**Key Policy Sentences Extracted:**

1.

“For me, the state is an enemy, as are the politicians who live off it,” he said.

For the first time ever, an open anarchocapitalist was elected president of a sovereign nation.

He has also authorised the sale of all Social Housing and removed all rent controls.

One obstacle is that ditching the Central Bank and making the US dollar legal tender would need approval from Argentina's Congress and could even require changing the constitution.

The minister announced a series of measures aimed at achieving a fiscal surplus in their first year in office including aggressive budget cuts and tax hikes.

Milei had warned that we would have to suffer on our way to libertarian utopia.

At the same time, he needs to continue to negotiate legislative support for his ambitious reform package, which initially seems to rest on the possibility of an “anti-Peronist” front.

Unions have promised a ‘total strike’ across the country Wednesday to protest Mr. Milei’s efforts to rein in a once-powerful central government and put Argentina on a path to prosperity.

The value of the Argentinian currency has been adjusted, contracts of public employees with less than one year of service have been terminated, and the prices of basic services and public transportation have seen notable increases.

A: Thousands of Argentinians are protesting against Milei’s proposals due to their belief that the drastic cuts to public spending will adversely impact their lives.

Despite these efforts, however, the reality of Milei’s lack of Congressional support has led him to compromise on some elements of his agenda as it makes its way through the legislative process.

“I am going to be aligned with the United States, Israel, and the free world,” he said.

**These sentences capture:**
- Milei’s libertarian, anti-state philosophy.

- His push for radical economic reforms like privatization and dollarization.

- Aggressive austerity measures and wide-reaching budget cuts.

- Political and legislative challenges, reliance on anti-Peronist coalitions.

- Mass public opposition and union mobilization in response to austerity.

- Socioeconomic impacts such as job losses and rising costs.

- Alignment with Western countries and a shift in foreign policy priorities.

These points summarize the main pillars and effects of Milei’s policy agenda, essential for analyzing how his brand of libertarianism is reshaping Argentina’s institutions, economy, and society.

Here are the **key sentences** extracted from your provided text that are most relevant to understanding President Javier Milei’s policy agenda and its impact on Argentina’s institutions, economy, and society:

---

- "Milea’s harsh statements... quickly made him very popular among young people and those Argentines who are tired of traditional politics and its predictable discourse."

- "Miley’s government calls its main task for next year a zero budget deficit."

- "Reductions also affected the state apparatus."

- "By his order, Miley dismissed all officials who came to work in 2023."

- "During the election campaign, he said loudly - blow up the Central Bank!"

- "The refusal to join BRICS, he argued that the country simply does not have the money to do so."

- "Miley, who won 55.7% of the vote, promised the country a radical change."

- "He seeks for the sake of 'freedom' to rid a person of an excess of state guardianship and supervision."

- "He promises to put the latter on trial for corruption as soon as she is deprived of her official immunity."

- "Miley is determined to change the current vector of Argentina’s foreign policy."

- "I do not want to deal with the communists of Cuba, China and North Korea."

- "Second, cancel the Argentine peso and define the US dollar as the national currency."

- "The main thing is that we will no longer wake up and see what the peso to the dollar exchange rate was yesterday and what it will be tomorrow.

And by doing so, we will end the games of socialism and the groveling before the trade unions."

- "He plans to hold a 'summit of Latin American support' for Ukraine this year - he did not disclose details."

---

These sentences highlight Milei’s **key economic reforms** (zero budget deficit, government downsizing, potential dollarization, cutting state spending), his **political and institutional approach** (anti-corruption, dismissal of recent officials, anti-socialist/union rhetoric), and his intended **foreign policy shift** (pro-U.S. and Israel, rejection of alliances with China, Cuba, and BRICS, support for Ukraine).

These measures illustrate how Milei’s libertarian and market-oriented strategies are reshaping Argentine governance, institutions, and international relations.

Here are the most important key sentences from the text regarding President Javier Milei’s policy agenda, economic reforms, and political approach in Argentina:

- “Millie is facing the minefield of the economy, politics and society of Argentina … Milley, who won a resounding victory in last October’s election.”
- “Ahead of the vote, Milley, 53, said on social media that lawmakers had ‘the opportunity to show the side of history’ they wanted to be.”
- “It came just over a week after tens of thousands of Argentines took to the streets in a major challenge to Milley’s budget-cutting policies.”
- “In support of Melli’s reforms, the International Monetary Fund (IMF) agreed on Wednesday to disburse about $4.7 billion to Argentina.”
- “He also moved to limit the right to strike enshrined in the constitution.”
- “Before the decree was announced, the new government had already devalued the Argentine peso by more than 50 percent and announced massive cuts in generous government subsidies for fuel and transportation starting in January.”
- “Milley warned that the country was on the brink of hyperinflation and that things would get worse before they began to improve.”
- “Milley’s government has forced organizers of its first protest to pay tens of thousands of dollars to cover the cost of deploying security forces to protect it.”
- “Argentina has an annual inflation rate of 140%, with about 40% of the population living in poverty.

He has pledged to cut spending by 5% of GDP in Latin America’s third-largest economy.”
- “He confirmed that the first package of measures will be presented to Parliament within days.”
- “He repeatedly raised a hacksaw during political rallies, vowing to cut public spending and the number of ministers.”
- “Once the package is approved in principle, the debate on individual laws will begin next week.

The bill must also be approved by the Senate.”
- “Milley does not have a majority in Congress and has had to conduct intensive negotiations in recent weeks to get MPs and other parties to back his bill.”
- “The Argentine currency, the peso, continues to lose more value against the US dollar, and the volume of debt is steadily expanding.”

These sentences highlight Milei’s market-oriented policies—including sharp austerity, subsidy cuts, currency devaluation, limiting labor rights, and attempts at rapid legislative reform—and illustrate the social and political resistance, institutional challenges, and potential impacts for Argentina’s future.

**Key Sentences Extracted:**

1.

"After decades of Belondism rule, Argentina is now home to the first liberal head of state in modern history, a feat that many in the media seem to have missed."

"Millet’s supporters say only he can root out the political status quo and economic woes that have plagued South America’s second-largest economy for years."

"Javier Milei, a far-right liberal economist known as 'Trump Argentina,' announced a 'shock therapy' after his election as Argentina’s president to rescue a serious economic crisis with drastic fiscal reforms, insisting that it is normal for things to get worse until concrete results are achieved, calling on people to survive the inflationary boom, and adding to a series of reforms, including the layoffs of more than 5,000 government posts, means that thousands of government employees will not be rehired."

"Among the reforms proposed by Millet are declaring the country into an economic emergency, cutting pensions and diluting labor rights."

"Argentina’s Trump was elected to scrap the central bank, switch to the US dollar and freeze relations with China."

"Mirei has promised major reforms to address the 'tragic reality' of Argentina, where up to 40% of its 45 million citizens are trapped in poverty and inflation has soared to 140%."

"Shock therapy is a radical way to curb inflation."

"He said China could be a business partner for Argentina’s private companies and that he would not interfere, but that his government would not sign agreements with the Communist Party and would not encourage relations with it."

"Some described the vote as a choice between 'the lesser of two evils': fear of Millet’s painful economic prescription and anger at the economic crisis caused by Massa and his Peronist party."

"Argentine parliament passes economic reform plan, sparks violence."

**Summary of Key Implications:**

- Javier Milei’s presidency marks a shift from decades of Peronist rule to a market-oriented, libertarian approach.

- His “shock therapy” involves radical fiscal reforms, mass layoffs in the public sector, and structural changes aimed at tackling hyperinflation, poverty, and entrenched political corruption.

- Proposed policies include abolishing the central bank, dollarizing the economy, cutting pensions, reducing labor protections, and distancing Argentina from China and other socialist-leaning partners.

- His approach has triggered public protest and social unrest, raising questions about the societal impact of rapid liberalization and austerity.

- The effectiveness and consequences of these reforms for Argentina’s institutions, economy, and society remain subjects of significant debate.

**Key Policy Sentences Extracted:**

1.

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Will Javier Milei Be Able To Blame Economy Minister ‘Toto’ Caputo Once The Going Gets Tough?

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Paradoxically, the word that appears to define Argentina’s (and the world’s) first ultra-libertarian president is pragmatism. Initially seen as a positive characteristic allowing the economist to shake off some of the fringe characters and ideas that made up his La Libertad Avanza coalition, Milei’s pragmatism could also lead to negative outcomes if his plans don’t work out.

The economist-president was smart in creating an electoral alliance with Mauricio Macri and Patricia Bullrich, along with PRO party hardliners, and later moved strategically to show independence from the former president to avoid being portrayed as a puppet, like his predecessor. He gave Bullrich the Security and Defence Ministries, minimizing Vice-President Victoria Villaruel’s power and therefore her dictatorship-denying influence, particularly over the security forces. He also sealed a deal with Luis ‘Toto’ Caputo – a leading economic figure from the Macri’s 2015-2019 administration – behind the ex-president’s back, apparently distancing himself from certain extreme measures proposed during the campaign such as dollarization and torching the Central Bank —where the economy minister’s business partner Santiago Bausili at financial consultancy Anker Latinoamerica has taken the reins.

While Caputo had fallen into disrepute, his recycling by Milei didn’t spook the markets initially, or certain sectors of society and the media that appear to have already aligned themselves with Milei. As the nascent administration begins to put its “chainsaw” austerity plan in motion, society will begin to feel the pain of the extreme measures and its tolerance will be tested, as will Milei’s and his team, at the center of which once again sits ‘Toto’ Caputo.

Toto was the first to face the music and lay out an economic plan for the Milei administration, even before the president who mustered the courage only when he announced the DNU emergency decree that came before the Omnibus law. During the first announcement, Caputo sought to deliver a didactic message that made clear the weight of the situation left behind by the Fernández-Fernández administration (“la herencia”). He looked uncomfortable, just as he did during his previous public service posts where he avoided the media and is said to have left the government suffering from panic attacks. His decision to take the “electric chair” ministry remains bewildering. The minister announced a series of measures aimed at achieving a fiscal surplus in their first year in office including aggressive budget cuts and tax hikes.

Caputo’s announcement represented the first time that Milei’s plans were laid out in any sort of detail beyond a declaration of intentions. While in line with the campaign promise of reducing the state’s obligations by more than five percent, the severity of the devaluation of the official peso-dollar exchange rate (120 percent taking it to 800 pesos) and the rest of the measures has set off alarms. Most prices have risen aggressively over the last several weeks, particularly gasoline and food, indicating inflation will spike and could persist. The December reading already hit 25.5 percent, and many expect similar numbers for January. At the same time, it is becoming apparent that forcing the “caste” to absorb the totality of the austerity plan is logically contradictory, as it inevitably affects the everyday citizen which is evident in subsidy reductions and cuts in social spending. Milei had promised he’d rather amputate his arm than raise taxes, but he’s raised export duties and the PAIS tax which pushes the value of the dollar even higher for certain transactions.

The ‘caputazo’ (as the plan is being jokingly called) replaced pure austerity with a mix of higher taxes together with spending cuts and the “dilution” of part of the deficit through high inflation. The next few months will see runaway inflation run even farther away and put intense pressure on the population, as wages and salaries fall even farther behind. Milei had warned that we would have to suffer on our way to libertarian utopia. Leftist social movements and unions have already begun to mobilize against the government, including a general strike at the hands of the General Confederation of Labor. Given Bullrich's hardline predisposition, these were peaceful marches. Will they remain so in a few months if the middle class joins in, desperate to make ends meet?

Once again, the question of Milei’s pragmatism will be front and center. Assuming the impact of his economic plan is as painful as it seems, the level of social conflict will likely rise dramatically. At the same time, he needs to continue to negotiate legislative support for his ambitious reform package, which initially seems to rest on the possibility of an “anti-Peronist” front as seen in the Senate first and at the commission level in the Chamber of Deputies later. How much will society accept that it voted Milei for an orthodox austerity plan that directly hits its purchasing-power? Will the charismatic libertarian be able to retain public support, or convince his voters that excruciating pain is a necessary condition for economic redemption? How long will Caputo resist this time? And if the plan doesn’t work, how much of the blame will Milei be able to pin on the financial trader?

At this point, we have many more questions than answers.

This piece was originally published in the Buenos Aires Times, Argentina's only English-language newspaper.

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“For me, the state is an enemy, as are the politicians who live off it,” he said.

Title:

Content: Argentina’s Javier Milei’s “Instant Democracy” and Neoliberalism

Javier Milei, YouTube screen grab.

Self-described “anarcho-capitalist,” Javier Milei became the president of Argentina in December 2023 promising “drastic” measures to temper the inflation crisis that has gripped the country. In the weeks since his election, Milei has brought forward an ambitious neoliberal restructuring program encompassing almost every aspect of the government.

Milei’s agenda confronts considerable opposition in Congress, where his governing coalition, Libertad Avanza, holds only a fraction of the seats. To adjust to these circumstances, Milei has cultivated a strategy of “turbo-politics,” bypassing legislative processes that risk delaying the implementation of his state reorganization plans.

Milei’s approach to Congress is symbolic of a decades-old strategy I have elsewhere called “neoliberal parliamentarism.” This concept describes a pattern of deliberate efforts to reform or subvert legislative institutions as a means of facilitating neoliberal reforms that do not have sufficient popular support to be actualized through usual democratic channels. These changes, even when temporary, often leave long-term scars on institutions by weakening norms of institutional forbearance.

The Emergency Decree and the Omnibus Bill

Milei has followed this blueprint, insulating the core elements of his agenda from democratic influence. The dismantling of the Argentine state began in earnest in mid-December when the executive branch presented an 83 page Necessity and Urgency Decree (NDU) aimed at repealing over 300 various laws and regulations, facilitating the privatization of core public assets.

This “mega-decree,” Milei claimed, was necessary to “start to undo the huge number of regulations that have held back and prevented economic growth”. It includes sweeping economic deregulation, such as the elimination of regulations on Argentina’s supermarket laws, which required the guarantee of low prices on basic products. It also includes measures to eliminate rent controls. Suggested labour reforms to cut pregnancy leave and increase the job probation period were suspended by the courts in January 2024.

Less than a week after issuing the NDU, the executive branch sent a massive omnibus bill titled Foundations and Starting Points for the Freedom of the Argentine People to Congress for consideration. The bill bundles the major elements of Milei’s neoliberal restructuring initiatives under the heading of a single piece of legislation with 664 articles. It will enable the government to carry out, in a matter of weeks, what would normally take years to achieve if these reforms were considered independently and subjected to the usual legislative scrutiny.

Reforms from the 351 page bill include an extraordinary provision declaring a state of public emergency on matters related to the economy, fiscal balance, social security, defence, health, and administration.

The emergency declaration delegates more than 1,000 extraordinary powers from the legislative to the executive until December 31, 2025, with the possibility of a two-year extension. This provision would enable Milei to make major reforms without having to consult Congress, thus eliminating a major hurdle to the implementation of neoliberal reforms.

Authors of the bill are attempting to facilitate the privatization of 41 state-owned companies across various sectors including energy, aviation, port administration, and agriculture. They also enable the reorganization of public administration, including embedding regulatory cuts from the NDU into law.

Additionally, the omnibus legislation proposes substantial reforms to environmental protection laws. These changes include the weakening of the Glacier Protection Law, allowing the mining of sensitive “periglacial” areas. The bill is presently being rushed through the legislative process by way of Extraordinary sessions of Congress, leading to marathon sittings during Argentina’s usual summer recess period.

“It’s impossible for people to have an idea of the enormous number of proposals Milei has sent,” said Ricardo Gil Laverda, a constitutional lawyer and former Argentine Justice Minister. “They cover dozens and dozens and dozens of laws, often on deep topics.”

To influence negotiations, Milei has threatened to put forward a non-binding referendum if the opposition parties do not agree to the main terms of his restructuring plan. Milei has also threatened to take away social welfare rights from protesters who block streets.

Despite these efforts, however, the reality of Milei’s lack of Congressional support has led him to compromise on some elements of his agenda as it makes its way through the legislative process. Although the structure of the bill remains, opposition politicians have made more than 100 changes to it, including curtailing the scope of the President’s emergency powers to one year rather than two, and retaining YPF, the national oil and gas company, in public hands, despite allowing most other state-owned companies to remain subject to privatization.

