Commentary: Argentina’s First-Ever Libertarian President

Voters in Argentina have elected a libertarian as president for the first time in their history. On Sunday, Argentina had its second round of voting, and Javier Milei received 55.69% of the vote against the Peronist Sergio Massa’s 44.31%. In a country that suffers 143% annual inflation and a poverty rate hovering around 43%, Milei has a long and difficult road ahead.

Milei’s win marks the first time in 40 years that someone outside Argentina’s two largest parties was elected. La Libertad Avanza, Milei’s 3-year-old political party, finally broke through the entrenched and archaic political apparatus. In a tweet back in June, Milei stated that Argentina was choosing between the old politics and the new ideas. During his presidential campaign, Milei pledged to tackle Argentina’s inflationary unhealthy economy by dollarizing the peso and minimizing government spending.

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Argentina Makes History, Voters Deliver Clear Mandate with Election of Free Market Libertarian Javier Milei by Double-Digits

Libertarian candidate Javier Milei of the “La Libertad Avanza” (Liberty Moves Forward) party, will become the president of Argentina on December 10. The free market capitalist obtained 55.86 percent of the votes, with 91.81 percent of the polling stations counted, a stunning victory for the right that resulted in the defeat of ruling party candidate Sergio Massa, who only garnered 44.13 percent of the votes.

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Outsider Libertarian Javier Milei Advances to Run-Off Presidential Election in Argentina

Argentina’s right-wing populist presidential candidate Javier Milei will head to a run-off after failing to win the first round of the presidential election on Sunday.

Milei and former security minister Sergio Massa will face off again in November in a runoff vote, according to the New York Times. The election has become a high point of contention as Milei has said he seeks to rid the country of leftist policies while his opponent, Massa, hopes to keep the left-wing administration that has held power since 2019, according to The Associated Press.

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Venezuela, Cuba, and Argentina Have the Highest Inflation in Latin America

Venezuela, Cuba and Argentina registered the highest inflation in 2022 compared to other Latin American countries, according to figures from the Economic Commission for Latin America and the Caribbean (ECLAC) and BCC reports .

The report covers the period between October 2021 and October 2022, where the highest growth of the index is led by the Caribbean country, which accumulates an increase in inflation of 146%, exceeding that of Argentina by more than 50 percentage points (87 8%), the second on the list, and Cuba, which ranked third with 34.2%.

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