Argentina elected a "hard-right Libertarian" president. How is that going?

[Craig234]

So, it's not just the US, this sounds familiar, to quote the article:

Milei has slashed public spending, dismissed tens of thousands of public employees and led a major deregulation drive since taking office in December 2023. But in recent months, things began to go wrong for the hard-right libertarian.

“The economy has not advanced sufficiently, inflation has not been brought down in any significant way, and wages have been practically frozen,” said Tokatlian, who is a professor of international relations at the Universidad Torcuato Di Tella in Buenos Aires.

The government faced a cryptocurrency debacle after the president promoted an obscure token called $Libra, which soared in value following his endorsement before collapsing dramatically, prompting dozens of criminal complaints alleging fraud.

Milei also vetoed bills that would have increased pensions and disability benefits, but last week, the national congress took a step not seen in more than 20 years and overturned the president’s veto.

Argentinians deliver electoral blow to Milei’s scandal-rocked government

President touted contest in Buenos Aires province – 40% of electorate – as ‘life or death battle’ but won only 34% of vote

www.theguardian.com

 

[iliveonramen]

This little rightwing "moment" after inflation is ruining countries left and right. People wanted change and they got corruption and incompetence.

 

[Craig234]

This little rightwing "moment" after inflation is ruining countries left and right. People wanted change and they got corruption and incompetence.

As they were told they would.

 

[lwf]

If Progressives were smart, they would work on separating the associated notions of "right wing" and "libertarian" in the coming months. Donald Trump is a Republican, and he is probably the least libertarian president America has ever seen. And the Republican party, which is traditionally right wing, has embraced this enthusiastically.

There is a market there in a country known for its individualism and distrust of government for someone who wants to differentiate what they would do as president from what Donald Trump has done.

 

[Lursa]

So, it's not just the US, this sounds familiar, to quote the article:

Milei has slashed public spending, dismissed tens of thousands of public employees and led a major deregulation drive since taking office in December 2023. But in recent months, things began to go wrong for the hard-right libertarian.

“The economy has not advanced sufficiently, inflation has not been brought down in any significant way, and wages have been practically frozen,” said Tokatlian, who is a professor of international relations at the Universidad Torcuato Di Tella in Buenos Aires.

The government faced a cryptocurrency debacle after the president promoted an obscure token called $Libra, which soared in value following his endorsement before collapsing dramatically, prompting dozens of criminal complaints alleging fraud.

Milei also vetoed bills that would have increased pensions and disability benefits, but last week, the national congress took a step not seen in more than 20 years and overturned the president’s veto.

Argentinians deliver electoral blow to Milei’s scandal-rocked government

President touted contest in Buenos Aires province – 40% of electorate – as ‘life or death battle’ but won only 34% of vote

www.theguardian.com

Sounds familiar.