Neoliberalism and the Decline of the Legislature

Argentina is not unique. This most recent example of legislative subversion is a familiar tactic used to accommodate neoliberal restructuring, that has been utilized repeatedly by neoliberal reformers in recent decades, including the IMF-sanctioned omnibus bill rammed through Greece’s parliament in 2014.

This approach to the legislature is the consequence of the political limitations of neoliberal policy, which is opposed by considerable segments of society. A blueprint for this strategy is spelled out by former New Zealand Minister of Finance Roger Douglas in his 1993 book, Unfinished Business. The book recalls lessons from his experience implementing a neoliberal agenda dubbed ‘Rogernomics’ in the 1980s against the headwinds of widespread social and political opposition.

Douglas claimed it is “uncertainty, not speed, that endangers the success of structural reform programmes.” Neoliberal reforms should not be passed incrementally, but as a rupture, moving in “quantum leaps” to overcome popular opposition.

Democratic processes are typically slow and deliberate, designed to enable the legislative body to scrutinize the executive, foster compromise, and encourage debate. It was necessary, therefore, to streamline the democratic process to ensure that politicians could neither interfere with, nor demand meaningful changes to, neoliberal reorganization efforts.

Neoliberal governments should confront the legislature, not as an essential element of the process of democracy, but an instrument used by politicians and vested interests to interfere with the operations of the marketplace. “Speed is essential. It is almost impossible to go too fast,” Douglas said. “Once the programme begins to be implemented, don’t stop until you have completed it.”

This tactic did not occur in a vacuum, but emerged intrinsically from the content of a neoliberal theoretical framework that views democratic institutions as an additional layer of state administration to be overcome. Neoliberal thought is deeply skeptical in the capabilities of reason to infer or predict causality. Given the limitations of the mind, society should be governed, not by conscious modelling and careful planning, but according to spontaneous or “invisible hand” forms of social organization, which are the outcome of independent, unplanned individual decisions.

This position is most clearly expressed by Friedrich Hayek, who claimed that parliamentary sovereignty was in fact the “root of the evil” in modern society, since it facilitated the growth of the state. Legislatures constituted one limb of what Milton Friedman called the “iron triangle” of politicians, bureaucrats, as well as corporate and individual special interests that were perpetually reliant upon the government for rents, and therefore had an interest in obstructing market reforms.

‘Instant Democracy’ and the Rise of ‘Neoliberal Populism’

What should we make of Milei’s approach to Congress, then? Is it reflective of a new pattern in neoliberal governance, or merely the extension of an old one? The answer is both. While Milei’s approach clearly shares categorial similarities with the neoliberal legislative blueprint built for speed, his blending of these ideas with a coarse, populist rhetoric grounded in anti-statism, signifies an intensification of these patterns.

Milei’s populist neoliberal worldview contributes to a rising trend among far-right governments around the world to use this rhetoric to rationalize the subversion of democracy. This kind of “neoliberal populism” conflates democratic institutions with political actors, claiming that they are instruments of obstruction for self-serving politicians and bureaucrats.

This is a view Milei has proudly declared. “For me, the state is an enemy, as are the politicians who live off it,” he said. “We will put an end to the parasitic, stupid, useless political caste that is sinking this country.”

Grounded in the same logic as neoliberalism’s conventional demand for freedom from the state, democratic institutions increasingly appear as impediments to the logic of the marketplace. The elimination of cumbersome legislative processes, then, removes the obstacles that restrain market forces, generating popular economic independence, and restoring common-sense. This inverts the logic of democracy, making it appear as though executive rule is necessary to protect the interests of “the People” from Friedman’s “iron triangle.”

The anti-parliamentarism at the core of the neoliberal theoretical outlook has increasingly transformed into a populist program that mobilizes a general dissatisfaction with politicians against democratic institutions as such. Neoliberal politicians, such as Milei, use this reasoning to manufacture the conditions for the ongoing use of emergency powers and the concentration of authority in the executive branch.

The global elite, sensing “the smell of a big privatization wave coming,” are said to be “infatuated” with his take-no-prisoners approach to Congress. Thus, although not a new phenomenon, Milei’s brand of “instant democracy,” which conceives of speed and flexibility as the essence of legislative governance, has the support of both the financial elite as well as a growing populist dimension, giving it the hallmarks of a burgeoning political movement of the most regressive kind.

As the institutional forbearance that restrained most neoliberal governments to stay within the confines of liberal democratic constitutional structures continues to give way to a logic that sees the legislature as subordinate to the market, it is likely that we will continue to see the erosion of democratic standards.

Tom McDowell is a Lecturer in the Department of Politics and Public Administration at Toronto Metropolitan University. He is the author of Neoliberal Parliamentarism: The Decline of Parliament at the Ontario Legislature (University of Toronto Press, 2021).

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Argentina’s Javier Milei Is Looking To Bluff His Political Rivals

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And just like that, Argentina’s ultra-libertarian president, Javier Milei, sent the whole socio-political-economic ecosystem into disarray

Praised for his moderation and pragmatism during the first few weeks of his presidency, the self-proclaimed anarcho-capitalist has now put in place a series of controversial measures which have divided public opinion, generating a new iteration of Argentina’s infamous “grieta,” our very own version of the polarization that has now become the norm across the so-called ‘Western World.’ But, it’s no longer about the antagonism between Kirchnerites and their opponents, mainly represented by Mauricio Macri and the Juntos por el Cambio coalition, but about those blindly in favor of the wild-haired economist and those denouncing his every move as a diabolic, anti-democratic part of a ferocious plan to tear down the tenets of Argentine society.

Both sides seem to agree that he is executing a carefully crafted plan that will either elevate Argentina back to the lost status of “global power” of the late 19th century or ravage the nation in order put it on the chopping-block and conduct a fire sale to hand over the crown jewels to global financial elites. Those with access to the Casa Rosada tell a different story though, one of amateurism and incomplete staffing that would suggest the La Libertad Avanza coalition is acting more out of necessity than Machiavellian genius.

Milei finally broke out of his honeymoon period with those who didn’t vote for him after launching a massive package of reforms through a “decreto de necesidad y urgencia,” an emergency decree (DNU) which has become the standard practice for presidents seeking to bypass Congress and is generally used for less ambitious projects. The DNU is truly massive, with 366 articles including the repeal of multiple laws which call into question the constitutionality of the measure, even if governing via DNU is already contrary to the spirit of the Constitution and something that has happened in each of the last several administrations. It was quickly followed by the Omnibus law, equally as massive in its scope and ambition, and its capacitiy to divide the political field.

Put together by liberal economist Federico Sturzenegger, who ran the Central Bank under Macri and helds no role in the Milei-Villaruel administration until after the project was presented, the “mega-decree” was announced by national (and obligatory) broadcast several weeks in a dramatic scene that had Milei as the protagonist in the foreground and his whole team standing behind, statue-like, as the president read sternly.

Earlier that day they had scored a political victory with Security Minister Patricia Bullrich’s “anti-picket” protocol making its debut, effectively diluting the first public protest against the government. Some reports indicated there was more security than 'piquetero' protesters. Weeks later, the General Confederation of Labor united the pan-Peronist opposition in a massive march that managed to remain cordial, respecting Bullrich's protocol by trying to show political muscle in the streets.

The reform package conformed by DNU and Omnibus bill immediately generated the reaction of Milei's political opponents, along with a substantial portion of the population who took to the streets for a traditional “cacerolazo,” a protests with pots and pans reminiscent of the worst days of the 2001 crisis. There are no coincidences. Congressional leaders from the pan-Peronist Unión por la Patria coalition spoke with union strongmen from the General Confederation of Labor (CGT) umbrella union group. Members of the Unión Cívica Radical (UCR) warned of unconstitutionality and specialist lawyers indicated Milei was trampling all over the Constitution by failing to respect the separation of powers. Buenos Aires Province governor Axel Kicillof, probably the leading member of the Peronist opposition, and his government decided to ignore Bullrich’s “anti-picket” protocol claiming it violated the constitutional right to protest. A few weeks before, Economy Minister Luis ‘Toto’ Caputo unveiled the government’s initial economic plan, generating a similar reaction in the political field which didn’t seem to make its way to the general population. The situation is beginning to change and as the actual implications of the Milei administration’s actions make an impact, social and political actors will begin to respond.

There should be few doubts that one of the strongest points of La Libertad Avanza’s electoral strategy had to do with communications, particularly on social media. These early moves suggest they will try and double down, betting on the use of their skills to try and compensate for the lack of political support, despite a strong victory over both Sergio Massa and the Peronists, and Bullrich and Juntos por el Cambio. Toto Caputo, however, is known to be particularly uncomfortable with the media. His pre-recorded message several weeks ago announcing tough economic measures — many of which contradicted Milei’s campaign promises, particularly tax hikes — was delayed several times reportedly due to the need for multiple takes and Milei’s direct involvement (or maybe indirectly through sister Karina). The second measure he announced, for example, was a year-long reduction of government advertising to zero – a direct strike to the beleaguered media industry and a measure that has practically zero impact on the deficit but high popular approval. The over-dramatization of the security operation to contain a moderate-to-small protest early into the presidency, together with pictures of Milei and Bullrich supervising from police headquarters, allowed them to take advantage of the far-left Partido Obrero to score an easy win and show his electorate that they can control the streets. Yet, controlling a couple of thousand protesters is one thing. The CGT protest that brought together the political and social power of the unions remained under control, and that's a win for the government, but it was a political protest. If the middle class begins to lose its temper, and expectations, Milei could face a much more difficult scenario.

The “basis for the reconstruction of the Argentine economy” reform package could be another attempt to win the communications game and take the spotlight to appear active in the eyes of the public opinion. With absolute minorities in both chambers of Congress and several controversial reforms included in a massive package passed by Milei’s mega-DNU, it's difficult to imagine that it will quickly pass in the Chamber of Deputies, despite an early win at the commission level with the help of the former Juntos por el Cambio coalition. Furthermore, several interest groups are putting together legal arguments to dispute the issue in court, especially the labor reform which has been stayed. It could quickly make its way to a Supreme Court that has already proven eager to interject politically.

Ultimately, most, if not all, of the regulations, laws, and measures included in the decree will have to make their way through Congress and will therefore be subject to negotiations and amendments. Yet, Milei has shown initiative and wants to maintain, or extend, the popular support which took him to victory in the run-off and has already generated a circumstantial majority in the Senate to defeat the Peronist caucus and at the commissions to get the Omnibus bill past the first obstacle.

There are risks that the ultra-libertarian could prove authoritarian and anti-democratic. He’s shown some of that in the past, particularly by claiming he would govern by plebiscite if he didn’t have the support of Congress (something Hugo Chávez did to amend the Venezuelan constitution) and by picking a dictatorship denialist as his running-mate. Many of his detractors have pointed to signs that suggest Argentina could descend into a state of totalitarianism, and this emergency decree fuels their suspicion.

It’s not clear whether the conditions for such a situation are in place. For now, he seems to be bluffing his political opponents. We’ll see if someone calls his hand.

This piece was originally published in the Buenos Aires Times, Argentina's only English-language newspaper.

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For the first time ever, an open anarchocapitalist was elected president of a sovereign nation.

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Content: No, Milei Is Not A Fascist – OpEd

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By Benjamin Williams

The electoral victory of Javier Milei in Argentina was a pleasant surprise to libertarians internationally. For the first time ever, an open anarchocapitalist was elected president of a sovereign nation. Milei’s fame isn’t limited to libertarian circles, though. Right-wingers all over the world have praised him for his battle against corruption and economic ruin. He was even given a spot headlining for former president Donald Trump at the Conservative Political Action Conference 2024, one of the biggest conservative events in the United States. Currently, he is one of the most popular heads of state in the world. Quite a lot of impressive feats for someone of a heterodox philosophy.

Milei is an Austrian economist. He taught economics for over twenty years and became quite the celebrity while doing it. Argentine TV stations would bring him on to debate leftists, and these station audiences grew very fond of his intellect and crass insults toward his opponents. His debate style is a reminder of Murray Rothbard’s hilarious quote: “I’ve always been in favor of refuting the doctrine and then attacking the person; that’s not an ad hominem fallacy.”

Milei’s competence as an economist has been very apparent in his presidency. Under his guidance, Argentina has seen “two consecutive months of financial surplus for the first time since early 2011,” quite an impressive feat. Its month-over-month inflation rate went from 25.5 percent in December to 20.6 percent in January, 13.2 percent in February, and 11 percent in March. Argentina is healing. Slowly, but surely.

The Attacks on Milei

Although Argentina is seeing improvements and Milei is doing an impressive job, he is the target of near-constant attacks from leftists all over the world. Some of the most common weapons being used are accusations of “far-right” politics and “fascism.” A writer at Foreign Policy called him a “wannabe dictator,” while the World Socialist Web Site said his speech at Davos, during which he condemned fascism, was a “fascist rant.” One viral post on Elon Musk’s X read:

Javier Milei continues his fascist rampage in Argentina.

He has authorised the Privatising of all remaining State owned industries (thats his donors cashing in).

He has also authorised the sale of all Social Housing and removed all rent controls

It is going exactly as expected

It is almost a rite of passage for an Austrian economist to be labeled Far Right, fascist, a Nazi, racist, or homophobic. God knows Rothbard and Hans-Hermann Hoppe have been called those things thousands of times over. Leftists have even gone so far as to call Ludwig von Mises, a Jew who fled the Nazis, a supporter of fascism. Quite absurd. If any of these critics bothered to read into what actual fascists believed, they’d realize that these Austrian economists are the opposites of fascists in almost every way.

Milei versus Mussolini

The dictator Benito Mussolini and his close comrade Giovanni Gentile were indisputably fascists. They invented fascism, wrote fascist literature, and called themselves fascists. So it stands to reason that if you want to see if Javier Milei is a fascist, you’d compare him to these fascists. The critics never make these sorts of comparisons because they’re aware it would expose their ridiculous accusations for what they are: ahistorical and ignorant.

Mussolini viewed the state as almost something to be worshipped, with his works riddled with references to its greatness and importance. He summarized his view with the mantra, “Everything within the state, nothing outside the state, nothing against the state.” In stark contrast, Milei’s speeches, debates, and rants are filled with insults and criticisms directed at the state. One of his most famous quotes, “wipe my ass with the state,” encapsulates this disdain. Milei does not hold the state on a pedestal like Mussolini did.

Mussolini believed that capitalism was deeply flawed and needed to be abolished. In “The Political and Social Doctrine of Fascism,” he states that the state was “the force which alone can provide a solution to the dramatic contradictions of capitalism” and that fascism would replace capitalism with “a system of syndicalism.” On the other hand, Milei holds a contrasting view. He frequently praises capitalism as morally and economically superior. In his World Economic Forum speech—dubbed a ‘fascist rant’ by socialists—he declared that people should resist the state, asserting, “The state is not the solution. The state is the problem itself.”

Milei’s policies are certainly not fascist either. Mussolini’s dictatorship supported the socialization of industry, not privatization. His dictatorship mandated union membership, harshly regulated industries, and socialized over eighty firms. In 1934, he bragged that “three quarters of the Italian industrial and agricultural economy” were controlled by the state. Mussolini poured investments into social housing. In Rome alone, ninety-seven thousand apartments were built from 1924 to 1930. The fascist government built 147 brand-new towns from 1922 to 1944. In April 1934, he declared a 12 percent reduction in rents and implemented rent control that wasn’t repealed until 1978. The X post by one of Milei’s critics demonstrates that Milei’s policies are exactly the opposite of this.

The Defeat of Fascism

Milei is no fascist; if anything, he defeated fascists. Milei’s opponent in the previous election was an open Peronist. The Peronists follow the ideas of Juan Peron, who is commonly identified as a fascist or very close to one. Peron praised Mussolini and credited him for some of his philosophy as well as helped Nazi war criminals escape Europe, and his economic policies were much closer to Mussolini’s than Milei’s. Milei’s victory marks a new beginning for Argentina, a beginning where fascism is no longer the dominating ideology.

