Milei’s Strong Start Has Proved Skeptics Wrong
Argentina’s economy is a long way from mended, but the new president sure hasn’t been idle.
Not a joke.
Photographer: Alessia Pierdomenico/Bloomberg
Javier Milei’s first year as president of Argentina has confounded his critics. Most viewed his promises of radical reform as crazy or unworkable. His fondness for waving a chainsaw didn’t help. Yet 12 months on, doubters — including some enlightened ones — are having to think again.
Argentina’s economy still has plenty of problems, but there’s no denying Milei’s first reforms have been both bold and surprisingly successful. He promised war on bureaucrats, brutal cuts in public spending and a purge of excessive regulation — and he delivered. Far from collapsing as a result, the economy is looking stronger.