Argentina’s Javier Milei Defies Expectations with Economic Reforms and Political Reshaping

The libertarian president has slashed government spending, reduced inflation, and maintained popularity, but critics warn of authoritarian tendencies.

• Javier Milei, Argentina’s first anarcho-capitalist president, has implemented drastic economic reforms, including cutting the federal budget by 30% and eliminating 13 government agencies.
• Inflation has fallen from 25% at the end of 2023 to 2.4% by the end of 2024, and the country recorded its first budget surplus since 2008 in May 2024.
• Despite initial skepticism about his lack of political experience and radical policies, Milei has retained an approval rating above 50% and avoided the predicted economic collapse.
• Critics argue that Milei’s administration exhibits authoritarian tendencies, including centralized control, intolerance of dissent, and alleged misuse of state resources to influence media coverage.
• While Milei’s reforms have reshaped Argentina’s political and economic landscape, analysts debate whether his approach represents lasting change or a continuation of past political patterns.

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