this post was submitted on 25 Dec 2023

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Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled (www.nytimes.com)

submitted 11 months ago by zephyreks@lemmy.ml to c/worldnews@lemmy.ml

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[–] FuckyWucky@hexbear.net 14 points 11 months ago (1 children)

also China was handpicked by the American capitalists to be the manufacturing hub (cheap currency was a cherry on top). Countries recently forced to devalue currencies haven't had a similar manufacturing boom especially because global economy is doing kinda shit.

[–] huf@hexbear.net 14 points 11 months ago

also back then there was western industry that could be offshored to china. whose industry's gonna move to argentina now? nobody else with a significant manufacturing sector is stupid enough to do it, after watching the west shoot itself in the foot. or so one would hope...