The objective is to obtain dollars urgently in order to recover reserves, reviving the story of Carlos Menem in the 1990s.
K. Jiménez
In Argentina, the ultra-liberal government of Javier Milei announced the privatization of the company Agua y Saneamientos Argentinos (AySA), with the aim of obtaining the dollars it urgently needs to recover reserves, reviving the history of Carlos Menem in the 1990s.
The spokesman of the Casa Rosada, Manuel Adorni, detailed that it will be a “mixed” system, combining a national and international bidding to select a new operator and an initial public offering to open the capital to other investors. The permanence of the employees as shareholders will be guaranteed, with 10% of the capital stock through the Participated Ownership Program.
Adorni justified the decision by pointing out that, since its nationalization by Néstor Kirchner 200, AySA has required contributions from the Argentine people of US$ 13,400 million and user arrears have reached 16%.
The operation implies the possibility that the service may be cut off to residential customers in arrears, quarterly rate adjustments and that the necessary works may be financed by the users in their bills, with which “water ceases to be a right and becomes a business”, warned lawyer Pablo Serdán, consulted by Página 12.
Too late
Next: “Breaking News! Milei Privatises Air!” /s
How is this guy still not hanging from the lamppost?
A neighbor of ours is from Argentina… she briefly mentioned politics one day while we were walking our dogs and I asked her what she thought about Milei. She said he was a godsend to the Argentinian people and the guy before him was an absolute disaster.
We never talked about politics again after that.
Lol never ask latin american diaspora in the US about their country politics, rookie mistake.
You can more or less extend that to Global South diaspora in the Global North
In Brazil, we noticed that usually people that migrated to Europe tend to be more left wing and those who migrated to the US are more right wing. Most people aren’t politicized, so they believe in the first information that reach their ears, usually from their social group or the corporate media. So this is why people’s perception is often blurred and confusing.
If you were lucky to find me (in Canada), I say you wouldn’t hear anything good from me about Lula (in his third term), Bolsonaro, Alberto Fernandez, or Milei. But people like me are rare.
That’s also what I have seen/heard from some of my sources. However, there are more and more disillusioned libertarians due to Milei’s politics finally hurting them as well. That’s the most recent trend that is growing.
X.X
I have no idea either. Whenever I see news from Argentina, I always ask myself: “How much more pain and neoliberalism can Argentinians handle until they finally explode in violence?”
“mixed” system, combining a national and international bidding to select a new operator
I thought they might try to be sneaky by starting with giving it to an Argentine company. But they’re gonna go ahead and say the US can privatize Argentina’s water.
But they’re gonna go ahead and say the US can privatize Argentina’s water.
Or the zionist entity.
Yea definitely, if their claim is that they really need Dollars, they can’t sell it to an Argentine corp. To obtain foreign currency they need to sell to foreign corps.
The objective is to obtain dollars urgently in order to recover reserves
Float the peso then, better than doing this despite all the pain associated, it’ll stop the reserve drain from trying to maintain fixed exchange rates, allowing rich to get cheap imports and get their money out at expense of the state. Privatization is a stupid way to get reserves. Such disinvestment only causes one time increase in reserves, it doesn’t stop the foreign currency debt burden.
AySA has required contributions from the Argentine people of US$ 13,400 million and user arrears have reached 16%.
People pay for essential services in Pesos, not Dollars. Why quote it in Dollars?
Bechtel, is that you?
