• Sun. Dec 3rd, 2023

Surge in Support for Radical Candidate as Inflation and Poverty Plague Argentina


Nov 21, 2023

In Argentina, Javier Millay has been elected as the new president with a landslide victory of 56% of the votes. He campaigned on a platform to take a different approach than the previous government, promising to close government offices and shut down the central bank as part of the “dollarization” process. This move was in response to the hyperinflation that led to an annual inflation rate of 142%. However, it remains unclear how Congress will govern with Millay as president.

Millay’s rise in Argentine politics has been met with skepticism from critics who suspect that his success came more as a result of the flaws of his predecessor, Massa, as Minister of Economy. Despite being considered eccentric for his love for dogs and unusual hobbies, Millay has gained popularity among various groups in Argentina due to his criticism and attacks against the country’s leadership. The country has been grappling with economic issues, poverty, and high inflation.

Lev Ari believes that Argentina’s economic problems stem from the government’s ability to control every aspect of the economy. Despite past attempts at stabilization, this government continues to struggle with handling the economic crisis. Millay’s party received only 37 seats in the House of Representatives out of 257, while his predecessor’s party still holds most seats.

Prof Rein argues that Argentina’s economic challenges are rooted in its role as a food producer, reliance on capital outside of the financial system, and Peronism collapse. According to him, despite periods of economic growth in Western terms during rich times, Argentina failed to change or develop itself economically effectively. Now that he is president, people hope Millay can provide solutions to these pressing issues facing Argentina.

In conclusion, Javier Millay won over voters in Argentina with promises to take a different approach from previous governments by shutting down government offices and shutting down central banks through dollarization process as part of addressing hyperinflation caused by past policies failure which led him into presidency after receiving 56% votes from citizens who want change from current status quo . Despite criticisms questioning what led him rise in Argentine politics or skepticisms about his eccentricity , he has become popular among various groups due to his criticism against country’s leadership which became more evident when he became president while other parties still hold most seats but people hope he can deliver solutions addressing their long-term problems like poverty and high inflation rates .

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