https://news.yahoo.com/argentina-holds-cliffhanger-election-econ…
Libertarian outsider Javier Milei swept to victory in Argentina's presidential election Sunday, vowing to halt decades of economic decline in a country reeling from triple-digit inflation.
The self-described "anarcho-capitalist" pulled off a massive upset by ousting the populist Peronist coalition which has long dominated Argentine politics.
With 55.7 percent of the vote, Milei thumped his rival, Economy Minister Sergio Massa, who won 44 percent of the vote and rapidly conceded defeat.
"Today begins the reconstruction of Argentina. Today begins the end of Argentina's decline," Milei said in his victory speech. "The model of decadence has come to an end. There is no way back."
Latin America's third-biggest economy has suffered decades of crises under interventionist governments big on welfare that resort to printing money to finance spending, fueling inflation, while borrowing heavily only to default on their debt.
Access to dollars is strictly controlled, leading to a thriving black market for greenbacks, and analysts warn the peso is ripe for a sharp devaluation.
"There is no room for gradualism... or half-measures," said Milei.
@CentristSophieLibertarian6mos6MO
Congratulations to our Argentinian cousins for rejecting socialism! With this, it's time for France, Spain, and America to follow suit!
@C1vilRightsBruceSocialist6mos6MO
Yeah, he wants to privatize roads, privatize schools, legalize organ sales, and end the right to unionize.
Of course you support that -- you're backed by billionaires.
You should never pretend to support workers ever again.
@CentristSophieLibertarian6mos6MO
He also wants to create a “baby market” where people can buy and sell babies :)
@ISIDEWITH6mos6MO
Do you believe an anarcho-capitalist approach can effectively tackle the issues of inflation and economic decline?
@9H4MCNB6mos6MO
Yes and no. The different classes and their belief that the State is evil is a short-termed thinking, yet some components to combat inflation should regard privatization.
@VoterGelding6mos6MO
Make the government smaller, and increase people's wealth by good economic policies.
May God bless this man!
@ISIDEWITH6mos6MO
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