Argentina’s right-wing president-elect to meet with top Biden adviser
Milei’s meetings in Washington ”are protocol-driven to explain the economic plan: fiscal adjustment, monetary reform, state reform and deregulation,” a Milei spokesperson, who declined to be named because he was not authorized to talk on the record, said. “It is not in search of financing.”
Related:
Despite Massa’s victory in the Primary round, Milei wons this Sunday elections.
With more than 94 % of the poll stations scrutinized, the economist Javier Gerardo Milei won this Sunday elections with the 55.8% of votes says the Government’s website Resultados 2023.
Javier Milei: Argentina’s Elected President
Previously:
The economy minister won 36.6% of the vote, while his rival secured 30%. They will both try to win over the voters for Patricia Bullrich, who came in third place and was knocked out of the race
Argentina elections: Sergio Massa contains far-right wave, defeating Javier Milei in the first round
The vultures are ready to “make the economy scream” if Javier Milei wins!*
Argentina election 2023: what you need to know
Far-right libertarian Javier Milei is leading the polls ahead of Argentina’s Oct. 22 presidential vote, but it remains a tight race between the top three candidates, three surveys showed.
Related:
Argentina election: from peso to dollar?
But dollarisation would also mean immediate recession and slump. It would have to start with a massive devaluation of the domestic peso monetary base. In a very optimistic scenario, if Argentina received a loan of say $12 billion from the IMF and used $5 billion as a reserve for the banking system and $7 billion to dollarise the monetary base, the domestic peso monetary base would still have to be reduced by nearly 400%. Argentine salaries (then in US dollars) would become among the lowest globally and poverty would rise to unprecedented levels. And Argentina is already in a recession with real GDP expected to drop by around 2% this year. So either way: peso or dollar, Argentine households would pay the price in living standards.
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Desperation has driven many Argentines to consider a ‘libertarian, anarcho-capitalist’ as president. If this were to happen, it will be going down another blind alley. Argentina’s capitalist economy will continue to fail.
Just scratching the surface:
Read More »Argentinians have taken to the streets of the capital, Buenos Aires, to protest against austerity measures imposed by the government following a deal with the International Monetary Fund (IMF).
Argentinians protest against IMF-imposed austerity measures
AP ‘conveniently’ leaves out the IMF deal! It’s almost as if they want Javier Milei to win (of course, they do)!
Previously:
Yves here. We’re featuring a post from openDemocracy on Argentina’s primary results that had far-right candidate Javier Milei beating the candidates of the two parties that have been in power for two decades. The post is telling, and not in a good way. Milei does advocate extreme views (not that he can go as far as he likes since even if he won a plurality again, he would still be leading a coalition government). And too many commentators forget that voters regularly move to the right in bad economic times, which Argentina is certainly suffering. It’s that the piece depicts him as a Trumpian outsider/madman, when Nick Corbishley’s post right after the primary results were in describes Milei’s considerable, if sometimes seamy, establishment connections…including to the Kochs:
How Javier Milei Upset Argentina’s Political Status Quo
Previously:
Is Argentina’s presidential frontrunner Javier Milei US’ “boy?” Rejects China+Mercosur, embraces $$
Orinoco Tribune Editor: There Was a Coup Against Pedro Castillo in Peru + Some Notes
Argentina’s Milei Says He’d Reject ‘Assassin’ China, Leave Mercosur
Milei described his foreign policy proposals as a global “fight against socialists and statists,” and revealed that he would appoint Diana Mondino, a trusted economic adviser, to be his top diplomat. She’s a former Standard & Poor’s director for Argentina and is running for Congress.
Video via Emil Cosman
Related:
Read More »The center is named after the teen who became a right-wing star after shooting three people, two fatally, during a Black Lives Matter protest in Kenosha, Wisconsin.
There’s a Kyle Rittenhouse Cultural Center in Argentina—and It Just Got Raided
H/T:
Ms. Cat’s Chronicles 