Libertarian Javier Milei Elected as Argentina's President Amid Economic Crisis

Milei plans drastic measures including spending cuts and privatization to address Argentina's severe economic challenges.

Javier Milei, a self-described “anarcho-capitalist”, has been elected as Argentina's first libertarian president, winning 56% of votes in a presidential election.
Milei's coalition, Liberty Advances, won in 21 of Argentina’s 24 provinces, signaling widespread support for his anti-establishment stance.
Argentina is currently facing severe economic challenges, including an annual inflation rate above 140%, a complex system of exchange rates, and a lack of access to external financing.
Milei has outlined drastic measures to address these issues, including cutting spending, scrapping subsidies, and privatizing state-owned companies.
Despite having no executive experience and a short transition period, Milei is determined to implement his plans swiftly, stating, 'There is no place for gradualism.'