Topic: El Salvador's success? (Read 287 times)

It's wonderful news that it's now among the safest Latin American countries, that surely says they're doing something right. Also, considering that violence is often linked to poverty, it might imply some economic changes as well. I see that some success was due to harsh but important measures to weaken gangs, and I believe that people have the right to choose a strong leader who can introduce strong measures when there are pressing matters like gang wars.
For now, it seems difficult to measure its economic growth, but 2021 was a great year of getting out of the challenges of the pandemic, and 2022 was on par with typical annual GDP growth for this country.

The security problem of el Salvador had been a measure concern to Nayib bukele after his first tenure.El Salvador has faced too much problems,inhumane treatments,harsh and life threatening that restricted them access to freedom of movement.The situation of human security deter their way lives as citizens.
 El Salvador president have successfully completed and offered the citizens an opportunity to have bitcoin as a legal tender and he will soon make sure that he handles this security problem with ease so citizens can live without been subjected to inhumane treatments against their will.
 It

These are the figures of GDP growth in 2022/2023 for central america:


So in short Salvador had the lowest GDP growth of all the countries in the region in two consecutive years!
In order for Bitcoin to play a role in the growth to reach the median of the region they would need a return of investment of  180k per coin each year.

Basically no, economically Salvador is going backwards, Bitcoin or no Bitcoin!
Bitcoin is not a magic cure for an incompetent government, you can be pro Bitcoin and still stupid as f*** in your decision!

Some claim that he was a part of the gang underworld as well, which played a vital role in eradicating crime and gang violence. Certainly, he's not a Messiah, but so far it seems that he has solved an ongoing issue that was causing thousands of deaths and was burdening the economy in the process.
Excuse me but the user you quoted has no idea what he's talking about, this wasn't even the subject of this topic. Relative to what you mentioned, I doubt that Bitcoin had any role in payments between gang activity, cash is king in such instances.

Bukele is definitely not some sort of Messiah or anything and he has his own ulterior motives which anyone with a half-decent brain can see, but he still deserved to be re-elected since he definitely did more good than bad.

He is way, way better than filth like Kim Jong Un, Trump etc who have consistently done more bad than good during their leadership.

It seems that you don't know the condition of society and Bitcoin in the country of El Salvador, where even the El Salvador government itself has long formalized Bitcoin as a legal currency used by the public in any case in their own country. And this year the country of El Salvador has also succeeded in creating a Bitcoin learning curriculum for their school students who are generally still very young but have been able to experience the knowledge of Bitcoin in a more complete way.

Meanwhile, for any transactions that do not include transactions in prohibited goods such as drugs, people in El Salvador themselves can also freely use whatever currency they want. But when it comes to crime or drugs, of course using cash as usual will make it easier for those who do this to hide from the authorities in that country. Because as long as the country of El Salvador was led by Bukele, there were many gangs that he eradicated in order to make the country of El Salvador safer as well as continuing to organize it quite beautifully.

Government has only two major functions and any other ones are subjected to these two. And one the function is protection. It is the the duty of the government to protect his citizens for all means so if the dictator can provide adequate protection for his citizens then that is a good dictator, if he is not using it to commit genocide then let the dictator continue then the second one provision. I think the President of El Salvador is trying his best to provide and making things easy for the citizens. He provides bitcoin for all so that things would be easy.

There are some countries in the world are suffering for militias and such dictatorship government is needed to tackle those gangsters in the countries. And those guys activities affect the growth of the nation economy. And El Salvador was suffering for National Economy because of the gangsters and now that the president is dealing with the economy of the country has revived.

Last year, four or five African countries were seized by military personnels and automatically turned the governments to military governments and the citizens were very happy. And now from looking at things when the citizens were jubilating then there was something wrong in the Civilian Government. Civilian Government uses Democracy to deceive the massive to embezzle the National Funds, I will love to see a kind of El Salvador President.

