Fiery right-wing populist Javier Milei wins Argentina's presidency and promises 'drastic' changes

Vorastra

Vorastra

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apnews.com

Fiery right-wing populist Javier Milei wins Argentina's presidency and promises 'drastic' changes

With 97.6% of votes tallied in Sunday’s presidential runoff vote, Milei had 55.8% and Economy Minister Sergio Massa 44.2%, according to Argentina’s electoral authority.
apnews.com apnews.com

Populist Javier Milei resoundingly won Argentina's presidential election Sunday, swinging the country to the right following a fiercely polarized campaign in which he promised a dramatic shake-up to the state to deal with soaring inflation and rising poverty.
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The best result they could have hoped for. Under the current/past socialist Argentinas finances are in a worse position than South Africa.

It is a difficult fix as a Libertarian/ancap you have to cut every that's not working which is almost everything but thousands of people are employed by the state cutting too fast will just create a giant power vacuum and even more unemployment that is already a problem.

Good luck to them.
 
Vorastra said:
They're not even in the same universe.

Argentina has 142% inflation. (October 2023)
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Yeah. Not ideal.

They've been in total slow motion collapse for some time now, I can't imagine how you catch a country when it jumped off a cliff and is still falling. Can they even be saved at this point?

The legal changes that's really needed takes time that they don't have.
 
BBSA said:
I like this guy; he wants to abolish the central bank,
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This is probably the only thing I'm not on-board with. I like the South African model of a semi private central bank. There's great value in a country having its own currency and you need a central bank to issue that.

Crypto isn't there yet. And if you use dollars you are reliant on someone else's central bank, same problems, all the negatives, non of the positives.
 
rietrot said:
This is probably the only thing I'm not on-board with. I like the South African model of a semi private central bank. There's great value in a country having its own currency and you need a central bank to issue that.

Crypto isn't there yet. And if you use dollars you are reliant on someone else's central bank, same problems, all the negatives, non of the positives.
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He views central banks as inherently inflationary and detrimental to economic stability. Milei believes that central banks' ability to print money at will leads to artificial price increases, eroding the purchasing power of citizens' savings and wages. He argues that the free market, without central bank intervention, would provide for a more stable and prosperous economy.

Milei's views on central banks are rooted in his broader libertarian philosophy, which emphasizes individual freedom and limited government intervention. He believes that central banks represent an overreach of government power and distort the natural functioning of markets.

Milei's proposals for replacing central banks have varied, but he has generally advocated for a return to a gold or silver standard. He believes that fixing the value of currency to a precious metal would prevent inflation and promote economic stability.
 
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