  • About the author: Benjamin Williams is a fellow with FEE’s Henry Hazlitt Project for Educational Journalism. He has produced videos and written content for many libertarian organizations such as the Mises Institute and Students For Liberty. Under the alias PraxBen on TikTok, he has amassed over 200,000 followers and 100 million views promoting sound economics and libertarianism to younger audiences. He also heads up the TikTok and Twitter accounts for FEE.
  • Source: This article was published by the Mises Institute

MISES

The Mises Institute, founded in 1982, teaches the scholarship of Austrian economics, freedom, and peace. The liberal intellectual tradition of Ludwig von Mises (1881-1973) and Murray N. Rothbard (1926-1995) guides us. Accordingly, the Mises Institute seeks a profound and radical shift in the intellectual climate: away from statism and toward a private property order. The Mises Institute encourages critical historical research, and stands against political correctness.

He has also authorised the sale of all Social Housing and removed all rent controls.

How will Milei's reforms impact workers?

What industries were affected by Milei's deregulations?

One obstacle is that ditching the Central Bank and making the US dollar legal tender would need approval from Argentina's Congress and could even require changing the constitution.

Title:

Content: Argentina election: Javier Milei's radical proposals face test of reality

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Javier Milei, the anti-establishment politician who cruised to victory in the Argentine presidential election last week, has courted intense controversy with radical, provocative policy proposals and statements.

This led many detractors of the self-styled "anarcho-capitalist" to call his candidacy a "leap into the void".

Now, with the mop-haired president-elect only two weeks away from taking over Latin America's third-largest economy, many are asking, how will his policies and positions face the test of reality?

Taming inflation takes time

Javier Milei had proposed to dollarise the economy and eliminate the Argentine Central Bank as a strategy to "kill" hyper-inflation. This meant making the US dollar the national currency in place of the Argentine peso, whose value, Mr Milei said, had been "melting like blocks of ice in the Sahara".

One obstacle is that ditching the Central Bank and making the US dollar legal tender would need approval from the Argentina's Congress and could even require changing the constitution.

Although Mr Milei convincingly won the presidency, his Libertad Avanza (Freedom Advances) movement is barely the third largest political force in Congress. This suggests difficult negotiations might be in store.

Some economists have also questioned whether Mr Milei's plans are feasible, saying they would weaken his government's ability to manage domestic monetary policy.

Having the US dollar as the Argentine currency would effectively leave interest rate policy in the hands of the US Federal Reserve. Argentina's economy would be more vulnerable to external shocks involving the US dollar, for example sudden rises in prices for oil and fuel imports, which could make internal adjustments even more painful inside the country.

Sceptics also point out that Argentina would need to have in hand the US dollars to replace the pesos. Experts believe this could require anywhere between US $35bn to $50bn which indebted Argentina currently does not have and may not be able to borrow easily.

Mr Milei himself has admitted his "shock adjustment" economic stabilisation recipe could actually take up to two years to bring down inflation. "Saying anything else is lying," he said.

A climate sceptic?

Another topic that had made media headlines was Mr Milei's apparent declaration of himself as a climate change "sceptic", that is, someone who denies the role of humans in global warming.

"I do not deny climate change. What I am saying is that there is a temperature cycle in the history of the Earth... Therefore, all those policies that blame humans for climate change are false," Mr Milei said during a presidential debate last month, causing much commentary and criticism.

In his proposed government programme, one of the numerous ministries he had said he planned to axe would be the existing environment ministry.

Such apparent climate scepticism risked putting Mr Milei sharply out of tune with an international majority of governments and leaders who plan to gather at the COP28 climate conference in Dubai soon to seek urgent solutions to the problems of climate change and global warming.

Pragmatism and the Pope

Before he was elected, Mr Milei virulently attacked Argentine Pope Francis, calling him a "Jesuit who promotes communism", and even the "representative of the evil one [the Devil] on Earth".

Such statements caused frictions with the local Catholic Church and the Vatican.

However, this antagonism appeared to miraculously dissipate only days after his election win, when Mr Milei had what he called a "very friendly" phone call with the Pope, whom he addressed as "Your Holiness", inviting him to visit Argentina in 2024.

Asked in a TV interview about this change of heart, Mr Milei conceded that, when one is president, "there are some things that require greater doses of pragmatism".

No break with China and Brazil

Before his election, Milei had signalled he could freeze ties with Brazil and China, Argentina's two top trading partners, on the grounds that he did "not make pacts with communists".

"I am going to be aligned with the United States, Israel, and the free world," he said.

Not surprisingly, this assertion caused consternation in Beijing and Brasilia, as well as in Argentina.

A Chinese foreign ministry spokesperson was quoted as warning that it would be a "huge foreign policy mistake" for Argentina to cut ties with countries such as China and Brazil.

Mr Milei's predecessor, outgoing left-wing President Alberto Fernández, had carefully nurtured ties with Beijing and had welcomed an invitation to join Brics, the China-led group which also comprises Brazil, Russia, India, and South Africa.

Experts questioned the wisdom of dismantling a relationship that clearly brought benefits to Argentina, and not only by China being a top market for Argentina's soybean, meat and grains.

China was also helping to prop up Argentina's financial reserves with a major currency swap deal - significant support for a country already heavily indebted to the International Monetary Fund (IMF).

Days after the election, however, there seemed to be clear signs that no major break in relations was planned. The president-elect received a personal letter of "congratulations and good wishes" from Chinese President Xi Jinping and Mr Milei himself made a point of thanking Xi on social media.

Mr Milei's pick for foreign minister, Diana Mondino, also dismissed as "nonsense" any suggestion that there would be a rupture in "commercial relations" with China or Brazil.

In Brazil, Mr Milei's invitation for former President Jair Bolsonaro to attend his 10 December inauguration was interpreted as "unfriendly" towards Brazil's current left-wing President Luiz Inácio Lula da Silva.

But Milei has since said Lula would be "well-received", if he wanted to come.

Dictatorship denial

Mr Milei and his vice-presidential running-mate Victoria Villarruel also ignited intense controversy during the campaign with their position regarding Argentina's 1976-83 military dictatorship.

Defying traditional positions held by Argentina's government and society for the last 40 years, Mr Milei caused outrage by contesting the generally accepted estimate of those abducted and "disappeared" in the dictatorship - 30,000 - asserting the actual number was closer to 9,000.

The candidate argued that the political violence of the 1970s in Argentina was a two-sided "war" in which "the forces of the state committed excesses but the terrorists [anti-government guerrillas] ... [also] committed crimes against humanity".

This equivalence of presentation of the two sides raised howls of protest from groups like the Plaza de Mayo mothers and grandmothers of disappeared persons.

This was just another striking way in which the Milei-Villarruel duo were trying to shake up the political status quo in Argentina. The next four years will show if they can do it.

dollarizing the Argentinian currency
closing the central bank

The minister announced a series of measures aimed at achieving a fiscal surplus in their first year in office including aggressive budget cuts and tax hikes.

What issue did Milei want to address without printing money?

Milei had warned that we would have to suffer on our way to libertarian utopia.

At the same time, he needs to continue to negotiate legislative support for his ambitious reform package, which initially seems to rest on the possibility of an “anti-Peronist” front.

Unions have promised a ‘total strike’ across the country Wednesday to protest Mr. Milei’s efforts to rein in a once-powerful central government and put Argentina on a path to prosperity.

Title:

Content: Argentina’s New Libertarian President, Javier Milei, Is on a Collision Course With His Country’s Powerful Labor Unions

Unions have promised a ‘total strike’ across the country Wednesday to protest Mr. Milei’s efforts to rein in a once-powerful central government and put Argentina on a path to prosperity.

Argentina’s new Libertarian president, Javier Milei, is on a collision course with his country’s powerful labor unions, a conflict that will come to a head Wednesday when the unions have promised a nationwide “total strike” to protest austerity measures enacted by Mr. Milei since he took office last month.

Union leaders speaking to the Financial Times say they expect as many as 200,000 people to take to the streets of Buenos Aires because the new president is “breaking the social contract” by passing an emergency decree that rolled back worker protections, deregulated many industries and began allowing employees to opt out of union-provided health care.

Around 40 percent of the country’s 13 million workers belong to labor unions that have for decades enjoyed considerable political clout under successive governments headed by leaders of the Peronist movement launched by strongman Juan Peron in the 1950s. That power evaporated overnight when Mr. Milei moved into the Casa Rosada, Argentina’s equivalent of the White House, on December 10.

The leader of Argentina’s Construction Workers Union, Gerardo Martínez, told the Financial Times that he hopes the strike —the earliest ever faced by a newly elected president — will force Mr. Milei to roll back some of his reforms and come to the bargaining table with the unions.

“We are aware that inflation [needs to come down.] We are embarrassed to have a country with this level of poverty,” Mr. Martínez said. “But we can’t accept that the cost of reaching economic stability falls solely on the backs of workers and the middle class.”

The tousle-headed Mr. Milei, who famously brandished a chainsaw during the campaign while promising to slash government spending and eliminate entire departments, has made good on some of those promises early in his tenure. He has slashed energy and transport subsidies and sent a bill to Congress that would privatize many of Argentina’s poorly managed state-run enterprises.

Mr. Milei already has backtracked on other issues, however, in an effort to secure the support of moderates in Congress, including taking off the table a plan to privatize the state-run oil giant, YPF.

While perhaps not exactly enamored by some of his fellow countrymen, Mr. Milei has become the darling of international free-marketeers since his full-throated defense of capitalism and the power of entrepreneurship to lift countries out of poverty during the annual World Economic Forum at Davos last week.

In a speech that has since been translated into dozens of languages, Mr. Milei stunned the normally left-leaning audience at Davos by blaming the decades of economic malaise that has plagued Argentina on the “collectivist” policies of his predecessors. Government, he said, is not the solution to what ails societies. Government is the problem, he said.

“The case of Argentina is an empirical demonstration that no matter how rich you may be, how much you may have in terms of natural resources, how skilled your population may be, how educated, or how many bars of gold you may have in the central bank — if measures are adopted that hinder the free functioning of markets, competition, price systems, trade and ownership of private property, the only possible fate is poverty,” he said.

As much as 40 percent of Argentina’s population is described as living in poverty, and inflation is currently running at a rate of 211 percent annually, the highest rate in 32 years. In Latin America, only Venezuela faces worse inflation than Argentina.

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How will Milei's reforms impact workers?

Who has opposed Milei's proposed layoff order?

The value of the Argentinian currency has been adjusted, contracts of public employees with less than one year of service have been terminated, and the prices of basic services and public transportation have seen notable increases.

Title:

Content: Streets of Argentina Ablaze with Dissent as Milei’s Controversial Reforms Ignite Outrage

In a stunning turn of events, Argentina has become a battleground for public discontent following President Javier Milei’s introduction of a series of controversial proposals. Thousands of Argentinians have taken to the streets, enraged by the president’s push for drastic cuts to public spending.

Milei’s latest measures, unveiled on Wednesday evening, aim to revolutionize Argentina’s struggling economy through a variety of initiatives. These include deregulating the government and opening up state-run industries for privatization in order to spur both exports and investment.

However, the people’s outrage has manifested in widespread protests, often met with a heavy police presence. Gathering in front of the Argentine Congress, hundreds of demonstrators made their opposition to Milei’s proposals known.

Undeterred by the dissent, Milei appeared on national television to defend his agenda and offer reassurances of a prosperous future. He asserted, “Our objective is to rebuild our nation, restore individual freedom and autonomy, and dismantle the myriad of regulations that have impeded our economic growth for far too long.”

Acknowledging the mounting protests, Milei’s security minister, Patricia Bullrich, announced new measures aimed at maintaining public order. These measures grant federal forces the power to disperse protesters blocking streets without requiring a judicial order, and authorize the police to use video or digital evidence to identify and hold accountable those obstructing public thoroughfares. Moreover, the legislation empowers the state to apportion the costs of mobilizing security forces to the protesters themselves.

Milei’s presidential victory was built upon a campaign centered around reducing public spending. Since assuming office, he has already made significant changes to the country’s financial landscape. The value of the Argentinian currency has been adjusted, contracts of public employees with less than one year of service have been terminated, and the prices of basic services and public transportation have seen notable increases.

FAQ:

Q: What are President Milei’s proposals?

A: President Milei’s proposals include deregulating the government and allowing the privatization of state-run industries to boost exports and investment.

Q: Why are Argentinians protesting?

A: Thousands of Argentinians are protesting against Milei’s proposals due to their belief that the drastic cuts to public spending will adversely impact their lives.

Q: How is the government responding to the protests?

A: In response to the protests, the government has announced new measures to maintain public order, empowering federal forces to disperse protesters without a judicial order and enabling the identification of those obstructing public thoroughfares through video or digital means.

Q: What changes has Milei already implemented?

A: Since taking office, Milei has adjusted the value of the Argentinian currency, terminated contracts of public employees with less than one year of service, and increased the prices of basic services and public transportation.

(Sources: Information gathered from local news outlets)

How will Milei's reforms impact workers?

A: Thousands of Argentinians are protesting against Milei’s proposals due to their belief that the drastic cuts to public spending will adversely impact their lives.

What does Milei promote in terms of healthcare and education?

Individuals to pay for their own services

suspended 366 decrees to ease economic controls and reduce spending.

Who has opposed Milei's proposed layoff order?

Despite these efforts, however, the reality of Milei’s lack of Congressional support has led him to compromise on some elements of his agenda as it makes its way through the legislative process.

“I am going to be aligned with the United States, Israel, and the free world,” he said.

What are some of the "liberal democracies" that the Milei administration prioritizes partnerships?

**These sentences capture:**
- Milei’s libertarian, anti-state philosophy.

What does Milei promote in terms of healthcare and education?

Individuals to pay for their own services

- His push for radical economic reforms like privatization and dollarization.

What economic issue did Milei want to address?

- Aggressive austerity measures and wide-reaching budget cuts.

- Political and legislative challenges, reliance on anti-Peronist coalitions.

- Mass public opposition and union mobilization in response to austerity.

Who has opposed Milei's proposed layoff order?

- Socioeconomic impacts such as job losses and rising costs.

- Alignment with Western countries and a shift in foreign policy priorities.

What are some of the "liberal democracies" that the Milei administration prioritizes partnerships?

Why did Milei announce plans to withdraw Argentina from Mercosur?

These points summarize the main pillars and effects of Milei’s policy agenda, essential for analyzing how his brand of libertarianism is reshaping Argentina’s institutions, economy, and society.

Here are the **key sentences** extracted from your provided text that are most relevant to understanding President Javier Milei’s policy agenda and its impact on Argentina’s institutions, economy, and society:

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- "Milea’s harsh statements... quickly made him very popular among young people and those Argentines who are tired of traditional politics and its predictable discourse."

