst thing in the world that the rest of the country is starting to develop.
Suitable-Economy-346 | 4 hours ago
> but it's not the worst thing in the world that the rest of the country is starting to develop
It actually is if it's at the expense of something else. Cutting off one's nose to spite one's face...
megatronchote | an hour ago
The reason behind this “Buenod Aires Exodus” thst the article deliberately leaves aside, is that the provinces that people migrate to, are seeing an economic boom because they subscribed to the RIGI.
Buenos Aires, lead still by kirchnerist Axel Kiciloff, didn’t want to sign to allow the RIGI *just because Milei made it and Milei = Bad”.
There were many projects for Buenos Aires that didn’t see the light of day because Axel Kiciloff took that road.
ZenTze | 9 hours ago
its not cause of the rest of the country developing...its cause living in BA is almost impossible since commuting to work its more expensive now than ever and the job market is totally destroyed.
Exact same thing happened in the 2001-02 crisis
ElMatasiete7 | 9 hours ago
From the article you didn't read:
"He realised an energy boom in windswept Patagonia wasn’t another false promise but a ticket to prosperity he couldn't achieve at home. So the 38-year-old joined thousands of Argentines who are relocating to the dusty plains that have transformed from flyover country into the biggest success story of President Javier Milei’s free-market experiment. "
"Milei does have results to show: Inflation, once near 300 percent, is now close to 30 percent; the economy has likely grown two years in a row. Poverty is at its lowest level in a decade. All the major credit rating agencies have upgraded Argentina’s sovereign debt. His signature investment programme has approved 27 projects so far that total US$76 billion that’s coming in gradually and an additional US$133 billion of proposals under evaluation."
"...those investments haven’t yet trickled down to the real economy in Buenos Aires and other metro areas that tend to determine presidential elections."
And so on and so on. It's about how other sectors in the economy are showing promise but it's tough for the middle class and private employment is falling. It's neither all good nor all bad.
lezapper | 7 hours ago
"...those investments haven’t yet trickled down... "
Narrator's voice: Nor would they ever.
Mastercap95 | 7 hours ago
They will. Mainly, cuz no industry in Argentina exits. So everything has to be built and that means jobs
Imzarth | 38 minutes ago
Taking a bus costs like 0.6 dollars lmao. Get real
EnglishBrekkie_1604 | 3 hours ago
Cities are the core of any healthy economy. If people are moving away from them because there aren’t any jobs in the place that has all of the jobs, then you are proper fucked economically, no two ways about it.
Elrhat | 2 hours ago
Yes but thats not this case. we are not talking of cities but a singular 13+ millon metropolis.
Said place had such big subdidies on all servicies (at times electricity was only 5% of the regular cost), amongst other thing, for so long that it became overpopulated ( in my opinion).
Agen_p | 5 hours ago
So, all the growth comes from foreign private capital and focused on Oil&Gas. The methane-breathing space zombies from They Live are trying to hide the fact that everything else is crumbling and that a desperate '49-type rush is actually good.
Branca-Moustache | 10 hours ago
20% de inflación mensual a 3%. El que piense que un pais así de roto se va a arreglar en cuatro años y sin un esfuerzo enorme del pueblo es un niño inocente.
YourFuture2000 | 9 hours ago
You should learn the Brazilian case, the scotch case and may others.
Branca-Moustache | 5 hours ago
Tell me about it. Witch years. What president.
o_safadinho | 4 hours ago
He’s probably referring to the “Plano Real” that was implemented under Fernando Henrique Cardoso in Brazil.
Branca-Moustache | 4 hours ago
Well, I would say that Brazil had International Credit to help with Plan Real, Argentina with cero credibility had a little help of FMI because the Cero Deficit plan implementation. So we start on different bases.
We had no other choice than stop spending more than we generate.
YourFuture2000 | an hour ago
The Plano Real wasn't funded by international credit. Brazil's advantage was the large stock of foreign reserves as well as external debt negociated under the Brady Plan in 1994. That made the exchange-rate anchor credible.
You are wrong about Argentina "zero credibility". Arnetina is the biggest creditor from IMF and the largest deal was in 2025, last year, with a 20 billion dollar deal.
