Argentines Vote in Presidential Election Amid Economic Crisis; Right-Wing Populist Milei in the Lead

Anarcho-capitalist Javier Milei secures most votes in August primaries, threatens to abolish the central bank, adopt the US currency, and slash public spending amidst 140% inflation and falling currency, drawing concern over impact on social welfare, education, and healthcare.

Javier Milei, a right-wing populist and self-described anarcho-capitalist, leads in Argentina's presidential election amidst an ongoing economic crisis. Milei won the most votes in the August primaries, shaking up Argentina's political system.
Milei plans to abolish the central bank, adopt the US dollar as Argentina's currency, slash public spending, and reduce government ministries by half. His radical plans have caused concern over their potential impact on social welfare, education, and healthcare.
Milei's rise comes as Argentina grapples with 140% inflation and a rapidly depreciating currency. Many Argentines who struggle to make ends meet have shown support for him, despite his controversial stance against socialist policies and 'political correctness'.
The election results are expected to lead to a polarized society and a combative, inexperienced leader helming an economy on the brink of collapse, according to Benjamin Gedan, director of the Latin America program at the Washington-based Wilson Center.
Despite leading in the polls, Milei's slight lead may not be enough to avoid a runoff in November. To win outright, a candidate must receive 45% of the vote or 40% and a 10-point difference with the runner-up.