We are witnessing the systematic pulverization of purchasing power

We are witnessing the systematic pulverization of purchasing power

Daniel Adler, a specialist in Financial Education, considered that in recent times there has been a “lack of ideas and real solutions” from politics that “dramatically affect the entire society.”

Mariano Fuchila

Following the INDEC announcement of inflation for the month of April, which revealed an impressive 8.4%the specialist in Financial Education and Entrepreneurship, Daniel Adler pointed out that both the socioeconomic policies that have been adopted in recent times and the “the lack of ideas and real solutions, dramatically affect the whole society.”

The specialist considered: “We are witnessing the systematic pulverization of the purchasing power of Argentines”.

“Argentina counts today 77 years of fiscal deficit and a fairly similar period of inflation – he explained-, which is widely expected since today there are 182 types of social assistance plans that receive some 28 million Argentines; in some cases two or more plans, which turns off the soul and commercial and spiritual intellect of the recipients since, like any narcotic that is consumed for a long time, it becomes addictive and turns off the personality of the individual. The same happens with the last governments, which used, for the most part, social plans for electoral purposes causing incredibly serious collateral damage to citizens and to the macroeconomy,” said Adler, who is critical of the government’s socioeconomic policies.

In turn, he pointed out that another of the factors that explains the inflationary situation is “that you spend more than you earn” and that there is more talk of “adjustment” and “of put a handbrake on spending and not on the possibility of generating more income”. In this sense, he advised: “The important thing It is not spending less than what you earn, what is really important is generating more incomemuch more”

On a more optimistic level, Adler explained that one of the possibilities that Argentina has to reverse this situation is “to work hard with producers and industrialists and to invest in the most valuable asset that the country has, which is its people.“. He explained that this is one of the fundamental points to generate a change in the socioeconomic situation and assured that the Government “could generate a industrial Revolution transforming the recipients of social plans not in workers in a dependency relationship, but in entrepreneurswhich in turn are suppliers of the current companies”.

“The simplest way to explain it would be equivalent to a revolution of work, a employment shockthat is to say a increase of 600,000 workers more so that from the current 5.9 million workers we go to 6.5 million. That New Job Jump It is equivalent to all the jobs that were created in the last 13 years.. One more employee in each SME would be equal to that generated by the private sector since 2007”, he detailed about his proposal.

Along the same lines, he remarked: “Today we are immersed in a economic crisis, but also of trust, education and values. There are two possible paths to follow, only two: stop and slow down or move forward. Which is the most convenient?”, asked the specialist.

Finally, Adler reflected on the repeated mistakes made in economic policies in the country: “Since 1950, Argentina is the country with the most recessions after the Congo. It is very sad to see how the politicians on duty they use the same remedies over and over again that never gave positive results. Einstein said that insanity is doing the same thing over and over again expecting different results. This is how life passes us by, the years go by and the changes are not seen“.

Source: Ambito

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