Argentina's Javier Milei Is the Wrong Answer to the Right Questions

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Inflation, poverty, and recession were the issues that won Milei the presidency, but his policies and rhetoric do not appear to be the answer.

Argentina has the highest inflation rate in the world, owes billions of dollars to foreign creditors, and has not experienced sustained economic growth since 2011. Amid this economic debacle, the country has maintained democratic rule, which has allowed voters to switch between two main coalitions: center-left Peronism, led by former president Cristina Kirchner, and center-right Juntos por el Cambio, led by her successor in office, Mauricio Macri.

It also had less than 10 percent of senators and 15 percent of deputies in Congress, which would make any sweeping policy changes extremely difficult.Two months after taking office, the probability of his success is still uncertain. However, Milei's governing style has been revealed.

 

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