I'm certainly not calling him a dictator; that's how some media websites are portraying him, and I fully disagree. On top of that, he's receiving criticism that the economy is still in a bad state, that his Bitcoin adoption scheme wasn't effective, and that billions were wasted because Bitcoin had plummeted. However, Bitcoin has now surpassed $50,000. I don't know at what price El Salvador purchased it, but there's a high chance these claims may as well be abolished now.

It's interesting, though, that the media will constantly give him crap about what he hasn't resolved yet, such as the economy, while the country is tremendously suffering from gang violence. This was the first step in fixing the economy, and it was necessary. I don't understand how it was even remotely possible to resolve the financial crisis with gangs still in place.

if it is about criminal drugs and the like, they prefer to use cash rather than bank transfers or use crypto because using cash can be used immediately and easily laundered. if it uses bitcoin, it will reduce crime. but if you fully use bitcoin, it will be troublesome for people if they shop in traditional markets and the fee for sending bitcoin is quite high so if every transaction is subject to a fee, it will be troublesome and inconvenient for the people in the country.

Sheesh this become political thread but i want to add a bit lol. Not all dictator is bad. Singapore, they become successful nation because of their dictator. And i remember thomas sankara as well, former leader of burkina faso which improved many thing there. If the dictator is genuinely have good vision for their country, it just a logical choice to be what they are because it mean less obtacles in building the nation.


This pretty much true. As i am currently in third world nation, as poverty still prevalent, we care less about thing like human right as it cannot fulfill our hungry stomach

If President Bukele were a dictator, there wouldn't have been an election in that country. He would have just gone ahead to continue his tenure indefinitely. In every country, there will always be people who either love or hate you. And that is the case with Mr Bukele. He has those who support him and those who just don't like him. I am shifting towards him being more of an authoritarian than a Dictator. He is an authoritarian for the very strict measures he has taken. When El Salvador was Kidnapped by the Criminal Gangs, nobody was defending the poor and innocent Victims, but now that Presidente Bukele is getting the bad guys, now, the world pays attention to El Salvador and even publishes bad PR about him.

The reason I'm not going into much detail regarding Bitcoin's adoption as legal tender is because there are plenty of other threads analyzing it. I don't doubt that Bitcoin has provided some sort of assistance in the economy; it's very possible; however, I believe that it wasn't what Bukele was anticipating when he introduced Bitcoin to the economy.

Bukele's approach to tackling the crime rate was harsh but justified, and I personally don't think any other approach would have such a success rate. Not only were gangs responsible for thousands of deaths, but they were also ruining the economy in a variety of ways. With it now being a safe country, the tourism sector is far more likely to boom, leading to more work opportunities for locals and increased revenues.

You don't want to talk about bitcoin adoption in El Salvador, ok. But let's use the adjective adoption, which is what has happened with the way Bukele approached his government policy on the issue of security, and he was not a genius as many people make him out to be, he was a manager who saw the main problem, and attacked it.

Bukele's genius lies in the fact that by attacking the problem of crime, his economy is looking for positive numbers,this is country that depends on tourism and commerce, which represent 70% (+/ -) It is not a country of mineral natural resources, in fact agriculture contributes only 10%. (1)

So, the security issue is or was something priority in his vision, and bitcoin, was his best marketing strategy to say; "hey, bitcoin as legal currency"...  consequently, the world responded, seriously!,Where is "the Savior," oh, sorry El Salvador,  country?

And it has managed to get investors, tourists, onlookers, and hence bitcoiners, consequently its GDP to improve. (These mentioned data above correspond to the year 2022)

On the economic level you cannot say "success" only with sensations, you have to put the numbers and El Salvador on the economic level in reference to previous years there is only the word growth, that is the adjective, if you want to add it as a synonym for success, then yes.

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^{(1):https://es.wikipedia.org/wiki/Economía_de_El_Salvador (2022)}

Source:
^{https://www.bancomundial.org/es/country/elsalvador/overview}

El-salvador has received a lot in terms of development as a result of it's bitcoin adoption, if you can locate the El-salvador bitcoin adoption thread there you will be able to see more about how the discussions on it has helped, and the people in the country has seen a tremendous mature around in every sector of their performances in the economy, this wasn't just a one time growth and development, but a continuous one.

