Mass protests in Argentina decry Milei's funding cuts to prized public universities
Posted by Naurgul@reddit | anime_titties | View on Reddit | 26 comments
Tens of thousands of Argentines flooded the streets of major cities nationwide on Tuesday to protest funding cuts by libertarian President Javier Milei to the public university system that represents a near-universal point of pride in this crisis-prone country.
Vast crowds in downtown Buenos Aires marched toward the government headquarters to denounce budget shortfalls eroding the financial foundation of the country’s higher education. Argentina’s public university system, a cornerstone of its well-educated workforce cherished by its large middle class, has been tuition-free since 1949 and produced five Nobel Prize laureates.
Congress passed a law last year to fund universities’ operational costs and raise teacher salaries in line with high inflation. But the government has not implemented it as it challenges the legislation in court.
Like his powerful backer and ally U.S. President Donald Trump, Milei routinely attacks university campuses as bastions of “woke” indoctrination. He has slashed public education funding as part of his plan to take a chain saw to state funding in a sharp break from what he describes as decades of reckless spending that spawned corruption under his left-leaning predecessors.
Tuesday’s protest gathered people of all ages and political persuasions as Milei faces declining approval ratings over slumping economic activity, falling wages and climbing unemployment. A recent series of corruption scandals has also struck a nerve, with fallout particularly growing from an investigation into lavish spending by Milei’s close ally, Cabinet chief Manuel Adorni, that appears inconsistent with his modest public salary and declared assets.
Since Milei took power in late 2023, university professors’ paychecks have declined by roughly 33% after accounting for stubborn inflation, according to the main teachers’ federation.
The rector of the prestigious University of Buenos Aires, Ricardo Gelpi, said the steep losses in purchasing power has driven at least 580 research professors in the engineering and science departments to ditch the public system for private universities or other better-paying jobs.
JLZ13@reddit
Why this sub is so anti Milei? Just love the bad news.
This is protest is the one with fewer people. The ones which gather more people were before the elections. Yet Milei won by 10 points.... And moreover, the opposition got atomizide so the the victory is greater.
These protest are genuine and nobody ate against them.... But are ruin by political parties and unions, the same unions which made full on general strikes days after milei took power.
_Kiith_Naabal_@reddit
Why this sub is so anti Milei? Isn't Milei approval rating at 35% nowadays?
JLZ13@reddit
I really doubt it.
He won an election by a lot when the journalism and polls predicted a milei lost.
Milei is doing a very unpopular policy that affects media conglomerate and even inexistente media outlets.
He stoped "pauta" government money allocated to media to promote good intencionated information, but the money was used as a political leverage.
Previous government spent millions on it.
Governors and mayor still use "pautas".
So from day 1, Milei made all media conglomerate against him.
No saying Milei is perfect, but there insensitive to remove him and return to the status quo.
_Kiith_Naabal_@reddit
Multiple pools are saying it is 35% and you doubt it?
JLZ13@reddit
They are the same polls that predicted a milei lost....
So yes I doubt it.
_Kiith_Naabal_@reddit
They didn't. AtlasIntel and Encuesta de Satisfacción Política y Opinión Pública both predicted Milei would be elected. Why polls are you saying, alias?
I_argue_for_funsies@reddit
No wonder the US decided Argentina deserves 40 billion dollars for checks notes.... Nothing?! Much more important to crush educational institutions than ensure farmers don't go bankrupt.
redpandaeater@reddit
It wasn't a bailout as it was a currency swap to help shore up their peso though certainly some of it was done on credit. So sure there was risk of losing money based on exchange rates and continued Argentine inflation, but it's not like it was just giving them money. Also that was only half of it and the other was promised from private and sovereign funds, not the US Treasury.
To my knowledge it's all been repaid since early January, likely partially done by some of the dollar bonds Argentina was able to issue on the international bond market.
EscarabajoDeOro@reddit
Under Milei, Argentina has also expanded its currency swap with China, but I don't see many people arguing that China is bailing out Argentina.
StarWarsMonopoly@reddit
They gave him the money because he’s an “Anarcho-Capitalist” and people like Elon and his little minions who were so influential early in this term all think An-Caps are the most ideologically pure conservatives.
Let’s not even get into how accepting $40 billion from a foreign government completely contradicts the entire philosophy behind their precious ideology.
But all An-Caps are morons and they’re the reason I no longer identify as a libertarian or run in any libertarian circles because to them they’re the only true libertarians even though nearly all their beliefs violate the NAP right off the bat
OrinThane@reddit
To a spoiled child who has always been bailed out when he fucks up it would see reasonable. The level of wealth inequality we have is deeply damaging to everyone, not just the poor.
there_is_no_spoon1@reddit
This garbage decision still stings the bejeebus outta me. 40 billion for absolutely nothing. But, you know, teachers can just learn to eat less avocado toast and cook at home more often.
