Javier Gerardo Milei
- Thread starter sculptor
- Start date
exchemist
Valued Senior Member
Bessent may end up looking a fool - and may end up being attacked by MAGA for wasting American money. It seems clear the peso is significantly overvalued and Milei will have to drop the current rate pegged to the USD. If so, money spent trying to shore it up at its current inflated rate is money down the drain.
Anarcho-capitalist or right-wing libertarian, and another flamboyantly reckless-in-speech populist (but sans a robust personality cult to back him up).
If Milei's 2017 caricature of Argentinian academia was actual fact, then he either indirectly prophesized his own eventual doom, or at least acknowledged the challenge of a very steep wall to rappel...
- In November 2017, he caused a stir by declaring that "the main producer of Argentina's economists is a Marxist indoctrination center", referring to the Faculty of Economic Sciences, University of Buenos Aires, leading to what he called "the ubiquitous proliferation of Keynesian brutes".
[...] Milei took office as president on 10 December 2023, amidst a lack of support in Congress, an annual inflation rate approaching 200%, rising poverty, and a polarized population as challenges for his presidency.
- Embattled Milei: Milei’s La Libertad Avanza party, a relatively new political force in Argentina, has only 37 deputies and six senators, amounting to less than 15 percent of seats in Congress.
The party is aiming to boost that share to at least a third of seats in Congress – to help defend against opposition attempts to thwart the president’s agenda, to shore up investor confidence and, crucially, to retain Milei’s support from fellow right-winger United States President Donald Trump.
[...] But Trump has threatened to pull away if his populist ally performs poorly, warning that “if he doesn’t win, we’re not going to waste our time, because you have somebody whose philosophy has no chance of making Argentina great again.”
- He appointed three secretariats with portfolio rank, including his sister, to the position of General Secretary of the Presidency, after modifying the anti-nepotism law prohibiting the appointment of family members. [...] On August 2025, Karina Milei, who holds the post of Secretary General of the Presidency and is a close adviser and sibling to President Javier Milei, had been implicated in a corruption scandal centering on alleged kickbacks from pharmaceutical contracts...
- [...] "He has done more good than many people expected", said Alejandro Werner, a former official with the International Monetary Fund. "Maybe I would choose to do it a different way. But, sometimes, to change things, you need somebody that’s a little bit of a fanatic to really move the needle. And he has done it." Though the macroeconomic side had become stabilized, the societal consequences were palpable. Patience towards president Milei's reforms runs thin as his economic reforms cuts into salaries and pushes up the cost of living.
Milei pledged to increase the budget for healthcare and education substantially, while maintaining that these reforms will not conflict with a non-negotiable positive fiscal balance. As of September 2025, Milei's early success in restoring macroeconomic order remained fragile and politically risky...
[...] Wages, along with purchasing power in Argentina began falling in October 2023, before Milei was elected and inaugurated as president. By the start of his presidency, real wages fell by more than 20%. In 2024, wages rose by 145.5%, outpacing the 117.8% inflation rate for the first time since 2021, according to INDEC. According to Nowcast, the year-over-year increase in total family income (ITF) reached 185.7%. In October 2024, CEPA reported that private sector wages had nearly returned to November 2023 levels. However, public sector incomes remained 14.8% lower, and informal workers were still down 21.3%. Continuing this trend, wages have risen by 20.7% in the first half of 2025, above an inflation rate of 15.1%.
[...] On September 7 2025, following weeks after Karina's scandal came to light, Milei's party had lost a key electoral election in Buenos Aires, with La Libertad Avanza attaining 33% of the votes while the Peronist opposition received 47%. President Milei conceded defeat and reflected on the reasons for the loss, but vowed to not repeat his mistakes and to accelerate his economic agenda ahead of schedule. [...] On 10 September 2025, Milei reorganized the Secretariat of the Interior into a ministry, reversing a downgrade in 2024 that he had made as part of his pledge to reduce public deficits and the size of the government. This occurred amid La Libertad Avanza losing heavily in the 2025 Buenos Aires provincial election.
Last edited:
Yah, these days one is often going to experience an unexpected trauma, if going by what the polls and the media predict with respect to a populist or the wins of his party. Hard to say whether it was Trump himself or the "20-billion" that might have had an influence.
While the proles in applicable parts of the world do not adore Trump, he's still some kind of dope-wagon to them that they want to jump on. A figurehead for a fad or a movement. Marx once owned "revolution" and the populist tactic of "struggle against a privileged elite". How the heck did he lose that to Trump?
https://www.latimes.com/world-natio...-test-president-mileis-mandate-and-us-support
KEY POINTS: Milei’s party captured over 40% of votes in Argentina’s midterm elections, securing enough congressional seats to advance his radical economic reforms and defend vetoes. The triumph marks a remarkable recovery from a defeat last month and a significant setback for the Peronist opposition movement. Milei’s campaign was helped by backing from the Trump administration, including a $20-billion currency support package.
_