Can ‘Anarcho-Capitalist’ Javier Milei Tame Argentina’s 142% Inflation?
Summary from AllSides News Team
Self-described “anarcho-capitalist” Javier Milei’s presidential election victory in Argentina drew a surge of U.S. media attention, often reflecting writers’ apparent political leanings.
‘Uncharted path’: An AP (Lean Left bias) analysis said the “fiery” Milei — an “admirer of former U.S. President Donald Trump” — had “thrust the country into the unknown” with his “extreme” policy proposals, some of which “appear to echo those of more conservative Republicans in the U.S.”
‘Enormous hurdles to govern’: Financial Times (Center bias) Latin America Editor Michael Stott noted that Milei lacked executive experience and his “insurgent” party was “far short of a majority” in the country’s legislature. While Milei won because of his opposition to Argentina’s political establishment, Stott argued, he “now needs the support of at least part of that political class to govern.” Thus, many of Milei’s “more radical proposals” are “unlikely to see the light of day, at least in the short term.”
‘A political movement unto himself’: The Wall Street Journal (Opinion rated Lean Right) Editorial Board rejected comparisons to Trump and bashed the “failed” Peronist ideology of the Argentine political establishment. “Known for his often caustic and insulting rhetoric,” the board wrote, “Mr. Milei electrified Argentina’s desperate younger generation with his candor. But now he will have to show he can moderate his persona or risk wasting his great opportunity.” The board also blamed Argentina’s many economic problems on the policies of Milei’s opponent, who they said “tried to buy the election with handouts to voters, as the Peronists always do.”
Featured Coverage of this Story
From the LeftRight-wing populist Milei set to take Argentina down uncharted path: ‘No room for lukewarm measures’
What many deemed impossible just months ago is reality: Right-wing populist Javier Milei resoundingly won Argentina’s presidency.
The fiery freshman lawmaker’s victory Sunday night has thrust the country into the unknown regarding how extreme his policies will be following a campaign in which he revved a chainsaw to symbolically cut the state down to size.
With almost all votes tallied, Milei handily beat Economy Minister Sergio Massa, 55.7% to 44.3%. Milei won all but three of the nation’s 24 provinces, and Massa conceded even before the electoral authority began announcing the preliminary results.
From the CenterArgentina’s Milei faces enormous hurdles to govern
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...
From the RightArgentina Gambles on Milei
When there’s no real alternative, there’s no problem, as the saying goes. And that may be the logic of Argentina voters on Sunday who rejected the catastrophe of Peronist rule in favor of impulsive and charismatic outsider Javier Milei, who promised what for Argentina is the radical change of free-market economics.
Mr. Milei, a Congressman and self-described libertarian, won the Presidency in a rout with 56% of the vote to 44%. He defeated Sergio Massa, the incumbent economic minister and architect of the policies that have produced runaway inflation, declining living standards,...