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In Brief: Milei Wins in Argentina

November 29, 2023
In Brief: Milei Wins in Argentina
In Brief: Milei Wins in Argentina

In Brief: Milei Wins in Argentina

Ryan Berg, Anya Prusa, Adam Isacson, and Eduardo Levy Yeyati
November 29, 2023
A lot happens every day. Alliances shift, leaders change, and conflicts erupt. With In Brief, we’ll help you make sense of it all. Each week, experts will dig deep into a single issue happening in the world to help you better understand it.***Last week, far-right politician Javier Milei was elected president in Argentina on a platform that promised to slash public spending, abolish the central bank, and dollarize the economy, among much else. A self-described “anarcho-capitalist” who has garnered comparisons to former Brazilian President Jair Bolsonaro and former U.S. President Donald Trump, Milei has positioned himself as a leader for those frustrated with corruption and mismanagement of Argentina’s government and economy. We asked four experts to tell us more about the significance of Milei’s victory and what his presidency could look like. Read more below.Ryan C. Berg Director, Americas Program Center for Strategic and International StudiesThe election of Javier Milei breaks Argentina’s erstwhile political paradigm. Milei hails from neither the Peronist nor the anti-Peronist camps that have long dominated Argentine politics. Milei managed to capture the anti-establishment vote yearning for change in a country suffering a lost decade – Argentina hasn’t seen economic growth in 10 years, approximately 45 percent of the country finds itself below the poverty line, and the country will soon top 150 percent inflation. However, Milei must avoid making the mistake of interpreting his strong mandate – he presided over the largest margin of victory in Argentina’s modern democratic history – as a vote of confidence for the “anarcho-capitalism” on which he campaigned. Thus far, Milei appears to be assembling a cabinet comprised of “true believers” and others from former President Mauricio Macri’s administration. This is an early sign that Milei understands the prose of governance versus the poetry of campaigning, working to build a coalition

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A lot happens every day. Alliances shift, leaders change, and conflicts erupt. With In Brief, we’ll help you make sense of it all. Each week, experts will dig deep into a single issue happening in the world to help you better understand it.***Last week, far-right politician Javier Milei was elected president in Argentina on a platform that promised to slash public spending, abolish the central bank, and dollarize the economy, among much else. A self-described “anarcho-capitalist” who has garnered comparisons to former Brazilian President Jair Bolsonaro and former U.S. President Donald Trump, Milei has positioned himself as a leader for

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