Making profit from poverty? Maybe not is a good thing Source: FT
Javier Milei, the libertarian economist leading Argentina’s presidential race, would slash government spending to balance the budget within months of taking office but wants to avoid mass public sector lay-offs, an economic adviser planning Milei’s post-election strategy said in an interview. “The first thing we have to do is to lower the fiscal deficit by five percentage points, which is not at all easy,” Daro Epstein told the Financial Times. “As Argentina is in a very critical situation, with 40 to 45 per cent poverty, what we can’t do is to fire people from the public sector or lower social spending. That is very important.”