Title:

Content: Ribbon
January 10 15: 42
All news
Federal News Agency /
Javier Miley is the most eccentric figure of modern Argentine politics.
A convinced libertarian, Doctor of Economics, a follower of the Austrian school, a member of the Argentine Congress from the Freedom, Forward! coalition, during the 2021 election campaign, he promised voters to abandon the parliamentary salary, which currently amounts to 205,000 Argentine pesos (due to the gap in quotations of the official and unofficial dollar exchange rate, in rubles this amount can be from 73 to 140 thousand).
The newly minted deputy kept his promise - on January 12, his first salary will be raffled in the "lottery".
On a specially created site "My Word" has already left more than 250 thousand applications for participation in the draw.
To date, the counter has recorded a million two hundred thousand visits.
A special correspondent of the FAN international editorial office in Argentina tells about the eccentric initiative of the newly minted parliamentarian.
“Let it all be decided by chance. ”
The only requirement for those who want to participate in the drawing of the deputy salary is to be over 18 years old and not to be legal entities.
Sufficiency, political beliefs, gender, profession - all this does not matter.
People simply upload their passport data and get a certain number that will participate in the draw.
“I refused the idea of targeted donation, because it is too common political ploy, ” Milei said at a meeting with Argentine media. – I believe that it is immoral to manage in this way with state (that is, not belonging to me) money.
It goes against my philosophy of life.
Let everything be decided by chance, and my participation in this will be as neutral and detached as possible. ”
The recording will be open until 10 am on January 12.
And at 19.00, at the next open lesson of the “popular economy ” – which Javier Miley is going to hold right on the beach in the resort town of Mar del Plata – the winner will be announced in the presence of a notary.
All his subsequent salaries, the deputy promises to play in the same way.
Miley at the point of attack
Javier Miley claims to be an anarchocapitalist and a supporter of minarchism (Political ideology, which involves the involvement of the state only for the protection of life, property and contractual relations. – Note FAN).
The son of a housewife and a bus driver, he came into politics from academia and the “elite ” stratum of Argentine economists — with experience in the Association of Private Pension Funds (AFJP), the Argentine branch of HSBC Holdings plc, the WEF and private financial institutions.
In the parliamentary elections of 2021, Milei ran for deputy in the capital district and scored 17.04% of the vote.
This is a very significant result for an independent candidate who began his political career almost before the elections and, as he himself says, “completely by accident ” – as a result of a skirmish with a representative of the ruling party during a round table on one of the Argentine TV channels.
Milea ’ s harsh statements (as well as the leather jacket in which he went to meetings with voters and debates with opponents) quickly made him very popular among young people and those Argentines who are tired of traditional politics and its predictable discourse.
Milea ’ s “fan club ” was not frightened by the abundance of numbers in his speeches, nor by the eccentric candidate ’ s love for complex concepts, which he generously subdued with obscene expressions; nor by the promise to“ burn the Central Bank ” (perhaps this is his only election promise that has not yet been fulfilled).
“In my first month in Congress, I managed to do what I told my constituents.
On December 9 (this is officially recorded), I stopped working in the private business in order to completely exclude possible interference with my parliamentary activities.
I voted against subsidies.
He opposed a new tax on private property, precisely because he promised not to vote for creating new taxes or raising old ones.
He signed the draft law on the reduction of VAT.
And now I will play my salary – because I also promised, ” Milei said.
From Love to Hate
Although Miley and his Freedom Forward party are formally in opposition to the ruling Frente de Todos coalition, the opposition Juntos por el Cambio party does not always share the position of an eccentric economist, especially on key issues.
So, his decision to refuse the deputy salary caused indignation from another deputy - Sabrina Ahmechet, who also represents the capital district in the lower house of the Argentine parliament.
“What does he live on and how is he going to pay the bills? ” asked Sabrina indignantly on Twitter, and immediately clarifies his position.
After all, if not, then only the rich will be engaged in politics, as was mostly the case in the 19th century. ”
Another parliamentary lady, Patricia Bulrich, who heads the coalition “Together for Change ”, Javier Miley clearly favors.
One way or another, the more active the polemics, the more brightly the figure at the center of the discussion is highlighted.
And the more political capital that Miley will surely find where to invest in the medium and long term.
Go back
Comment

- "Miley’s government calls its main task for next year a zero budget deficit."

Title:

Content: December 28, 14: 30
Opinions
“No money ”: the new President of Argentina introduced the first economic reforms
Elena Kondratieva about the shock measures of Javier Miley in a country with 40% poverty
President of Argentina Javier Miley
Argentina ’ s new president, Javier Miley, in his first speech as head of state, warned the country of the need for shock measures, and in December the first phase of his plan to save the economy took shape.
True, it does not contain many election promises and there are things absolutely opposite – the new government is going to raise export duties and taxes contrary to the ideals of libertarianism, which the Argentine leader calls himself a representative of.
The authorities attribute the inconsistencies to the difficult economic situation, which requires the adoption of unpopular measures.
Both Miley and his economy minister, Luis Caputo, said the measures they were taking ran counter to their beliefs.
But, according to them, this is the lesser evil – on the other side of the scale they call hyperinflation and catastrophic impoverishment of the population.
On the third day of the government, December 13, Caputo announced the first steps of the new government, including a devaluation - the official rate of the dollar soared from 366 pesos to 800 pesos.
Currency restrictions in force in the country since 2019 have been maintained.
The authorities admit that there are no conditions for their cancellation until the government solves the problem with the debt instruments of the Central Bank.
Nevertheless, the devaluation, stronger than many experts and ordinary people expected, allowed to narrow the gap between the official and the so-called blue exchange rate, which is used in the informal exchange market.
Today, the latter is about 1,000 pesos per dollar.
About the same time he was on the eve of the announcement of Caputo.
The devaluation, combined with the end of the programs of freezing of prices, spurred the already high inflation.
According to experts, by the end of December it will be about 30%.
In November, the price increase was 12.8%.
Miley ’ s government calls its main task for next year a zero budget deficit.
The task is extremely ambitious, given that in October the International Monetary Fund (IMF) predicted that Argentina, with the necessary reforms, will be able to reach a surplus budget only by 2028.
To achieve this goal, the new government, apparently, will have to work hard with the same chainsaw, which has become a symbol of Miley ’ s election campaign.
In the course of the election campaign, the president has already emphasized that the state and the so-called caste, the establishment of the country, will pay for his spending reduction program, and "people will not be touched."
As the first measures show, this principle has proved to be very broadly interpreted.
So, among the first measures, Caputo announced the gradual abolition of subsidies for electricity, gas and public transport.
Today, Argentinian households with low and middle incomes pay about 15-20% of the cost of electricity.
According to the plan of the authorities, the subsidies will be completely abolished by December 2026, but in 2024 they are going to spend $2.5 billion less on them.
Transportation subsidies are expected to save $1 billion next year.
Another article for saving will be government orders for infrastructure projects.
The government promises to abandon them completely.
“There is no money ” is a phrase that Miley constantly repeats and which his supporters print on T-shirts.
Reductions also affected the state apparatus.
The government of Miley changed the number of ministries from 18 to 9, almost halved the number of departments and announced the termination of more than 5 thousand labor contracts concluded in 2023.
Reforms signed by the President
The next step of the Mileus government was an emergency presidential decree, which was signed on December 20.
The Argentine Constitution gives the Head of State the power to change legislation without the prior approval of Parliament in an exceptional situation.
Miley, under this pretext, decided to include in the decree more than 300 articles that cancel or amend existing laws.
The head of state called the main goal of the document deregulation of the economy
For example, the government abolished price controls, including on food and health insurance programs.
Suppliers of the latter after the publication of the decree have already announced an increase in the cost of services by 40%.
Introducing his decree, Miley said that the state will no longer be able to restrict exports.
Deregulation also affected the aviation industry, the rental market, labor relations, tourism and various industries, including wine and sugar.
Some paragraphs raised serious questions about the justification of their inclusion in the emergency decree.
Thus, the document gives football clubs the right to become joint-stock companies.
Miley himself in an interview with LN + explained the need for this item by the fact that the measure will attract foreign investment to the country.
For the sake of investment, the government also repealed a law restricting the ownership of land by foreigners.
The decree is due to come into force on December 29 and can only be repealed by parliament if both chambers vote in favor.
It is not yet clear what will happen to the bill in Congress.
Miley's "Freedom Comes" coalition holds 37 of 257 seats in the Chamber of Deputies and 8 of 72 in the Senate.
They have allies in the opposition, mainly in the Alliance Together for Change (24 senators and 93 deputies), but they may not be enough.
The public also met the decree ambiguously, although Miley himself believes that he can successfully bring it to a referendum if blocked by parliament.
After the announcement of the reform in different parts of the capital, there was a noise from blows to pots - a traditional form of protest in Latin America.
In addition, opposition to the decree was expressed by the largest trade unions in Argentina, not excluding the strike, restrictions on which, incidentally, were imposed by the signed decree.
Mega-bill
Miley ’ s government completed the month with the introduction of a bill to parliament with a package of reforms covering not only the economy, but also criminal law, as well as electoral law, health care, education and defense.
In total, the document contains more than 660 articles.
Especially for its consideration, the executive branch convened an extraordinary session of parliament, which will last from December 26 to January 31.
Among the proposed reforms, I will highlight the increase in export duties.
In his first speech as head of state, Miley promised that the tightening of belts will fall on the shoulders of the state, not private business.
Nevertheless, the first package of bills included the establishment of a duty of 15% for agricultural products, which are now not subject to fees, and an increase from 31% to 33% of the duty for flour and oil.
The authorities promise to subsequently cancel the fees from exporters, but for now the government, they say, needs funds to get rid of the budget deficit.
There is no deadline for the fulfillment of the promise made to exporters.
The bill also included a tax amnesty and the privatization of 41 state-owned companies, including oil and gas YPF, airline Aerolineas Argentinas, Banco Nación Bank, geostationary communications operator ARSAT and railway company Ferrocarriles Argentinos.
Miley noted that the YPF process will take place after reforms within the company, which should increase its value.
This will be his second privatisation.
In 2012, the government of Cristina Fernández de Kirchner decided to return YPF into the hands of the state, expropriating 51% of the shares of the Spanish company Repsol under the pretext of insufficient investment in the country ’ s oil and gas sector.
The conflict with the Spaniards was settled by the payment of compensation in the amount of $5 billion back in 2014, but in 2023 the consequences of the expropriation made themselves felt again – in September, the court of the southern district of New York ordered Argentina to pay $16 billion to the Burford Capital fund, which bought the bankrupt after the nationalization of the company, which owned 25% of the shares of YPF.
Miley ’ s emergency decree stated that the state ’ s share in Aerolineas Argentina ’ s shares would be transferred to its employees.
After that, the country ’ s largest airline, which has also been through privatization and renationalization, will stop receiving support from the budget, thanks to which, in particular, air traffic on not the most popular routes was maintained.
Given the emergence of new competitors in the context of deregulation of the aviation industry, Aerolineas Argentina is likely to be forced to reduce the number of destinations in the country.
At the same time, despite the declared "No Money", the bill provides for a reduction in tax on personal property and exemption from tax on the sale of real estate purchased before 2018.
Where to find money
The bill also included a painful topic for Argentina's foreign debt.
The government proposes to abolish the rule that obliges the executive branch to obtain permission from Parliament to issue dollar bonds in excess of the amount specified in the budget.
Argentina ’ s debt remains an acute problem for the country.
On December 21, the country made another payment as part of an agreement to settle its debt to the IMF.
The loan was issued to the country at the request of Mauricio Macri, who in May 2018, as head of state, turned to the IMF for help against the background of a sharp fall in the national currency.
The funds for the December tranche of $921 million to Argentina were provided by the Andean Development Corporation (ACR).
The country cannot afford to pay from its own reserves.
Already in the period from January 9 to February 1, 2024, Argentina will have to make new payments totaling more than $2.8 billion.
The government is trying to negotiate with the fund to change the agreement, but this does not negate the need to find funds to repay the payments.
One of the sources could be the $6.5 billion currency swap that China has promised to provide to the past government of Argentina.
The Miley administration is trying to gain access to it, but there seems to be little progress so far.
The situation for Argentina is complicated by the numerous statements of Miley and members of his coalition about relations with China.
During the election campaign and after the election, the head of state repeatedly said that he did not intend to promote relations with Beijing, because he did not want to do business with the Communists.
In addition, the foreign Minister of Argentina Diana Mondino said that the country will not enter the BRICS, where it was accepted at the end of the August summit of the group.
Beijing may also be concerned about the Miley administration ’ s refusal to accept government orders for infrastructure projects that fall under the purview of Chinese investors.
After taking office, Javier Miley and his team tried to mitigate past statements.
The new administration invited Chinese President Xi Jinping to the inauguration, which took place on December 10.
He himself, however, did not come, but Miley held a meeting with the Chinese delegation and sent a letter to the Chinese leader, in which he asked him to help gain access to the currency swap.
Another source of financing for Argentina could be the New Development Bank (NDB) of the BRICS, a formal application for accession to which was submitted in October by the then President of the country Alberto Fernandez.
However, the Miley administration apparently decided to freeze the process, since at the end of November Mondino said that Argentina was unable to join the NDB due to the inability to contribute capital.
It is possible that the government of Miley will decide to change its position, but so far this has not been reported.
Several Argentine experts in conversation with me complained that the Latin American country cannot afford to be guided by ideological prejudices in foreign policy, and regretted the missed opportunities in refusing to develop relations with China and BRICS.
Ghostly light at the end of the tunnel
It is possible to evaluate the reforms proposed by Miley differently, but we can definitely say that the Argentines in the coming months will have a hard time.
The government itself recognizes this.
In his first speech as head of state, Javier Miley openly said that the shock measures he proposed would lead to higher unemployment and poverty, as well as lower economic activity and real wages, but then "there will be light at the end of the tunnel."
At the same time, Miley does not call the timing of the onset of a bright
In an interview after the election, he said that it will take at least a year and a half to solve the problem of inflation.
In recent weeks, members of the administration have refrained from making any predictions, promising only to support the most vulnerable segments of the population and to do everything possible to ensure that the period of decline in economic activity passes as quickly as possible.
It remains an open question whether the residents of the country, where, according to the National Institute of Statistics and Census Indec, the poverty rate is already 40%, will have enough patience.
The opinion of the editor may not coincide with the opinion of the author.
The use of the material is allowed subject to compliance
of rules
citations of the site tass.ru

What issue did Milei want to address without printing money?

- "Reductions also affected the state apparatus."

- "By his order, Miley dismissed all officials who came to work in 2023."

Title:

Content: Areas of instability: what is happening in South America today
Problems in the US Backyard
“Depending on how you call these disputed territories, you can understand whose side you are on in this long-standing dispute, ” the experts joked.
In 1883, the Falkland Islands were occupied by the United Kingdom.
Their inhabitants, by the way, in the referendum of 2013 wished to remain subjects of the then Her Majesty.
Argentina, in turn, tried in 1982 to regain control of its Malvinas Islands.
The fighting lasted 74 days.
Nearly 1,000 soldiers were killed.
The victory of London.
And now, after almost 40 years, Buenos Aires seems to be ripe for revenge.
All this new Argentine President to begin with politely offered to discuss the British.
They say that Hong Kong was transferred to China in 1997.
In response, however, he received a strong refusal.
But neighbors in the region - in particular, Venezuela - with both hands for the triumph of historical justice.
In general, the words “bluff ” and“ outrageous ” can describe everything that Javier Miley, who took office a month ago, does.
The first under the administrative saw were employees of the state apparatus.
By his order, Miley dismissed all officials who came to work in 2023.
Who will implement the "great reforms" of the Argentine president, and there are about 300 of them, even experts do not really understand.
In the "basket" went the majority of benefits, social payments and government contracts.
The state will not build kindergartens, schools, hospitals and roads.
And we don ’ t need all this in a country of “victorious libertarianism. ”
It was with this program that Miley went to the elections.
Maximum of freedom.
minimum of regulation.
As they say, get it, sign it.
“First of all, he is referring to economic freedoms on the principle of“ the market will regulate everything. ”
But we know well even on the example of our country, when this slogan sounded in the early 90s, that the market can not regulate everything, ” said Lazar Heifetz, Doctor of Historical Sciences.
The main instrument of Miley ’ s economic program is artificial devaluation.
54% immediately.
That is, the already weak national currency was literally thrown into the abyss.
Argentina ’ s pride, its national treasure and its people ’ s favorite product, meat, is the most visible indicator of economic change.
“I have two dogs, and I usually bring them meat cuts.
They both ate a kilogram each day.
It's over now.
Two weeks ago, I was paying 2,300 pesos per kilo.
Last Friday it was 3000 and today it is 4000!
In a short time, meat has risen by 65%.
I ’ ve been working for 25 years and I ’ ve never seen it, ” says butcher Sergio Gomez.
According to Miley himself, his program will bring results at best in 10 years.
It's not guaranteed.
During this time, Argentina may lose not only what is left of the national economy, but also natural resources.
No wonder there are so many people dissatisfied with this policy.
However, on them the supporters of "universal freedom" the government was found.
And this is not self-regulation, but old-fashioned administrative measures.
We started an audit in foreign policy.
Here, the pace is more modest.
The UN Miley called it a “useless thing. ”
With China and Brazil, contrary to election promises, did not break economic and trade relations.
The refusal to join BRICS, he argued that the country simply does not have the money to do so.
Finally, the fiery alliance with the United States did not happen either.
Washington is clearly not eager to take another dependant.
"During the election campaign, he said loudly - blow up the Central Bank!
We look at the composition of the government and see that he has appointed the chairman of the Central Bank.
However, this position was not assigned to the author of the idea of dollarization, but another person.
This indicates that Miley and his economic team will not insist on dollarization in the near future.
“Electoral promises, especially from populists like Javier Miley, are one thing, and real politics, including foreign policy, is a little different, ” Heifetz said.
Here and observes the world for what is happening as a fascinating Latin American series.
The eternal antagonists Batman and Joker were seen on the streets of the capital of Ecuador.
It also reminds me of a blockbuster.
In this case, a thriller.
A state of emergency has been declared in the country.
In front of a multi-million audience, armed thugs burst into the studio of the final program.
Shot at one of the cameramen.
The other has a broken arm.
Through the leading intruders put forward their demands to the authorities.
The hostages were eventually released, but several prisons remain seized.
The prisoners revolted.
It all began with the escape from custody of the leader of one of the criminal groups “Los Choneros ”.
Jose Adolfo Macias, nicknamed Fito.
And if the military managed to take control of the situation in the capital, the residents of port cities are still afraid to go out.
In fact, the Mafia has declared war on the government.
The dead, including police officers, are more than 10.
"Unfortunately, Ecuador has recently held a record for the number of murders.
It is a country where there is a lot of violence.
And even if you remember the last presidential election, a presidential candidate and another parliamentary candidate were killed.
So, basically, it all came together.
It is also a big blow to the government.
Because President Daniel Noboa came in with a crime-fighting program.
A very tough fight.
Creation of mega-prisons, ” said Dmitry Rozental, acting director of the Institute of Latin America of the Russian Academy of Sciences.
Like the Argentine president, Noboa has been in power for less than a hundred days.
But already managed to make a lot of management mistakes, experts emphasize.
The security services were not ready for the mutiny.
While the mafia all long and carefully planned.
And now, instead of throwing all his strength to solve domestic problems, Noboa is trying to flirt with the United States.
Quito will give Washington allegedly “old ” Russian equipment worth $200 million.
The United States, in turn, will send it to Kiev.
Moscow has already called such actions of the Ecuadorian authorities unfriendly.
According to Colombia, it was the US policy that provoked the unrest in Ecuador.
On the turn and other countries of the continent, experts are sure.
Problems, like a snowball, will only increase.
“I think that Latin America is already a hotbed of instability, given that the domestic political situation in many countries is very difficult.
For the US, control of Latin America is key in terms of ensuring its own national security, and the Americans, of course, seek to influence the countries of Latin America.
They try to put pressure on them.
Remove non-regional actors from the region.
Like China and Russia.
Another question is how well they do it.
The world has changed, it is not the same as it was in the 80s of the 20th century, ” concluded Rosenthal.
Old methods like color revolutions or puppet governments no longer work.
And while Washington is busy with Ukraine and the Middle East, the sparks of a big geopolitical fire are burning brightly in its backyard.
Matvey Shestakov, TV Center
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The main thing today
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Anti-terrorist operation in Ecuador
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- "During the election campaign, he said loudly - blow up the Central Bank!"

