Argentina’s Milei faces enormous hurdles to govern

Posted on AllSides November 20th, 2023
From The Center
Emiliano Lasalvia/AFP via Getty Images

Javier Milei may have won an unexpectedly large majority in Argentina’s presidential election but the self-declared “anarcho-capitalist” faces huge obstacles to implementing his radical programme to shrink government and dollarise the economy.

Argentina’s dire state, with inflation running at 143 per cent a year, a wildly unrealistic official exchange rate and unsustainable public finances, would pose a daunting challenge for any new head of state.

But Milei, a first-term legislator with no executive experience, is far short of a majority in congress. His insurgent party La Libertad Avanza, hobbled in...

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