Milei's neoliberal nightmare degrades Argentina

TUESDAY, JUNE 25, 2024

The last six months have seen the self-styled ‘libertarian capitalist’ bulldoze workers’ rights and national sovereignty, as his crazed shock-doctrine economic reforms face growing resistance on the streets, writes BERT SCHOUWENBURG



Argentinian President Javier Milei

FOLLOWING the 1973 US-backed military coup in Chile, the country became a testing ground for neoliberal economics that was forcefully administered at the point of a bayonet.

Fifty years later, on the other side of the Andes, Argentinian President Javier Milei is seeking to introduce sweeping economic reforms that make the Chilean model seem relatively tame by comparison.

Unlike Augusto Pinochet in Chile, Milei did not seize power by force but was elected by a substantial majority in November of last year.

The self-styled “libertarian capitalist” took office on December 10, announcing his intention to take a chainsaw to the structures of the Argentinian state by the introduction of an omnibus Bill containing over 600 articles that would have granted him unprecedented powers that no other civilian president had enjoyed since the fall of the civil-military dictatorship and the return of constitutional rule in 1983.

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