Javier Milei, the recent winner of Argentina’s presidential election, pledged in his campaign to replace Argentina’s currency — the peso — with the dollar, to eliminate the Central Bank and to slash government spending.
Author
Rahul Menon, Associate Professor, Jindal School of Government and Public Policy, O.P. Jindal Global University, Sonipat, Haryana, India.
Summary
Another election, another victory for the global right. Javier Milei, the recent winner of Argentina’s presidential election, has drawn attention for his unconventional and worrying views, such as his opposition to abortion and his ambivalent attitude towards the torture and undemocratic excesses of Argentina’s military government.
Mr. Milei’s economic proposals have also drawn much debate and scrutiny. The self-confessed “anarcho-capitalist” pledged in his campaign to replace Argentina’s currency — the peso — with the dollar, to eliminate the Central Bank and to slash government spending. Suffering under inflation in excess of 100%, and with nearly two-thirds of the population falling below the poverty level as purchasing power of wages and salaries have eroded, the electorate has chosen to throw their weight behind Mr. Milei’s idiosyncratic policy proposals.
Published in: The Hindu
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