Outrageous_Pudding71 | 10 hours ago
Before Milei was elected inflation was at 200% annually. I remember there was nearly zero media reporting or Reddit posts on Argentina’s economy. Within a short time of Milei arriving the state of the economy was blamed on his ‘far-right’ libertarian policies by a regular stream of media articles. The current state of the economy has been decades in the making. He’s managed to massively reduce inflation in a couple of years yet somehow it’s made out as if it’s all his fault. It’s really stupid to see outlets like the ft or Patrick Boyle who I respect get so biased by ideology on the subject .
kdailyone | 3 hours ago
There was significant global media reporting of Argentina's dire economic situation and rampant inflation prior to Milei.
FlappyBored | 7 hours ago
More Milei cope.
Its been years of disaster headlines from him now and his defenders can only keep talking about the inflation line.
What they don’t mention is that he ‘solved’ in inflation by tanking the economy and people’s buying power crippling the population.
Any country can ‘solve’ inflation this way. Every other country don’t because they aren’t complete morons.
You can tell hes a failure because he’s defaulting to the standard Argentinian coping mechanism of deflecting to the Falklands and trying to threaten them.
Itburns12345 | 7 hours ago
This
His fix is the equivalent of taking your bank account out of overdraft by not paying any of your bills, works but there is a price.
MrForence | 7 hours ago
But if it was decades in the making, was it really an economy what they had?
pywang | 3 hours ago
People forget stagflation in the U.S. ended the same way as Milei by deliberately destroying the economy to reset inflation. It was deeply unpopular of course.
Imzarth | 34 minutes ago
Huh? Milei is the one paying the bills. The other party was planning on defaulting
pywang | 3 hours ago
People forget stagflation in the U.S. ended the same way as Milei by deliberately destroying the economy to reset inflation. It was deeply unpopular of course, yet in history we credit Volcker’s bravery because in just a few years time after the deliberate recession America’s economy rebounded.
kenlubin | an hour ago
We credit Volcker's bravery, but voters punished Carter while Reagan reaped the rewards.
Imzarth | 14 minutes ago
Tanking the economy? More like stop subsidizing Consumption by printing money? Salaries were losing buying power by 5 to 8% EVERY SINGLE MONTH before Milei due to the money injection to the economy by the government, it was only a matter of mnths before that spiralled into uncontrollable hyperinflation.
Milei just rip the bandaid and showed the real economic state of the country. A country that could barely afford basic needs even with massive government subsidies in every sector of the economy.
You live in a 1st world bubble surrounded by your echo chamber who has no fucking clue how it was to live under those circumstance, and it shows.
"deflecting to the Falklands"? This has been a standard for every single Argentinian President, so how is milei different for this?
Delusional
pluralofjackinthebox | 3 hours ago
You should read the article, it mentions that. Inflation reduced from near 300 percent to 30 percent. But the situation seems similar to America, things continue to become more and more unaffordable for working Argentinians and small businesses while only the largest corporations are reaping benefits:
“Milei does have results to show: Inflation, once near 300 percent, is now close to 30 percent; the economy has likely grown two years in a row. Poverty is at its lowest level in a decade. All the major credit rating agencies have upgraded Argentina’s sovereign debt. His signature investment programme has approved 27 projects so far that total US$76 billion that’s coming in gradually and an additional US$133 billion of proposals under evaluation.
Yet foreigners’ bullish optimism is masking workers’ pain that’s dividing the country. While investors including billionaire Peter Thiel plough money into oil and gas down south, lithium in the north and copper out west, those investments haven’t yet trickled down to the real economy in Buenos Aires and other metro areas that tend to determine presidential elections. Instead, job losses, soaring utility bills and indebted households solidify a feeling among middle-class Argentines that the economic growth is evading them. Over 32,000 businesses have closed since he took office, bringing the total number of private-sector employers to the lowest level since 2007.
“This economy is beginning to reveal two Argentinas,” says Marcelo García, director of the Americas at consulting firm Horizon Engage. “The winners of the Milei economic programme are capital-intensive. The losers – including small businesses, retail and construction – are labour-intensive.
TimeGrownOld | 10 hours ago
I mean yes, but he's still corrupt
UncleIrohsPimpHand | 5 hours ago
What proves this?
milkolik | 9 hours ago
He may be the first president that is not corrupt. Can't talk for the people around him. But he is too autistic to steal.
Historical-Theory-49 | 3 hours ago
His sister steals for him. He still manages to pull off crypto-currency fraud in spite of his autism.
