🇦🇷 The Argentina of Javier Milei: A Return to the (Wild) 1990s?
Javier Milei was recently elected President of Argentina, having run with a campaign platform promising ultra-liberalisation of the economy, privatisation of major state-owned companies, closure of the Central Bank, and dollarisation of the economy.
Such policies, and their outcomes, are not essentially new for Latin American countries. Similar experiences were fully implemented during the Washington Consensus in the 1990s, including in Argentina itself during Carlos Menem’s government.
Nevertheless, Milei succeeded in orchestrating a campaign that resulted in his victory, emphasising the novelty of these measures and presenting them as the only possible means of overcoming the economic debacle that Argentina has been facing for decades.
In the Argentine context, deep economic instability, high inflation rates, unemployment, and increasing poverty have fuelled a widespread sense of indignation among the population. It is noteworthy that, amid these challenging conditions, candidates offering simplistic and inadequate solutions to complex problems often garner significant support, Boris Perius Zabolotsky writes.
https://valdaiclub.com/a/highlights/argentina-of-javier-milei-a-return-to-the-wild/
#Norms_and_Values #JavierMilei #Argentina
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Javier Milei was recently elected President of Argentina, having run with a campaign platform promising ultra-liberalisation of the economy, privatisation of major state-owned companies, closure of the Central Bank, and dollarisation of the economy.
Such policies, and their outcomes, are not essentially new for Latin American countries. Similar experiences were fully implemented during the Washington Consensus in the 1990s, including in Argentina itself during Carlos Menem’s government.
Nevertheless, Milei succeeded in orchestrating a campaign that resulted in his victory, emphasising the novelty of these measures and presenting them as the only possible means of overcoming the economic debacle that Argentina has been facing for decades.
In the Argentine context, deep economic instability, high inflation rates, unemployment, and increasing poverty have fuelled a widespread sense of indignation among the population. It is noteworthy that, amid these challenging conditions, candidates offering simplistic and inadequate solutions to complex problems often garner significant support, Boris Perius Zabolotsky writes.
https://valdaiclub.com/a/highlights/argentina-of-javier-milei-a-return-to-the-wild/
#Norms_and_Values #JavierMilei #Argentina
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The Argentina of Javier Milei: A Return to the (Wild) 1990s?
In the Argentine context, deep economic instability, high inflation rates, unemployment, and increasing poverty have fuelled a widespread sense of indignation among the population. It is noteworthy that, amid these challenging conditions, candidates offering…