He Milei government launched his “war of classes” in just 20 days. After the devaluation, the resulting inflationary acceleration and the “Caputazo”, the Repressive protocol of Patricia Bullrich’s social protest and on December 20 at night, the presentation of the “mega DNU” 70/23. Subsequently, the Omnibus Law sent to Congress for treatment in the extraordinary sessions completed the scenario.
On behalf of the “freedom“, no measure benefits the working majorities who have been bearing the costs of the adjustment of recent years and a large part voted for Milei for a “change” to improve their living conditions. But it is clear that each of the articles has the name and surname of each great businessman that seeks to benefit from a new business, while the living conditions of the working class are attacked. It is necessary to prepare from below a large national strike with mobilization on January 24make it really massive, and raise a independent program and organization of the union bureaucracy, to defeat the fierce adjustment plan of Milei, the big employers and the IMF.
Below is a non-exhaustive summary of the main economic groups benefited:
Large employers’ associations of the UIA and the AEA: In general terms, the entire capitalist class is favored by the setback in terms of labor rights that the DNU implies, a unparalleled attack on historical achievements of the workers that seeks to advance with the flexibility and legalization of labor fraud. The objective is very simple: lower costs for employers, which implies worsening the working and living conditions of millions of workers, because class interests are exactly opposite. A labor reform by decree.
Articles 53 to 97 reflect the wishes of its main promoters and lobbyists for years: the large employers’ associations of the Argentine Industrial Union (UIA) and the Argentine Business Association (AEA)who immediately celebrated the sending of the mega DNU.
Money laundering: The omnibus bill authorizes rich families and businessmen who have less than US$ 100.000 hidden or those who deposit dollars for two years and only requires taxation of 5% to 15% for those who have more than US$ 100,000. In parallel, it proposes a progressive decrease in personal property tax. Therefore, whoever launders will pay little now, but also in the future thanks to the reduction of the personal property tax.
Banks: Both commercial banks and credit card services benefit from the articles 13 and 14 of the DNU, in which the exclusivity of Banco Nación to receive judicial deposits and deposits in dollars from the State is repealed, commissions for Commercial Credit Cards are released and the cap on punitive interests is eliminated. Large foreign banks such as Santander Rio, HSBC, Supervielle, Banco Francésand credit cards Visa y Mastercard among the main beneficiaries.
Galperín (Mercado Pago) and Fintech: Marcos Galperin, the first businessman to freely celebrate Milei’s electoral victory on his “X” account, was behind several of the articles in the decree prepared by Sturzzeneger. He article 72 specifically expands the market for virtual wallets and Fintech as Payment Market y Uala at multiplied levels, allowing employers to pay salaries through these channels and avoid depositing them in bank savings accounts.
Supermarkets and mass consumption companies: Arcor, Coto, Molinos, La Anónima, Unilever, Procter and Gamble, De Narváez, among other beneficiaries of the repeal of the supply law and gondola law, as well as the elimination of the Observatory of Prices and Availability of Inputs, the articles 5, 7 and 9 of the DNU. It is for this reason that this part of the decree has been called Ley COPALin reference to the chamber that brings together the country’s food industries.
Techint and Paolo Rocca: The omnibus law repeals the objective of “self-sufficiency” of hydrocarbons, whose epicenter is the development of Vaca Muerta, and explicitly changes it to that of “increasing income.” This implies that exports and imports are released. Thus, emerges Techint de Paolo Rocca, with Tecpetrol that operates in Dead cowas one of the great winners of the Milei era.
Foreign capitals: Argentina “for sale”. For sale, not only of public assets with privatizations, but, paraphrasing Milei, of “everything that can be sold.” He article 154 directly repeals the Rural Land Law, benefiting large foreign landowners who seek to expand their properties, such as Joseph Lewis (friend of Mauricio Macri), Ted Turner, Grupo Walbrook, Benetton, Grupo Heilongjiang Beidahuang (China), and mining companies such as Vale and Gold Corp.
I open a thread about land usurpers 🧵🌳🏞️
1st Benetton Group (Italy): 900,000 hectares in Neuquén, Río Negro, Chubut and Santa Cruz. I put it in the number of times the CABA: 44. pic.twitter.com/ec2r9P0mCV
— Esteban Martine (@EstebanBMartine) November 27, 2021
But also, the DNU first with articles 41 and 48, which enables the privatization of state companiesand then the omnibus bill that establishes the list of 41 companies to be privatized (among them, Banco Nación and Aerolíneas Argentinas), represent a leap in the looting of the country, while those who emerge as the main buyers are not only “private” but foreigners, as happened with Menem’s privatizations in the 1990s. . Here everyone celebrates: banks, energy companies, mining companies, satellites, communication, laboratories and transportation capitals.
Large real estate agencies: The repeal of the rental law, contained in the articles 249 to, speaks for itself. They celebrated the Argentine Real Estate Chamber, large property owners and temporary rental agencies such as Airbnb. Contracts can be negotiated in any term and currency, under any price and update, completely abandoning 10 million tenants.
Elon Musk and satellite services: Los articles 327, 328 and 329 of the DNU deregulate satellite internet services and pave the way for the landing of Starlink, the company of American billionaire Elon Musk, who recently also expressed himself on the social network “X”, which he owns, in favor of Javier Milei. An exchange of “favors”, or rather, business. Another of the favored ones is the company DirectTV.
Laboratories: The drug law is repealed in one fell swoop through the article 264 of the DNU. Among the beneficiaries are large corporations such as Bagó, Roemmers and also Elea Laboratoriesowned by Hugo Sigman, who, among other things, has managed to profit millions of dollars from the vaccine business after the agreement between mAbxience and AstraZeneca.
Prepaid: He article 265 of the DNU allows prepaid companies to amass greater fortunes such as OSDE, Swiss Medical, Galeno, Omint, now they will be able to charge whatever they want to their affiliates. This is because it modifies the regulatory framework and eliminates prepaid price restrictions. Without the decree or its treatment by the bicameral commission of Congress yet being in force, the companies did not wait and confirmed a 40% increase in the quota the next day. The 10 largest entities concentrate 83.4% of the population. A few do business with health.
Mining and energy companies: Los articles 169 to of the DNU eliminate renewable energy regimes and annul the limits of supply contracts, among other measures, which allow new profit possibilities for transnationals such as Exxon, Chevron, Axxion Energy, Pampa Energía, TecPetrol, Lithium and all oil and mining companies.