Javier Millay, a libertarian economist, has won the presidential election in Argentina with an impressive 56% of the votes. His campaign promises to take a different approach than the state previously implemented, including shutting down government offices and fully dollarizing the economy. This is in response to the hyperinflation that led to an annual inflation rate of 142%, leaving many Argentines struggling to make ends meet.
Despite his eccentricities and love for his four dogs, Millay has gained popularity among various groups in Argentina due to his criticism and attacks against the country’s leadership. Many argue that his rise is a result of the flawed policies of the previous government, led by Minister of Economy Massa. However, some believe that Millay’s party, “Freedom is Progressive,” only received 37 seats in the House of Representatives out of 257, meaning they will have a tough time governing in practice.
Lev Ari believes that Argentina’s economic issues are rooted in its reliance on capital not within the financial system and its role as a food producer. Despite past attempts to stabilize the economy, these efforts have failed. The country continues to struggle with economic crises and poverty. Millay’s promises seem to tap directly into these real problems while creating a narrative that suggests current leadership does not represent the will of the people and has resulted in failed policies. Now as president, people hope he can provide solutions to these pressing issues facing Argentina.