- "The refusal to join BRICS, he argued that the country simply does not have the money to do so."

- "Miley, who won 55.7% of the vote, promised the country a radical change."

Title:

Content: The political program of the elected President of Argentina Javier Miley will lead the country to disaster, said the Chairman of the Federation Council Commission on information policy and interaction with the media Alexei Pushkov.
Cristobal Basaure Araya / Global Look Press
Javier Miley
He noted that Miley, who calls himself a “libertarian anarcho-capitalist ”, proposed replacing the Argentine currency with the US dollar, sending people to prison for any violation and selling organs in case of lack of money.
In addition, Miley opposed the participation of Argentina in the BRICS, and her friends announced the United States and Israel.
“Something suggests that his right-wing libertarian program could lead Argentina to a final catastrophe, ” the senator wrote in his Telegram channel.
Pushkov added that mostly their votes for Miley were given by young people who have no guidelines or beliefs, “with iPhones instead of brains. ”
Such young people, according to him, vote “do not understand for whom ”.
He also recalled that, according to the biographer Miley, an unmarried and childless 52-year-old politician through a veterinarian medium communicates with his dead dog.
As reported by IA Regnum, the far-right politician, the opponent of Argentina's entry into the BRICS Javier Miley won the presidential election, the second round of which was held on November 19.
Miley, who won 55.7% of the vote, promised the country a radical change.
He expressed his commitment to “democracy, free trade and peace ” and his intention to cooperate with“ the countries of the free world ”.
Miley will officially take office as head of state on December 10.

- "He seeks for the sake of 'freedom' to rid a person of an excess of state guardianship and supervision."

Title:

Content: Archive | Countries | Persons | Catalog | News | Discussions | Jokes | Contacts | PDA
| Central Asia | Afghanistan | Kazakhstan | Kyrgyzstan | Tajikistan | Turkmenistan | Uzbekistan |
News & Events
|
Monday, 04.09.2023
19: 06 Putin refused Erdogan to resume the “grain deal ”.
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18: 17 Rishi Sunak can not stop the fall of Tory popularity, - Dim.Moiseev
18: 14 Fourth school director detained in Bishkek for illegal fees
17: 54 Washington Post: Why Burn the Quran?
All idiocy can make sense...
17: 52 Putin will continue hookah diplomacy with Erdogan, - Jenk Bashlamysh
China urged the world to unite, not conflict - Wang Yi
15: 36 There is a risk that Argentina will not become a member of the BRICS
15: 33 Druze in southern Syria began to build their mini-state
15: 32 Foreign exchange revenue from the sale of Russian oil and gas remains abroad
14: 51 Putin again talks with Erdogan: who is he?
The head of the newly created Ministry of Water Resources of Kazakhstan became the former cloud Nurzhan Nurzhigitov
09: 45 Timur Sulymenov - new head of KazNational Bank
09: 35 India threatens Russia with reduction of oil purchases for two reasons...
09: 26 Aidarbek Saparov headed by the Ministry of Agriculture of Kazakhstan
08: 57 US Targets Central Asia: Why Release Fukuyama? - V.Prokhvatilov
08: 48 New Minister of Defense of Ukraine becomes "good friend" Abramovich - Crimean Tatar Umerov
Turkish businessman Halit Arabaji, who supplied Kiev with body armor, found dead
Less $481 billion: China is rapidly getting rid of US government debt bonds
00: 39 How they conquered the highest point of the USSR - Stalin Peak (history)
00: 37 NATO has two years left to live - The Atlantic
00: 36 New appointments in the Administration of the President of Kazakhstan: the preponderance of signage departments
00: 35 The last stronghold of Macron ’ s influence in Africa has fallen.
France is no longer needed here - Francois Baird
Newsweek: The Earth has become too crowded - the United States is preparing to fight in space
00: 29 War of attrition.
The United States analyzes the current results of the conflict in Ukraine
00: 26 Eschatology of the multipolar world, - A.Dugin
00: 21 China could not allow the "curse of Chubais"
00: 16 Geopolitics of underwater communications, - Leonid Savin
00: 06 Gastarbeit-business is ready to come out of the shadows, - Ekaterina Trifonova
Sunday, 03.09.2023
22: 10 Shavkat Mirziyoyev visits the mausoleum of Islam Karimov
21: 37 In the Swedish Malmö again publicly burned the Koran in the city square
20: 01 Work at Kazakhstanskaya mine on coal mining and mine excavation stopped for an indefinite time
Today, for the first time, Russia officially celebrates Victory Day over Japan
12: 38 How Igor Kolomoisky was detained.
Video
11: 50 Die Welt: China strictly forbids NATO to expand in Asia according to the “Ukrainian ” model
11: 46 Chen Feng: Go all-in or retreat?
Both options threaten Zelensky with disaster
11: 43 The conditions of life in Ukraine resemble slavery.
The triumph of Western "democracy" in the 21st century - Al Mayadeen
11: 42 The fate of PMC "Wagner": a series of uncomfortable questions about the staged death of Prigozhin and the facts
11: 38 Media unleashed an open information war against the new Kyrvlasti, - K.Kozhoev
11: 37 The President of Kazakhstan instructed to increase the minimum wage from January 2024
11: 35 Ukraine is fueling a fire in the global oil market
08: 37 Last soldier of legendary Panfilov division dies in Almaty
07: 42 Abdukodir Rustam, editor of the book of the arrested "enemy of the people" Kholikzod, detained in Dushanbe
07: 16 UK authorities have disclosed data on real estate Nazarbayevs in London worth more than $50 million
03: 13 Time to collect yuan: trading volume of Chinese currency increased by 6.5 times
02: 27 Without Russian gas - nowhere.
Why EU countries, despite sanctions, increased LNG purchases from Russia - A. Sokolov
00: 25 Hungarian "Rhapsody" Orban.
Budapest can start the process of leaving the European Union? - Valery Panov
00: 18 Conflict in Gagauzia: will Chisinau be able to liquidate national autonomy? - Alexander Korinenko
The trap of Vladimir Putin and Xi Jinping is waiting for “Western partners ”
The Western media began to talk about the end of the “Chinese miracle ” – so the hegemony of the United States is over?
00: 09 Problems of the recovery growth of the PRC economy are exaggerated, - V. Pirozhenko
00: 01 Famous kyr-politician Madumarov closed in jail
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CenterAsia |
There is a risk that Argentina will not become a member of the BRICS
15: 36 04.09.2023
VALENTIN KATASONOV
The likely future president is set to change the current vector of foreign policy of the Latin American country
The next BRICS summit has ended in South Africa.
The main decision of the summit is the admission of new members.
On August 24, South African President Cyril Ramaphosa announced that from January 1, 2024, Saudi Arabia, the United Arab Emirates, Iran, Ethiopia, Egypt and Argentina should become full members of the BRICS.
But for Argentina, it was immediately doubtful that she would take advantage of the invitation.
The application to join the organization was submitted by the current government and President of Argentina Alberto Fernandez.
But just a week or so before the BRICS summit, Argentina held a primaries, a preliminary round of presidential elections.
And according to the results of the primaries, it became clear that a radical “change of the guard ” could occur in the country.
The best chance of becoming the next president of the country was demonstrated by Javier Miley, representing the movement under the beautiful name "Forward to Freedom".
Miley received 30.04% of the vote.
The government alliance "Union for the Homeland", which is nominated by the Minister of Economy, Agriculture and Industrial Development Sergio Massa, was supported by 27.27% of voters.
The Alliance "Together for Change", which nominated two candidates for the primaries, received a total of 28.27% of the vote.
Bullrich will represent him in the election.
Mileus, in his ideological position, is a “libertarian, ” that is, he adheres to views close to anarchism.
He seeks for the sake of "freedom" to rid a person of an excess of state guardianship and supervision.
He chose the United States as the “standard of freedom. ”
Javier Miley in the presidential race is actively supported by former security Minister Patricia Bullrich, who has a good chance to take third place in the election.
And then give their votes to Miley, having received from him at least the post of vice president.
Elections are due to take place on October 22.
According to the regulations, there are two rounds.
But if a convincing victory is recorded in the first round (at least 45% of the votes), then a second round will not be required.
Miley ’ s supporters are confident that their protege will be announced as president in the first round.
For the authorities, the first place of Javier Miley was a complete surprise.
Almost no one knew about Miley for another six months.
This new politician very successfully used all the problems that have accumulated in the country to date.
Miley blamed them on the incapacity of the ruling party, President Alberto Fernandez and Vice President Cristina Kirchner.
He promises to put the latter on trial for corruption as soon as she is deprived of her official immunity.
As for socio-economic problems, these are mass poverty (40 percent of the country ’ s population is classified as poor), galloping inflation (this year it reaches 115%), growing public debt and the threat of a new default, high unemployment, etc.
Miley is determined to change the current vector of Argentina ’ s foreign policy.
He has already said loudly that he does not need BRICS.
There is no need not only for membership in the organization, but also for further deepening of trade and economic relations with the BRICS countries.
The bloc currently accounts for 30% of Argentina ’ s exports.
Today, for 8-10 provinces of Argentina, the main direction of supply is China, a lot of agricultural products go to India.
Brazil is the traditional main trading partner of Argentina.
Javier Miley is not going to get closer to either Beijing or Moscow.
He accused Russia and China of creating “problems for all free countries. ”
In addition, he promised to deal with “refugees ” from Russia.
These are those who left our country after February 24, 2022, as well as after the September mobilization of last year, and, taking advantage of the visa-free regime, settled in Argentina.
There are about 35,000 such people today.
Here Patricia Bullrich fully supports Miley.
"We must ensure the safety of Argentines from external influence.
And the representatives of those countries that threaten the United States, threaten Argentina, ” she said.
And with whom does this candidate for president of Argentina intend to approach?
with the United States and Israel.
Miley, in particular, said: "Stop flirting with those who create chaos and instability in the world.
“The freest country in the world is the United States, and we will work closely with them on all key international issues. ”
Also in an interview with El Pais, he said: “My natural allies are the United States and Israel.
I do not want to deal with the communists of Cuba, China and North Korea.
What does that mean?
Trade with whomever you want, but I will not strengthen relations with them. "
And what is Javier Miley going to do inside the country?
What any libertarian would do in his place.
The politician said that “the state should not interfere in the life of citizens – freedom should be complete and unconditional. ”
Accordingly, he proposes to sharply reduce budget expenditures, conduct almost 100 percent privatization of state-owned enterprises, reduce the state apparatus and liquidate a number of ministries (primarily the Ministry of Labor and the Ministry of Education), abolish the severance payments to employees upon dismissal, etc.
And also to introduce the free sale of weapons.
As the politician noted, “we should have everything as in the United States, then there will be order and corruption will disappear. ”
But Javier Miley is not an ordinary libertarian.
He promised the Argentines something that other libertarians would never have thought of.
For example, to legalize the free trade in children and human organs.
“Who are you to determine what a person does with his life? ” the politician answers the question, whether such trade is permissible.
Unorthodox ideas Javier Miley also expresses about the problems of financial, currency and monetary credit.
He proposed, first, to liquidate the Central Bank of Argentina.
Second, cancel the Argentine peso and define the US dollar as the national currency.
In Argentina, Miley famously said, “Central banks fall into four categories: bad, like the Fed; very bad, like in Latin America; terribly bad; and the Central Bank of Argentina. ”
As Javier Miley said, the latter "has no reason to exist."
In an interview with El Pais, the politician explained his position on the Central Bank: “Argentina became the richest country in the world when it did not have a Central Bank.
From 1880 to 1935, average inflation was 0.9% per year.
In 1935, the Central Bank was created as a way to deceive people and benefit those close to power: inflation then jumped to an average of 6% per year.
And the abandonment of the peso in favor of the US dollar will deprive the ruling class of Argentina of the opportunity to print money: "You take away the printing machine from politicians...
This is what will end inflation.
Because inflation is everywhere and always a monetary phenomenon generated by an excess of money.
However, in addition to the dollar as the official currency, the country will allow the free use of private cryptocurrencies, primarily bitcoin.
Miley believes that bitcoin is a reaction to central bank scammers.
True, if all the world ’ s central banks, according to Miley, are crooks, why does he agree to deal with the dollar, which, following the logic of politics, is also created by a fraudulent structure called the “US Federal Reserve ”?
Miley cites as examples worthy of imitation countries such as Ecuador, El Salvador and Panama, where there are no national currencies, and the dollar, in his opinion, provides these countries with financial stability.
However, if you look at these countries, the situation there is not very different from the situation in Argentina.
When asked about the problems that Ecuador faces today, the politician replied that the reason for this is the populist policy of former President Rafael Correa.
The Argentine politician calls not all countries and jurisdictions that do not have national currencies, but the US dollar instead.
To the list should be added Puerto Rico, the American Virgin Islands, the Northern Mariana Islands, Guam, American Samoa, Micronesia, American Samoa, Zimbabwe East Timor and something else by little.
Of all the countries that have adopted the US dollar, the largest in terms of population are Ecuador (18 million people) and Zimbabwe (16 million people).
More than 46 million people live in Argentina.
In terms of economic development (GDP), it is the third country in Latin America after Brazil and Mexico.
Of course, the transition of Argentina to the US dollar would be a real sensation, not only for Latin America, but for the whole world.
Especially considering that the prospects for the US dollar are not so rosy.
And yet Miley is a supporter of the US dollar: “What does it matter to us that dollars are printed in the US?
The main thing is that we will no longer wake up and see what the peso to the dollar exchange rate was yesterday and what it will be tomorrow.
The US dollar will bring financial order to our country.
And by doing so, we will end the games of socialism and the groveling before the trade unions. "
This is the logic of the contender for the presidency of Argentina.
In order to achieve financial stability in the country, to end the games of socialism and stop squabbling in front of the trade unions, Javier Miley is ready to sacrifice such a "trifle" as the national sovereignty of Argentina.
P.S. In social networks, there is a discussion of the question: what guided the participants of the summit in South Africa, when they made the decision to accept Argentina as a member of the BRICS?
The results of the primaries were already known to them.
One version is that in a similar way, the summit participants tried to provide indirect support to the government alliance “Union for the sake of the Motherland ” in the October elections.
After all, the alliance is unequivocally in favor of Argentina ’ s membership in the BRICS.
It is also important that, according to opinion polls, the majority of Argentine citizens also support the idea of   the country's membership in the BRICS.
Source - Strategic Culture Foundation
Permanent address of the article - https: / / centrasia.org / newsA.php? st = 1693830960
News of Kazakhstan
- Working schedule of the head of state
- Address of the Head of State Kassym-Jomart Tokayev to the people of Kazakhstan
- Decree of the President of the Republic of Kazakhstan dated September 1, 2023 No. 318
- Personnel reshuffles
- Maulen Ashimbayev: "The Senate is ready for legislative support of the reforms proposed in the Address"
- The President's Message
- The first plenary session of the new session was held in the Mazhilis
- "The Government has set ambitious but achievable goals"
Inflation in the Republic of Kazakhstan
- Children at the UMC Maternity and Childhood Center were congratulated on the Knowledge Day
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© CentrAsiaTop

- "He promises to put the latter on trial for corruption as soon as she is deprived of her official immunity."

