The eccentric far-right populist Javier Milei has failed to win the first round of Argentina’s presidential election, with the centrist finance minister Sergio Massa unexpectedly beating his radical challenger.
Supporters of Milei, a potty-mouthed political outsider described as an Argentinian mashup of Donald Trump, Jair Bolsonaro and Boris Johnson, had hoped he was heading for a sensational outright victory similar to Bolsonaro’s shock triumph in Brazil in 2018.
Comparing Milei to Trump or Bolsonaro is very, very misleading.
Milei is has radical capitalist / free market ideology, but is far removed from social conservatism.
Just to give you an idea, he wants to close the argentinian central bank and kill the national currency or let it kill itself with a free floating exchange rate.
Such a move is the opposite of what alt-right / fascism would do which seeks governmental control of media, industrial and financial institutions.
If anything, the current ruling party “Union for the motherland” (Union por la patria) openly advocates and defends Peronism which is a sort of decaf fascist ideology heavy in nationalism and populism thinly clothed in laborist rethoric to make it seem left wing. Current ruling party which btw has lead the country to over 300% inflation (if you take the free exchange rate as a reference since the official exchange rate is manipulated and it is illegal for argentines to freely buy foreign currency except for a small token amount).
Just to make it easier to understand. If you’re familiar with the political compass:
- Current ruling party leans top left
- Milei is solidly bottom right
- Trump is top right.
These are three very very different quadrants.
I know nothing about economy, but isn’t a bad idea to put all your chips into a currency that you do not hold any control over?
Ecuador and Puerto Rico already did it. Panamá did something similar.
I totally understand the initiative. Corruption can be so damn high, that you trust gringo central bank more than any institution of your own country.
edit: typos
Did you conflate Puerto Rico with Costa Rica? Puerto Rico uses USD, and has since the late 1800s when they became a territory of the US.
we have problems with governments over printing. this shit has happened again and again for decades and it won’t stop.
Yes, but the alternative is what we have now.
Normal people have zero control over the US Dollar, but also have zero control over the Argentinian Peso… and the Argentinian Peso has 140% inflation per year.
Milei probably has a small resemblance with DT. Maybe just a small percentage, but that is enough to call him a Full DT by the press in the rest of world. It is just cheap press.
The guy has a lot of cons and pros. But he is not a DT. He is mainly an economist. Not a businessman.
Argentina as always is a sinking ship with a lot of holes. Every year there are more holes. They still have not found a party that can close those holes. And there were only 3 big parties.
Perhaps a new party (like the one from Milei) manages to start closing some of those holes. Perhaps they keep opening holes like the current party. Even if you put the best party ever made, it would take 15-30 years maybe more to recover. You have a lot of adults that never worked (legally) and live from the state. It takes time to educate the new generations letting them know that money is not always a free thing that comes without working. (And you cannot tell them “now you have to find a job” in the short term otherwise the country will go violent. Therefore no matter how far right the party is. It always end up adapting to a situation to control the masses that requires socialism).
Time will tell about what will happen if the same party (probably was the worst government in the past 30 years) wins the election. But nowadays the country is at worst since I was born. 40% poverty (oficial, real is perhaps higher ), 100+% annual inflation (not even the old 20-30% annual). It is probable that the current government will never leave and will stay on power just like it happens in many other countries, like Venezuela. (While it is still a totally different country, we always compare to Venezuela because the current party always liked Venezuela as a role model to follow).
I hope not! But with 40+% poverty… soon there will not be enough tax payers to cover the costs but maybe hyperinflation puts a stop to the excess of public spending (printing ARS money) to solve any problem.
Well, I’d say it’s just their straightforwardness and their “showmanlike” attitude
And the wacky hair.
Are there even politicians in Argentina that aren’t socially conservative? He is by default
Yes, I was very confused by the “far-right populist” descriptor. Those are two very opposite words.
Far-right is when I don’t like, idiot
the fucking gall of calling massa centrist. shit-tier journalism.
I’m not familiar with Argentinian politics. What would you call him?
Most things I read the last few days called him left wing. But things get fuzzy calling people/parties left/right, especially across different continents.
They’re kinda center/left. For anyone right, They’re basically communist, and for anyone left they are neolibs who co-opted social issues to keep the economic status quo on place.
Since I’m rather uninformed on the topic, what would you consider him instead?
Watching Americans become interested in Argentine politics for the first time in my life feels wild, like, they have no fucking clue but they care so much. I’m enjoying it ngl.
So, it’s again a case of“vote for the crook, not the fascist”?
I would argue this is more like, vote for the fascist, not the fascist.
Citizens of Argentina! The cruelty of the old regime is a thing of the past!
[crowd cheers]
Let a whole new wave of cruelty wash over this lazy land!
[crowd cheers, then is confused]
Tiberius is dead! Long live the new Emperor, Caligula!
This is the best summary I could come up with:
The eccentric far-right populist Javier Milei has failed to win the first round of Argentina’s presidential election, with the centrist finance minister Sergio Massa unexpectedly beating his radical challenger.
Addressing hundreds of euphoric supporters at his campaign HQ, Massa gave a sober speech vowing to lead a national unity government that would kickstart “a new phase in Argentina’s political history”.
The result leaves Argentina poised for another month of profound uncertainty, economic turbulence and fake news before the showdown between Massa and Milei, a libertarian economist who only entered the world of politics when he was elected to congress in 2021.
Marcela Pagano, a television journalist running for a place in congress for La Libertad Avanza, predicted angry voters were poised to “boot out” the traditional politicians many blame for plunging 40% of citizens into poverty and triple-digit inflation.
Prominent members of South America’s extreme-right flew to Argentina hoping for a Milei triumph that would boost their movement after its leading light, Brazil’s Bolsonaro, lost power last year to the leftist Luiz Inácio Lula da Silva in October 2022.
Massa and his allies stepped up their campaign after Milei’s stunning victory in August’s primary – a dress rehearsal for the election – scrapping income tax for most citizens and seeking to distance themselves from former president Cristina Fernández de Kirchner.
The original article contains 1,024 words, the summary contains 220 words. Saved 79%. I’m a bot and I’m open source!
Bob Pinciotti at it again.
Bargain Bob is coming for your currency
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I’d vote for him
This comments are full of copium lol
Massa a new phase? I think he meant a new face.
He’s running against a guy that is part of the current government as financial minister none the less, that is leaving 50% poor, 140% inflation. That has devalued the coin by 750% so far
The guy says we should cut down spending. And now he’s Hitler.
