Argentina’s firebrand new president-elect is pushing a disastrous old agenda
The election of Javier Milei, a far-right outsider and self-described “anarcho-capitalist”, as the next president of Argentina on Nov. 19 has left his supporters ecstatic, those fearing his authoritarian leanings depressed — and columnists such as me trying to guess how likely it is that his radical proposals, including abolishing the national Central Bank and currency, will succeed.
Pundits have pointed out the obvious: With no real party, legislative majority or administrative experience, Milei will be forced to compromise to get anything done. But it’s mainly precedent, not pragmatism, that threatens his success. His program has been tried at least twice before, with terrible costs for Argentina.… Seguir leyendo »