- "Miley is determined to change the current vector of Argentina’s foreign policy."

- "I do not want to deal with the communists of Cuba, China and North Korea."

- "Second, cancel the Argentine peso and define the US dollar as the national currency."

What economic issue did Milei want to address?

- "The main thing is that we will no longer wake up and see what the peso to the dollar exchange rate was yesterday and what it will be tomorrow.

What economic issue did Milei want to address?

And by doing so, we will end the games of socialism and the groveling before the trade unions."

How will Milei's reforms impact workers?

Who has opposed Milei's proposed layoff order?

- "He plans to hold a 'summit of Latin American support' for Ukraine this year - he did not disclose details."

Title:

Content: Argentine President Javier Miley wants to hold a summit of Latin American countries that support Ukraine in its fight against Russian aggression.
In an interview with the Financial Times, he said he prioritizes alliances with “countries that defend freedom, ” including the United States and Israel, which he visited in February, as well as Ukraine.
Miley said that he plans to hold a "summit of Latin American support" for Ukraine this year - he did not disclose details.
Journalists note that his position differs sharply from the positions of the President of Brazil Luiz Inácio Lula da Silva and the President of Mexico Andrés Manuel López Obrador.
Video of the day
What we know about Javier Miley:
Miley, 53, described as a right-wing populist and right-wing libertarian, is a prominent Argentine politician and economist.
In November, he won the second round of the presidential election.
Ukrainian President Volodymyr Zelensky came to his inauguration, during the meeting he invited the country to join the discussion of the Formula of Peace.
At the end of 203, Argentina officially refused membership in the BRICS interstate alliance, announcing a new course of foreign policy.
You may also be interested in news:

---

These sentences highlight Milei’s **key economic reforms** (zero budget deficit, government downsizing, potential dollarization, cutting state spending), his **political and institutional approach** (anti-corruption, dismissal of recent officials, anti-socialist/union rhetoric), and his intended **foreign policy shift** (pro-U.S. and Israel, rejection of alliances with China, Cuba, and BRICS, support for Ukraine).

What are some of the "liberal democracies" that the Milei administration prioritizes partnerships?

criticism of government spending
dollarizing the Argentinian currency

What issue did Milei want to address without printing money?

These measures illustrate how Milei’s libertarian and market-oriented strategies are reshaping Argentine governance, institutions, and international relations.

Here are the most important key sentences from the text regarding President Javier Milei’s policy agenda, economic reforms, and political approach in Argentina:

- “Millie is facing the minefield of the economy, politics and society of Argentina … Milley, who won a resounding victory in last October’s election.”
- “Ahead of the vote, Milley, 53, said on social media that lawmakers had ‘the opportunity to show the side of history’ they wanted to be.”
- “It came just over a week after tens of thousands of Argentines took to the streets in a major challenge to Milley’s budget-cutting policies.”
- “In support of Melli’s reforms, the International Monetary Fund (IMF) agreed on Wednesday to disburse about $4.7 billion to Argentina.”
- “He also moved to limit the right to strike enshrined in the constitution.”
- “Before the decree was announced, the new government had already devalued the Argentine peso by more than 50 percent and announced massive cuts in generous government subsidies for fuel and transportation starting in January.”
- “Milley warned that the country was on the brink of hyperinflation and that things would get worse before they began to improve.”
- “Milley’s government has forced organizers of its first protest to pay tens of thousands of dollars to cover the cost of deploying security forces to protect it.”
- “Argentina has an annual inflation rate of 140%, with about 40% of the population living in poverty.

Title:

Content: Javier Mille as President of Argentina
T + T - normal size
Javier Milley was sworn in as Argentina ’ s president on Monday, announcing he would take “painful austerity measures ” as he seeks to cut spending and curb hyperinflation amid scarce resources.
The 53-year-old right-wing liberal economist broke tradition by addressing thousands of supporters on the steps of Congress, waving flags, chanting “freedom ” and chanting slogans in support of spending cuts.
“There is no money, ” he said, vowing to put an end to“ decades of decadence ” that have seen overspending, “no government has inherited a legacy as bad as this, ” he said, adding:“ The bottom line is that there is no alternative to austerity, there is no alternative to shock therapy. ”
Argentina has an annual inflation rate of 140%, with about 40% of the population living in poverty.
Analysts have warned that government reserves are dangerously low and that the heavily indebted country has "few borrowing options".
He has pledged to cut spending by 5% of GDP in Latin America ’ s third-largest economy.
After his speech, the new president made his way on foot, then in a convertible, from the Congress building to the presidential palace, Casa Rosada, greeting his supporters, along with his sister, Carina, his closest aide.
Milley will later announce the members of a cabinet of nine ministers, a significant reduction from the current 18 ministers, Milley said: “The first set of his actions will be presented to Congress in a matter of days. ”
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As of 2024, what are the statistics regarding poverty?

How will Milei's reforms impact workers?

What economic issue did Milei want to address?

cut transport and energy subsidies
Devalued the peso

He has pledged to cut spending by 5% of GDP in Latin America’s third-largest economy.”
- “He confirmed that the first package of measures will be presented to Parliament within days.”
- “He repeatedly raised a hacksaw during political rallies, vowing to cut public spending and the number of ministers.”
- “Once the package is approved in principle, the debate on individual laws will begin next week.

Title:

Content: Javier Mille as President of Argentina
T + T - normal size
Javier Milley was sworn in as Argentina ’ s president on Monday, announcing he would take “painful austerity measures ” as he seeks to cut spending and curb hyperinflation amid scarce resources.
The 53-year-old right-wing liberal economist broke tradition by addressing thousands of supporters on the steps of Congress, waving flags, chanting “freedom ” and chanting slogans in support of spending cuts.
“There is no money, ” he said, vowing to put an end to“ decades of decadence ” that have seen overspending, “no government has inherited a legacy as bad as this, ” he said, adding:“ The bottom line is that there is no alternative to austerity, there is no alternative to shock therapy. ”
Argentina has an annual inflation rate of 140%, with about 40% of the population living in poverty.
Analysts have warned that government reserves are dangerously low and that the heavily indebted country has "few borrowing options".
He has pledged to cut spending by 5% of GDP in Latin America ’ s third-largest economy.
After his speech, the new president made his way on foot, then in a convertible, from the Congress building to the presidential palace, Casa Rosada, greeting his supporters, along with his sister, Carina, his closest aide.
Milley will later announce the members of a cabinet of nine ministers, a significant reduction from the current 18 ministers, Milley said: “The first set of his actions will be presented to Congress in a matter of days. ”
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The bill must also be approved by the Senate.”
- “Milley does not have a majority in Congress and has had to conduct intensive negotiations in recent weeks to get MPs and other parties to back his bill.”
- “The Argentine currency, the peso, continues to lose more value against the US dollar, and the volume of debt is steadily expanding.”

These sentences highlight Milei’s market-oriented policies—including sharp austerity, subsidy cuts, currency devaluation, limiting labor rights, and attempts at rapid legislative reform—and illustrate the social and political resistance, institutional challenges, and potential impacts for Argentina’s future.

Title:

Content: Argentine lawmakers approve Mili reform package after marathon debate - Sunrise Gate
Saturday 3 February 2024 9: 31 AM Cairo Cairo 24 °
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Argentine lawmakers approve Melli reform package after marathon debate
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Published on: Saturday 3 February 2024 - 9: 22 AM | Last updated on Saturday 3 February 2024 - 9: 22 AM
Argentina ’ s House of Representatives has approved in principle a comprehensive package of legislation presented by the ultra-liberal government led by President Javier Milley, after a three-day marathon session.
After nearly 30 hours of debate, 144 MPs voted in favor of the reform package on Friday, against 109 who voted against it.
The package, which includes some 300 laws, provides for the transfer of part of the government's legislative powers for two years, the privatization of several state-owned companies, and amendments to tax and election laws.
Once the package is approved in principle, the debate on individual laws will begin next week.
The bill must also be approved by the Senate.
Milley does not have a majority in Congress and has had to conduct intensive negotiations in recent weeks to get MPs and other parties to back his bill.
“History will remember with respect those who understood the historical context, chose to end class privileges and did something for the people who fell into poverty and hunger for years because of the political class. ”
Economist Mille, who took office in mid-December, announced radical reforms in the country amid a severe economic crisis, with inflation above 200% and about 40% of the country ’ s population living below the poverty line.
Argentina, South America ’ s second-largest economy, suffers from a bloated administrative apparatus, low industrial productivity and a vast shadow economy that denies the country crucial tax revenues.
The Argentine currency, the peso, continues to lose more value against the US dollar, and the volume of debt is steadily expanding.
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How will Milei's reforms impact workers?

cut transport and energy subsidies
Devalued the peso

**Key Sentences Extracted:**

1.

Title:

Content: Argentina ’ s Trump was elected to scrap the central bank ’ s switch to the US dollar and freeze relations with China
▲ Argentine presidential candidate Javier Milei will take office on December 10. (Photo / Dazhi Images / Associated Press)
Journalist Wu Mei-yi / Comprehensive Report
Argentina ’ s president-elect Javier Milei, who is set to take office on December 10, has been described as an “irate far-right liberal ” and has even been dubbed“ Argentina ’ s Trump ”, vowing to fight inflation and carry out sweeping reforms, calling for the abolition of the central bank ’ s switch to the dollar, the abolition of most government ministries, the legalization of organ trade, and the freezing of relations with China.
But its victory has been praised by rightists around the world, and even Tesla CEO Musk is very optimistic.
On the night of his victory, Mirai won with 56% of the vote, far ahead of his center-left rival Sergio Massa ’ s 44%, declaring, “Today, the reconstruction of Argentina begins. ”
That night, however, the streets of Buenos Aires were filled with joy, celebration, worry and anger, with supporters excited and looking forward to the changes ahead, while leftists expressed shock and frustration.
Mirei has promised major reforms to address the “tragic reality ” of Argentina, where up to 40% of its 45 million citizens are trapped in poverty and inflation has soared to 140%.
But the Guardian says he could push South America ’ s second-largest economy into an unpredictable and potentially volatile future.
▲ Mirei supporters took to the streets to celebrate, but many people expressed concern and frustration.
(Photo / Dazhi Imaging / Associated Press)
The 53-year-old promised tax cuts, the abolition of the central bank, the abandonment of the peso to the dollar, the abolition of government ministries from 18 to 8, the phasing out of social welfare programs, and the severing of ties with two major trading partners, Brazil and China.
He opposes abortion and euthanasia, supports legalization of the sex trade, drug trade, and organ trade, and wants to privatize schools and the health care system.
Mirei was also described as eccentric, with many radical ideas, who denied the impact of climate change and questioned the history of the autocratic government ’ s crackdown on dissidents from 1976 to 1983, which killed 30,000 people and angered millions.
However, Mirei ’ s victory was also congratulated by far-right figures around the world.
Former US President Trump tweeted, "The world is watching! I am very proud of you."
You will turn your country upside down and really make Argentina great again.
“Argentina ’ s prosperity lies ahead, ” said X boss and Tesla CEO, Jair Bolsonaro, a former president of Brazil, calling it a triumph of“ honesty, progress and freedom, ” and “hope shines again in South America. ”
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"After decades of Belondism rule, Argentina is now home to the first liberal head of state in modern history, a feat that many in the media seem to have missed."

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Content: 【 Printing 】
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Argentina's new president deserves international attention
Related LINKS http: / / www.CRNTT.com 2023-12-13 00: 57: 45
Argentina's new president, Mille.
HONG KONG, Dec. 13 (Xinhua) -- Michael N. Peterson, a scholar at George Mason University in the United States, posted on Eurasia Review on December 9 that Millet is very friendly to the market and claims to alienate China. Relation.
No matter how the actual situation develops, Argentina, as an important part of the “Belt and Road ” and“ BRICS ” countries, its new president ’ s domestic and foreign policies do deserve the attention of the international community.
Here is the original compilation:
Argentina has just elected its new president, Javier Milei, an energetic, disheveled economist who has come up with pro-market ideas to reform the country ’ s economy.
After decades of Belondism rule, Argentina is now home to the first liberal head of state in modern history, a feat that many in the media seem to have missed.
Even before the official results were announced, voters felt that the general trend was turning in favor of the liberal candidate. With his signature style, Millet won 21 of the 24 provinces, attracting more than 14 million votes, the most votes for a single candidate in Argentina ’ s history.
As we all know, Argentina was one of the richest economies in the world at the beginning of the 20th century.
Before the country embarked on a socialist path, Argentina embraced free markets and limited government.
In his speeches, Millet often praised Juan Bautista Alberdi, who helped design Argentina ’ s 1853 constitution and created the initial conditions for the country ’ s economic prosperity for the next 80 years.
An admirer of Thomas Jefferson, Alberti echoed the very similar libertarian themes that Millais was trying to revive.
But for some reason, many see Millet ’ s victory as yet another triumph of the populist wave, a view that mixes Millet ’ s eccentric style with a genuine populist agenda.
While Trump and other populist leaders have called for a protectionist program to protect their workers from foreign competition, Millet advocates the opposite.
In fact, Millet ’ s victory speech directly invited the international community to join Argentina ’ s free-market revolution.
Even Elon Musk acknowledged the importance of Millet's victory, writing that "Argentina's prosperity lies ahead".
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"Millet’s supporters say only he can root out the political status quo and economic woes that have plagued South America’s second-largest economy for years."

