Let's assume 25 million Argentinians are taxpayers, that would mean giving every taxpayer a $40 tax cut. In addition, this will take away a most likely money losing institution away from the necks of ordinary Argentinians. No matter, how insignificant you think it is, this is a win for ordinary people.
But you're missing the larger point -- it's still an act of redistribution, it's just a really
shitty way of doing the redistribution because the proceeds from the sale are diluted so far as to be effectively useless. Those just entering the workforce are being reimbursed far too much, and those who are just about to retire and have paid into the system for decades and decades are being shorted. In short, it's a slap in the face to those who have been most extorted. Some of them may feel equally slapped in the face by a disbursement of shares to the current employees but, as I said, nothing can be done about this (there's no actual way to make people whole in a "fair" way) and it's simply not Milei's doing, nor his fault.
Gifting it to a few union workers is NOT the capitalist way of doing it. It is in fact what a socialist would do.
Who cares about the "capitalist" way? What matters is whether it's a sensible public-policy action, or not. Milei is not the chief economist of Argentina, he's the
President of Argentina. His job is to act in the interests of the Argentine people as best he can. Privatizing the public airline is one of the most obvious way he can do that. The details of
how the airline is privatized is something he will have to work out with his own team, and negotiate with the various parties who are going to lobby for their own agenda in all of this. Even in Argentina, being President does not give him unilateral power to simply enact whatever whim strikes his fancy. The ultimate outcome will be the result of "game theory", as the zoomers call it.
The closest thing to ownership of a socialized asset is
whoever is taking care of it right now. Thus, disbursing ownership shares to the employees makes sense. If there is a strong risk that the union could end up wresting controlling stakes in the company, then perhaps you would need to take safeguards against that bad outcome. I'm not sure how to handle that detail, but I'm confident there is a solution. Chopping the roast pig into 50 million bits of dust and mailing one speck of dust out to each Argentine is a silly and insulting proposal whose only real function is to act as a
reductio ad absurdum argument against privatization.
My main reason for these posts is just to pump the breaks on the praise this man is getting.
Yes, it's amazing how you fair-weather posters suddenly materialize out of the aether whenever there is a geopolitical event with potentially material consequences to US imperial politics. Truly amazing...
Like he is the 2nd coming of Ron Paul.
Like Ron Paul, he's spitting the
unadulterated, unfiltered, uncensored TRUTH. Just like the difference between fool's gold and gold... if you know, you know. You know it when you see it, there's just no way to "fake it" and wag the proverbial dog. The controlled-opp never but
never speaks unfiltered truth. They'll speak half the truth. They love truthy slogans and witticisms. But they never speak the truth at length because they cannot... this would be Satan casting out Satan.
He is doesn't mind telling off TPTB on how he will destroy their economic schemes and destroy their central banks but when it comes down to it, he is very pragmatic of maintaining a strong relationship with The Fed and Israel.
So what? As President, good diplomacy is part of his
job. Waving a chainsaw around is not suitable for geopolitical diplomacy... it's a great way to build publicity while you're in the early stages of your candidacy. "Consistency is the hobgoblin of small minds"... we have no use for this kind of brain-dead "one-issue consistency" where someone is "bad" or "good" solely on the basis of whether they maintain diplomatic connections with Benjamin Netanyahu. The Left was doing exactly this same stunt to Trump when he opened diplomatic communication with North Korea. Somehow, Trump was suddenly a closet-communist or admirer of Kim Jong Un. How ridiculous!