The China Mail - Inflation or politics? Argentina hit by wave of looting

USD -
AED 3.672498
AFN 65.000033
ALL 80.761235
AMD 360.982284
ANG 1.789785
AOA 916.999796
ARS 1547.435951
AUD 1.426218
AWG 1.8
AZN 1.711502
BAM 1.737655
BBD 2.013789
BDT 124.482471
BGN 1.747831
BHD 0.377511
BIF 2987.543757
BMD 1
BND 1.278142
BOB 12.12307
BRL 5.452597
BSD 0.999876
BTN 94.576825
BWP 13.727633
BYN 2.983457
BYR 19600
BZD 2.010946
CAD 1.396295
CDF 2315.000375
CHF 0.817865
CLF 0.024527
CLP 965.319821
CNY 6.669803
CNH 6.66649
COP 3229.13
CRC 454.196116
CUC 1
CUP 23.996482
CVE 97.96631
CZK 21.640991
DJF 178.04787
DKK 6.66219
DOP 60.044158
DZD 136.137727
EGP 53.944098
ERN 15
ETB 164.108289
EUR 0.89128
FJD 2.243203
FKP 0.743037
GBP 0.742305
GEL 2.604999
GGP 0.743037
GHS 11.633527
GIP 0.743037
GMD 74.488904
GNF 8859.999556
GTQ 7.640777
GYD 209.490556
HKD 7.844815
HNL 26.874159
HRK 6.76901
HTG 130.993736
HUF 323.475987
IDR 18051.6
ILS 3.16671
IMP 0.743037
INR 94.45525
IQD 1515.805747
IRR 1883408.498647
ISK 121.740028
JEP 0.743037
JMD 158.490264
JOD 0.708991
JPY 158.394499
KES 129.88984
KGS 87.449305
KHR 4065.567945
KMF 440.999862
KPW 899.999961
KRW 1344.009825
KWD 0.31085
KYD 0.8332
KZT 451.907529
LAK 22510.972511
LBP 89536.844537
LKR 332.702525
LRD 169.971747
LSL 16.458322
LTL 2.95274
LVL 0.60489
LYD 6.411145
MAD 9.767223
MDL 17.932726
MGA 4516.054516
MKD 54.86112
MMK 2099.845134
MNT 3601.453525
MOP 8.0795
MRU 40.672394
MUR 46.750138
MVR 15.454973
MWK 1733.74558
MXN 18.57415
MYR 4.046102
MZN 63.910608
NAD 16.458322
NGN 1344.919545
NIO 36.791229
NOK 9.282715
NPR 151.327626
NZD 1.77647
OMR 0.384469
PAB 0.999964
PEN 3.451055
PGK 4.486835
PHP 63.009499
PKR 276.584484
PLN 3.913615
PYG 6062.867601
QAR 3.645272
RON 4.758805
RSD 104.821031
RUB 81.626861
RWF 1471.300315
SAR 3.756339
SBD 8.051718
SCR 13.753827
SDG 601.494926
SEK 9.77764
SGD 1.276798
SHP 0.745545
SLE 22.910108
SLL 20969.504398
SOS 571.481881
SRD 37.564026
STD 20697.981008
STN 21.767813
SVC 8.74869
SYP 13001.999685
SZL 16.449882
THB 33.409965
TJS 9.223662
TMT 3.51
TND 2.979992
TOP 2.40776
TRY 50.0464
TTD 6.77808
TWD 32.916898
TZS 2647.377987
UAH 45.533522
UGX 4104.696412
UYU 40.202925
UZS 11888.515735
VES 893.768974
VND 25682.5
VUV 119.655093
WST 2.783161
XAF 584.641244
XAG 0.018961
XAU 0.000242230458
XCD 2.70255
XCG 1.801979
XDR 0.707052
XOF 584.641244
XPF 105.958029
YER 236.174989
ZAR 16.3842
ZMK 9001.198566
ZMW 20.278266
ZWL 321.999592
SSP 5745.516508
MXV 2.090199
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Inflation or politics? Argentina hit by wave of looting
Inflation or politics? Argentina hit by wave of looting / Photo: © AFP

Inflation or politics? Argentina hit by wave of looting

Argentina has been hit by a wave of looting that has ratcheted up political tensions ahead of October elections as the country grapples with 113 percent annual inflation.

Text size:

Since Friday, groups of people, sometimes dozens at a time, have forced their way into supermarkets and other stores, fueled by calls on social media, authorities say.

Around 200 people, many of them minors, have been arrested for what locals call "piranha attacks" -- from the outskirts of the capital Buenos Aires, to the Patagonian city of Bariloche and the Mendoza wine region.

Images of ransacked shops have sparked memories of Argentina's 2001 financial meltdown, when a huge debt default and collapse of the banking system led to desperate scenes of looting.

But while some attribute the plundering to the current economic crisis, others see it as an orchestrated effort to destabilize the country ahead of October 22 elections.

-'Let them take what they find'-

Poverty levels in Argentina stand at 40 percent, and adding to inflation woes, the government devalued the peso by 20 percent earlier this month, prompting businesses to raise prices even further.

Raul Castells, leader of one of Argentina's "piquetero" social protest movements, said he encouraged the looting and that "the real offense" was the price of food.

"If people can't find food, let them take what they find, even if it means exchanging it afterward for food," he told the Cronica television channel.

Right-wing politicians have called for his arrest.

The looters have taken not only food but anything they can find, such as alcohol, cigarettes, clothes, and other items. One supermarket in Moreno, whose shelves were emptied, was set on fire.

On Tuesday, cabinet chief Agustin Rossi said many of those arrested had criminal records, rejecting the idea that the crimes were a "social reaction."

Security Minister Anibal Fernandez said, "this is not about people looting to feed their families," adding that some of those involved had "almost-new" cars.

He said the looting was "not spontaneous, it is not a coincidence. But we don't have reliable information to attribute it to anyone."

- 'Crack and destabilize' -

The raids come a little over a week after a presidential primary showed that brash political outsider Javier Milei was the current presidential frontrunner ahead of the elections in October.

The result shook the nation and highlighted widespread discontent with traditional parties.

"Tragic to see the same looting images as in 2001, 20 years later. Poverty and looting are two sides of the same coin," Milei wrote on social media.

"Argentina can no longer bear this impoverishing model."

A spokeswoman for the center-left presidency, Gabriela Cerruti, told Futurock radio that social media accounts belonging to Milei supporters had been "agitating" in favor of the looting.

She said Milei and right-wing candidate Patricia Bullrich had built "their public discourse based on the longing they have for democracy to crack and destabilize."

Y.Parker--ThChM