In the News podcast: Tom Hennigan reports from South America on Milei’s struggle to make his radical vision for Argentina a reality
Argentinian president Javier Milei after delivering a fiery speech at the World Economic Forum meeting in Davos in January. Photograph: Fabrice Coffrini / AFP via Getty Images.
Nearly four months have passed since the libertarian economist Javier Milei won a decisive victory in Argentina’s presidential election. The controversial politician vowed to make drastic changes and swift reforms to rescue the country’s fragile economy, including large cuts to public spending. He dissolved half the country’s ministries within days of taking office and devalued the peso by 50 per cent, yet prices continued to spiral.
Inflation has now eased, but unrest has grown as poverty in the country has hit a 20-year high. And Milei has struggled to find the political support to implement his vision, despite ditching some of his more extreme campaign pledges. Tom Hennigan, who joined the podcast last December to discuss Milei’s election, returns to tell the story of Milei’s administration so far.
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