PerforatedPie@reddit
Could've been buying malware, a lot of zero days get made in Argentina. At least, that was the case a couple years ago, don't know if the industry has moved on.
arkaydee@reddit
It'll be interesting to see how this plays out. In general, I like Milei. Argentina was mired in extremely bad economic policies - and Milei is making a very good attempt at improving things.
That being said, cutting funding to education is not what I'd call good policy. Now, given how politicized the debate is, I have no idea whether the cuts are real or whether they are just "reduction against inflation". As I don't read Spanish (yet.. I'm currently doing my best to learn on Duolingo!), it's difficult to read first hand sources..
I_argue_for_funsies@reddit
40 billion bucks should fix a lot of economic issues right? Now Milei can bask in his economic praise, take all the credit at the polls, all because a foreign government handed over 40 billion
That's 6% of their whole GDP, just dropped on their lap. And they are only expected to grow 4% lol
arkaydee@reddit
Thing is, that didn't happen. The US offered a $40 billion currency swap. Which, btw, is not handing over 40 billion, it is exchanging it against the value of the dollars, in argentinian pesos, at the exchange rate.
Now, only $2.5 billion was swapped. Thus, the "They got 40 billion from the US" line is bullshit. They got offered a currency swap of UP TO 40 billion USD. They would still have to provide argentinian pesos in return. After that, it becomes a matter of whether the US buys argentinian goods for that amount of money immediately, or whether they "save" them hoping that the pesos will inflate slower than the dollar.
Here's a wikipedia article on it: https://en.wikipedia.org/wiki/2025_United_States%E2%80%93Argentina_currency_swap
_Kiith_Naabal_@reddit
We aren't talking about US swap line, we are talking about IMF $20 billion, 12 from World Bank and another 10 from IDB. The US swap was ON TOP of all that...
UNisopod@reddit
There's zero chance the pesos would inflate slower than the dollar. Either the US buys goods with them immediately or it's just a bad deal.
arkaydee@reddit
Obviously ...
Zathura26@reddit
Weird how we had a growing economy under the supposedly reckless spending of the left wing, but now that all public institutions have been definanced, we have worse economic growth than in the fkn pandemic. It's almost as if investing in public institutions is better for society or something. Who would have guessed.
MarshalNey@reddit
Was the economy growing at the 30%+ monthly inflation rate? Perhaps Argentina would have been better off electing the finance minister who oversaw doubling the money supply every quarter?
el_caveira@reddit
Don't worry hermano, soon as Brazil elect bolsonaro dos, we all will join you in misery...
Udder1991@reddit
Wait till they figure out water is wet.
Carnivorous_Duck@reddit
Toda la problemática y la discusión del desfinanciamiento de las universidades públicas es un tema que viene hablándose desde las elecciones del 2022, pero que comenzó en el gobierno anterior.
Durante el gobierno de Alberto Fernández se redujo significativamente el financiamiento a estas universidades, y sin embargo no hubieron protestas ni disturbios.
Si, es verdad que hoy por hoy el desfinanciamiento es preocupante, pero hay que aclarar que esto es algo que comenzó antes del gobierno de Milei, y que no se están financiando como se exige porque las universidades se niegan a ser auditadas, por ende, el gobierno se niega a pagar lo que exigen, ya que no tienen criterio ni datos que sostengan esos montos de dinero que solicitan.
El problema con las universidades públicas es que no quieren declarar en que gastos se va todo el dinero que les llega, ya que si se auditan y declaran estos gastos es muy probable que queden expuestos casos de corrupción, lavado de dinero, malversación de fondos, entre otros escándalos monetarios que giran en torno a los gastos en estas universidades, por esta misma razón es que se movilizan y protestan grupos ajenos a las universidades "en defensa de la universidad pública", es una problemática que excede la educación, el punto central no es el desfinanciamiento, es que se niegan a auditar porque saben que no les conviene, y los grupos políticos que manejan las universidades van a intentar hacer todo lo que puedan para evitar las auditorías.
Por cierto, en comparación al 2022 y al 2024, este año marcharon menos de 100 mil personas, aproximadamente el 25% de todos aquellos que protestaron años anteriores, ya que muchos convocados a las marchas van porque les pagan o porque reciben algún beneficio, ya que, como mencioné anteriormente, es una marcha política, no en busca de una mejoría en la educación, y la gente se viene cansando de la política en general, del partido que sean, ya ni siquiera van a marchar por más que les paguen. La situación es lamentable, se mire de donde se mire.
Back_at_it_agains@reddit
Love how all the right leaning folks and MAGA here on Reddit were cheering this guy on and praising what a success he was at first. As predicted, this asshat was going to mess things up and be mired in corruption just like his buddy Trump.
Turns out, electing a rightwing populist isn't so much fun after all!
Bobambu@reddit
Just give him a few years bro. Argentina will be South America's economic powerhouse bro. We have to burn it all down because it's already so bad bro.