Severe_Indication_86 | 7 hours ago
What a bitter comment. I feel like at this point in time, in Latin America, that is basically inevitable at the scale of a government.
bnlf | 4 hours ago
If you look closely, you will see that before 2022, inflation wasn’t very different to what Milei has today (30-40% pa), and the government didn’t have to implode the entire economy of Argentina to achieve the same. So far, he is failing to do better than past presidents after a very cruel fiscal policy. 2022 is not a reflection of the past two decades. It was a year of economic turmoil (Ukraine war affecting food and energy prices directly) and political turmoil caused a lot by Milei himself during the pre-elections. He managed to convince people against renewing peso bank deposits, and that made the parallel market fall drastically after people started hoarding dollars. Much of the inflation of 2022 was caused by the panic Milei created.
Morlaak | 3 hours ago
This is an insane take detached from reality. People were already hoarding dollars as evidenced by the black market dollar being already almost double the official rate even by 2021.
Maybe, just maybe, that was caused by the government that was in charge at the moment rather than the candidate that wasn't even polling at 20% in 2022.
kenlubin | an hour ago
Argentina is a complicated economic story that is very far away from me. I am missing tons of context. The story is also very politically charged, and large contingents of redditors want to either cheerlead or condemn Milei.
I'd be reluctant to trust any headlines or articles or discussions about the economic situation in Argentina that get posted and upvoted on Reddit.
YourFuture2000 | 9 hours ago
The bland on him was about the amount of people who became worse off and the sustainability of his methods.
Argentina doesn't even had the highest inflation. Many other countries have and had it worse, and many countries solved the problems without making people worse off, like the neighbor country Brazil.
Media and governments are groups of political interests so it is pointless to judge based on their news. Germany, for exemple, for 30 years was claiming by corporate media, government and consequently people worldwide, that Germany had a sustainable economy, that Germany was crisis proof, that austerity is good for the economy, that people in poverty in Germany were not struggling. But anyone with a half brain and an eye could see the obvious loud bulshit, although the vast majority didn't want to believe on their own eyes and brain. Now everybody know that what they believe before was bulshit and they blame it on politicians, never on themselves for not questioning them, while keeping believing in new other obvious bulshit again. That is the power of mainstream corporate media, institutions and politics. They turn all into circus and contest which people are more focused on choosing a side to blame and an other to defend (be it politicians, ideology, theories or narratives) than actually look and understand reality itself that is a lot more richer, nuanced and complex, but easy to see by anyone with intelectual honesty.
-Sofa-King-Vote | 9 hours ago
How long will these excuses work for this clown?
YourFuture2000 | 9 hours ago
Your type of reply is exactly whatbI said about turning politics and economy into circus and contest.
I didn't even support or attacked Milei but just explained how news/information works, and people here can not see anything other than a binary context about which side to defend or attack.
I speak as a person who studied communication.
-Sofa-King-Vote | 8 hours ago
Milei is not a success
YourFuture2000 | 6 hours ago
You still have no idea what I am talking about and still keep insisting in interpreting my posts as judgment of Milei regardless if positive or negative.
By the way. I am really far from defending conservative of any kind.
-Sofa-King-Vote | an hour ago
You aren’t saying anything though.
Either Milei is held accountable for his performance or not
YourFuture2000 | 55 minutes ago
I am saying that regardless of what people is saying as no alternative for argentine, that Argentina is not even the worse case cenario and countries that had worse inflation managed to get out of it without excluding people from economic metrics.
And that regardless what what is in the news, it attend groups of interests and is not a good base to defend what Milei did.
Now, Milei is accountable and so many other politicians before as well as the population that play the election games.
And I think the more people are focused on find somebody to be blame for all the problems instead of collectively take the responsibility to make the change, the political and economic situation only get worse, because after all, people are collectively the economy . A country with good finance or bad finance without considering how well people are doing is not real economic talk.
-Sofa-King-Vote | 28 minutes ago
“worst case scenario “ is the standard now? 😆
This is Milei’s thing.
He owns all these libertarian claptrap policies.
Pass or fail
megatronchote | an hour ago
Well I wonder if the Kirchnerist Axel Kiciloff, governor of Buenos Aires, not signing the RIGI, had anything to do with people leaving his province for others that did sign it, had anything to do about this situation…