News

Victory of Milei putting Argentina's democratic system 'through it's toughest stress test yet'

What many deemed impossible just months ago is reality: Right-wing populist Javier Milei resoundingly won Argentina's presidency. The fiery freshman lawmaker's victory Sunday night has thrust the country into the unknown regarding how extreme his policies will be following a campaign in which he revved a chainsaw to symbolically cut the state down to size. With almost all votes tallied, Milei handily beat Economy Minister Sergio Massa, 55.7% to 44.3%. Milei won all but three of the nation’s 24 provinces, and Massa conceded even before the electoral authority began announcing the preliminary results. Milei, 53, a libertarian economist, started to outline some of his planned policies on Monday morning. He said in a radio interview that would quickly move forward with plans to privatize state-run media outlets he received negative coverage from during his campaign and which he deemed “a covert ministry of propaganda." The president-elect also said that state-controlled energy firm YPF should eventually be privatized but first must be repaired so it can be “sold in a very, very, very beneficial way for Argentines.” “Everything that can be in the hands of the private sector will be in the hands of the private sector,” he told Bueno Aires station Radio Mitre. Milei, a self-described anarcho-capitalist with a disheveled mop of hair, made his name by furiously denouncing the “political caste” on television programs. His pledge for abrupt, severe change resonated with Argentines weary of annual inflation soaring above 140% and a poverty rate that reached 40%. Once in office, he has said he would slash government spending, dollarize the economy and eliminate the Central Bank as well as key ministries, including those of health and education. An admirer of former U.S. President Donald Trump, Milei has likewise presented himself as a crusader against the sinister creep of global socialism with plans to purge the government of corrupt establishment politicians. In the weeks before the runoff, though, he walked back some of his more unpopular proposals, such as loosening gun controls and sweeping, indiscriminate privatization. As right-wing populist Milei is set to take Argentina down a completely uncharted path, FRANCE 24's Annette Young is joined by Dr Juan Pablo Ferrero, Senior Lecturer in Latin American Studies at the Department of Politics, Languages and International Studies of the University of Bath.