Argentina Economy Minister Massa and Right-Wing Populist Milei Head to Presidential Runoff

BUENOS AIRES, Argentina — Economy Minister Sergio Massa held the lead Sunday night in early results from Argentina’s presidential election, a surprise reflecting voters' reluctance to hand the presidency to his chief contender, a right-wing populist who has pledged to drastically overhaul the state.and put Massa in second place.

He held the first place in the preliminary vote count despite the fact that inflation surged on his watch and the currency tanked. He had told voters that he inherited an already-bad situation exacerbated by a devastating drought that decimated the country’s exports, and reassured voters that the worst was past.

He first made a name for himself with angry tirades blasting what he calls the “political caste” on television, and has gained support from Argentines struggling to make ends meet amid annual inflation of 140% and a rapidly depreciating currency. His platform also calls for reshaping Argentine culture, and he casts himself as a crusader against the sinister forces of socialism at home and abroad.

Argentines were also buying dollars and removing hard currency deposits from banks as the peso accelerated its already steady depreciation. “That there are so many people who have come to see him is something I don’t understand,” she said, noting that she intended to vote for Massa because “he’s the least worst” option.

“What madness are we living in? The madness of stupid political correctness where, basically, if you don’t recite the ‘cool socialism,’ if you aren’t ‘woke,’ then you’re violent, you’re a danger to democracy,” he said in a television interview last month.

Source: Financial Digest (financialdigest.net)

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