• Wed. Nov 29th, 2023

Surge in Support for Radical Candidate as Inflation and Poverty Plague Argentina


Nov 21, 2023

Javier Millay, a libertarian economist, has won the presidential election in Argentina with 56% of the votes. He is known for his eccentric personality and love for his four dogs, but he has also been popular due to his criticism of the country’s leadership. Millay’s party, “Freedom is Progressive,” only received 37 seats in the House of Representatives out of 257.

The rise of Millay in Argentine politics has raised questions about what led to his success. Some critics suspect that it was more due to the flaws of the previous government’s Minister of Economy than anything else. Despite this, Millay has been well-received by various groups in Argentina due to his promise to take a different approach than the state previously implemented.

Millay pledged to shut down government offices and fully close the central bank as part of the “dollarization” process, which was necessary due to hyperinflation that resulted in an annual inflation rate of 142%. It remains unclear how Congress will govern with Millay as president, but his promises have tapped directly into the real problems troubling Argentina while creating a narrative that suggests the current leadership does not represent the will of the people and has resulted in failed policies.

Lev Ari believes that Argentina’s economic issues are tied back to its role as a food producer, its reliance on capital that is not within the financial system, and the collapse of Peronism. The country failed to change and develop during times of economic richness in Western terms, which made it difficult for the government to effectively take control of

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