Mexican President AMLO Proves the Strength of Moral Economy Over Neoliberalism, Amidst Criticism from Argentina’s President – Latest Updates

2024-03-28 17:19:33

The president of Mexico, Andrés Manuel López Obrador (AMLO), highlighted the strengthening of his country’s currency against the US dollar during his administration and stated that with facts he demonstrates that “the Moral Economy is better than neoliberalism.” These statements come after his counterpart from Argentina, Javier Mileywould describe him as “ignorant.”

Through a publication on his X account, the Mexican president shared a statistical graph on the exchange rate in his country on Wednesday and pointed out that poverty and inequality are reduced.

“The peso is the currency that has strengthened the most in the world in relation to the dollar; today it appreciated as it had not happened in nine years, closing at 16.56 pesos per dollar. Poverty and inequality are reduced. With facts we are showing that it is Moral Economy is better than neoliberalism,” wrote Andrés Manuel López Obrador.

Already previously, Andrés Manuel López Obrador has criticized his counterpart Javier Miley. For example, by calling him a “conservative faco” when the then Argentine candidate launched harsh criticism against Pope Francis. Later, when the libertarian representative became president, the Mexican president assured that there was an “own goal” in that country.

Publication by Andrés Manuel López Obrador in XSource: X / @lopezobrador_

“Ignorant”

The day before in a preview of the interview with the program Oppenheimer Presentswhich will be broadcast on Sunday, March 31 on CNN; Javier Miley He attacked the Mexican presidents Andrés Manuel López Obrador; and from Colombia, Gustavo Petro. He called the first one “ignorant” and the second, a “terrorist murderer.”

Javier Miley He reacted this way after the comments of the Mexican president and the candidate for that country’s ruling party for the next elections, Claudia Scheinbaum, who accuse him of implementing extreme neoliberalism in Argentina.

“It is a compliment that an ignorant person like Lopez Obrador speak badly of me, it exalts me,” said the Argentine president.

This Thursday, the president Andrés Manuel López Obrador He referred precisely to the adjective “ignorant” and accepted the adjective made by Javier Milei.

mercy He claimed that I am “ignorant” because I called him a “conservative faco.” You are right: I still do not understand how the Argentines, being so intelligent, voted for someone who is not accurate, who despises the people and who dared to accuse his countryman Francisco of being a “communist” and “representative of the Evil One in the earth”, when it comes to the most Christian Pope and defender of the poor that I have ever known or heard of. Post data: hug Gustavo Petro“, wrote.

Economy in decline

It should be noted that last January the economic activity of Argentina was once again noticeably affected by the ‘shock’ adjustment undertaken by the Government of Javier Milei, which recently celebrated 100 days, and very high inflation that has crushed the demand for goods and services.

According to the National Institute of Statistics and Censuses (Indec) of Argentinathe estimator of economic activity, an indicator that serves as a provisional advance to measure the quarterly variation of the gross domestic product (GDP), registered a fall of 1.2% last January compared to last December.

The decline shows some moderation with respect to the 2.8% collapse that occurred in the last month of 2023, but, even so, it confirms the deterioration of economic activity in Argentinawhich since November of last year has exhibited negative monthly indicators.

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