BUENOS AIRES—Alberto Fernández was sworn in as president of Argentina, vowing to restore growth and redistribute wealth by reversing the austerity policies of his pro-business predecessor, Mauricio Macri.
The 60-year-old veteran politician led the nationalist Peronist coalition to victory in October’s election with promises that the state would provide for Argentines. In his speech Tuesday before a raucous Congress, he said his compatriots had rejected a four-year experiment with market reforms under Mr. Macri that started...
I.e productive people will be getting screwed.
So Argentina, already facing huge debts, will borrow more from IMF and other countries and spend it on the poor. Great humanitarian thing to do. I guess Argentina is assuming it won't have to pay the debt back.
+++SOCIALISM!!!! 🥳
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