Cypto-feudalism

 

Jeffrey St. Clair :

+ Argentina’s whacko new President Javier Milei has announced that his government will cut all social assistance to any citizen who “promotes, instigates, organizes or participates in street protests against his austerity program of ‘shock therapy.’ According to a Lancet study “shock therapy” privatization killed millions in the former Soviet Union and reduced the life expectancy of Russian men from 65 years in 1988 to less than 60 years by 2006…who would want to protest that?

+ One of Milei’s first presidential decrees will permit Argentine employers to pay their workers in meat, milk, or even bitcoin instead of cash. Welcome to Crypto-feudalism.