There are many lapses in the legal and prison system in the US, therefore I don't take the US as an ideal example. There is so much corruption and inequalities in the US and other country's legal systems. If Biden or Trump's son was in prison because of a crime that has been decriminalized the US would have reviewed such laws but because their relatives are not involved people are still allowed to suffer for nothing. The US police system is highly faulty and the several cases of extrajudicial killings are shocking the country has serious issues with arms control. There are other countries with better legal systems and less crime, I think those nations should be our example, we shouldn't always see the US as an ideal society for comparison.

US incarcerates many innocent people.
US even still does death penalty

there are people still n US prisons doing time for crimes that are now decriminalised where people can now do without being arrested but those in prison are still doing time for the exact same action

heck US lets citizens carry guns but as soon as a cop sees a gun the cop has "right to defend self" and instantly kill someone for having a gun.. heck US cops even kills kids for carrying a water pistol, a phone or any object a cop mistakes for a gun

intentional murder rate(2022 stats)

         per 100,000
rank   population        death count
48      7.8                  496               el salvador
55      6.4                  21,593          america

there are 43.5x more physical murders in the US

Every political action will always have an economic reaction or impact. Bukele's reelection is a landmark event that guarantees that El Salvador will be a Bitcoin nation for another five years. Just as I stated in my post above when BBC interviewed citizens of El Salvador many of them were happy with the government of Bukele because he was able it meet their basic needs. If you have ever lived in an area besieged by violent cult groups you will appreciate the beauty of security. In such an area ruled by gang lords no fundamental human rights exist because the area is governed by murderers and rapists. The government might be violating human rights in the bid to get rid of these criminals but the people prefer government crackdowns than to allow these criminals to take control.

However, we cannot support the violation of the fundamental human rights of citizens because we want to achieve an important task. No innocent person deserves to be in prison because the government wants to get rid of criminals. I will not be happy to be in prison for a crime I didn't commit. There should be a review these the sentence and incarceration. I read that some of them were sentenced to as high as 269 years in prison and maybe some innocent citizens might have received such a harsh sentence.

The topic has turned to be more political than economics, but by looking at Maslow's hierarchy of needs, you will find that the human need for safety, food and drink takes precedence over human rights and even the individual's right to life. Therefore, you cannot tell citizens who are suffering from gangs stealing and seizing their money that they must adhere to human rights. And not demanding that the government do everything necessary to provide basic needs.


I do not know what is happening in El Salvador, but if that is what happened, it is natural to understand why Nayib Bukele was re-elected.

For some time now we have been trying to get firsthand reports from members who reside in El Salvador but it seems there is none. It is very difficult to get information from the country because international news agencies are not given the freedom to carry out investigations. The BBC was given permission this year to visit the Center for the Confinement of Terrorism (CECOT) after many years of application. In tackling this kind of brutal gangsterism that has led to so many deaths, mistakes will be made that might lead to the incarceration and even death of innocent citizens. 


Some of these international organisations are stooges of some multinational corporations that benefit from criminal activities. Some of them make more profit when a nation is going through instability. I read the BBC report and the majority of the people interviewed agreed that some persons were wrongfully detained but all of them affirmed that living conditions in terms of security have greatly improved. Many business owners had to pay heavy taxes to these gangs and failure to do that attracted severe punishment. All I desire for the country is to do periodic reviews of these arrests so that people who were wrongfully arrested can be released.       

We're not in the best position to judge, but since the people of El Salvador voted for him, it means that he has done a good job and people support him. Although his actions may look harsh to some, I personally don't see how else someone could tackle such a delicate issue when gangs were controlling over 80% of your country's land.
Indeed, there's a chance someone is wrongfully convicted, but that's not something that isn't happening in the rest of the world either. Over 7,000 people were released after initially being arrested. At least the country is finally safe.
That's true; most non-profit and human rights organizations are a plague. They're calling out for the rights of these gang members, who were the root of El Salvador's corruption and increased homicide rates that led to thousands of deaths. Yet, these organizations were absent when this was happening and the country was suffering, where were they to support the rights of those who got murdered by them?