Title:

Content: Countdown to the day of issuance
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Argentina's presidential election with 143% annual inflation: far-right candidate Millet wins, once said "no business with socialism"
Argentina 's right-wing candidate Mille (left) won the presidential election, and on the 19th, her sister Carina (left) thanked her supporters. Photo Credit: GettyImages
What we want you to know is
Millet, a far-right liberal, refused to do business with “socialists ” before the election and was seen as targeting leftist Brazil and China, Argentina ’ s largest and second-largest trading partners, respectively.
He said China could be a business partner for Argentina ’ s private companies and that he would not interfere, but that his government would not sign agreements with the Communist Party and would not encourage relations with it.
In Argentina ’ s presidential runoff on Sunday, far-right candidate Javier Milei defeated the current economy minister and leftist candidate Sergio Massa in the second round of voting.
The election result was described as an agreement by Argentinian society, which is experiencing a hundred percent inflation rate, to apply “shock therapy ” to the country ’ s economic policies.
There are also fears that Millet ’ s conservative social policies could seriously undermine education and human rights in Argentina.
Argentina ’ s presidential election system is a two-round voting system, and Massa temporarily led in the first round of voting in October, but this Sunday ’ s final result, Milai defeated Massa by more than 10 percentage points (Milai won 55.7% of the vote, while Massa won 44.3%).
Sunday ’ s election also ended earlier than usual, with Massa publicly admitting defeat at 8: 00 local time and announcing his resignation as economy minister to help the new government transition.
Mirai gave a speech at 10: 00 p.m. local time.
He said Argentina needed a huge structural reform, with no gradual, lukewarm and half-hearted surplus, or it would “go to the worst crisis in Argentine history. ”
Mile points out that Argentine society is facing inflation, economic stagnation, low employment and poverty, and he promises to solve these problems with liberalism.
Millet will take office as president on December 10.
Argentina Votes for ‘ Shock Therapy ’ With Biggest Inflation in 32 Years
Lucas Romero, head of Argentina ’ s political consultancy Synopsis, said Millet ’ s victory was due to what he said was a unique personal trait that was closer to popular desire for change, an election that showed the fatigue, weariness, and protest vote of most Argentines.
The election comes as Argentina faces crippling debt pressures and inflation, with $45 billion of debt owed to the International Monetary Fund, the highest inflation in 32 years (Argentina ’ s annual inflation soared to 143% in October, its highest since 1991) and the black market exchange rate for the local dollar soaring to 1,900 pesos from 163 pesos to $1 a year ago. Dollars.
It is not difficult to understand that the result of the election was the Argentine people said "no" to the economic policies of the current government, and Reuters called it the "shock therapy" chosen by the Argentine people.
Shock therapy is a radical way to curb inflation. By tightening the currency, the government suppresses consumption, forcibly bridging the gap between supply and demand, and curbing inflation in a short period of time.
But the social economy suffered a great impact, so there is a "shock therapy" metaphor.
Millet is an economic liberal who calls Argentina a tax hell and should cut government spending quickly to balance the budget.
He also advocated abolishing the central bank of Argentina and replacing the current depreciating peso with the US dollar.
Millet ’ s proposals for reform resonated particularly with young voters who were angry about the economic downturn.
They are tired of the fact that Argentina has long been governed by either the current leftist government, Unión por la Patria, or the right-wing JxC, and that Millet ’ s party, the Partido Libertario, was founded in 2018, mostly by young people.
Millet ’ s supporters say only he can root out the political status quo and economic woes that have plagued South America ’ s second-largest economy for years.
Santiago Neria, a 34-year-old accountant, said Milai was the only option to keep Argentina from falling into tragedy, while Irene Sosa, a 20-year-old student, said, “Milai represents the future of young people like me, and Massa represents all the problems of our country. ”
Mariano, an Argentine citizen currently living in Taipei, told the Critic Network that although he disagrees with Millet ’ s political ideas and policies, he believes that someone must make a change in Argentina.
He also believes that no matter what Millet does, the situation in Argentina will not be worse, the only concern is Millet's decision on social policy.
Millet is economically liberal, arguing that health care and education should be privatized, and even compulsory education should be abolished, "so that everyone in Argentina can pay for their services."
He is a conservative on social issues, calls himself a Catholic, and opposes abortion (which was legalized by the Argentine Congress in 2020).
Milley is also a follower of former US President Donald Trump, claiming that climate change is a lie, that sex education destroys families, that the sale of human organs should be legalized, and that people have the right to own guns.
Millet ’ s deputy, Victoria Villarruel, is also facing a lot of controversy. The daughter of a soldier, she has long denied the crimes of Argentina ’ s military dictatorship, and she has promised to expand the military budget after her election.
This reflects Argentina ’ s dark military history, with six coups d ’ état by the Argentine army between 1930 and 1976.
Argentina has cut its military budget since its return to democracy in 1983.
Brazil and China "congratulate" Millet for "not doing business with socialism"
Millet, a far-right liberal, refused to do business with “socialists ” before the election and was seen as targeting leftist Brazil and China, Argentina ’ s largest and second-largest trading partners, respectively.
He said China could be a business partner for Argentina ’ s private companies and that he would not interfere, but that his government would not sign agreements with the Communist Party and would not encourage relations with it.
In August this year, the Argentine government joined the "BRICS 5" led by China and Brazil, and together with six countries such as Iran and Saudi Arabia became the "BRICS 11". Milai's election also added variables to Argentina's BRICS membership.
Former US President Donald Trump congratulated Milai on the social platform, saying that the world is watching the election, he will be proud of Milai's victory, and even more bluntly said that Milai will turn the country and make "Argentina great again!"
However, the current president of Brazil, Luiz Inácio Lula da Silva, said only that he congratulated Argentina for showing order and peace in the election, and he wished the new government well, without mentioning Mille. He stressed that Brazil will always be a brother state of Argentina and always willing to work with Argentina.
Colombia ’ s left-wing president, Gustavo Petro, meanwhile, called it a “sad day ” for Latin America.

"Javier Milei, a far-right liberal economist known as 'Trump Argentina,' announced a 'shock therapy' after his election as Argentina’s president to rescue a serious economic crisis with drastic fiscal reforms, insisting that it is normal for things to get worse until concrete results are achieved, calling on people to survive the inflationary boom, and adding to a series of reforms, including the layoffs of more than 5,000 government posts, means that thousands of government employees will not be rehired."

Title:

Content: Argentina's President Saves Economy, 5,000 Government Employees Don't Continue Inflation, People Crash
International Center Tsai Sha-ling / General Report
Javier Milei, a far-right liberal economist known as “Trump Argentina, ” announced a“ shock therapy ” after his election as Argentina ’ s president to rescue a serious economic crisis with drastic fiscal reforms, insisting that it is normal for things to get worse until concrete results are achieved, calling on people to survive the inflationary boom, and adding to a series of reforms, including the layoffs of more than 5,000 government posts, means that Thousands of government employees will not be rehired.
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Speaking to supporters, Mirei declared that he was “unwinding the suffocating web of government control ” and changing a large number of regulations that are hindering economic growth, stressing:“ We have no choice, no time, no room for meaningless discussion. ”
Our country needs to take immediate action, "he said.
In order to reduce government spending, Mirei announced that he will not renew the contracts of government employees hired before he takes office in 2023, and that he will be sworn in as president on December 10 this year; employees hired before 2023 will not be affected for the time being, but the related contracts will also be reviewed.
The report pointed out that the 2023 as the demarcation point, apparently in response to the former president's proposed salary increase in the last year of his term.
With inflation expected to reach 200% by the end of the year, Mirei intends to accelerate measures, including privatization of state-owned companies, in the hope of boosting exports and investment, easing labor laws, reducing protections for employees, making it easier for companies to lay off workers, and banning state intervention in the rental housing market.
In addition, energy and transportation subsidies will also be cut, and some government departments will be abolished.
Whether Mirey ’ s shock therapy will save the economy is still unknown, but people have taken to the streets to protest against soaring prices.
Some economists believe that although such measures may be necessary to solve Argentina ’ s long-term financial problems, without an adequate safety net, the poorest people in society may struggle to survive and may not be able to survive until the country ’ s economy returns to normal.
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How will Milei's reforms impact workers?

"Among the reforms proposed by Millet are declaring the country into an economic emergency, cutting pensions and diluting labor rights."

Title:

Content: International
2024-06-13 16: 06: 58
Argentine parliament passes economic reform plan, sparks violence
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Argentina ’ s President Javier Milei ’ s proposed economic reforms, which were passed by a narrow margin in Congress, have sparked clashes outside the parliament, with protesters saying the reforms hurt millions of Argentines and local media describing the scene as a “battlefield. ”
Millet, who was elected president last year, is a right-wing economist in Argentina who was elected president at a time of severe economic distress.
Argentina ’ s annual inflation is close to 300%, leaving more than half of Argentines in poverty.
Among the reforms proposed by Millet are declaring the country into an economic emergency, cutting pensions and diluting labor rights.
Left-wing political parties, trade unions, and social organizations opposed it.
The bill was tied with 36 votes in favor and 36 against, but the Speaker of the House, Vice President Victoria Villarruel, voted in favor.
“For all Argentines who are suffering, waiting and don ’ t want to see their children leaving their country, my vote is decisive.
The motion will be considered on a case-by-case basis and is expected to be passed on Thursday (13), after which it will be returned to the next House for final implementation.
The president said protesters were trying to stage a coup.
However, demonstrators outside the parliament shouted "the country is not sold, it is to be protected", and said: "Why does the head of state hate his own country?" According to local media, the local "battlefield", demonstrators threw gasoline bombs and stones at riot police officers, and some observers and opposition lawmakers said that about 10 people needed medical treatment at the scene of the demonstration, including at least five anti-opposition lawmakers.
Argentine police said at least 20 officers were injured and 15 were arrested.
Argentina ’ s presidential office issued a statement thanking the defense forces and describing the demonstrators as “terrorists trying to launch a coup. ”
“We are going to change Argentina and make it the freest country in the world, ” he said. After he came to power, he cut cabinet posts in half and cut 50,000 civil servants, halted new public works contracts and eliminated subsidies for fuel and transportation.
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How will Milei's reforms impact workers?

"Argentina’s Trump was elected to scrap the central bank, switch to the US dollar and freeze relations with China."

What are some of the "liberal democracies" that the Milei administration prioritizes partnerships?

dollarizing the Argentinian currency
closing the central bank

"Mirei has promised major reforms to address the 'tragic reality' of Argentina, where up to 40% of its 45 million citizens are trapped in poverty and inflation has soared to 140%."

As of 2024, what are the statistics regarding poverty?

What economic issue did Milei want to address?

"Shock therapy is a radical way to curb inflation."

"He said China could be a business partner for Argentina’s private companies and that he would not interfere, but that his government would not sign agreements with the Communist Party and would not encourage relations with it."

What reason did Milei give about not engaging with China, Cuba, and Venezuela?

"Some described the vote as a choice between 'the lesser of two evils': fear of Millet’s painful economic prescription and anger at the economic crisis caused by Massa and his Peronist party."

Title:

Content: Argentine president says he will be a world power again after 35 years
Author: External Submission
Published: Updated:
On November 19, local time, the second round of voting for the Argentine presidential election began.
According to Argentine media reports, Argentina has completed 99.28% of the vote count, with the "Argentine version of Trump" known as the extreme right-wing liberal economist, Congressman Javier Milei, elected the new president of Argentina with 55.69% of the vote.
This article is authorized to reprint by the Observer Network; author: Zhang Jingjuan
Later that night, Millet gave a victory speech, saying that the decline of Argentina ended today and the reconstruction began.
Argentina, he said, aims to “become a world power again ” after 35 years.
Mirai ’ s rival, Economy Minister Sergio Massa, received 44.30 percent of the vote.
Before the final results were announced, Massa had made a speech admitting that his campaign had failed.
The elected president will take office on December 10 for a four-year term.
In his victory speech, Millet said: "Today, we have turned history, Argentina's decline will come to an end, and we begin to turn a new page."
The reconstruction of Argentina begins today. "
He stressed that the situation in Argentina is very critical and requires drastic change, without gradualism or halfway through.
“We used to be the richest country in the world, and now Argentina has a future, and in 35 years, we will be a world power again. ”
Millet has previously promised to use so-called “economic shock therapy ”, he advocates“ burning ” the poorly managed central bank, abolishing the peso, shifting to “dollarization ” and slashing spending, and he has also promised to slash the number of central government departments from 18 to eight, allowing openly carrying guns, legalizing organ trade and restricting abortion.
The reforms, which Reuters sees as potentially painful, do resonate among voters angry at the economic malaise.
In recent years, Argentina has continued to face inflation and recession.
Argentina already has one of the highest inflation rates in the world, with annual inflation approaching 116%, according to reports. Since 2023, Argentina ’ s inflation rate peaked at 8.4% in April, and although later data fell, analysts believe it is likely to rebound to 7.1% in July.
Some experts predict that Argentina's gross domestic product will shrink by 3.1% in 2023, will shrink by another 0.2% in 2024, and is expected to grow by 2.5% in 2025.
“We are determined to resolve the central bank issue and to keep Argentina on a firm footing and moving forward. ”
Miley said.
According to the Constitution of Argentina, a presidential candidate needs to win more than 45% of the vote, or more than 40% of the vote and win 10% of the votes ahead of the second place in order to be directly elected.
If no candidate meets the criteria for direct election is produced, the candidate who receives the first two votes will enter the second round of voting, and the candidate who receives the highest number of votes in the second round will be elected.
According to Ambito Financiero, this will be the second time in Argentina ’ s history that a new president has been born directly in the second round of elections.
The first occurred in 2015, when Mauricio Macri, a candidate of the opposition “Change ” coalition, won the election of Daniel Scioli, a candidate of the left-wing coalition, by less than 3%, to the presidency of Argentina, ending a 12-year history of the left-wing coalition.
Massa: On November 19, 2023, Argentina ’ s presidential candidate, Economy Minister Massa, addressed supporters in Buenos Aires. (Reuters)
Before the final results were announced, Massa said he had congratulated Millet and said the responsibility for providing certainty and safeguards fell on Millet ’ s shoulders from the 20th.
“One thing that has been confirmed today is that Argentina has a democratic system that is transparent, robust and respectful of the results of elections.
I want to tell you that the result is not what we expected.
I reached out to Millet to congratulate him and to wish him good luck as he is the president chosen by most Argentines for the next four years.
Martha said.
As a candidate, Massa is a far cry from Millet ’ s plan to respond to the crisis by increasing export supplies, favoring Argentina ’ s entry into BRICS, pledging continued social support for the population, and maintaining free primary and secondary schools, universities, and hospitals.
Some described the vote as a choice between “the lesser of two evils ”: fear of Millet ’ s painful economic prescription and anger at the economic crisis caused by Massa and his Peronist party.
For Millet ’ s victory, the report said that this has shaken Argentina ’ s political landscape and economic lines, and may affect the trade in cereals, lithium and hydrocarbons.
Millet refused to cooperate with China, Brazil and Russia, and supported strengthening ties with the United States and Israel.
In addition, he opposed Argentina's accession to the BRICS.
Millet, now 53, has a diploma in economics, but his later work made him famous as a talk show and TV host. In 2018, Millet gave 235 interviews, making him the most talked-about economist of the year. In 2020, Millet joined Avanza Libertad and officially launched his political career.
Once dubbed the “Argentine version of Trump ” by the Argentinian media, Millet is known for his ability to use social media to create momentum for himself, and for his use of short film bonuses to cater to the tired and angry mentality of young people in impoverished regions who are tired of traditional politicians.
According to La Nación, Millet ’ s TikTok video about cutting public spending and reducing the number of government departments has been shown 2 million times and received 240,000 likes, which is highly sought after by young people.
Like Trump, Millet ’ s messy hair has been the focus of media attention many times, and he has repeatedly said that he does not comb his hair, which has earned him the nickname “wig ”.
According to reports, Millet is very much “adored ” Donald Trump.
After learning of Millet ’ s election, Trump himself sent a congratulatory message on social media.
Trump also adapted his own slogan, “Make Argentina Great Again! ”

Title:

