Milei’s high-stakes bid to hobble Argentina’s centre-right
- President Javier Milei took office in 2023 amid Argentina’s inflation exceeding 200%, with inflation later dropping to 2.2% by January 2025.
- His election followed severe economic instability driven by repeated crises, excessive government spending, and weak domestic consumption.
- Milei secured a $20 billion IMF Extended Fund Facility in April 2025, including $12 billion immediately, supporting disciplined monetary policy and declining poverty rates.
- Milei’s administration dismantled antitrust policies and granted control of the world’s largest copper, gold, and silver deposits to transnational corporations, reinforcing commodity dependence.
- While early economic indicators improve, Milei faces strong political opposition and worsening media freedom, with Argentina’s press ranking dropping 21 positions in 2024.
14 Articles
14 Articles
Milei’s Reforms are Shock Therapy Argentina’s Economy Needs
From 1857 to 1930, 6.2 million Europeans, primarily from Italy and Spain, emigrated to Argentina, shaping its economy and society. By 1913, Argentina had one of the highest per capita incomes in the world, surpassing France, Germany, and Spain. In “Wealth, Poverty and Politics,” Thomas Sowell wrote, “As of 1914, foreigners — who were about 30 percent of the Argentine population — owned 72 percent of the commercial businesses in Argentina, and 82…
The risks of a new international storm
A new international blindfold could be placed on the Argentine economy. A particularly delicate question given the historical background throughout our contemporary history. The specificity of the new juncture responds less to an inadvertent “black swan” than to the unilateral determination of Donald Trump’s government to reverse, if only in part, the globalization that for decades has moved investments from the western industrial world to (thou…
An unexpected scandal that tests Milei's word
The government must have gone on the defensive in the midst of cross accusations over the fall of Ficha Cleana. They rule out that it has an impact on the Buenos Aires elections and maintain that a pact with Cristina Kirchner is “unbelievable” for society. They follow the inmates in PBA: from Grabois candidate for the “piety” of a libertarian
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