Javier Millay, a libertarian economist, won the presidential election in Argentina with an impressive 56% of the votes. He pledged to take a different approach than the state previously implemented, promising to close government offices and fully shut down the central bank as part of the “dollarization” process. This was in response to the hyperinflation that led to an annual inflation rate of 142%.
Despite his eccentric hobbies and love for his four dogs, Millay has been popular with various groups in Argentina due to his criticism and attacks against the country’s leadership. The country has been struggling with economic issues, poverty, and high inflation. However, some critics question what led to Millay’s rise in Argentine politics, suspecting that it came more as a result of Massa’s flaw as the Minister of Economy in the previous government.
Lev Ari believes that Argentina’s economic problems can be traced back to its reliance on capital outside of its financial system and its role as a food producer. The country failed to change and develop during times of economic richness in Western terms, making it difficult for the government to effectively take control of the situation or take action. Prof. Rein agrees with this assessment but also adds that Peronism played a significant role in Argentina’s current economic crisis.
Millay’s party only received 37 seats in Congress out of 257, which means Congress will have to govern with him as president. Despite this challenge, people hope that Millay can provide solutions to Argentina’s longstanding economic problems by implementing his promises aimed at addressing real issues facing the country while also creating a narrative suggesting that current leadership does not represent the will of