Content: Why did Argentina give up on joining the BRICS?
You don't have to be too serious about the new president, Millet.
Author: Ye Dehao
Published: Updated:
December 29 is the last government working day in 2023.
The Argentine government issued a letter to the BRICS countries as early as the 22nd, indicating that Argentina is not suitable for joining the BRICS at present, saying that its foreign policy is very different from the previous government.
Argentina ’ s new president, Javier Milei, a far-right liberal who was sworn into office on December 10, has been highly pro-American and pro-Israel, and his formal decision to forgo joining the Golden Brick, which is seen as close to China, comes as no surprise.
Negotiations are fruitless?
After Millet ’ s victory in the second round of voting at the end of November, Chinese Ambassador to Argentina Wang Wei quickly met with then-Foreign Minister Diana Mondino, and Millet himself released a Spanish translation of a personal letter sent to him by Chinese President Xi Jinping, thanking Xi Jinping for holding up a letter of “common interest ” between China and Argentina.
Although Millet, who had indicated during the election that he would not talk to communist countries (for Millet during the election campaign, this included China and Brazil), expressed goodwill, the foreign minister said publicly on social media in early December that he would not join the BRICS.
Subsequently, at the invitation of Argentina, China sent special envoy of President Xi Jinping and Vice Chairman of the Standing Committee of the National People ’ s Congress Wu Weihua to Buenos Aires to attend the inauguration ceremony of Milai on December 10, and met with Milai with Wang Wei the following day.
Mirai later wrote back to China, which Argentine media said contained references to a currency swap agreement between China and Argentina, when one of Argentina ’ s loans to the International Monetary Fund (IMF) was due to be repaid.
Later, Chinese officials also met with Milay ’ s nominee for governor of Argentina ’ s central bank (although Milay had stated during his campaign that the central bank would be abolished and fully dollarized), as well as his economy minister, Luis Caputo.
Ukrainian President Leonid Zelensky also attended the inauguration ceremony of Millet.
(Reuters)
In the end, there seems to be no progress on the currency swap agreement and the related issues of joining the BRICS.
By December 14, Reuters had reported that Milay had reached a loan agreement with the Development Bank of Latin America and the Caribbean (CAF), allowing Argentina to repay the IMF as scheduled on December 21.
On December 19, Argentine media revealed that China had suspended the currency swap agreement with Argentina, saying that Beijing had recalled Wang Wei to Beijing the previous day.
The letter from Argentina renouncing its accession to the BRICS came on the 22nd.
Argentina ’ s renunciation of BRICS membership has been widely interpreted as a setback for China ’ s efforts to “expand ” solidarity with the global South at the BRICS summit in South Africa in August 2023.
At that time, the BRICS decided to invite the United Arab Emirates, Saudi Arabia, Iran, Argentina, Egypt, and Ethiopia to join the BRICS.
However, to put it another way, Millet ’ s renunciation of joining the Golden Brick was just an act of symbolic significance greater than practical significance, and his attitude toward China and even his right-wing libertarian stance have weakened significantly since his election.
Foreign Minister Guido Mondino has made it clear that he will not abandon diplomacy with China and Brazil (Argentina ’ s first and second largest trading partners, respectively).
Millet has quickly appointed a new ambassador to China, and his letter to the BRICS states that he hopes to deepen bilateral relations and increase trade and investment contacts with other countries, and hopes to meet with the leaders of the BRICS countries.
On December 10, Millet addressed supporters after he was sworn in as president. (Reuters)
During the campaign, there were fears that Millet would behave badly when he came to power.
However, the majority of those who were elected were on the right wing.
For example, Economy Minister Caputo is a member of former President Mauricio Macri ’ s Juntos por el Cambio party, and Central Bank governor Santiago Bausili was Finance Minister from 2015 to 2019.
The Adventures of Shock Therapy
Of course, after coming to power, Millet quickly pushed for “shock therapy ” economic reforms, immediately devalued the Argentine peso by half (but its exchange rate remained below the black market), and declared a two-year economic emergency, proposing more than 300 measures in the form of presidential decrees, from loosening controls on food retailers to loosening the use of foreign exchange, from privatization of state-owned enterprises to deregulation of proprietary medicines, from labor protection to employee restrictions. All strikes are complete.
Unions in Argentina have mobilized a revolt, but the scale of the demonstrations has not reached enough to worry Millet.
Security officials from the Milai authorities also issued a stern warning against the demonstrations, which seemed to have a degree of deterrent effect.
On December 29, the economic emergency in Milai came into effect, with demonstrators gathering in the streets of Buenos Aires to protest against economic reforms.
(Reuters)
At the end of the year, Millet also sent more than 600 reform bills to Congress, asking Congress to initiate a special session from December 26 to January 31 to help Argentina move forward quickly with reforms.
The bill includes legalizing Millet ’ s previously declared economic emergency, abolishing the primary election system, increasing penalties for various protest-related crimes, protecting the right to self-defense and strengthening the police, listing state-owned enterprises that can be privatized, allowing the legalization of undeclared property, modifying policies related to the oil industry (such as the government will not impose price limits), and temporarily handing the president more legislative powers on taxes, pensions, security, and other items.
Millay ’ s government says it wants to reduce the government deficit to zero by 2024 (which would have been about 5% of GDP), thereby drastically reducing the size of the government, cutting subsidies for electricity and transportation, cutting funding to local governments, and temporarily raising import taxes and increasing benefits such as the value of food cards to help those most in need.
With only 40 of the 257 seats in the Brazilian Chamber of Deputies and 7 of the 72 seats in the Senate, Millet ’ s party, even with less than half of the traditional right-wing “working together to change ” support, is hoping to use popular opinion to put pressure on Congress to show that if Congress is unwilling to pass his reform bill, it will resort to the law (no law). Binding) referendum.
[Here: Chainsaws are a symbol of Millet ’ s reformist economy, and he often picks them up to campaign events.]
Millet ’ s “crazy ” economic reforms, and the voters ’ support for him, are understandable. After all, Argentina ’ s economy has been a tragedy for more than a century, and its per capita GDP was higher than that of Germany and France 100 years ago, but it is now several times behind them, from advanced countries to developing countries.
According to statistics, its ratio of negative growth to positive growth has been worse than that of war-torn Iraq and Sudan since 1950, and it is now the largest recipient of IMF assistance since its inception.
Not to mention that Argentina has an inflation rate of more than 100%.
Millet has long shown that his shock therapy will bring economic pain, but voters have limited tolerance for the pain, and the pain is likely to grow.
The street demonstrations are not threatening Millet at this point, but if Millet ’ s new deal doesn ’ t work, the situation will be very different in a few months.
In the midst of a crisis-ridden march of economic reform, Millet ’ s foreign policy will remain at the symbolic level, and will never dare to do anything that will really negatively affect the Argentine economy.
Giving up on joining the Brick is just one example.
We don ’ t have to read this diplomatically too seriously — it ’ s just the political norm in Latin America, where the ideologies of the right and the left are fiercely opposed.

"Argentine parliament passes economic reform plan, sparks violence."

Title:

Content: International
2024-06-13 16: 06: 58
Argentine parliament passes economic reform plan, sparks violence
Share:
Argentina ’ s President Javier Milei ’ s proposed economic reforms, which were passed by a narrow margin in Congress, have sparked clashes outside the parliament, with protesters saying the reforms hurt millions of Argentines and local media describing the scene as a “battlefield. ”
Millet, who was elected president last year, is a right-wing economist in Argentina who was elected president at a time of severe economic distress.
Argentina ’ s annual inflation is close to 300%, leaving more than half of Argentines in poverty.
Among the reforms proposed by Millet are declaring the country into an economic emergency, cutting pensions and diluting labor rights.
Left-wing political parties, trade unions, and social organizations opposed it.
The bill was tied with 36 votes in favor and 36 against, but the Speaker of the House, Vice President Victoria Villarruel, voted in favor.
“For all Argentines who are suffering, waiting and don ’ t want to see their children leaving their country, my vote is decisive.
The motion will be considered on a case-by-case basis and is expected to be passed on Thursday (13), after which it will be returned to the next House for final implementation.
The president said protesters were trying to stage a coup.
However, demonstrators outside the parliament shouted "the country is not sold, it is to be protected", and said: "Why does the head of state hate his own country?" According to local media, the local "battlefield", demonstrators threw gasoline bombs and stones at riot police officers, and some observers and opposition lawmakers said that about 10 people needed medical treatment at the scene of the demonstration, including at least five anti-opposition lawmakers.
Argentine police said at least 20 officers were injured and 15 were arrested.
Argentina ’ s presidential office issued a statement thanking the defense forces and describing the demonstrators as “terrorists trying to launch a coup. ”
“We are going to change Argentina and make it the freest country in the world, ” he said. After he came to power, he cut cabinet posts in half and cut 50,000 civil servants, halted new public works contracts and eliminated subsidies for fuel and transportation.
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**Summary of Key Implications:**

- Javier Milei’s presidency marks a shift from decades of Peronist rule to a market-oriented, libertarian approach.

Title:

Content: Javier Milei is elected president of Argentina.
Libertarian Javier Milei, who won the presidency of Argentina on Sunday, promised a radical overhaul to address decades of policy mismanagement, but his radical and bold ideas also raised doubts.
According to the official electoral body, after Sunday ’ s runoff, 99% of the votes were counted, and Milei received 56% of the votes, beating the 44% of the votes of Sergio Massa, the current economy minister.
The number of votes he won was unexpected, and Massa conceded the defeat before the results were announced.
Speaking to Argentines on Sunday night, Milei said his victory marked the beginning of "the reconstruction of Argentina."
“Today Argentina ’ s decline is beginning to end, ” he said.
“Today, the pattern of poverty in a country that is everywhere is over, one that benefits only a part of the population, while the majority suffers. ”
In the capital, Buenos Aires, hundreds of Milei ’ s supporters honked their horns, set off fireworks and sang his popular song against the political elite, “Get them all off! ”.
Milei ’ s main campaign promises include abandoning the peso and switching to the dollar and shutting down the central bank, while slashing public spending in an attempt to get the country of 46 million people out of trouble.
However, Milei ’ s shock therapy could also set Argentina on an uncertain path, with some economists warning that dollarizing the $622 billion economy while international reserves run out could plunge the South American country into another round of hyperinflation.
At the same time, IMF officials called on the next administration to restart the economy quickly, stressing that there was no time for progressive policies.
Argentina last week released its latest October inflation figures, which rose more than 140% a year to a 32-year high.
Milei will take office on December 10.
Related Posts

- His “shock therapy” involves radical fiscal reforms, mass layoffs in the public sector, and structural changes aimed at tackling hyperinflation, poverty, and entrenched political corruption.

How will Milei's reforms impact workers?

What economic issue did Milei want to address?

- Proposed policies include abolishing the central bank, dollarizing the economy, cutting pensions, reducing labor protections, and distancing Argentina from China and other socialist-leaning partners.

Title:

Content: Argentina ’ s Trump was elected to scrap the central bank ’ s switch to the US dollar and freeze relations with China
▲ Argentine presidential candidate Javier Milei will take office on December 10. (Photo / Dazhi Images / Associated Press)
Journalist Wu Mei-yi / Comprehensive Report
Argentina ’ s president-elect Javier Milei, who is set to take office on December 10, has been described as an “irate far-right liberal ” and has even been dubbed“ Argentina ’ s Trump ”, vowing to fight inflation and carry out sweeping reforms, calling for the abolition of the central bank ’ s switch to the dollar, the abolition of most government ministries, the legalization of organ trade, and the freezing of relations with China.
But its victory has been praised by rightists around the world, and even Tesla CEO Musk is very optimistic.
On the night of his victory, Mirai won with 56% of the vote, far ahead of his center-left rival Sergio Massa ’ s 44%, declaring, “Today, the reconstruction of Argentina begins. ”
That night, however, the streets of Buenos Aires were filled with joy, celebration, worry and anger, with supporters excited and looking forward to the changes ahead, while leftists expressed shock and frustration.
Mirei has promised major reforms to address the “tragic reality ” of Argentina, where up to 40% of its 45 million citizens are trapped in poverty and inflation has soared to 140%.
But the Guardian says he could push South America ’ s second-largest economy into an unpredictable and potentially volatile future.
▲ Mirei supporters took to the streets to celebrate, but many people expressed concern and frustration.
(Photo / Dazhi Imaging / Associated Press)
The 53-year-old promised tax cuts, the abolition of the central bank, the abandonment of the peso to the dollar, the abolition of government ministries from 18 to 8, the phasing out of social welfare programs, and the severing of ties with two major trading partners, Brazil and China.
He opposes abortion and euthanasia, supports legalization of the sex trade, drug trade, and organ trade, and wants to privatize schools and the health care system.
Mirei was also described as eccentric, with many radical ideas, who denied the impact of climate change and questioned the history of the autocratic government ’ s crackdown on dissidents from 1976 to 1983, which killed 30,000 people and angered millions.
However, Mirei ’ s victory was also congratulated by far-right figures around the world.
Former US President Trump tweeted, "The world is watching! I am very proud of you."
You will turn your country upside down and really make Argentina great again.
“Argentina ’ s prosperity lies ahead, ” said X boss and Tesla CEO, Jair Bolsonaro, a former president of Brazil, calling it a triumph of“ honesty, progress and freedom, ” and “hope shines again in South America. ”
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How will Milei's reforms impact workers?

dollarizing the Argentinian currency
closing the central bank

What reason did Milei give about not engaging with China, Cuba, and Venezuela?

- His approach has triggered public protest and social unrest, raising questions about the societal impact of rapid liberalization and austerity.

Title:

Content: International
2024-06-13 16: 06: 58
Argentine parliament passes economic reform plan, sparks violence
Share:
Argentina ’ s President Javier Milei ’ s proposed economic reforms, which were passed by a narrow margin in Congress, have sparked clashes outside the parliament, with protesters saying the reforms hurt millions of Argentines and local media describing the scene as a “battlefield. ”
Millet, who was elected president last year, is a right-wing economist in Argentina who was elected president at a time of severe economic distress.
Argentina ’ s annual inflation is close to 300%, leaving more than half of Argentines in poverty.
Among the reforms proposed by Millet are declaring the country into an economic emergency, cutting pensions and diluting labor rights.
Left-wing political parties, trade unions, and social organizations opposed it.
The bill was tied with 36 votes in favor and 36 against, but the Speaker of the House, Vice President Victoria Villarruel, voted in favor.
“For all Argentines who are suffering, waiting and don ’ t want to see their children leaving their country, my vote is decisive.
The motion will be considered on a case-by-case basis and is expected to be passed on Thursday (13), after which it will be returned to the next House for final implementation.
The president said protesters were trying to stage a coup.
However, demonstrators outside the parliament shouted "the country is not sold, it is to be protected", and said: "Why does the head of state hate his own country?" According to local media, the local "battlefield", demonstrators threw gasoline bombs and stones at riot police officers, and some observers and opposition lawmakers said that about 10 people needed medical treatment at the scene of the demonstration, including at least five anti-opposition lawmakers.
Argentine police said at least 20 officers were injured and 15 were arrested.
Argentina ’ s presidential office issued a statement thanking the defense forces and describing the demonstrators as “terrorists trying to launch a coup. ”
“We are going to change Argentina and make it the freest country in the world, ” he said. After he came to power, he cut cabinet posts in half and cut 50,000 civil servants, halted new public works contracts and eliminated subsidies for fuel and transportation.
By accepting the following privacy policy and disclaimer, you agree to the privacy policy and disclaimer contained in am730.
LEARN MORE
Acceptance

- The effectiveness and consequences of these reforms for Argentina’s institutions, economy, and society remain subjects of significant debate.

Title:

Content: Argentina ’ s Trump was elected to scrap the central bank ’ s switch to the US dollar and freeze relations with China
▲ Argentine presidential candidate Javier Milei will take office on December 10. (Photo / Dazhi Images / Associated Press)
Journalist Wu Mei-yi / Comprehensive Report
Argentina ’ s president-elect Javier Milei, who is set to take office on December 10, has been described as an “irate far-right liberal ” and has even been dubbed“ Argentina ’ s Trump ”, vowing to fight inflation and carry out sweeping reforms, calling for the abolition of the central bank ’ s switch to the dollar, the abolition of most government ministries, the legalization of organ trade, and the freezing of relations with China.
But its victory has been praised by rightists around the world, and even Tesla CEO Musk is very optimistic.
On the night of his victory, Mirai won with 56% of the vote, far ahead of his center-left rival Sergio Massa ’ s 44%, declaring, “Today, the reconstruction of Argentina begins. ”
That night, however, the streets of Buenos Aires were filled with joy, celebration, worry and anger, with supporters excited and looking forward to the changes ahead, while leftists expressed shock and frustration.
Mirei has promised major reforms to address the “tragic reality ” of Argentina, where up to 40% of its 45 million citizens are trapped in poverty and inflation has soared to 140%.
But the Guardian says he could push South America ’ s second-largest economy into an unpredictable and potentially volatile future.
▲ Mirei supporters took to the streets to celebrate, but many people expressed concern and frustration.
(Photo / Dazhi Imaging / Associated Press)
The 53-year-old promised tax cuts, the abolition of the central bank, the abandonment of the peso to the dollar, the abolition of government ministries from 18 to 8, the phasing out of social welfare programs, and the severing of ties with two major trading partners, Brazil and China.
He opposes abortion and euthanasia, supports legalization of the sex trade, drug trade, and organ trade, and wants to privatize schools and the health care system.
Mirei was also described as eccentric, with many radical ideas, who denied the impact of climate change and questioned the history of the autocratic government ’ s crackdown on dissidents from 1976 to 1983, which killed 30,000 people and angered millions.
However, Mirei ’ s victory was also congratulated by far-right figures around the world.
Former US President Trump tweeted, "The world is watching! I am very proud of you."
You will turn your country upside down and really make Argentina great again.
“Argentina ’ s prosperity lies ahead, ” said X boss and Tesla CEO, Jair Bolsonaro, a former president of Brazil, calling it a triumph of“ honesty, progress and freedom, ” and “hope shines again in South America. ”
Share with friends:
※ This article is copyrighted and cannot be reproduced without permission. [ETtoday Copyright Notice]
Related News
Hot News
The best video
And more.
Hot News
Back to the top.